Pollution has a cost – it impacts the air we breathe, our children’s health and our economy. That’s why the Government of Canada has put a price on carbon pollution.

The Government of Canada has introduced the new climate action incentive payment. If you are a resident of Saskatchewan, Manitoba, Ontario or New Brunswick, you can claim it when you file your income tax and benefit return.

Protecting the environment and growing the economy go together. In 2016, the federal government worked with provinces, territories, and with input from Indigenous Peoples on Canada’s first comprehensive climate action plan, which includes a stringent, fair, and efficient price on carbon pollution.

As part of Canada’s plan, provinces and territories had the flexibility to maintain or develop a carbon pollution pricing system that works for their circumstances, provided it meets the federal standard. The Government of Canada worked with provinces and territories on this for over two years.

On July 3, 2018, the Government of Ontario ended its climate plan, including its cap-and-trade pollution pricing system. This has resulted in a projected annual increase of emissions of approximately 48 million tonnes of carbon pollution in 2030, equivalent to the emissions from about 30 coal-fired electricity units. The province has also cancelled their investments in energy efficiency and low-carbon projects that help schools, businesses, and hospitals reduce emissions and reduce costs, therefore costing Ontarians money and good jobs.

The federal carbon pollution pricing system will apply in Ontario.

How will the funds collected be used?

Climate Action Incentive payments: Under the proposed approach, most of the proceeds the federal government collects from Ontario through the fuel charge will be returned directly to Ontario’s individuals and families through Climate Action Incentive PaymentsFootnote 1.

Support for particularly affected sectors: The remainder of fuel charge proceeds will be used to provide support to the province’s schools, hospitals, small and medium-sized businesses, colleges and universities, municipalities, not-for-profit organizations and Indigenous communities, which will help save money and create good jobs. In Ontario, this amount is estimated at $1.45 billion over the next five fiscal years.
Direct proceeds from industrial facilities under the federal output-based pricing system will be directed to supporting reductions in greenhouse gas emissions in Ontario.

Click Here to download the firm and claim your return!

Climate Action Incentive payments enable the Government to encourage lower greenhouse gas (GHG) emissions without imposing a financial burden on households. For more information visit www.Canada.ca!