The last carbon rebate is coming. How much will Canadians get? – National [Video]

Canadians will receive the last carbon rebate later this month as the federal consumer carbon price comes to an end Tuesday.

The final Canada Carbon Rebate (CCR) payments will roll out starting April 22 to Canadians in eight provinces: Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan.

“There will be no further quarterly CCR payments after the April payment,” the Canada Revenue Agency (CRA) says on its website.

The CRA is advising Canadians to file their 2024 income tax and benefit return electronically no later than Wednesday to get the payment in April.

“If you file after that, you will receive your final payment once your 2024 return is assessed,” the agency states.

The Canada Carbon Rebate is a quarterly tax-free payment meant to help eligible individuals and families offset the cost of the federal consumer carbon price, returning 90 per cent of the revenue collected by Ottawa from the federal carbon price levied to households.