Carbon Tax Rebate 2024 – Climate Action Incentive Payment Date

The first disbursement of the CAI payment for the 2024 fiscal year will arrive on January 15th, 2024. This is great news for Canadians who are looking for some financial relief during the holiday season.

Carbon Tax Rebate 2024

The CAI is distributed quarterly in equal instalments, with the first payment scheduled for January 15, 2024. This initiative aims to mitigate the potential financial burden of the carbon tax policy for eligible individuals and families.

The amount you receive depends on your province of residence, family size, and income. Single adults in 2024 can expect up to $152, while couples can expect up to $244. Families with one child get $336, with an extra $68 for each additional child.

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Climate Action Incentive Payment Date

The CAI payment is distributed quarterly throughout the year, with specific dates to mark on your calendar:

  • January 15th
  • April 15th
  • July 15th
  • October 15th

If the 15th falls on a weekend or holiday, the payment is issued on the following business day. Canadians have two options for receiving their CAI payment:

  • Direct Deposit: The preferred method, offering faster and more transfer of funds directly into your bank account.
  • Cheque: Mailed to the address on file with the CRA.

Eligibility for the Carbon Tax Rebate

The eligibility for Carbon Tax rebate 2024 is as follows: 

  • Residency: Residents of Alberta, Manitoba, Ontario, Saskatchewan, New Brunswick, and Newfoundland and Labrador are eligible for the CAI payment.
  • Tax Filing: Individuals must have filed their 2023 tax return to be eligible.

CAI Payment Amount 2024

The CAI payment amount varies based on two key factors:

  • Location: Different provinces have varying baseline entitlements due to regional disparities in fuel consumption and carbon pricing.
  • Family Size: Larger families receive progressively higher amounts to account for the increased carbon footprint associated with additional household members.
Province Individual Spouse/Common-Law Child (Under 19) First Child (Single Parent) Rural Supplement
Ontario $488 $244 $122 $244 10%
Manitoba $528 $264 $132 $264 10%
Saskatchewan $680 $340 $170 $340 10%
Alberta $772 $386 $193 $386 10%
Newfoundland and Labrador (starting July 2023) $656 (quarterly) $328 (quarterly) $164 (quarterly) $328 (quarterly) N/A
Nova Scotia (starting July 2023) $496 (quarterly) $248 (quarterly) $124 (quarterly) $248 (quarterly) N/A
Prince Edward Island (starting July 2023) $480 (quarterly) $240 (quarterly) $120 (quarterly) $240 (quarterly) Included
New Brunswick (starting July 2023) $368 (quarterly) $184 (quarterly) $92 (quarterly) $184 (quarterly) N/A

How to claim your Carbon Tax Rebate 2024?

While the Climate Action Incentive (CAI), also known as the carbon tax rebate, is designed to be automatic and hassle-free, there are still steps you can take to ensure a smooth and efficient claim process.

  • File Your 2023 Tax Return: This is the most crucial step, as the CRA uses information from your tax return to determine your eligibility and calculate your rebate amount. 
  • Verify Your Direct Deposit Information: For faster and more secure delivery, opt for direct deposit. You can update your banking details through the CRA’s My Account portal or by contacting them directly. 
  • Monitor Your Mailbox: If you haven’t chosen direct deposit, your CAI payment will arrive via cheque mailed to the address on file with the CRA.
  • Understand Your Eligibility and Amount: Familiarize yourself with the CAI eligibility criteria and payment variations based on your province and family size. 

How to track the status of your Carbon Tax Rebate payment?

The ways to track your payment status are:

Access Your My Account:

My Account is your personalized online portal on the Canada Revenue Agency (CRA) website. 

  • Visit the CRA website at https://www.canada.ca/
  • Click on “My Account” in the top right corner.
  • Enter your CRA login credentials, including your social insurance number (SIN) and access code.

Once logged in, navigate to the “Benefits and Credits” section and select “Climate Action Incentive payment.” Here, you’ll find information on your payment history, including:

  • Payment amount
  • Payment date
  • Payment method (direct deposit or cheque)
  • Transaction details

Contact the CRA:

If you haven’t received your payment within five business days of the expected date or are unable to access your My Account, you can contact the CRA by phone. Here’s how:

  • Dial 1-800-959-8281.
  • Choose the “Income Tax and Benefits” option.
  • Select “General Inquiries.”
  • Explain your situation and wait for an agent to assist you.

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