The federal government is about to send some Canadians the first climate action incentive payments.
Under the federal pollution pricing system, the government puts a price on pollution in regions that do not have their own pricing system, which includes Alberta, Saskatchewan, Manitoba, and Ontario.
Prior to 2021, the federal Climate Action Incentive (CAI) was a refundable tax credit claimed annually on personal income tax returns.
This year it’s switched to quarterly installments, with the first payment being issued on July 15, 2022, and will include a retroactive amount for April 2022.
So, let’s see who may be getting some extra cash this month:
The Ontario program provides an annual credit for the following:
- $373 for an individual
- $186 for a spouse or common-law partner
- $93 per child under 19
- $186 for the first child in a single-parent family
The Alberta program provides an annual credit of:
- $539 for an individual
- $270 for a spouse or common-law partner
- $135 per child under 19
- $270 for the first child in a single-parent family
Additionally, families in rural and small communities are eligible to receive an extra 10 percent.
More details on individual and family payment amounts for 2022-23 are specified here.