The BC Government aims to support families in need with increased Climate Action Tax Credit payments.
According to the province, this credit is a payment delivered to people by direct deposit to help offset the impact of paid carbon taxes on people and families. About 65 percent of BC residents will qualify for the credit.
Minister of Finance Katrine Conroy says with low snowpacks, serious drought and wildfire seasons, they want to make it fair for middle and low-income families by increasing the payments through the credit.
They say a family of four will be getting $1,005 a year, while individuals get $504 as part of the increase, which depends on the person or family’s income.
If a family makes less than $107,688, they’ll get the full or partial credit, with those who make less than $66,271 getting either a full or partial credit.
The province adds the credit will increase annually with hopes of getting 80 percent of residents to receive the credit by 2030.
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