If you live in Canada, and you’ve looked at your bank account recently, you’ll likely see that, at some point on January 15th, you received your quarterly Climate Action Incentive Payment, or what is colloquially referred to as the carbon tax rebate. Will the rebates be enough to cover what most Canadian families spend on carbon tax each year? That's the question I'll be examining in this episode of Green Neighbour. CONTENTS OF THIS PODCAST: 00:00 - Introduction to the Question 02:15 - Scenario A (Upper-Middle Income) 03:38 - Estimating Expenditures on Natural Gas 10:53 - Scenario B (Middle-Middle Income) 13:34 - Scenario C (Lower-Middle Income) 16:08: Final Analysis 17:26 - Thanks for Watching! SOCIAL MEDIA: • Web: www.green-neighbour.com • Twitter: https://twitter.com/ArtLightstone • Twitter: https://twitter.com/GreenNeighbour • TikTok: https://tiktok.com/@GreenNeighbour • Instagram: https://www.instagram.com/greenneighbour/ • LinkedIn: https://www.linkedin.com/in/artlightstone/ SOURCES: Motor fuel prices (Ontario Provincial Government): https://www.ontario.ca/motor-fuel-prices/#:~:text=The%20federal%20carbon%20tax%20is%20now%2014.31%20cents%20per%20litre Fuel consumption ratings search tool (Natural Resources Canada): https://fcr-ccc.nrcan-rncan.gc.ca/en Average Natural Gas Usage Per Month (Shrink that Footprint, 2023): https://shrinkthatfootprint.com/average-natural-gas-usage-per-month/ Average Natural Gas Usage Per Month – 2024 (Shrink that Footprint, Updated, 2024): https://shrinkthatfootprint.com/average-natural-gas-usage-per-month/ How Big is a House? (Shrink that Footprint) https://shrinkthatfootprint.com/how-big-is-a-house/ Federal Carbon Tax (Trans Gas): https://www.transgas.com/customer-central/federal-carbon-tax Federal Carbon Tax (Trans Gas): https://earth.org/carbon-tax-revenue-neutrality/ Canadians receiving first carbon tax rebate of 2024, here's when (CTV News, 2024): https://www.ctvnews.ca/politics/canadians-receiving-first-carbon-tax-rebate-of-2024-here-s-when-1.6723609 Brace yourself for surging heating bills (Canadian Taxpayers Federation, 2023) https://www.taxpayer.com/newsroom/brace-yourself-for-surging-heating-bills Canada's budget watchdog troubled by spin around latest report on carbon pricing (CBC, 2023): https://www.cbc.ca/news/politics/watchdog-spin-report-carbon-pricing-1.6805441 Gini Coefficients based on the adjusted family after-tax income, by province and territory, 2016 to 2021 (Statistics Canada, 2021): https://www150.statcan.gc.ca/n1/daily-quotidien/230809/t007b-eng.htm Tax filers and dependants with income by total income, sex and age (Statistics Canada) https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110000801 New analysis finds most Canadian households will save money in switch to electricity (Canadian Climate Institute, 2023): https://climateinstitute.ca/new-analysis-finds-most-canadian-households-will-save-money-in-switch-to-electricity ‘Great Canadian Class Study’ reveals strong belief in meritocracy despite low mobility across generations (University of Alberta, 2023): https://www.ualberta.ca/folio/2023/11/great-canadian-class-study-reveals-strong-belief-in-meritocracy.html