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Quarterly federal carbon price rebates appear in bank accounts with vague labels

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OTTAWA — Canadians who pay the federal carbon price got a midsummer money drop today with the first half of their annual “climate action incentive” payment deposited into their bank accounts.

Prime Minister Justin Trudeau is promoting the payments in various whistle stops in the Ottawa area today, calling them a way to “bring Canadians along” in the fight against climate change without causing them financial hardship.

People who filed their 2021 tax returns in Ontario, Alberta, Manitoba and Saskatchewan received the deposits Friday, to cover half the amount they can expect to receive for the 2022-23 fiscal year.

The rest will come in quarterly payments in mid-September and mid-January.

All other provinces have their own carbon pricing systems and are not involved in the federal version.

It is the first time the carbon price cash is being sent quarterly instead of in a single lump sum hidden in tax rebates as the federal government seeks to make the payments more visible.

The success of that effort may be limited however since many Canadians saw the deposit unclearly labelled in their online accounts including as “federal payment,” “Canada Fed” and “EFT Credit Canada.” Some on social media queried what the payments were for as others shared the various ways they were labelled depending on which financial institution you bank with.

“Mine showed up as ‘Direct Deposit Federal Payment CANADA,’” tweeted Lori Hausauer of Alberta. “I like that Canada was all caps. Just in case I forget where I live, I guess.”

That confusion was even evident as Trudeau visited a family in a planned photo op in an Ottawa suburb Friday afternoon.

Reza Matin, a father of two and software test developer, welcomed Trudeau to his home, and when asked by the prime minister if they received their payment, Matin said he got notice of a deposit for $372.50 but stumbled over who the payment came from.

“It said it was from—” he said, pausing.

Trudeau filled in the answer, saying it said it was from the federal government, and then Matin agreed.

The rebates are designed to prevent families from being worse off overall due to the carbon price while still having an incentive to cut their carbon price costs by driving less, installing better furnaces or solar panels, or upgrading windows, doors and insulation.

The amounts vary by province based on the estimated carbon levy consumers will pay this year, with the annual payments for a family of four hitting $745 in Ontario, $832 in Manitoba, $1,079 in Alberta and $1,101 in Saskatchewan.

The payments in Saskatchewan and Alberta are higher mainly because they rely mostly on natural gas and coal for electricity while Ontario draws most of its power from nuclear and hydro, and Manitoba almost entirely from hydro.

The carbon levy applies to fossil fuels but not energy sources that are low or non-emitting.

Environment Minister Steven Guilbeault says the rebates cover more than the added cost of the levy for about eight in 10 Canadian families.

The carbon price is now $50 per tonne of emissions produced, which adds 11 cents to a litre of gasoline, 13 cents to a litre of diesel and 10 cents to a cubic metre of natural gas.

The federal government expects to return more than $7 billion to Canadians from the carbon levy this year.

The levy will increase by $15 a tonne each year through to 2030, adding another 3.3 cents to a litre of gas annually.

This report by The Canadian Press was first published July 15, 2022.

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This story was produced with the financial assistance of the Meta and Canadian Press News Fellowship.

 

Mia Rabson and Erika Ibrahim, The Canadian Press

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.



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Promise tracker: What the Saskatchewan Party and NDP pledge to do if they win Oct. 28

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REGINA – Saskatchewan’s provincial election is on Oct. 28. Here’s a look at some of the campaign promises made by the two major parties:

Saskatchewan Party

— Continue withholding federal carbon levy payments to Ottawa on natural gas until the end of 2025.

— Reduce personal income tax rates over four years; a family of four would save $3,400.

— Double the Active Families Benefit to $300 per child per year and the benefit for children with disabilities to $400 a year.

— Direct all school divisions to ban “biological boys” from girls’ change rooms in schools.

— Increase the First-Time Homebuyers Tax Credit to $15,000 from $10,000.

— Reintroduce the Home Renovation Tax Credit, allowing homeowners to claim up to $4,000 in renovation costs on their income taxes; seniors could claim up to $5,000.

— Extend coverage for insulin pumps and diabetes supplies to seniors and young adults

— Provide a 50 per cent refundable tax credit — up to $10,000 — to help cover the cost of a first fertility treatment.

— Hire 100 new municipal officers and 70 more officers with the Saskatchewan Marshals Service.

— Amend legislation to provide police with more authority to address intoxication, vandalism and disturbances on public property.

— Platform cost of $1.2 billion, with deficits in the first three years and a small surplus in 2027.

NDP

— Pause the 15-cent-a-litre gas tax for six months, saving an average family about $350.

— Remove the provincial sales tax from children’s clothes and ready-to-eat grocery items like rotisserie chickens and granola bars.

— Pass legislation to limit how often and how much landlords can raise rent.

