Posted by & filed under Personal Tax.

Description:   If you live in Ontario, New Brunswick, Manitoba or Saskatchewan, listen up. Because these four provinces have a federal carbon tax imposed, citizens are eligible for a tax rebate. In Ontario, the amount is estimated at around $300 for a family of four. The carbon tax does not actually start until 1 April 2019, but apparently the government would like you to have a few bucks in your pocket to offset the tax when it becomes effective. There’s only one rebate per household.

Date:  March 6, 2019

Source:  cbc.ca

Link: https://www.cbc.ca/news/canada/kitchener-waterloo/carbon-tax-pricing-ontario-federal-1.5043558

Discussion points:  

1) Were you aware of this new tax credit?

2) Have you checked the link in the article to see if you qualify for the extra 10% supplement for the rural and small communities supplement?

3) See page 57 of Wiley’s Financial Accounting: Tools for Business Decision-Making.  What kind of a “user” of financial information is the Canada Revenue Agency?

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