Climate Action Incentive Credit (NB, MB, SK, ON only)
The
new refundable credit has no income cap but does have varying amounts by
location. If you have a spouse, only one spouse makes the claim for the family
(spouse and minor children). Software does it all for you – just enter a few
details on your address and family.
Please take note- This credit is automatically applied to your tax return, based on the
initial entries at the beginning, even before you enter your
income and expenses. This is a Federal Tax Credit that is reflective of the
province you live in.
You
will be able to claim the Climate Action Incentive under the Provincial tab.
- Under Provincial
Tax Credit, if
you qualify it will be there for you to CHECK the Climate Action
Incentive Credit box and proceed to answer all the necessary question.
- If you have entered
information, you have to go backward and retake your steps to ensure all entries have been made but only if you qualify. See link below for CRA
eligibility.
Once
that section has been completed, then the amount will calculate on line 449 of
your Detailed Tax Summary Page, which is located in the Review Section of your
Return after you open Bottom Line Tax summary.
Please
refer to the link below from the CRA to have a better understanding of
this new credit and how it is calculated.
Climate
Action Incentive eligibility as per the CRA here https://bit.ly/2UEy2v1
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