Eligible Saskatchewan residents receive double carbon tax rebate payment
Global News
The Climate Action Incentive Payment (CAIP) is a tax-free payment. The federal government says it helps offset the cost of federal pollution pricing.
Some Saskatchewan residents received a carbon tax rebate payment on Friday.
The Climate Action Incentive Payment (CAIP) is a tax-free payment. On its website, the federal government says it helps offset the cost of federal pollution pricing.
The payment is available to Alberta, Saskatchewan, Manitoba and Ontario residents.
Other provinces have their own carbon-pricing systems that meet federal minimum standards.
The first CAIP was issued to entitled Saskatchewan residents whose 2021 income tax and benefit has been processed as of July 15.
Other payments will be issued on Oct. 15 and January 15, 2023, according to the Canada Revenue Agency.
The July 15 payment includes a retroactive payment for April.
For the 2021 base year, the Saskatchewan program allows for an annual credit of $550 for an individual, $275 for a spouse/common-law partner, $138 per child under 19 and $275 for the first child of a single-parent family.
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