Yukoners will start receiving their carbon price rebates on October 31, 2019.
Yukoners are automatically eligible for a rebate if they filed a 2018 Yukon income tax return, and will receive $43 each. The Canada Revenue Agency will issue payments by direct deposit or cheque.
Families receive their rebate as a combined payment per household. For married and common-law partners, a combined rebate will be paid to the person who filed their 2018 tax return first. Yukoners with dependent children will receive a payment that includes a rebate for each child.
Yukoners will receive their second rebate payment of $43 on April 30, 2020. Minister Silver announced today that the quarterly rebate beginning in July 2020 will be $48. Yukoners living outside of Whitehorse will receive an additional supplement of 10 per cent, or $4.80 for a total quarterly payment of $52.80.
Rebate payments will increase with the federal price on pollution. The rebate will return proportionally more, on average, than individuals pay in carbon pricing levies.
We are delivering on our commitment to return all carbon pricing revenues to Yukoners. Our made-in-Yukon carbon rebate is designed to be revenue neutral and returns more money on average than Yukoners pay in levies. It supports us all to make choices for a greener future for our territory.
Premier and Minister of Finance Sandy Silver
The Government of Yukon carbon price rebate is the result of significant discussions with Yukoners, governments and industry over the last two years. It also meets Yukon’s commitments under the Pan-Canadian Framework on Clean Growth and Climate Change.
Yukon individuals, businesses, First Nations governments and municipal governments will receive a Government of Yukon carbon price rebate.
Rebates to Yukon businesses will be issued as a refundable income tax credit with their 2019 tax return. The credit will be based on a weighting of assets and will support investments in green technology and equipment.
Producing placer and quartz mining operations can apply to the Government of Yukon for their rebate. Application forms will be available by January 1, 2020 for the 2019 calendar year.
Rebates to Yukon First Nations governments will begin on March 31, 2020 and be issued as an annual payment.
Rebates to municipal governments will begin on April 1, 2020 and be issued as an annual payment.
Matthew Cameron
Cabinet Communications
867-393-7136
matthew.cameron@gov.yk.ca
Erin Loxam
Communications, Finance
867-336-1500
erin.loxam@gov.yk.ca