Final carbon rebate arrives as fuel levy ends, leaving billions unaccounted for
Canadian taxpayers are receiving their final
Canada Carbon Rebate
today (April 22 2025). The payout is being sent as the
federal carbon tax
on fuel (federal carbon tax levied on the carbon content of fossil fuels, particularly gasoline and diesel, at the pump) officially ended on April 1 2025.
The carbon tax was designed to generate revenue for Canada's economy.
A significant portion (around 90%) of the revenue generated from the fuel tax was intended to be returned to households through the
Canada
Carbon Rebate.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Neurologist: 9 Out of 10 People with Neuropathy Overlook This Key Insight
Nerve Relief
Read More
Undo
This was designed to offset the increased costs for individuals, particularly low- and middle-income families, with the government stating that most households would receive more back in rebates than they paid in the tax.
As of April 1, 2025, the federal carbon tax on fuel was eliminated. This means that consumers no longer pay this additional charge at the pump.
Live Events
Because the fuel tax has ended, the final rebate isn't being funded by current fuel tax revenue. It's essentially a payout of previously collected funds or a direct government transfer.
This "unique economic scenario" distributes money that isn't being directly recouped from the mechanism that was initially designed to fund it.
The Green Party's co-Leader, Jonathan Pedneault, while acknowledging Canadians' "entitlement" to the payment, pointed out the politically sensitive timing, labeling it a potential "Liberal gift" ahead of the election.
While the quarterly rebates were initially funded by carbon tax revenues, this final installment effectively operates as a government transfer, as no new fuel charges are being collected to cover it.
Finance Canada
has remained tight-lipped regarding the total cost of this final payout, declining repeated requests from a Canadian news outlet, CBC News, for disclosure.
Despite the end of the fuel levy, a Finance Canada spokesperson justified the continued payment as an "affordability measure," stating that Canadian families, particularly those with lower incomes, were relying on this April rebate.
While the overall cost of this final rebate remains undisclosed, Finance Canada has released the specific amounts eligible adults will receive across participating provinces.
These range from $110 in Prince Edward Island and Nova Scotia to $228 in Alberta, with a 20 per cent rural supplement for eligible recipients.
Small businesses that qualified for the Canada Carbon Rebate will still receive their reimbursements for carbon tax paid over the past year, with Finance Canada outlining plans to return $623.1 million in proceeds for the 2024-25 fuel charge year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
26 minutes ago
- Time of India
Gunmen kill at least 100 in north-central Nigeria village attack, says Amnesty
At least 100 people were killed in a brutal overnight attack by gunmen in Nigeria's north-central Benue state, Amnesty International Nigeria said Saturday. The massacre occurred between late Friday and the early hours of Saturday in the village of Yelewata, located in the Guma region of the state. The rights group, in a Facebook post, described the attack as one of the deadliest in recent months, saying "many families were locked up and burnt inside their bedrooms. So many bodies were burnt beyond recognition." Amnesty also reported that dozens of people remain missing, and hundreds have been left wounded, many without access to medical care. Shocking images and videos circulating on social media showed charred buildings, scorched bodies, and widespread destruction in the community. Udeme Edet, spokesperson for the Benue state police, confirmed that an attack had occurred in Yelewata but did not provide casualty figures. 'We are still assessing the situation on ground,' Edet said. Authorities have not identified those responsible for the killings. However, violence between herders and farmers is a persistent issue in Nigeria's Middle Belt region, often leading to deadly confrontations over land and water rights. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Such attacks are frequently blamed on Fulani herders, who graze cattle across traditional farming areas. Local farmers accuse them of destroying crops and forcibly occupying farmlands, while herders argue they are following legally designated grazing routes established under a 1965 law. The region has witnessed similar bloodshed in recent months. In May, at least 20 people were killed in Benue's Gwer West area in an attack suspected to have been carried out by herders. In April, at least 40 people died in violence in neighbouring Plateau state. Benue State Governor Hyacinth Alia has dispatched a delegation to Yelewata to support the grieving families. 'This act of terror is deeply heartbreaking. We are committed to ensuring those responsible are brought to justice,' a spokesperson from the governor's office said. Benue, often referred to as the 'food basket of the nation,' has been a flashpoint for herder-farmer clashes in recent years, contributing to a broader insecurity crisis that has gripped Nigeria's northern and central states.
