Gradual increases are planned for the provincial Climate Action Tax Credit for eligible taxpayers.
In July of this year, the maximum amount of the annual credit was increased to $155 per adult from $135. This will increase to $174 per adult in July 2020, and $194 per adult in July 2021.
The annual credit per child increased to $46 from $40 on July 1, and will increase to $51 per child in July 2020, and $57 per child in July 2021.
These credits are primarily targeted at helping low income families. Most of these families will receive dill credit if their qualifying income is less that $40,689.