The first quarterly payment of the federal Climate Action Incentive will be disbursed on July 15. This month’s payment will double to $279, and each quarter after that will equal $134.75. Payments were previously disbursed as an annual credit, but this has changed to quarterly installments, so Canadians will receive payments more frequently. “The CRA is committed to ensuring that Canadians receive the benefits and credits they are entitled to, including the payment for the Climate Action Incentive,” said Diane Lebouthillier, Minister of National Revenue. “These quarterly payments will put money back in the pockets of Canadians while protecting the environment for future generations.” Under the federal pollution pricing system, the government puts a price on pollution in territories that don’t have their own pricing system, which includes Alberta, Saskatchewan, Manitoba and Ontario. According to federal authorities, a family of four in Alberta can expect an annual average credit of $1,079. In addition, families in rural and small communities are entitled to an additional 10 percent. More details on individual and family payment amounts for 2022-23 are set out here.
