Some Canadians are getting climate action incentive payments this week
The government is sending out a second batch of Climate Action Incentive Payments (CAIP) to Canadians this week, and you might want to keep an eye on your bank account.
The payments will begin being issued on October 13. They're usually sent out on the 15th of a payment month, but the date has been moved since it's a Sunday.
The CAIP is a tax-free amount paid to help individuals and families offset the cost of federal pollution pricing and is available to residents of Alberta, Saskatchewan, Nova Scotia, Manitoba, Newfoundland and Labrador, PEI, and Ontario.
It consists of a basic amount and a supplement for residents of small and rural communities and is paid quarterly.
The climate action incentive was paid as a refundable credit claimed annually on personal income tax returns. However, starting in July 2022, the government changed it to quarterly tax-free payments made through the benefits system.
Residents of New Brunswick will receive a double payment in October 2023, as they did not get theirs in July.
A fourth-quarter payment is also scheduled for eligible Canadians in January 2024.
On its website, the federal government has outlined projected payments to eligible Canadians as follows:
Alberta:
Manitoba:
Ontario:
Saskatchewan
Newfoundland
Nova Scotia
PEI
New Brunswick (double payment for October)
To be eligible for the upcoming CAIP payment, you must:
If you're younger than 19, you must meet the following conditions:
According to the feds, your child or children are also eligible if, at the beginning of October:
"If you are eligible for the Canada child benefit, a credit for each eligible child will be included in the calculation of the CAIP," reads the government's guide on CAIP.
If you share custody of your child/children with a former spouse and are entitled to climate action incentive payments, you'll get half the amount you would receive if the child lived with you full-time.
New residents of Canada can apply for CAIP, too, but will need to fill out some forms and mail them out to your nearest tax centre.
If you have kids, fill out the following:
If you don't have kids, fill out the following:
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