Climate Tax Credit on it’s way: You could receive as much as $447 per year
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PRINCE GEORGE— A little reprieve from the post holiday financial crunch as more than the two million families and individuals will receive the Province’s increased Climate Action Tax Credit.
A single person can now receive as much as $447 per year, more than double what they received in 2022. A family of four now receives as much as $893.50 per year. An estimated 70 % of families and individuals who are eligible to get the quarterly payments from the Province can expect the maximum amounts.
“With the global inflation and an expensive holiday season, we know people need support now more than ever,” said Katrine Conroy, Minister of Finance. “These are big challenges around the world. By boosting the Climate Action Tax Credit, we are providing more help with costs for people in B.C. as we also drive down emissions and grow the economy. While others would hike fees and give polluters a free pass, we’re taking action to support people and create a more sustainable future so people can build a good life in B.C.”
Last year, the Province increased the Climate Action Tax Credit as well as raised the income thresholds in an effort to have B.C.’s clean energy transition remain affordable for more people.
