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

20 years later: Doc Willoughbys keeps the Kelowna music scene alive

Docs reently celebrated its 20th anniversary

Literacy centre opens up in Kelowna

Okanagan College students helped to convert shipping container into new educational space for children

Temporary wet housing facility opening in downtown Kelowna

Temporary shelter will be operated by volunteer group Welcome Inn in partnership with BC Housing

Water services return to Big White Ski Resort

Hundreds of people were without water for more than 24 hours after a main ruptured on Monday

Thousands raised by Lake Country Scenic Sip Trail for food bank

In addition to the 3k, the community donated over a thousand pounds of non-perishable foods

B.C. woman charged in connection to stolen vehicle smash-up in Kamloops

Kersten Ina Peters was arrested in the Fraser Valley on Friday, Dec. 6

Trans-Canada closed east of Golden

An update will be provided at 8:30 a.m.

Tavares scores twice as Maple Leafs earn 4-1 win over Canucks

Vancouver sees two-game win streak snapped

UPDATED: No survivors in Gabriola Island plane crash: RCMP

Coroner confirms multiple fatalities after small plane goes down Tuesday night near Nanaimo

VIDEO: Harbour Air makes history with first electric aircraft test flight

Successful flight marks first of its kind in the world

The Grinch who Stole a Hedge: Security camera captures Chilliwack tree theft

RCMP arrives as person calmly walks away with tree in downtown area

Vernon Search and Rescue member grateful for help after fire

Trevor Honigman and wife displaced after fire severely damaged their new-to-them BX home Dec. 5

Salmonella outbreak in Canada linked to rodents and snakes

92 cases of salmonella across six provinces, including B.C.

Meng Wanzhou wins right to more documents involving arrest at Vancouver airport

Defence lawyers allege the Huawei executive was unlawfully detained, searched and interrogated

Most Read