Pump prices are expected to increase by 37.57 cents a litre by 2030 as the carbon tax rises...
To compensate for the cost-of-living increase, the government said it will continue to return most of the money collected by this program through rebates.
Under the current system, the money is returned to individuals and families annually through the 'Climate Action incentive payment' when they file tax returns. Starting in 2022, the carbon pollution rebate payments will be distributed on a quarterly basis.
The average family of four in Ontario will collect roughly $2,018 a year in climate rebates by 2030.
The cheques will be higher in provinces like Alberta and Saskatchewan — $3,242 for a family of four in Alberta and $3,829 for a similar family in Saskatchewan — because the people in those provinces generate more carbon emissions per capita.