Ottawa, eastern Ontario residents surprised by carbon tax rebate cheque from the federal government
Residents of Ottawa and eastern Ontario checking their bank accounts Friday were surprised to see a payment from the Canada Revenue Agency.
For some, it was hundreds of dollars and it is the first payment of the federal government's carbon tax rebate.
"It's nice to have, helps pay for the groceries and driving the car around," said Ottawa resident Reg Woods, who’s rebate was directly deposited into his bank account.
"When I do gas up at $1.80 or a $1.90 it's nice to know I've received that money back."
The climate action incentive is a rebate payment on the carbon tax from the federal government paid to residents in four provinces. including Ontario.
The payment is based on the number of family members in your household.
For example, a family of four would receive $373 for the first adult, $186 for the second, and $93 for each child – per year.
The money will be paid on a quarterly basis as of this year, starting with a double payment in July to cover payments for April and July.
"Noticed an amount in our account for $279.50," said Woods.
“And then I get another two payments of $139 dollars each over the next six months."
The federal government says it aims to make sure most households get more money back than they pay in tax but the Canadian Taxpayers Federation calls it magic math.
"Canadians do need relief from this inflation but the government is pulling a fast one on Canadians. They'd save more money if the government just scraped it's carbon tax," said Franco Terrazzano, federal director of the Canadian Taxpayers Federation. "The parliamentary budget officer’s own numbers show that the carbon tax is going to cost more than the rebates."
The ford government spent $30 million to fight the federal carbon tax, but it lost the battle at the Supreme Court of Canada.
With inflation soaring, those getting the cheque say every bit helps.
"Comes in handy," said Woods.
CTVNews.ca Top Stories
BREAKING Honda to get up to $5B in govt help for EV battery, assembly plants
Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.
BREAKING New York appeals court overturns Harvey Weinstein's 2020 rape conviction from landmark #MeToo trial
New York’s highest court on Thursday overturned Harvey Weinstein’s 2020 rape conviction, finding the judge at the landmark #MeToo trial prejudiced the ex-movie mogul with improper rulings, including a decision to let women testify about allegations that weren’t part of the case.
1 arrested in northern Alberta during public shelter order
Residents of John D'Or Prairie, a community on the Little Red River Cree Nation in northern Alberta, were told to take shelter Thursday morning during a police operation.
Secret $70M Lotto Max winners break their silence
During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.
Remains from a mother-daughter cold case were found nearly 24 years later, after a deathbed confession from the suspect
A West Virginia father is getting some sense of closure after authorities found the remains of his young daughter and her mother following a deathbed confession from the man believed to have fatally shot them nearly two decades ago.
Monthly earnings rise, payroll employment falls: jobs report
The number of vacant jobs in Canada increased in February, while monthly payroll employment decreased in food services, manufacturing, and retail trade, among other sectors.
First in Canada procedure performed at London, Ont. hospital
A London man has become the first person in Canada to receive a robotic assisted surgery on his spine. Dave Myeh suffered from debilitating, chronic back pain that led to sciatica in his right now and extreme pain in his lower back.
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.