Get Approved for up to $35,000 in 3 minutes
Apply Now

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.

Previous
Next

You May Also Like:

Tax Tips | Jan 27, 2023

Is there an Inheritance Tax in Canada?

While the easy answer to this question would be no, it’s not entirely that simple. There is no such thing as an inheritance tax, the money you inherit is tax fr...

Read this Story

Tax Tips | Jan 27, 2023

Overview of Self-Employment Taxes in Canada

Most of the time when you are employed, taxes are very straightforward. Most of the time it’s just a T4 and any RRSP deductions if you have them. If you earn se...

Read this Story

Tax Tips | Jan 13, 2023

What to do about TFSA Over-Contributions

TFSAs, also known as tax free savings accounts, are a great way to save money. You can earn some interest on your money while avoiding paying any taxes on the m...

Read this Story
Need help?

Visit our help centre for more information

Looking for more details about a specific service? Need to get a hold of us regarding an existing account? We are here to help!

Help Centre

Let’s grow together.

Get a Loan Quote