Mississauga, Brampton, Hamilton residents to get 66% increase in carbon-price rebates
Published March 24, 2022 at 12:32 pm
OTTAWA — The value of carbon-price rebate cheques from the federal government for Mississauga, Brampton, Hamilton and all of Ontario will jump more than 66 per cent this year, to make up for too-small rebates the last two years.
The second annual report on federal carbon pricing, which was tabled in the House of Commons this week, shows Canada collected more than $4.2 billion in carbon pricing on consumers and small businesses in 2020-21.
Nearly $4.1 billion was returned in rebates, but for the second year in a row the cheques in Ontario and Manitoba fell shy of the requirement that 90 per cent of revenues collected be returned to the province where they were paid.
In Alberta and Saskatchewan, the only other provinces in the federal carbon-pricing system, rebates exceeded that target.
So this year, as the carbon price rises another $10 to be $50 per tonne of emissions produced, Ontario and Manitoba families will see a bigger jump in their rebate cheques than expected.
The rebates are also going to be paid quarterly in 2022 for the first time, rather than a single lump sum payment issued with tax returns.
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