Time of India
26 minutes ago
- Time of India
Dubai's housing assistance: Grants vs. loans, what citizens need to know
Dubai provides housing grants and loans to citizens for construction, renovation, and home purchases based on income and eligibility./ Image is generated by AI for illustrative and creative purposes Navigating housing support in Dubai doesn't have to be overwhelming, even though it can sometimes feel like a labyrinth. Understanding whether you're eligible for a housing grant or a housing loan is the first step toward making the right decision for your housing needs. Whether you're a first-time homebuilder, someone looking to renovate, or in need of a quick housing solution, Dubai's government, through the Mohammed bin Rashid Housing Establishment, provides various options to make homeownership and improvement more accessible. Let's cut through the jargon and break down the essential details, eligibility, benefits, and application process, so you can find the best fit for your situation. Understanding Housing Grants and Loans The Mohammed bin Rashid Housing Establishment offers two primary forms of assistance for Dubai citizens: housing grants and housing loans. Each is designed to support citizens based on their specific financial situation, family status, and housing needs. Housing Grants: These are typically aimed at low-income families, widows, divorcees with children, and people of determination (those with disabilities). Citizens who do not own property and meet the income requirements can apply for a grant. The key focus of grants is to provide financial aid for building new homes, maintaining old properties, or purchasing prefabricated housing solutions. Housing Loans: Housing loans are designed for citizens with a stable income who can repay the amount over time. These loans are intended to help with building or buying homes, as well as renovating or expanding existing properties. The loan terms depend on the applicant's financial status, and repayments are made monthly. According to the Mohammed bin Rashid Housing Establishment's mission, the goal is to provide adequate housing solutions to all eligible applicants, prioritizing low-income families and ensuring that housing developments reflect the unique cultural and social fabric of Dubai's communities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Who Is Eligible for Housing Assistance? Citizenship and income level are the primary factors in determining eligibility for housing grants or loans. Housing Grants Eligibility : Target Groups: Widows, divorcees with children, people of determination, and families with low incomes. Property Ownership: Applicants must not own property registered in their name in Dubai or any other emirates. Residency: Applicants must be Emiratis with a Dubai passport, and the property must be located within Dubai. Income: Grants are generally available for those with a monthly income below Dh15,000. Housing Loans Eligibility : Stable Income: Citizens with a steady income who can repay the loan. Age: Applicants must be 22 years or older. Employment: Applicants must be employed in either the government or private sector, or be self-employed, with proof of income. Previous Support: Applicants should not have received any previous housing support from federal or local authorities. Both grants and loans prioritize married applicants, especially those with children. However, separated or divorced individuals may apply either jointly or individually, depending on their custody arrangement, as dictated by court rulings. Financial Details and Support Amount The financial details for both grants and loans vary based on an applicant's income and housing needs. Grants are typically awarded to individuals with a monthly income below Dh15,000. The grant amount can cover costs for construction, maintenance, or ready-built homes, depending on the specific type of grant. Loans are available for citizens whose income exceeds Dh15,000. These loans can cover costs for building a home, purchasing ready-built properties, or renovating an existing home. For both options, the Mohammed bin Rashid Housing Establishment offers financial support up to Dh1 million, depending on the applicant's case assessment. Loans are repaid in monthly installments, and the full loan repayment period can extend up to a maximium of 25 years. The exact loan amount, interest rate, and repayment terms are determined based on a contract signed between the applicant and the Establishment, taking into account the applicant's income and repayment capacity. How to Apply for Housing Assistance To apply for housing support, Dubai citizens must go through a simple digital process, designed to ensure that all necessary information is gathered efficiently. Create an Account: Applicants must first create an account on the Mohammed bin Rashid Housing Establishment's official smart platform or use the Dubai Now app . Complete the Application: Applicants then fill out the online application form, uploading all required documents, such as: Emirates ID and family book Proof of income (e.g., salary certificate or bank