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Carbon Tax

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Carbon Tax Money Coming To Ontario Pockets

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Residents in Ontario will likely notice a deposit of cash into their bank accounts, it’s part of a new climate incentive program.

The Climate Action Incentive Payment will start as of July 15.

Ontario families of four can expect to receive a payment of $745; with those living in rural and small communities are eligible for an extra 10 per cent.

The payments will then follow a quarterly payment structure, with the first payment will be a “doubled-up” payment, with the next one coming through in October 2022 and then again in January 2023. Previously, this payment was a lump sum on annual tax returns.

Payments are tax-free, and won’t be counted as income on your tax return.

The Ontario program provides an annual credit of :

  • $373 for an individual
  • $186 for a spouse or common-law partner
  • $93 per child under 19
  • $186 for the first child in a single-parent family

Those living outside of the Census Metropolitan Area (the purple zone) are eligible for an additional 10 per cent

Full details of the incentive program can be read here.

The money comes from “regulatory fee or tax levied on the carbon content of fuels at the Canadian provincial, territorial or federal level“.

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Carbon Tax Rises Again Today

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Already high gas prices might be going even higher.

A carbon tax increase will go into effect today.

Kenora MP Eric Melillo says the carbon tax is significant.

“Eleven cents a litre on fuel…in the last couple of weeks, I’ve been and our party (Conservatives) been calling for the government to put a pause on the Carbon Tax increase this year, given the fact the cost of living is so expensive across our region and across the country,” states Melillo.

Melillo says the Conservatives have suggested ways to make the cost of gas less expensive.

“We’ve been calling for the government to reduce the GST that’s is paid on fuel. We’re hoping the upcoming budget doesn’t include any new tax hikes. So we’ve been trying to bring forward some suggestions for the government to take in order to keep taxes low, and we’re not hitting Canadians with an even higher cost of living.”

The next federal budget will be brought down on April 7.

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More $$$ From The Carbon Rebate

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Canadians will be seeing more money coming in from their carbon rebate.

Carbon price rebate cheques will be hitting bank accounts four times this year, versus the normal lump sum that gets wrapped up together at tax time.

In Ontario, residents will see a 66 per cent increase to the rebate that’s because it’s making up for payments that were too small the past two years.

A family of four can expect that payments would be around $745 in Ontario.

It was calculated that the Feds received more than $4.2 billion in carbon levies on consumers and small businesses in 2020.

Close to $500 million in revenue was handed down to small businesses and non-profits to make energy efficient changes.

The first rebate comes out July 15th and will be a “double payment” that is retroactive to the start of the new fiscal year.

Remaining payments will happen quarterly starting in October 2022 and January 2023 before restarting the next fiscal with the first payment in April 2023.

More details about the rebate can be found here.

 

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Gas Pump Stickers “Unconstitutional”

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Stickers explaining the impact of the federal carbon tax have been ruled unconstitutional.

An Ontario Superior Court Judge issued the decision Friday in a case brought forward by the Canadian Civil Liberties Association.

The Association argued the stickers the province ordered on gas pumps were political messaging.

The Court agreed, stating the government can’t regulate a sticker designed to “stick it to’ another level of government.

The court has given stations the option of keeping or removing the stickers.

(Photo: www.ontario.ca)

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Warning Issued About Carbon Tax Increases

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The Canadian Taxpayers Federation says it wouldn’t be surprised to hear if the federal carbon tax continues to rise.

Environment Minister Catherine McKenna has suggested the tax may continue to go up but only until 2022.

Federation Spokesperson Paige MacPherson disagrees, noting the country still has a long way to go to reach Paris Accord climate change commitments.

MacPherson says the government has even stated the tax will have to increase to reach their final target.

She notes “it’s unfortunate that the government won’t come clean and just admit that their carbon tax will keep going up and up and up.”

MacPherson says with an election coming up, there needs to be a concise outline of the carbon tax and any costs that will impact taxpayers in the future.

MacPherson also questions why the federal government is now asking for input from the provinces, when initially it was a top-down approach, with some getting a carbon tax imposed on them by Ottawa.

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Carbon Tax Going To Supreme Court

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The Ford government wants the Supreme Court of Canada to rule on the federal carbon tax.

It has filed an appeal to the high court after the Ontario Court of Appeal ruled the carbon tax is legal under the constitution.

Environment Minister Jeff Yurek says it violates the constitution since it allows the federal government to infringe provincial territory.

 

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Carbon Tax Hitting Gas Bills

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The Ontario Energy Board is giving Enbridge the right to start collecting the federal carbon tax on your gas bill.

It will amount to just under 4 cents for every cubic metres of gas used and will be shown as a separate line item.

Enbridge, which recently merged with Union Gas, estimates the average homeowner in northwestern Ontario will pay $86 more over a year.

The money is collected by the gas company, and forwarded directly to the federal government.