How to claim your carbon tax refund from the Canadian government

The cost of filling up your car and heating your home goes up today in Ontario, Saskatchewan, Manitoba, and New Brunswick. But because of the Climate Action Incentive, there’s a good chance residents will get more money back come tax time than they’ll have to shell out now.

Anyone that lives in the four provinces will need to claim it as part of their federal tax return. If you owe money, it will be subtracted from your tax bill. If you are getting money back, it will be added to your refund. The schedule 14 form can be found here.

The amount varies from province to province — calculated based on the kind of energy that is being used and contributing to carbon emissionsJess.

Small, remote, and rural communities get an additional 10 per cent.

The provincial rates go up around 31 per cent in 2021 and 22 per cent in 2022.

New Brunswick

A single adult or the first adult in a couple gets $128.

The second adult in a couple gets $64. Single parents also get that amount for their first child. There’s $32 for each child in the family starting with the second child for single parents. Based on this scenario, a family of four gets $256.

The average New Brunswick household is expected to get $248.

Ontario

A single adult or the first adult in a couple gets $154.

The second adult in a couple gets $77. Single parents also get that amount for their first child. There’s $38 for each child in the family starting, with the second child for single parents. Based on this scenario, a family of four gets $307.

The average Ontario household is expected to get $300

Manitoba

A single adult or the first adult in a couple gets $170.

The second adult in a couple gets $85. Single parents also get that amount for their first child. There’s $42 for each child in the family starting with the second child for single parents. Based on this scenario, a family of four gets $339.

The average Manitoba household is expected to get $336.

Saskatchewan

A single adult or the first adult in a couple gets $305.

The second adult in a couple gets $152. Single parents also get that amount for their first child. There’s $76 for each child in the family starting with the second child for single parents. Based on this scenario, a family of four gets $609.

The average Saskatchewan household is expected to get $598.

Yahoo Finance Canada