statement) Land title deed (if applying for construction support) Court documents for divorce or custody status (if applicable) Medical reports (for people with special needs) Document Review: After submission, the application undergoes an initial review, followed by a technical and financial evaluation to assess eligibility. For those unsure about which option to apply for, the Mohammed bin Rashid Housing Establishment provides advisory support to guide applicants through the process. Types of Housing Assistance Available The Mohammed bin Rashid Housing Establishment offers a variety of grants and loans designed to meet the diverse needs of Dubai citizens at various stages of their housing journey. Common Types of Grants : Construction Grants: For citizens who own land but cannot afford to build a home. Home Maintenance Grants: For families living in old homes that need urgent repairs. Ready-Built Home Purchase Grants: For low-income families eligible to purchase ready-built homes. Replacement Grants: For demolishing and reconstructing unsafe or hazardous buildings. Common Types of Loans : Loans for Home Construction: For those wishing to build homes on owned land. Loans for Purchasing Ready-Built Homes: For citizens seeking to buy homes in Dubai. Maintenance and Expansion Loans: For developing or expanding existing homes. Demolition and Reconstruction Loans: For rebuilding unsafe or dilapidated homes. Ready-Built Home Loans: Available in limited cases for individuals needing quick housing solutions. Each type of grant or loan has specific conditions, such as repayment terms for loans and technical requirements for construction. Applicants are encouraged to carefully review the guidelines to ensure they meet all criteria. Additional Support for Sustainable Housing The Mohammed bin Rashid Housing Establishment is not only focused on providing financial assistance but also aims to promote sustainable housing solutions. Recently, the Foundation launched a training initiative aimed at educating citizens on efficient and sustainable housing construction. Participants were provided with: A comprehensive guide on housing services, construction guidelines, and smart home systems. Training on estimating construction costs, determining budgets, and designing homes that align with both family needs and financial resources. Information on the differences between building a new home versus purchasing a ready-built home. This initiative is part of the Establishment's broader effort to empower citizens with the knowledge to make informed decisions about their housing options.
Time of India
28 minutes ago
- Time of India
IIT Ropar ranked 12th among top engineering colleges in India
Ropar: The Indian Institute of Technology (IIT) Ropar has secured the 12th position in the top engineering colleges in India 2025 rankings released by the Indian Institutional Ranking Framework (IIRF). Out of over 2,500 engineering institutions assessed nationwide, IIT Ropar stood out for its strong performance in research, innovation, and academic excellence. The IIRF rankings are known for their rigorous methodology, evaluating institutions on parameters such as placement performance, teaching-learning resources, research output, industry integration, future orientation, and international outlook. IIT Ropar's placement in the top 15 highlights its growing reputation among the country's premier technology institutes. Reacting to the achievement, Prof Rajeev Ahuja, director of IIT Ropar, said, "IIT Ropar should lead in research and innovation; we have all the ingredients to become the most innovative institute in the country. We are committed to pushing boundaries, advancing research, and fostering indigenous manufacturing to reduce reliance on imports." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo The institute is actively involved in several major national-level projects, including a PAIR grant collaboration with seven other institutions, FIST projects, and the establishment of a technology development hub and a deep-tech accelerator funded by the department of science and technology (DST). IIT Ropar is also home to a Technology Business Incubation Center supporting startups and innovators in fields such as defence, semiconductors, and smart agriculture. One of its flagship initiatives, a ministry of education-supported Center of Excellence in digital agriculture, is driving AI-based solutions for precision farming and environmental sustainability. These projects are positioning the institute at the forefront of India's digital and green transformation. Key Achievements: Attracted Rs 600 crore in research funding over the past year from various government and industry sources Published 1,056 research papers in 2024, nearly double the 530 papers published in 2020 Earned a 5-star 'Eat Right Campus' rating from FSSAI, reinforcing its commitment to health and sustainability Demonstrated leadership in cutting-edge domains such as AI, quantum technology, cyber-physical systems, digital agriculture, and energy efficiency MSID:: 121850083 413 | Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
