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B.C. among few exceptions as carbon rebates hit bank accounts across Canada

Quarterly rebate payments vary by household size and province
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Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies. A sign at a Shell gas station displays the price of a litre of regular grade gasoline after it reached $2.28 in Vancouver on Saturday May 14, 2022. THE CANADIAN PRESS/Darryl Dyck

Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies.

The government says this is the first time all banks will label the payment as the Canada Carbon Rebate, after years of inconsistent and vague phrasing on bank statements.

The quarterly rebate will go to Canadians who filed their income tax while living in Alberta, Saskatchewan, Manitoba, Ontario, and all four Atlantic provinces.

The payments vary by household size and province, while those in rural areas get a top-up.

On Tuesday, rural residents will get a boost in their quarterly rebate, with a 20-per-cent top-up along with a retroactive 10-per-cent payment for April and July.

Economists are widely in favour of carbon pricing, arguing it is the most cost-effective way to reduce emissions, but the Liberals91裸聊视频 policy is facing pushback at the provincial and federal levels, with the Conservatives calling for a 91裸聊视频渃arbon-tax election91裸聊视频 to bring down the cost of living.

The federal NDP and some of their provincial counterparts have distanced themselves from the policy which they previously supported.

Ottawa sends the rebates to offset what people pay in carbon pricing when they buy fuel so they91裸聊视频檙e not less worse off as a result.

People who do things to lower their fuel use are even better off, because they still get the same rebate but pay less in carbon pricing.

British Columbia, Quebec and Northwest Territories have their own carbon pricing system for consumers so residents there don91裸聊视频檛 receive the federal payment. Yukon and Nunavut use the federal system but have an agreement to distribute the proceeds themselves.

The parliamentary budget officer says most Canadians get back more from the rebates than they pay.

He also says, though, that the economic impact of carbon pricing could lower wages over time, erasing that benefit for some Canadians. The government argues that climate change itself can cause economic harm if it is left unchecked.

Ottawa has been battling with banks about how the deposits are labelled since they moved to quarterly payments for the rebates in 2022.

Many Canadians were confused 91裸聊视频 or didn91裸聊视频檛 even realize they were getting a rebate 91裸聊视频 when payments showed up with vague labels like 91裸聊视频淓FT deposit from Canada,91裸聊视频 91裸聊视频淓FT Credit Canada91裸聊视频 or just 91裸聊视频渇ederal payment.91裸聊视频

Some banks previously argued the term 91裸聊视频淐anada Carbon Rebate91裸聊视频 went beyond their 15-character limit on deposit descriptions.





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