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Climate Action Incentive - Why did the refund switch after completing the form.

making it simple to understand.
Before completing the Climate Action Incentive.
Couple 1 has a refund of $10 and Couple 2 owes -$5

After completing the Climate Action Incentive and choosing couple 2 to receive the credit.

The refund and owe swapped.  Couple 1 now owes $-5  and Couple refund $10

I don't understand why.

1 Reply

Climate Action Incentive - Why did the refund switch after completing the form.

NEW - 2018 - 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. 
  •  You will be able to claim the Climate Action Incentive under the Provincial Deductions tab. 

Please refer to the link below from TurboTax Tips to have a better understanding of this new credit and how it is calculated.

Climate Change Plan, Climate Action Incentive, Fuel Charges. How This Impacts Your Taxes.https://bit.ly/2BJVS0L