For those who are wondering when their Climate Action Incentive payments will be coming, the Government of Canada has announced the dates.
"To receive your payment on April 14, 2023, you and your spouse or common-law partner (if applicable), must have had your income tax and benefit returns assessed on or before March 24, 2023. If your tax returns are assessed after this date, your payment will be included in a subsequent payment," the Canada Revenue Agency (CRA) stated on its website.
The government is also reminding residents that the payment for the CAIP will be universal and therefore not subject to a benefit reduction based on adjusted family net income.
The Alberta program provides an annual credit of:
- $772 for an individual
- $386 for a spouse or common-law partner
- $193 per child under 19
- $386 for the first child in a single-parent family
The CAIP includes a rural supplement of 10 per cent of the base amount for residents of small and rural communities. However, the supplements apply only to residents of Alberta, Saskatchewan, Manitoba, and Ontario whose primary residence is outside a Census Metropolitan Area (CMA), and they expect to continue to reside outside the same CMA on April 1, 2022.
The CRA does not charge or give interest on any CAIP overpayments or underpayments. If you’re entitled to receive the CAIP, you can expect to receive them on the 15 of April, July, October and January and if the 15 falls on a Saturday, a Sunday, or a federal statutory holiday, the payment will be made on the last business day before the 15.