A price on pollution is not only one of the best ways to fight climate change, it also puts money back in families' pockets through a rebate payment that is sent out every three months.
Starting tomorrow, Canadians living in New Brunswick will receive the first installment of their quarterly pollution price rebate-the Climate Action Incentive payment-delivered by direct deposit or cheque. Payments to residents of New Brunswick are: $184 for a single adult, $276 for a couple, and $368 for a family of four. The double payment delivered to households starting tomorrow includes proceeds from the periods covering July to September 2023 and October to December 2023. Residents will receive a second quarterly payment worth $184 for a family of four in January 2024.
All proceeds from the federal pollution pricing system are returned to the jurisdiction of origin, and the majority of households get more back through rebates than they pay into the system, with low- and middle-income households benefitting the most.
Canadians living in Alberta, Manitoba, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan-provinces where the federal pollution pricing system applies-will also receive their fall quarterly payment on Friday, worth hundreds of dollars.
The Government of Canada is also taking significant action to support people in Atlantic Canada and across the country with the costs of home heating this winter. By helping people switch to options like an electric heat pump-especially those currently using home heating oil, the price of which is driven by volatile global market forces-homeowners can save as much as thousands of dollars per year in heating bills.
From investing in programs to help Canadians save money on monthly heating bills, to putting money back in families' pockets with the pollution price rebate, the Government of Canada is focused on making life more affordable while fighting climate change.
