If you live in Alberta, you may want to check your bank account if you have direct deposit.
You may see some extra cash thanks to the federal government sending out another round of climate action incentive payments starting today, October 14.
Under the federal pollution pricing system, the government puts a price on pollution in regions that do not have their own pricing system, which includes Alberta, Saskatchewan, Manitoba, and Ontario.
Prior to 2021, the federal Climate Action Incentive (CAI) was a refundable tax credit claimed annually on personal income tax returns.
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This year the CAI payments switched to quarterly payments, with the first being issued back in July.
The Alberta program will provide a varying amount to people, including:
Additionally, families in rural and small communities are eligible to receive an extra 10%.
To be eligible, you must be a resident of Alberta, Saskatchewan, Manitoba, or Ontario on the first day of the payment month and the last day of the previous month. You must also meet at least one of these conditions during the same period:
More cash is also on the table for Albertans in the coming months as another CAI payment will be issued in January 2023.
The federal government says in the provinces where Canadians receive CAI payments, most households will receive more than they pay as a result of the federal carbon pollution pricing system.
More details on individual and family payment amounts for 2022-23 are specified here.
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