London – Building fairness for every generation means combatting pollution and the devastating and costly impacts of the climate crisis while making everyday life more affordable for Canadians. Canada’s approach to pricing carbon pollution achieves both.
Steven Guilbeault, Minister of Environment and Climate Change, was at Pizza Quest in London, Ontario, to highlight that today is the final opportunity for eligible small businesses in provinces with the federal pollution pricing system to file their tax returns to benefit from the retroactive payment of the Canada Carbon Rebate for Small Businesses.
The Canada Carbon Rebate for Small Businesses is a new measure that will return $2.5 billion from the revenue collected from the price on carbon pollution between 2019–2020 and 2023–2024 through an automatic refundable tax credit to an estimated 600,000 small businesses that operate in provinces where the pollution pricing system applies.
Also, as of today, July 15th, households in provinces that use the federal pollution pricing system will receive their latest quarterly Canada Carbon Rebate payment for individuals, putting more money back into Canadians’ pockets. In jurisdictions where the federal carbon pricing system is in place, eight out of 10 households get back more money through these rebates than they pay. All direct proceeds collected are returned to the province or territory in which they were collected. The federal carbon pricing system helps cut pollution while supporting household budgets.
A family of four in these provinces receives the following every three months:
- Alberta: $450
- Saskatchewan: $376
- Manitoba: $300
- Ontario: $280
- New Brunswick: $190
- Prince Edward Island: $220
- Nova Scotia: $206
- Newfoundland and Labrador: $298
To further recognize rural Canadians’ higher energy needs and more limited access to cleaner transportation options, the government doubled the rural supplement available for households in rural areas and smaller communities from 10 percent to 20 percent of their base Canada Carbon Rebate amount.
To estimate their potential rebate, eligible residents can use the Canada Carbon Rebate estimator tool for individuals. Carbon pollution pricing is the cornerstone of Canada’s comprehensive plan to lower emissions and build a more sustainable and prosperous future for all Canadians.
“Pricing pollution works. It is the most cost-effective and proven way to cut emissions, while all revenues are returned to Canadians. The impacts of climate change aren’t pausing, and we can’t afford to, either. The Canada Carbon Rebate puts more money in your pocket every three months. It means Canadians have extra cash on hand for groceries, rent, and the things that matter. This is what climate action is all about—supporting the middle class while leaving a better world for future generations.” – Steven Guilbeault, Minister of Environment and Climate Change
“Small and medium-sized businesses are Canada’s economic engine, employing nearly two thirds of all Canadian workers. We are empowering our entrepreneurs to scale-up their ideas, grow their businesses, and create good, sustainable jobs, by delivering the tools they need to succeed—like the Canada Carbon Rebate. When carbon pollution pricing is done right, all Canadians—including entrepreneurs and businesses—benefit.” – Chrystia Freeland, Minister of Finance