New Payment Alert: Some Canadians Receive First Carbon Rebate

If you see an email from the Canada Revenue Agency (CRA) this week, it might be good news.

Starting Monday, many Canadians have begun receiving their first direct deposits for the Canada Carbon Rebate (CCR). These quarterly payments are designed to offset the costs of levies on greenhouse gas emissions, which aim to discourage the use of fossil fuels.

Depending on the recipient’s bank, deposits may be listed as CCR or under their former name, the Climate Action Incentive Payment.

When Can I Expect My Deposit?

Deposits are typically scheduled for the 15th of April, July, October, and January for eligible Canadians who filed their annual taxes before March 15. Those who filed later can expect their first deposit six to eight weeks after their tax return has been assessed, according to the CRA.

How Much Can I Get?

The amount of each deposit varies by province. Base amounts for individuals range from $95 in New Brunswick to $225 in Alberta. Residents of Quebec, British Columbia, and the Territories are not eligible for the rebate.

Rural residents, as well as those with a spouse, common-law partner, or children, qualify for additional supplements.