Climate Action Incentives in Canada
With the cost of inflation many Canadians aren’t able to afford everyday necessities as easily as they used to. There are also extra taxes and fees added to these necessities that make it much more difficult. The government has recognized this and is offering incentives and benefits to help Canadians battle inflation. While the federal government used to supply a Climate Action Incentive Credit to Canadians on their yearly personal income tax returns, they have now amended the program to the Climate Action Incentive Payment (CAIP). This quarterly CAI payment began in 2022 and is available to residents in certain provinces in Canada that are affected by pollution pricing.