Carbon Tax Rebate Jan 2025

Carbon tax refund, January 2025: Check the payment date and amount!

The Canadian government offers relief to Canadians through a carbon tax rebate that offsets federal fuel costs. Households get the price they pay through federal fuel surcharges and reduce their financial burden.

Quarterly payment of carbon tax refund 2024-25. has reached its last quarterly payment, eligible Canadians will receive their last payment in January 2025. Canadians wondering about CCR can check all payment information here.

Carbon tax refund, January 2025

Canadians who have filed their tax return and are eligible for the Canadian Carbon Tax Rebate will soon receive their final quarter 2024-25 payment. in January 2025. The federal government has federal fuel surcharges that apply to provinces such as Nova Scotia, Alberta, Ontario, New Brunswick, etc.

The rebate offsets federal fuel surcharges, eligible Canadians must receive a quarterly payment in April 2024, July 2024 and October 2024, and now the next payment will be processed in January 2025.

Canadians who qualify for the CCR can expect a payment via direct deposit into their bank account on January 15, 2025. Canadians will also receive a rural supplement with the CCR payment. The government planned to increase the rural allowance from 10% to 20% in 2024 to ensure that people living in rural areas can meet their energy costs.

What makes you eligible for the 2025 carbon tax rebate?

Canadians who meet the following conditions may receive a carbon tax rebate:

  • You are liable for tax purposes, a resident of Canada and living in the province at the end of the month before the CRA makes the payment, so for January 2025 you must be living in the relevant province in December 2024.
  • You must be at least 19 years old in the month before the CRA makes a payment, or if you are under 19, you must meet the following conditions to receive a CCR:
  • You were or are a parent or guardian who has a child living with you;
  • You have or have had an extramarital partner living with you.
  • If you are new to Canada and have recently moved, you must complete a GST/HST Credit, RC151 or Canada Carbon Rebate application to receive the credit.
  • On or before the first day of the payment month, you must live in the following province:
  • Alberta (AB)
  • Manitoba (MB)
  • New Brunswick (NB)
  • Nova Scotia (NS)
  • Ontario (ON)
  • Prince Edward Island (PEI)
  • Saskatchewan (SK)
  • Newfoundland and Labrador (NL)
  • If you have dependent children under the age of 19, you may qualify for CCR when the child qualifies for the benefit.

Payment of carbon tax refund January 2025

Canadians living in the province mentioned above can expect the following Canadian carbon tax rebate based on dependent child, family situation and province of residence:

Family members AB SK NL NS ON NB MB SING
Individual 225 dollars 188 dollars 149 dollars 103 dollars 140 dollars 95 dollars 150 dollars 110 dollars
Another adult $112.50 94 dollars $74.50 $51.50 70 dollars $47.50 75 dollars 55 dollars
Every child $56.25 47 dollars $37.25 $25.75 35 dollars $23.75 $37.50 $27.50
A family of four 450 dollars 376 dollars 298 dollars 206 dollars 280 dollars 190 dollars 300 dollars 220 dollars

Rural Carbon Tax Refund Supplement, January 2025

The rural allowance is also provided with a carbon tax rebate, Canadians should know that Prince Edward Island’s rural allowance is bundled with their carbon tax rebate, so the rural allowance with CCR is as follows:

Family members AB ON MB NS SK NB SING NL
Individual 270 dollars 168 dollars 180 dollars $123.60 $225.60 114 dollars 110 dollars $178.80
Another adult 135 dollars 84 dollars 90 dollars $61.80 $112.80 57 dollars 55 dollars $89.40
Every child $67.50 42 dollars 45 dollars $30.90 $56.40 $28.50 $27.50 $44.70
A family of four 540 dollars 336 dollars 360 dollars $247.20 $451.20 228 dollars 220 dollars $357.60

The 20% rural allowance increase will also apply to Prince Edward Islanders, so if the government increases the allowance, all provinces can expect an increase in rural allowances.

What to report to RAK in order to continue receiving CCR?

Eligible Canadians to the Canada Revenue Agency expect to report changes if they may affect rebate payments to avoid overpayment and receive an accurate and timely payment:

  • If you are moving from a province or Canada to another country;
  • If the number of children you care for has changed or the dependent child is older than 19 and no longer depends on you;
  • If the child for whom you are claiming CCR no longer lives with you, you are not responsible for him/her.
  • If your relationship status or marital status has changed in the year.
  • If the person receiving the CCR has died, then the family must notify the CRA,
  • If the deceased was married or had a common-law partner, then the spouse may be entitled to receive the discount, so the CRA should be notified to update the changes,
  • If you owe the CRA an amount or debt, the agency can use the rebate amount to offset the hearing.

Canadians can report these changes through their MyAccount and notify the agency in time so that the agency can take appropriate action and process the correct payment according to your family situation and other conditions.

The Canadian government is offering a carbon tax refund to refund federal fuel surcharges paid by residents and reduce their financial burden. Fuel surcharges were the government’s effort to make the country more sustainable and environmentally conscious, and with this rebate, the government has ensured that citizens do not have to face a greater financial burden.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *