Business

Climate action tax credit increasing during pandemic

By Richmond Sentinel

Published 11:02 PDT, Thu July 2, 2020

Last Updated: 11:42 PDT, Tue July 21, 2020

Starting this week, more than 80 per cent of families and individuals in British Columbia will automatically receive an enhanced climate action tax credit.

Eligible individuals will receive up to $218, children will receive up to $64 in a one-time increase and a family of four will receive up to $564. That is a $174.50 boost for individuals, a $51.25 increase for children and a lift of $451.50 for a family of four—double the annual amount eligible households would have received prior to BC’s COVID-19 Action Plan.

British Columbians will receive the climate action tax credit along with their federal GST/HST returns. Those who are eligible for the enhanced benefit will automatically receive it if they have completed their BC 2019 income tax return.

For additional information about the one-time increase to the climate action tax credit, visit: https://gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/climate-action

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