BC families to receive increased Climate Action Tax Credit


More than two million families and individuals will receive their third quarterly Climate Action Tax Credit payment.
Last year, the Province increased the Climate Action Tax Credit to put more money in people’s pockets. The Province also raised income thresholds to ensure B.C.’s clean transition remains affordable for more people.
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.
For families, the income threshold changes depending on the family configuration, e.g., a family of four with a net income less than $94,845 will receive a full or partial credit.
The income ceiling for the credit will increase annually, with a goal to reach 80% of households in B.C. by 2030. The increases to the income threshold mean individuals with a net income less than $61,465 will receive a full or partial credit.
B.C.’s Climate Action Tax Credit is paid through Canada Revenue Agency, along with the federal GST/HST credit, and may take as many as 10 days to be delivered. Despite being a payment from the Province, it will appear on bank statements as a payment from the Government of Canada.
“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.”
The B.C. government will not contact people about the B.C. climate action tax credit by text message. A text message about the tax credit may be fraudulent. If unsure, contact: [email protected]