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Last carbon tax rebate arrives Tuesday, but Finance Canada won’t say how much it costs [Video]

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Canadian National News

The last Canada Carbon Rebate arrives on Tuesday after Liberal Leader Mark Carney killed the federal consumer price on carbon.

Only those who filed their 2024 income taxes electronically by April 2 will receive the payment on Tuesday. Otherwise, the final payment will be deposited once the Canada Revenue Agency assesses their return.

The quarterly federal rebate was covered by carbon tax revenues, but the carbon tax on fuel ended April 1.

In other words, Tuesday’s payment could be considered a bonus or government transfer — since it’s not being recouped from taxes collected at the pump.

For more than a month, CBC News has been asking Finance Canada, the federal department which oversees the collection of the fuel charge, to disclose the total cost of this final payment. The department declined to say how much the rebate would impact Ottawa’s bottom line.

But based on previous payouts, the total …

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