Thread by @timethief

If you're eligible for the #BCclimateactiontaxcredit, you'll receive the credit payment from the Canada Revenue Agency (CRA). The credit payment is combined with the federal goods and services tax/harmonized sales tax (GST/HST) credit into one quarterly payment.

#BCclimateactiontaxcredit payments are issued four times a year in July, October, and January usually on the fifth day of the month. The B.C. climate action tax credit payments are non-taxable so you don't include it as income when you file your income tax return.

If your adjusted family net income is above the threshold amount, the #BCclimateactiontaxcredit is reduced by 2% of the adjusted family net income above the threshold until the credit becomes zero. See here for specifics and details on the
alpha.gov.bc.ca/gov/content/ta…

A BC climate action tax credit (BCCATC) is available to residents through an income-based system that equates to about $193.50 per adult and $56.50 per child. The #BCclimateactiontaxcredit is for eligible residents with an income that qualifies under the income threshold.

In 2008, British Columbia implemented North America's first broad-based #carbontax. The carbon tax applies to the purchase and use of fossil fuels and covers approximately 70% of provincial greenhouse gas emissions. www2.gov.bc.ca/gov/content/en…

The BC climate action tax credit ( #BCCATC ) is a tax-free payment made to low-income individuals and families to help offset the carbon taxes they pay. Only one person per family can claim the payment. canada.ca/en/revenue-age…

Eighty-five per cent of British Columbians automatically received a full or partial credit deposited in their bank accounts on Jan. 13. for an enhanced “BC Affordability Credit,” which was added to the #BCCATC B.C. Climate Action Tax Credit #carbontax

The enhanced #BCFamilyBenefit will provide families with moderate and low incomes, and children under 18 will provide as much as an additional $350 from January to March 2023 for a family with two children. www2.gov.bc.ca/gov/content/fa…

The one-time #BCAffordabilityCredit was disbursed as an add-on to the B.C. Climate Action Tax Credit.
strongerbc.gov.bc.ca/cost-of-living/

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