what is climate action incentive payment 2023 ?

Introduction

The CAIP is a quarterly payment made to eligible Canadians to help offset the cost of the federal carbon tax. The payments are based on a person’s family size and income, and they are designed to be more generous to low- and middle-income families.

Who is eligible for the CAIP?

The CAIP is available to all Canadian residents who are not covered by a provincial or territorial climate change program. To be eligible, you must:

  • Be a Canadian resident
  • Have a valid Social Insurance Number (SIN)
  • Not be covered by a provincial or territorial climate change program

How much is the CAIP?

The amount of the CAIP payment depends on your family size and income. The following table shows the 2023 CAIP payment amounts for a family of four:

* Family income (annual)Payment amount
Less than $44,000$976
$44,000 to $98,000$1,056
$98,000 to $148,000$1,360
More than $148,000$1,544

When will I receive the CAIP?

The CAIP is paid out quarterly in April, July, October, and January. The first payment for 2023 will be made on April 14, 2023.

How do I get the CAIP?

The CAIP is automatically deposited into your bank account if you have filed your 2021 income tax and benefit return. If you have not filed your return, you can still get the CAIP by applying online or by mail.

Conclusion

The CAIP is a way for the government to help Canadians offset the cost of the federal carbon tax. The payments are designed to be more generous to low- and middle-income families, and they are automatically deposited into your bank account. If you have not filed your 2021 income tax and benefit return, you can still get the CAIP by applying online or by mail.

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