We know Canadians are feeling the rising cost of living, particularly through higher grocery bills, rent, and gas prices.
We also know that a price on pollution is the best way to fight climate change–and we can now see it working.
Yesterday, the quarterly Climate Action Incentive Payments (CAIP) went out, which puts the price on pollution directly back into the pockets of Canadian workers, families, and individuals.
Through the CAIP, the majority of households receive more than they pay. For example, this year, a family of four in Ontario can receive up to $976.
As 2024 kicks off, the Government of Canada reiterates its commitment to pollution pricing and its crucial role in meeting targets to cut emissions by 40 percent below 2005 levels by 2030 and achieve net-zero emissions by 2050.
We’re working hard to support the middle class while also staying committed to protecting Canada’s climate and biodiversity. I encourage you to check your bank account for the CAIP and learn more here.