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

Just Posted

Extensive vandalism closes Fernie Aquatic Centre

Windows broken, bike jumps flipped, dirt jumps damaged

Fernie Half Marathon sprints into greatness

The Fernie Half Marathon, 3-Runner Relay and 10k kicked off under blue… Continue reading

Vehicle incident temporarily closes Hwy 3 east of Sparwood

This afternoon at approximately 4 p.m., DriveBC reported that Highway 3 was… Continue reading

Man caught throwing away election signs in Fernie, ordered to put them back

Man told RCMP he had ‘no faith in government’

Climate change, worker shortages, more addressed at Sparwood election forum

The Sparwood all-candidates forum was thought provoking and challenged candidates to dig… Continue reading

B.C.’s rural paramedic program expands, with home support

Advanced care ambulance staff added for six communities

BC Ferries sees steady traffic of post-Thanksgiving weekend travellers

Ferries filling up fast, sailing waits at some terminals

‘Save the kids!’ Dorian survivor tells the harrowing story of his Canadian wife’s death

Family held a funeral and placed Alishia Liolli’s remains in a niche at a cemetery in Windsor, Ont.

Okanagan woman, 91, votes at advance polls despite broken hip, shoulder and wrist

Angela Maynard has voted in almost every election during her lifetime

Heiltsuk Nation open first Big House in 120 years in northern B.C.

Opening means the community now has an appropriate space for spiritual and ceremonial events

Singh says NDP would form coalition with the Liberals to stop Tories

Singh was in a Liberal-held riding Sunday afternoon in Surrey where he was pressed about his post-election intentions

‘My heart goes out to the mother’: B.C. dad reacts to stabbing death of Ontario boy

Carson Crimeni, who was also 14, was bullied relentlessly, his dad says

BC Ferries filling up fast with post-Thanksgiving weekend travellers

Monday anticipated to be busiest day of the weekend

‘Wham-bam out the door’: Surrey man’s front yard left ruined by scamming landscaper

Resident warns neighbours to be careful of door-to-door salesmen

Most Read