Several Canadian provinces and territories are offering their drivers a rebate to help them deal with high gas prices brought on by the war in Ukraine.
Depending on where you live, you could see as much as $500 to help you deal with rising costs of high gas prices or just general inflation.
Below you’ll find a comprehensive list of provinces that are doing something to help their residents cope with rising expenses, including what they’re doing, how to get in on it, and when you can expect to see it if that information is available.
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Save on gas without a rebate
Before we get into the details of what each province is offering, it’s important to note that these rebates won’t last forever. They are a one-time break on either gas or electricity and in some cases, they are just further investment into social services and only apply to those with low income.
They also don’t last very long. At the most, you’ll see a small savings for around 3 months and that’s dependent on whether you’re getting a direct rebate or the province is cutting their gas tax.
If you actually want to save money on gas all the time, you should look into a credit card that gives you points or cash back for your gas purchases.
American Express Cobalt
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$100 GeniusCash + Transfer points to Aeroplan and 7 other travel partners with Canada's #1 credit card.*
The best among them is a card that can chronically be found on the best credit card list – the
Here are all the benefits you get with this card:
- 5 points per $1 spent on eligible groceries and restaurants (up tp $2,500 spent per month)
- 3 points per $1 spent on eligible streaming services
- 2 points per $1 spent on eligible gas, transit, and ride share purchases
- 1 point per $1 spent on foreign currency purchases
- 1 point per $1 spent on all other purchases
As you can see, it does give you Amex Rewards points on gas, transit, and travel. Even though 2 points per $1 doesn’t seem like much, Amex Rewards points are extremely valuable and highly versatile.
For example, if you use them for travel by transferring them into Aeroplan points, they are worth $1080 on an average $2,000 monthly spend.
Overall, taking everything you can redeem for into account, including statement credits, gift cards, merchandise and the various travel opinions, your average earned rate is 4.5%, which is pretty sweet.
That being said, for all the value you are getting, you do have to pay an annual fee of $191.88.
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For cash back on gas with no annual fee, look no further than the
This card works a bit differently than the Amex, but generally, you’ll find the following benefits:
- 2% cash back on purchases in up to 3 Money-Back Categories
- 0.5% cash back on all other purchases
One of those categories can be gas and the cash back can be redeemed for either statement credit to help you pay your bill or straight-up cash to be put into a Tangerine Savings Account. If you redeem for statement credits, you’re looking at a value of $273 on an average $2,000 month spend.
No matter what, you’ll always be saving on gas purchases (just choose that category) and up to 2 other spending categories. Plus, the welcome bonus is very decent for the amount of time that you have it.
You get 10% cash back for 2 months when you spend up to $1,000.
Not too shabby.
It’s the type of value very few provinces come close to matching with their rebate, but let’s see which provinces are offering what types of gas rebates and for how long.
Quebec
At the end of March, Québec’s government announced that they will give out $500 to 6.4 million of its residents to give them a break from rising costs, including gas.
Every adult earning $100,000 or less will see a payment transfer directly into their bank account after they file their 2021 taxes. Those earning more than $100,000 a year will still receive a rebate, but it won’t be as much as $500.
B.C.
B.C.’s public auto-insurer, ICBC, is giving B.C. driver’s a one-time rebate to help offset the cost of gas in the province.
Drivers with a basic auto insurance policy with ICBC will receive $110 via direct deposit into their bank accounts or as a credit card refund in May. All other eligible clients who don’t have access to online banking or a credit card will see cheques mailed out to them in June.
Commercial drivers will receive $165 In recognition of their comparatively higher expenses.
The rebate will be a one-time thing and the NDP government of John Horgan decided to do this rather than cut gas taxes because Horgan said gas prices will just end up rising again.
Alberta
Alberta’s government announced that they will stop collecting gas tax effective April 2022 and offer their residents a $150 electricity rebate.
The provincial gas tax is equal to $0.13 per litre of gasoline and will cease being collected, as long as the West Texas Intermediate – one of the world’s global benchmarks for the price of crude oil – remains over $90 a barrel. If it drops in price, the following will happen:
- The tax will return when the WTI reaches $80 a barrel,
- from $80-$85 a barrel, it will be collected at $0.09 per litre, and
- between $85-$90 a barrel, it will be collected at 4.5 cents per litre.
The tax cut will be in effect until the next provincial budget in March 2023, but will also be reevaluated every 3 months leading up to that.
As for the electricity rebate, it will be a retroactive rebate for most families and small businesses to help you with energy costs experienced over the winter. It’s estimated that eligible families will receive a $50 monthly rebate for 3 months at an estimated total cost of $280 million reaching the hands of Albertans.
Premier Jason Kenney did announce that the electricity rebate could take a while for residents to receive as the provincial government coordinates with over 40 electricity suppliers.
Saskatchewan
In March, the Saskatchewan government announced that customers of the Saskatchewan Government Insurance (SGI) Crown corporation – which provides basic insurance for all drivers in the province – will receive a $100 rebate, as long as they have registered a vehicle and paid into the Auto Fund.
The rebate will be paid to the driver of a vehicle registered as of March 9. All classes of vehicle are eligible except for trailers and snowmobiles.
Over the next number of weeks, SGI will prepare more than 700,000 rebate cheques. SGI is advising that drivers make sure their mailing addresses are up to date so they can receive their check later this spring beginning on an exact date yet to be determined.
PEI
Prince Edward Island Premier Dennis King announced a $20 million package to help curb the costs associated with inflation and rising gas prices.
The package includes the following:
- A $150 social assistance top-up for every social assistance client,
- $500,000 to nongovernmental organizations for fuel/transportation costs,
- $3 million to the Salvation Army low-income home heating program,
- a $200 increase on the cap on senior citizen independence programs,
- public transportation passes will be subsidized so that a monthly pass costs $20 for adults and $10 for students and seniors,
- a promise to provide free transit for children in the provincial budget,
- $250,000 for PEI food banks,
- $50,000 to student unions in the form of gift cards to be distributed to the students, and
- $150,000 for a basic needs fund.
King also said that if costs continue to rise, the province may consider a modest gas rebate. For now, residents can dial 211 if they’re having trouble accessing government programs and services, including basic needs.
Yukon
Yukon’s government announced in March that it is offering residents $50 off their electricity bill for 3 months for a rebate totaling $150 ($50 a month). The rebate is expected to cost the government around $3 million.
Ontario
The Ontario government plans to introduce legislation that will cut the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre beginning on July 1.
If the legislation is passed, those in the gas business holding tax-paid inventory will be required to take stock of what they have to receive a credit towards the difference.
Your Turn
Do you live in a province offering a gas rebate? If so, will you be taking advantage? Let us know in the comments below.
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