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

Snowfall warning continues for parts of B.C.’s Interior

First significant snowfall of the season prompts Environment Canada warning

Coastal GasLink receives first delivery of pipe sections

Company expects to begin welding and pipe laying in 2020

Christmas lights burned out? Recycle them

This time of year, residents in Burns Lake are unboxing their Christmas… Continue reading

It’s ski time in Burns Lake

Volunteers have been working non-stop on the G2 and has set tracks… Continue reading

Petition calls for appeal of Luke Strimbold’s sentence for sex assault

Prosecution service says the former Burns Lake mayor’s case is under review

VIDEO: Boys help rescue Cariboo bear cub

The cub, weighing just 24lbs, has been taken to wildlife sanctuary in Northwest B.C. for the winter

‘Things haven’t changed enough:’ Ecole Polytechnique anniversary prompts reflection

Fourteen women were fatally shot by a gunman at the Montreal school on Dec. 6, 1989

Bear raids freezer, gorges on Island family’s Christmas baking

Hungry bruin virtually ignored meat and fish, focused, instead, on the sweets

B.C. pharmaceutical company’s stocks double in value after successful lupus drug trial

More than 40 per cent of patients using voclosporin saw improvements in kidney function

Second warning on romaine lettuce from California region as another E. coli case reported

Two cases of E. coli have been reported in relation to the illness in the U.S.

Residents in B.C. city could face 133% tax hike in ‘worst case’ lawsuit outcome: report

An average home could see a tax increase of $2,164 in one year

B.C. Transit finds 28 used fareboxes online, saves $300,000

‘Someone joked maybe we can buy used fareboxes on eBay,’ CEO says

Many of Canada’s working poor can’t afford lawyers, don’t qualify for legal aid

One lawyer says many people earn too much to qualify for legal aid, but not enough to really live on

Economy lost 71,200 jobs in November, unemployment rate climbs to 5.9%

Jobless rate is at its highest since August 2018, when it hit 6%

Most Read