October 15th Canada Carbon Rebate Delivers Support for Families in Hamilton, Ontario
News release
October 15, 2024 – Hamilton, Ontario
Today, families across Canada will receive their Canada Carbon Rebate for individuals, a payment that is making life more affordable for Canadians. The Canada Carbon Rebate - alongside measures like dental care, childcare, and others – contribute to the Government of Canada’s plan to help Canadian families to get ahead while ensuring big polluters pay their fair share.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), was in Hamilton, Ontario, to announce the latest quarterly Canada Carbon Rebate payments are being delivered to their bank accounts and mailboxes. The Canada Carbon Rebate is helping households, small businesses, farmers and Indigenous communities across Canada to get ahead.
A family of four residing in Hamilton will receive the Canada Carbon Rebate for individual payments every three months, meaning they will receive a quarterly cheque or deposit of $280. To discover more about how much your family could receive, please refer to the Canada Carbon Rebate amounts for 2024-25 for payment amounts applicable to your province.
In addition to putting money in the pockets of families, the federal government announced the payment amounts for the new Canada Carbon Rebate for Small Businesses, which will deliver over $2.5 billion to about 600,000 Canadian businesses before the end of this year. This refundable tax credit will return a portion of the fuel charge proceeds from 2019-20 through 2023-24 to eligible small businesses, in jurisdictions where the federal fuel charge applies.
The Canada Carbon Rebate is part of a suite of federal actions to help Canadians to get ahead, while simultaneously supporting holding the biggest polluters accountable in the fight against the climate crisis.
Canada’s price on pollution is working. When it comes to meeting Canada’s goals, emissions are down, and pollution pricing alone is delivering at least a third of the reductions needed, while delivering clean air and incentivizing job-creating greener investments in communities. As of today, emissions are down, while the economy grows and wages for Canadians are going up.
Quotes
“The Canada Carbon Rebate is a cornerstone of our plan, which is holding big polluters accountable and putting money in the pockets of families across this country. The facts are clear – every day, Canada’s economy is growing stronger as we drive down emissions, thanks in large part to Canadians and their Canada Carbon Rebates.”
– The Honourable Steven Guilbeault, Minister of Environment and Climate Change
“The Canada Carbon Rebate and the rural supplement are helping families in my community of Hamilton get ahead. This is an important measure that is working to fight climate change and build a stronger economy for communities across Canada.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
Quick facts
-
Each year, the amounts of the Canada Carbon Rebate for individuals are adjusted in line with the price on pollution, ensuring the rebate continues to reflect the projected proceeds in each province where the fuel charge applies. The Canada Carbon Rebate for individuals returns the majority of proceeds directly to the residents of that province.
-
The quarterly Canada Carbon Rebate is designed to support families by offsetting the cost of federal carbon pricing upfront. Payments are issued in the first two weeks of each three-month period, generally in advance of incurring most costs from the federal pollution pricing system.
-
The Canada Carbon Rebate for Small Businesses is a refundable tax credit to return a portion of federal fuel charge proceeds directly to eligible businesses. Businesses will not have to apply for this rebate. The Canada Revenue Agency will determine and automatically issue the rebate amounts to eligible businesses based on the payment rates of each applicable province for the corresponding fuel charge years.
-
All industrial pollution pricing systems are designed to ensure there is a price incentive for industrial emitters to reduce their greenhouse gas emissions and spur innovation while maintaining competitiveness. Not only does industrial pollution pricing ensure big polluters pay their fair share, it is also helping Canada attract new major projects that are creating good paying jobs.
Associated links
Contacts
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
Edward.hutchinson@feddevontario.gc.ca
Page details
- Date modified: