Carbon tax refunds boost Alberta bank accounts

If you checked your bank account this morning, you may have noticed a big bump!

As part of the Federal Climate Action Incentive (CAI), single adult Albertans received $269.50 from the federal government. This is the first quarterly payment, and each subsequent payment will be $134.75.

Even if you are not a single adult, you should have noticed a bump. If you have a partner or child, your partner or first child received $135, while each subsequent child will receive $67.50. This means that if you are a family of 4, you can expect $539.50.

According to the Government of Canada website, a family of four in Alberta can expect $1,079 for the 2022-23 fiscal year.

Environment and Climate Change Minister Steven Guilbeault says the AIC will help fight climate change while making life easier for Canadians.

“With the Climate Action Incentive payment, we are putting money back into the pockets of families. The new quarterly payment will mean that households will now receive checks every 3 months. This is just part of our plan to fight climate change while making life more affordable for Canadians,” he said in a written statement.

The other carbon tax refunds are expected in October and January.