Tax Credits - Low Income Climate Action Tax Credit
Effective July 2008, individuals may be eligible for the B.C. refundable Low Income Climate Action Tax Credit.
You are eligible for the Low Income Climate Action Tax Credit if you are a resident of British Columbia, and
- you are 19 years of age or older or
- you have a spouse or common-law partner or
- you are a parent who resides with your child
For payments commencing in 2008 the maximum credit is $100 for yourself, $100 for your spouse or common-law partner and $30 for each qualified dependant.
If you are a single parent the maximum credit is $100 for yourself, $100 for your first child and $30 for each additional child.
For payments starting in July 2009 and July 2010 the maximum credits are increased to $105 and $31.50.
For payments starting July 2011 the maximum credits are increased to $115.50 and $34.50
The Low Income Climate Action Tax Credit is reduced by 2% of net family income over the income threshold. The income thresholds are indexed to the Consumer Price Index for British Columbia.
Tax Year |
Payment Dates |
Net Income Threshold Single |
Net Income Threshold Married or Single Parent |
2010 |
For July 2011 to June 2012 |
$30,968 |
$36,130 |
2009 |
For July 2010 to June 2011 |
$30,722 |
$35,843 |
2008 |
For July 2009 to June 2010 |
$30,600 |
$35,700 |
2007 |
For July 2008 to June 2009 |
$30,000 |
$35,000 |
Claiming the Credit
The tax credit will be paid quarterly together with the federal Goods and Services Tax Credit in July, October, January and April.
You cannot claim this credit if you were confined to a prison or similar institution for a period of at least 90 days that includes the first day of that quarter.
Frequently Asked Questions
Legislation
Please see Section 8.1 of the British Columbia Income Tax Act and the Low Income Climate Action Tax Credit Regulation.
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