The Climate Action Incentive Payment (CAIP) is a tax-free amount paid to help individuals and families with the rising cost of living. The government began delivering Climate Action Incentive Payment to Canadians on a quarterly basis starting in July 2022. This approach returns fuel charge proceeds to households on a more regular basis, with 8 out of 10 households getting more money back than they pay.
You are eligible for this credit if you are a resident of Canada for income tax purposes in the month before and at the beginning of the month in which the CRA makes a payment. You do not need to apply to receive the payment for the CAIP. The CRA will determine your eligibility when you file your income tax return.
CAIP payments for 2023-24 will be disbursed as follows:
- Residents of Alberta, Manitoba, Ontario, and Saskatchewan will receive four equal quarterly payments (April 2023, July 2023, October 2023, and January 2024), as these provinces are already covered by the federal price on pollution.
The Ontario program provies an annual credit of:
- $488 for an individual
- $244 for a spouse or common-law partner
- $122 per child under 19
- $244 for the first child in a single-parent family
If you are entitled to receive the CAIP, you can expect to receive them on the 15th of April, July, October and January. For frequently asked questions, who is eligible and how much you can expect to receive, visit this website.
