Millions of Canadians will receive the year’s first carbon rebates from the federal government this week.
January payments of the Canada Carbon Rebate will go out on Wednesday to Canadians in eight provinces: Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan.
The tax-free rebates return 90 per cent of the revenue collected by Ottawa from the federal carbon price levied to households in these provinces.
Canada Revenue Agency says the payments are meant to help eligible individuals and families offset the cost of the federal pollution pricing.
British Columbia, Quebec and Northwest Territories have their own carbon pricing system for consumers, so residents there don’t receive the federal payment. Yukon and Nunavut use the federal system but have an agreement to distribute the proceeds themselves.
Story continues below advertisement
The carbon rebates are paid out in four yearly instalments.
The amount received will vary from household to household depending on the size of a family and the province they …