Carbon tax rebates start flowing into Alberta bank accounts - Action News
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Carbon tax rebates start flowing into Alberta bank accounts

If you happen to notice a bit of a boost in your bank account today it could be because you are eligible to receive the new carbon tax rebate now underway.

Eligible Albertans who do not have direct deposit for their taxes to receive payment by mail

Carbon tax rebates begin landing in Alberta bank accounts and mailboxes

8 years ago
Duration 0:39
If you happen to notice a bit of a boost in your bank account today it could be because you are eligible to receive the new carbon tax rebate now underway.

The Alberta government is trying to take the sting out of the carbon tax, andsays help is already arriving.

Households that qualify for a rebate on the new $20 per tonne carbon levythat came into effect Jan. 1 started receiving paymentstoday from the Canada Revenue Agency (CRA).

Deputy Premier Sarah Hoffman said many Albertanshave been surprised they didn't have to do anything in order to start receiving them they just had to file their 2015 taxes.

Shehelda press conference atthe home of an Edmontonfamily who were among the first to receive a rebate.

Sean Collins and Rene Beaulac from Edmonton sit with their son, Bo, and Deputy Premier Sarah Hoffman after a press conferernce to mark the first day of carbon tax rebates. (Government of Alberta)

Those who use direct deposit on their taxes should have received their first payment Thursday, but those who get a cheque in the mail after filing taxes should start receiving rebates in the mail as early as next week.

Some to receive multiple payments

According to the province, 60 per cent of households in Alberta will receive the full benefit of its carbon tax rebate program, and 66 per cent will receive at least a partial rebate.

Single adults earning below $47,500 will receive a $200 rebate in 2017. That amount decreases as incomes rise people earning $51,250 or more will receive no rebate.

For families, including couples with no children, the rebate starts at $300 and can go as high as $420 for a couple with four kids or a single parent with five kids.

Families with combined net incomes below $95,000 qualify for the full amount, dropping to zero as household incomes reach $100,000 for a couple, $101,500 for a couple with two kidsand $103,000 for a couple with four kids.

The rebate will come in multiple payments throughout the year, and the more you get, the more payments there will be.

  • $400 or more delivered in fourpayments in January,April, July andOctober.
  • $200-$399 delivered in twopayments in January andJuly.
  • $100-$199 delivered in onepayment in January.

A government spokesmansays those who were laid off last year will get their first payment in July if they file their taxes this spring.

Other rebate initiatives to start soon

For others paying the carbon tax with no rebate, Hoffman saysthere is stillan opportunity for them to help green Alberta'sgrid and save moneywhile doing their part to reduce energy consumption.

Home energy efficiency grants or incentives will be available in the spring, but littledetailhasbeen released so far.

The province is promising to helpmake people's homes warmer and more efficient, and use less energy in the future byupgrading with items likedouble-pane windows or an energy-efficient furnace. Other examples include:

  • Free installation of residential efficiency products like lighting, water fixtures, heating components.
  • Rebates for efficient appliances, lighting and insulation for homes.
  • Incentives for high-efficiency retrofits of lighting, heating, cooling andhot water systems for businesses, non-profits and institutions such as schools.

The province launched the Energy Efficiency Alberta agency last year, which will be in charge of delivering programs to homes, businesses and communities as the NDP's Climate Leadership Planis rolled out.

Find out more about rebates and where money from the carbon tax will be invested into on the Alberta government's website.Questions onthe rebate payments are being directed to the CRA, whichis administering the program on the province's behalf.