The Climate Action Tax Credit is being expanded.

Eligible B.C. families to receive Climate Credit cash boost

Climate Action Tax Credit offsets carbon taxes and is now being increased

Low and middle-income families eligible for the Climate Action Tax Credit could soon see more money in their pocket, following a new announcement from the B.C. government.

Nearly 50 per cent of B.C. families eligible for the credit will have their finances boosted as of July 5, thanks to the first of four installments of the newly expanded credit. Over the next year, families of four will receive up to $400, and this could rise to $500 in July 2021, when the credit will be worth nearly 70 per cent more than it was in 2017.

ALSO READ: Island View Nursery under quarantine after single plant found with infected spores

The tax credit is designed to offset B.C.’s carbon tax and helps low and middle-income families avoid the burden of the tax, while the Province shifts to a cleaner, greener economy. The B.C. government says the credit is part of initiatives to make life more affordable while continuing to meet their climate change goals.

In 2017 the provincial government announced an increase in the carbon tax on April 1, 2018, rising by $5 per tonne of CO2 equivalent emissions, as well as the climate action tax credit.

ALSO READ: Top 10 Climate Change myths debunked

The 2019 budget saw $223 million invested in the climate action tax credit over three years. As of July 2019, the maximum annual climate action tax credit will be increased to $154.50 per adult and to $45.50 per child. By 2021, this will rise to a maximum of $193.50 per adult and $56.50 per child. They say single-parent families will continue to receive the adult amount for the first child in the family.

To learn more about the province’s CleanBC plan visit cleanbc.gov.bc.ca.



nick.murray@peninsulanewsreview.com

Like us on Facebook and follow us on Twitter

Climate change

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Interior Health will not expand Police and Crisis Team

Southeast Division Chief Superintendent Brad Haugli asked IH to expand the program

High water and flooding hits Clearwater

Potential for roadblock on Clearwater Valley Road due to potential washouts

Tk’emlups, Simpcw First Nations chiefs call on Tiny House Warriors to leave Blue River protest camp

“The Tiny House Warriors are not from Simpcw, nor are they our guests in our territory.”

District of Barriere Utilities Manager reports to council on Barriere wells

District of Barriere Utilities Manager Ian Crosson presented a verbal report during… Continue reading

Thunder rolls and the North Thompson River is still rising

With a wet start to summer in the North Thompson area, Environment… Continue reading

VIDEO: Musqueam Chief captures captivating footage of bald eagle catching meal

‘This is why we have chosen to live here since time immemorial,’ Chief Wayne Sparrow’s nephew says

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Stop enforcing sex work laws during COVID-19, advocates say

There are provisions in Canada’s prostitution laws that make workers immune from prosecution, but not from arrest

Liberal party finished 2019 having spent $43 million, raised $42 million

All political parties had until midnight June 30 to submit their financial reports for last year

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

Most Read