Does your 2022 NOA mention CAI anywhere on it?
Quote:
Originally Posted by tjthemanto
Does your 2022 NOA mention CAI anywhere on it?
Quote:
Originally Posted by tjthemanto
Amount Ontario Manitoba Saskatchewan Alberta Single adult,
or first adult in a couple1$ 300 $360 $ 500 $ 490 Second adult in a couple,
or first child of a single parent2$ 150 $180 $ 250 $ 245 Each child under 18
(starting with the second child for single parents)3$ 75 $ 90 $ 125 $ 123 Example: Baseline amount for a family of four $ 600 $ 720 $ 1,000 $ 981
If you don't live in urban areas, and live in rural and even semi rural areas you will get 10% more to the above amount.
It goes by postal code. CRA will decide urban and rural areas.
Thanks for the reminder about the upcoming credits that residents can get on their next income tax return filing, @tjthemanto ! Will use my credit to pay for a couple of things. Now I wait to see when my income tax package will come in the mail, so I can get it sent to CRA by mid-Feb. for quickest ever assessment by post.
It gets tricky figuring out which entity's version of rural addresses apply to various things like property taxes, utility rates and income tax credits. Every entity has their own definition of rural.
Don't forget Work From Home credit, not rebate, which you can apply this year.
File a return even if you have NO income to get this Climate rebate.
Everyone will get it, but you still need to file your 2020 tax return.
Just took a look again and realized that the lump sum option might disappear next year. The lump sum is helpful to have in spring if one is making decisions for heat relief, gardening or tree purchases or even donations to entities helping to improve the environment (or even governmental debt repayment).Quote:
The Government of Canada also intends to shift Climate Action Incentive payments to quarterly amounts paid through the Canada Revenue Agency’s benefit system, as early as 2022. Details will follow at a later date.
Yes, another reminder that the CAI is likely moving to a quarterly installment format.
https://www.canadadrives.ca/blog/new...nada-explainedQuote:
The CAI rebate (Line 45110) can be claimed on your income tax return and it will be automatically applied to your balance owing for the year or added to any refund you are entitled to. These rebate payments will move to quarterly payments starting in mid-2022. That means if you're wondering about carbon tax rebate cheque dates, it depends on how soon you're able to file your tax return. The sooner you file your return, the sooner you'll get your rebate. You can usually start filing your taxes once you get your T4 on the last week of February.
End of sprees on big bags of garden soil to fix the landscaping issue! I certainly could use one big bag this month-parts of yard have small craters or dips!
Yes. Apparently the first Qtrly payment will be in July - 2022.
There won't be a Qtrly payment in January - 2022 or April - 2022.
To help CRA & to give them time to adjust with the change to Qtrly payment from one lumsum payment, they will give the first payment in July.
I think the July payment will be double of the regular Qtrly payment to make up for the delay.
Unnecessary complications they are creating. One time lum sum was so much better!
Yes, the lump sum allowed individuals or families to get any pressing need attended to with the cash. Spring spree, as it were, for school or commuting needs, household/yard matters or even debt repayment. Could be used for Easter holiday needs if that was the only money available for new outfits/footwear, food, or any charity giving.
It could be a long hot wait for summer cash-about 1-1/2 months of humidity and such!
I'm wondering why Ontario residents get less? And will the rebate slowly increase each year?
Ontario is one of the provinces that did not have some kind of established carbon tax program (other than for gas/energy), so federal government set the rebates for Ontario (so amounts can be slightly lower than for provinces with established carbon tax program). As far as I know, each year, the rebate does go up but this program ends in about two years' time.
Climate Action Incentive payment.First payment will be on July 15, 2022.
No more lump sum - One time payment. Quarterly payments just like the GST rebate payments going forward.
January, April, July, October - 15th of each month.
🤔
Quote:
Originally Posted by tjthemanto
Quote:
Originally Posted by tjthemanto
Quote:
Originally Posted by tjthemanto
2022 Carbon Rebate Payments have increased.
https://www.canada.ca/en/department-...r-2022-23.html