More Canadians will receive the carbon tax rebate this year. Here’s how it works and how much you can expect

Ontarians might notice a little extra money in their bank accounts this month as they receive the federal government’sThe federal government recently expanded the program to include a number of additional provinces.The credit is meant to help individuals and families offset the extra costs from the federal government’s pollution pricing, according to the Canadian Revenue Agency.

In Ontario, the taxes are administered at a federal level, with the federal government returning 90 per cent proceeds from those charges to eligible residents.The CAIP is already available to residents of Alberta, Saskatchewan, Manitoba and Ontario. This month, the federal government also expanded the fuel charge to include Newfoundland and Labrador, Nova Scotia, Prince Edward Island and New Brunswick.

Residents of Newfoundland and Labrador, Nova Scotia, and Prince Edward Island will receive CAIP payments starting this month. New Brunswick residents will be issued a double payment in October 2023 that will cover the July and October 2023 payments, followed by a single payment in January 2024. To receive the benefit, you must be a resident of a CAIP-eligible province on the first day of the payment month. You must also be at least 19 years old. If you are under that age, you must either have a spouse or common-law partner, or are a parent and live with your child.The federal government says a family of four in Ontario could receive rebate amounts up to $244 each quarter.the benefit payments exceed what they pay in carbon pricingEligible individuals should receive $122.

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