Finance releases climate payment amounts for 2020

By Staff | December 16, 2019 | Last updated on September 15, 2023
1 min read

The Department of Finance has released the Climate Action Incentive (CAI) amounts that residents of Alberta, Manitoba, Ontario and Saskatchewan will be able to claim on their 2019 personal income tax returns.

In Alberta, a single adult or the first adult in a couple will be able to claim $444. The second adult in a couple or first child of a single parent will be able to claim $222, and each child under 18 (starting with the second child for single parents) will be able to claim $111.

For eligible Albertans, the amount reflects fuel charge proceeds generated from January 2020 to March 2021.

In Manitoba, the three amounts are $243, $121 and $61.

In Saskatchewan, the three amounts are $405, $202 and $101.

In Ontario, the three amounts are $224, $112 and $56.

Taxpayers who live in rural and small communities are eligible for a supplementary CAI payment of 10% of their province’s baseline amount.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.