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

Just Posted

School District 82’s first week of in-person class is in the books

First classes held since schools closed March 17 due to COVID-19 pandemic

Skeena Valley Farmers Market looks to reopen

Market switched to online format earlier this year in response to pandemic

Two per cent hotel tax coming to Terrace and Thornhill

Tax comes into effect on Sept. 1, will support Kermodei Tourism

‘Busier than we’ve ever seen’: Mountain biking around Terrace jumps

Terrace Off Road Cycling Association opened new trails on June 2

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

Facing changes together: your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read