The Ontario Rebate Cheque initiative is the result of Ontario government commitment to support its residents during economic challenges like higher federal carbon tax and high interest rates. This rebate will assist families in early 2025 and the relief will not be means-tested.
This rebate will provide $200 for each qualifying adult who meets age, residency, and tax filing. Additionally, qualifying families can also receive extra $200 for each eligible child under 18. If parents share custody of the child, then they both will receive an extra $100 on the behalf of their child.
Ontario Rebate Cheque
The Ontario Rebate Cheque is the financial relief one time payment which is announced by the Ontario government to support its residents. This relief is available for those families who are facing higher federal carbon tax and high interest rates. The eligibility criteria of this rebate is based on individuals age, residency, tax filing, status, etc.
This benefit will be provided to all Ontario residents who are adults, they have filed their 2023 tax return and benefits returns by 31 December 2024. The amount of this Ontario Rebate is $200 for each and individuals with children under 18 will receive additional $200 for each.
Ontario Taxpayer Rebate Date
The exact payment date of Ontario Taxpayer Rebate is unknown but qualifying individuals will start receiving their cheques from early 2025. You can receive this payment without any means test, it means all qualifying residents of Ontario will receive this payment regardless of their income level.
The cheques will be shared through a mailing method and delivery of these cheques can take longer time than expected so be patient. Otherwise, you can call ServiceOntario at 1-833-351-0409 or 1-888-821-9056 for the teletypewriter to ask about rebate status. If you are connected with the official website then you can receive recent updates about this rebate.
Ontario Taxpayer Rebate Cheque Amount & Purpose
The Ontario Taxpayer Rebate Cheque amount is set at $200 per adult by the Ontario government and families of qualifying children under 18 will also receive additional $200 for each. For example, families with two adults and four children under 18 will receive $1,200 while families with two adults and two children under 18 will receive $800 in 2025.
The child with shared custody will also be eligible but the rebate amount will be provided to both parents in two equal portions of $100. The main purpose behind this rebate cheque is to provide financial support for Ontario residents to manage inflation, higher interest rates, and federal carbon tax.
During the challenging economic times, this relief will be helpful for economic growth resulting in the boost of consumer spending. The initiative of this rebate payment will also be a good sign of government commitment to support its residents during economic downstrains. The financial burden of a household can be reduced after receiving this cheque.
Ontario Rebate Cheque Eligibility Criteria
The eligibility criteria of Ontario Rebate Cheque is crucial to know if you are interested and seeking financial relief that reduces your expenses burden of higher federal carbon tax and high interest rates.
- Individuals have to be a primary resident of Ontario and physically present in Ontario by 31 December 2024.
- Individuals must be 18 or over by the end of 2023 and families can get extra relief if they have children under 18.
- Families must receive Canada Child Benefit (CCB) for 2024 on the behalf of their qualifying child.
- If parents share the custody of the child then the rebate of the child will be split in two equal portions.
- Individuals who have filed their 2023 taxes and their benefit returns by 31 December 2024 will also qualify for this rebate.
- Individuals who are bankrupt or incarcerated in 2024 are not eligible for the rebate.
How can you receive the Ontario Rebate Cheque?
The main requirement to receive this payment is that you must have filed your 2023 taxes and benefits return by 31st December 2024. You don’t have to provide additional information or you don’t need to take any action to get this rebate. The government will use the same information to verify your eligibility that you have put in your 2023 tax return.
If you think you have to update some of your 2023 information then you must do it before the end of 2024 because the rebate will arrive from early 2025. Individuals who have not filed their 2023 tax return and they want to get this rebate have to file taxes before 31 December 2024 otherwise they will not receive this financial relief.