— Repeal the law that requires parental consent when children under 16 want to change their names or pronouns at school.

— Launch a provincewide school nutrition program.

— Build more schools and reduce classroom sizes.

— Hire 800 front-line health-care workers in areas most in need.

— Launch an accountability commission to investigate cost overruns for government projects.

— Scrap the marshals service.

— Hire 100 Mounties and expand detox services.

— Platform cost of $3.5 billion, with small deficits in the first three years and a small surplus in the fourth year.

This report by The Canadian Press was first published Oct .17, 2024.

The Canadian Press. All rights reserved.



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Bad weather forecast for B.C. election day as record numbers vote in advance polls

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VANCOUVER – More than a million British Columbians have already cast their provincial election ballots, smashing the advance voting record ahead of what weather forecasters say will be a rain-drenched election day in much of B.C., with snow also predicted for the north.

Elections BC said Thursday that 1,001,331 people had cast ballots in six days of advance voting, easily breaking a record set during the pandemic election four years ago.

More than 28 per cent of all registered electors have voted, potentially putting the province on track for a big final turnout on Saturday.

“It reflects what I believe, which is this election is critically important for the future of our province,” New Democrat Leader David Eby said Thursday at a news conference in Vancouver. “I understand why British Columbians are out in numbers. We haven’t seen questions like this on the ballot in a generation.”

He said voters are faced with the choice of supporting his party’s plans to improve affordability, public health care and education, while the B.C. Conservatives, led by John Rustad, are proposing to cut services and are fielding candidates who support conspiracy theories about the COVID-19 pandemic and espouse racist views.

Rustad held no public availabilities on Thursday.

Elections BC said the record advance vote tally includes about 223,000 people who voted on the final day of advance voting Wednesday, the last day of advance polls, shattering the one-day record set on Tuesday by more than 40,000 votes.

The previous record for advance voting in a B.C. election was set in 2020 amid the COVID-19 pandemic, when about 670,000 people voted early, representing about 19 per cent of registered voters.

Some ridings have now seen turnout of more than 35 per cent, including in NDP Leader David Eby’s Vancouver-Point Grey riding where 36.5 per cent of all electors have voted.

There has also been big turnout in some Vancouver Island ridings, including Oak Bay-Gordon Head, where 39 per cent of electors have voted, and Victoria-Beacon Hill, where Green Party Leader Sonia Furstenau is running, with 37.2 per cent.

Advance voter turnout in Rustad’s riding of Nechako Lakes was 30.5 per cent.

Total turnout in 2020 was 54 per cent, down from about 61 per cent in 2017.

Stewart Prest, a political science lecturer at the University of British Columbia, said many factors are at play in the advance voter turnout.

“If you have an early option, if you have an option where there are fewer crowds, fewer lineups that you have to deal with, then that’s going to be a much more desirable option,” said Prest.

“So, having the possibility of voting across multiple advanced voting days is something that more people are looking to as a way to avoid last-minute lineups or heavy weather.”

Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada said the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

Eby said the forecast of an atmospheric weather storm on election day will become a “ballot question” for some voters who are concerned about the approaches the parties have towards addressing climate change.

But he said he is confident people will not let the storm deter them from voting.

“I know British Columbians are tough and they’re not going to let even an atmospheric river stop them from voting,” said Eby.

In northern B.C., heavy snow is in the forecast starting Friday and through to Saturday for areas along the Yukon boundary.

Elections BC said it will focus on ensuring it is prepared for bad weather, said Andrew Watson, senior director of communications.

“We’ve also been working with BC Hydro to make sure that they’re aware of all of our voting place locations so that they can respond quickly if there are any power outages,” he said.

Elections BC also has paper backups for all of its systems in case there is a power outage, forcing them to go through manual procedures, Watson said.

Prest said the dramatic downfall of the Official Opposition BC United Party just before the start of the campaign and voter frustration could also be contributing to the record size of the advance vote.

It’s too early to say if the province is experiencing a “renewed enthusiasm for voting,” he said.

“As a political scientist, I think it would be a good thing to see, but I’m not ready to conclude that’s what we are seeing just yet,” he said, adding, “this is one of the storylines to watch come Saturday.”

Overall turnout in B.C. elections has generally been dwindling compared with the 71.5 per cent turnout for the 1996 vote.

Adam Olsen, Green Party campaign chair, said the advance voting turnout indicates people are much more engaged in the campaign than they were in the weeks leading up to the start of the campaign in September.

“All we know so far is that people are excited to go out and vote early,” he said. “The real question will be does that voter turnout stay up throughout election night?”

This report by The Canadian Press was first published Oct. 17, 2024.

Note to readers: This is a corrected story. An earlier version said more than 180,000 voters cast their votes on Wednesday.



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