In October 2024, the Ontario government announced a $200 rebate for people residing in Ontario. The intention of the rebate is to compensate families paying high interest rates and the federal carbon tax.
Individuals who pay tax in Ontario will each receive $200 as well as another $200 for each child in an eligible family. So, a family of five, including two adults and three children, will receive $1,000.
To be eligible people over 18 years of age as of December 31st, 2023 must have filed their 2023 Income Tax and Benefit Return by the end of 2024. Families who qualify for Canada Child Benefit (CCB) payments for 2024 will also receive the additional $200 for each eligible child under 18 years old.
For circumstances where there exists a shared custody arrangement for a child, payments will be split based on the most recent CCB information available.
For families with children who did not receive the CCB for 2024, the government will provide an opportunity for a taxpayer rebate payment of $200 per child through an alternative process.
This rebate will be mailed out in early 2025.