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Carbon credit
April 1, 2019
9:00 pm
Bud
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This climate credit what the.. is it one per family or can each individual claim?

April 1, 2019
10:17 pm
Canadianbull
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To claim it, you need to complete a one-page Schedule 14 on your tax return. (I’m now going to use the Ontario numbers below as an example, although they differ from province-to-province.)
An individual then claims the basic amount of $154. If you’re married, you can claim a spouse to add $77. If you have kids, you get to add $38 per kids. If you live in a rural area, you increase your total rebate by 10%.

Here’s the thing though. The credit is the same for everyone.

If you’re struggling to make ends meet, you’ll get the $307. But if you’re pulling in a big six-figure income, you’ll also get the $307. It’s the same for everyone.sf-confused

April 2, 2019
5:23 am
Yatti420
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What climate credit? You mean the one justin just implemented lol?

April 2, 2019
8:30 am
Doug
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I assume this is only for provinces that haven't implemented a provincial carbon tax, correct? Similarly, is it the federal equivalent of the quarterly provincial climate action tax rebates, right? That is, in those provinces with the federal carbon tax, there will be this federal refundable (assuming refundable?) tax credit on one's income tax filing but not a quarterly credit cheque.

Cheers,
Doug

April 2, 2019
10:36 am
dougjp
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Confused, so far. I'm using UFile and granted my spouse's info isn't input yet, so maybe the answers become clear at the end? sf-embarassed

However I see no Schedule 14 or any prompt to fill in anything? All I see is in the CRA questions where it asks to specify what area you live in. So if anyone is also using UFile, how does this Schedule get completed with the choices made?

The main accomplishment of almost all organized protests is to
annoy people who are not in them.

April 2, 2019
3:20 pm
mechone
Ontario
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I got the 154 and77 dollar deduction and it gave me an extra 100 back. I guess that will cover the extra 2.70 per week for gas x 52= 140.00 and my wife gets nothing.
Not counting everything else will go up do to trucking costs, such as groceries
Tax neutral I don't think so another Liberal …sf-frown

April 2, 2019
6:29 pm
krwilson
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dougjp said
Confused, so far. I'm using UFile and granted my spouse's info isn't input yet, so maybe the answers become clear at the end? sf-embarassed

However I see no Schedule 14 or any prompt to fill in anything? All I see is in the CRA questions where it asks to specify what area you live in. So if anyone is also using UFile, how does this Schedule get completed with the choices made?  

Fill out the UFile question where you live under "Climate Action Incentive". Do your spouses info. When you complete the "Review" in UFile you will see under "Payments and credits" line 449 Climate action incentive, this line will show what you qualified for depending where you reside. The program does it all for you.

April 2, 2019
6:38 pm
dougjp
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krwilson said

Fill out the UFile question where you live under "Climate Action Incentive". Do your spouses info. When you complete the "Review" in UFile you will see under "Payments and credits" line 449 Climate action incentive, this line will show what you qualified for depending where you reside. The program does it all for you.  

Thank you so much! I was hoping it would sort itself out without missing the $

The main accomplishment of almost all organized protests is to
annoy people who are not in them.

July 14, 2023
5:28 am
Bill
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Anybody know why I got a climate (CAI) deposit to my bank account today? I got one last month too.

July 14, 2023
6:32 am
agit
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Bill said
Anybody know why I got a climate (CAI) deposit to my bank account today? I got one last month too.  

You filed your 2022 income tax late in Mar or in Apr, because of late filing CRA did not issue CAI on time for April.

so last month was for the Apr CAI. and today CAI is your normal quarterly CAI

July 14, 2023
8:36 am
Bill
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Makes sense, thanks, agit.

July 14, 2023
5:44 pm
rodeworthy
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Bill said
Anybody know why I got a climate (CAI) deposit to my bank account today? I got one last month too.  

My previous CAIP payment was May 15. Was supposed to be in April. The July 14 payment was on schedule.

They have adopted quarterly payments. Expect another one October 13.

July 14, 2023
6:08 pm
COIN
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Is the CAIP means tested? Or, does everybody get them?

July 15, 2023
5:03 pm
rodeworthy
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COIN said
Is the CAIP means tested? Or, does everybody get them?  

I believe it has a geographical base. Only some provinces and there is a supplement for rural and smaller communities. I believe that is where ours comes from. We would not qualify if there was a financial means test.

July 16, 2023
6:14 am
dommm
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COIN said
Is the CAIP means tested? Or, does everybody get them?  

From the little research I have done it appears the CAIP is NOT means tested. Please correct me if I am wrong. As the above poster stated, receiving it depends on your province of residency. It is I believe NOT taxable.

July 16, 2023
8:24 am
cgouimet
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dommm said

From the little research I have done it appears the CAIP is NOT means tested. Please correct me if I am wrong. As the above poster stated, receiving it depends on your province of residency. It is I believe NOT taxable.  

Correct on the not being means tested.

And, since it's technically a (carbon) tax refund, it shouldn't be taxable.

CGO
July 16, 2023
9:21 am
Bill
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Correct, not taxable.

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