Building fairness for every generation means combatting pollution and the devastating impacts of climate change while making everyday life more affordable for Canadians. Canada's approach to pricing carbon pollution achieves both.
Today, the Honourable Patty Hajdu, Minister of Indigenous Services and FedNor, and Member of Parliament for Thunder Bay - Superior North, was in Thunder Bay, ON to highlight that today is the final opportunity for small businesses in Ontario to file their tax returns to benefit from the first payment of the Canada Carbon Rebate for Small Businesses.
The Canada Carbon Rebate for Small Businesses is a new rebate that will return $2.5 billion from the proceeds collected from the price on carbon pollution in Ontario through an automatic refundable tax credit to an estimated 600,000 small businesses that operate in provinces where the pollution pricing system applies.
Today, is also the date when households in Ontario will start receiving their latest quarterly Canada Carbon Rebate payments, with eight out of ten households get back more money through these rebates than they pay.
In Ontario, quarterly payments by household today are: Canada Carbon Rebate amounts for 2024-2025
- First adult: $140
- Second Adult: $70
- Each child: $35
- Total for a family of four: $280
To further recognize rural Canadians' higher energy needs and more limited access to cleaner transportation options, the government doubled the rural supplement available for households in rural areas and smaller communities from 10 percent to 20 per cent of their Canada Carbon Rebate base amount.
To estimate their potential rebate, eligible residents can use the Canada Carbon Rebate estimator tool.
Carbon pollution pricing is the cornerstone of Canada's comprehensive plan to lower emissions and build a more sustainable and prosperous future for all Canadians.
