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

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Quarterly federal carbon price rebates appear in bank accounts with vague labels
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Many Canadians saw the deposit unclearly labelled in their online accounts including as \u0027federal payment,\u0027 \u0027Canada Fed\u0027 and \u0027EFT Credit Canada.\u0027

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.

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.

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

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

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