Hundreds of dollars in carbon tax rebates delivered to Albertans on Friday
CTV
Some Albertans woke up Friday to hundreds of extra dollars in their bank accounts.
Some Albertans woke up Friday to hundreds of extra dollars in their bank accounts.
The cash is the first instalment of the climate action incentive payment (CAIP), a tax-free payment meant to offset the cost of Canada's carbon pollution pricing in provinces that do not have their own carbon tax program.
Alberta households of four should have received a total of $539 between two adults and two children, while single adults should have received $269.50. A second adult in a couple should have received $135.
Previously, the rebate was paid out on an annual basis, claimed as a refundable credit.
July marks the start of it being paid quarterly, with a first "double-up" payment to reflect the first two quarters.
Going forward, the quarterly payments in October and January will be half the amount paid in July.
The amounts also differ from those dispersed in Ontario, Manitoba and Saskatchewan, the other provinces that do not have their own carbon tax programs, although the amounts paid to Saskatchewan residents is very similar.
