Rebate eases burden for individuals

Hey there, time traveller!
This article was published 14/03/2019 (2584 days ago), so information in it may no longer be current.

This tax season, make sure you don’t miss out on the chance to put money in your pocket through the new carbon tax rebate.

Officially known as the Climate Action Incentive, the rebate is intended to give you the money you’ll pay this year through the new carbon tax on gasoline and natural gas. But most Manitobans will actually get back more than they’ve paid.

A Manitoba family of four will receive a rebate of $339 this year from the federal government — compared to an average household cost for the carbon tax of $232.

In the free tax workshops I hold, I’ve been reminding people to fill out Schedule 14, included with your income tax forms and in electronic tax software, in order to receive this money.   

In a two-parent family of four, one parent claims the credit of $170, plus $85 for their spouse and $42 for each child. In a single-parent family, the parent receives a credit of $170, plus $85 for one child and $42 for each other child. A couple would receive $150 (for the person claiming the rebate) plus $85 for the spouse.

Residents of rural communities get an extra 10 per cent added to their rebate. The size of the rebate will rise in the years ahead — and will remain more than most Canadians pay in carbon tax.

This rebate is part of the government’s plan to address climate change by reducing carbon emissions through innovation and adaptation. Providing rebates for individuals and families lifts the burden of this innovation and adaptation.