More money from Ottawa….something’s cooking in Junior’s kitchen!!
It’s explained as the Climate Action Incentive Payment(CAIP) is a tax-free amount that ensures that carbon pollution pricing remains affordable for Canadians. All direct proceeds from the federal carbon pollution pricing system are returned to the jurisdiction where they were collected, with most proceeds returned directly to individuals and families through CAIPs.
It seems that the Junior PM has another card in his pocket to be dealt at the carbon tax game. It looks like one member of the household will receive a cheque based on the number of people in their jurisdiction and the money collected by the federal government.
We just received this cheque in the mail with the following explanation:
Explanation
This notice represents the information processed as of May 23, 2022. Please read it and keep it for your records.
The Climate Action Incentive Payment (CAIP)is a tax-free amount that ensures that carbon pollution pricing remains affordable for Canadians. All direct proceeds from the federal carbon pollution pricing system are returned to the jurisdiction where they were collected, with most proceeds returned directly to individuals and families through CAIPs.
Information used to calculate your entitlement
We used this information to determine the amount of your credit:
Description Information
Marital status: Married or living common-law
Province or territory of residence Ontario
Annual credit
We calculated this amount for the entire year:
Description $ Amount
Climate action incentive payment 559.00
Payment summary
This payment consists of the following credit:
Description $ Amount
Ontario climate action incentive payment 279.50
Cheque issued $ 279.50
Credit schedule… more to come?
These are the amounts we calculated for upcoming periods based on the information on file as of May 23, 2022. The amounts may change if any of the information used to calculate your entitlement changes. The amount paid may be less if you have an amount due.
Date $ Amount
October 14, 2022 139.75
January 13, 2023 139.75
