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
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?