THE CANADA REVENUE AGENCY (CRA) HAS RELEASED THE CAIP PAYMENT ON OCTOBER 13, 2023
The Canada Revenue Agency (CRA) has released the CAIP Payment on 13 October 2023. The payment was scheduled to be released on 15 October but as the date falls on Holiday; the government decided to process the payments on 13 October.
The payment has been sent by direct deposit and checks. If you have yet to receive the payment, kindly contact the concerned authorities in due time.
What is CAIP?
The Climate Action Incentive Payment (CAIP) represents a substantial initiative by the Canadian government, offering a tax-free monetary amount to individuals and families living in specified provinces.
This initiative aims to ease the financial burdens associated with federal pollution pricing measures imposed to combat environmental pollution. By providing this financial relief, the CAIP not only supports citizens but also significantly embodies Canada’s steadfast commitment to minimizing greenhouse gas emissions, thus contributing to the global effort towards environmental sustainability.
Through this initiative, Canada is taking pragmatic steps to engage its citizens in the larger climate action narrative, ensuring a greener future for all.
Who is Eligible for CAIP October 2023?
Eligibility for the Climate Action Incentive Payment (CAIP) hinges on several criteria. Initially, one must be a Canadian resident for tax at the onset of the month when a payment by the Canada Revenue Agency (CRA) is due. Residency in an applicable CAIP province on the first day of the payment month is mandatory.
In the month before the CRA makes a quarterly payment, you must be at least 19 years old. If you are under 19 years old, you must meet at least one of these conditions during the same period:
• Have (or previously had) a spouse or common-law partner
• Are (or previously were) a parent and live (or previously lived) with your child
Do you have an eligible child?
You have an eligible child if all the following conditions are met at the beginning of the payment month:
• your child is under 19 years of age
• your child lives with you
• you are primarily responsible for the care and upbringing of your child
• your child is registered for the Canada child benefit
If you are eligible for the Canada child benefit, a credit for each eligible child will be included in the calculation of the CAIP.
How much CAIP can you get in October 2023?
The CAIP amount varies based on your province of residence and family situation. Notably, residents of New Brunswick will receive a double payment in October 2023 to cover both the July to September and October to December 2023 periods.
The monetary benefit from the Climate Action Incentive Payment (CAIP) varies based on your family dynamics and your province of residence. However, the uniqueness of CAIP lies in its universality, ensuring that the benefit remains constant, unaffected by adjustments to family net income. Unlike certain other programs, the CAIP does not taper off with increased household income, ensuring a standard benefit to all eligible recipients, thereby promoting an inclusive approach to extending financial support. This universality reflects a balanced support distribution, aligning with the program’s aim to offset pollution pricing costs for all eligible households.
For the 2022 base year:
Ontario
• $488 for an individual
• $244 for a spouse or common-law partner
• $122 per child under 19
• $244 for the first child in a single-parent family
Manitoba
• $528 for an individual
• $264 for a spouse or common-law partner
• $132 per child under 19
• $264 for the first child in a single-parent family
Saskatchewan
• $680 for an individual
• $340 for a spouse or common-law partner
• $170 per child under 19
• $340 for the first child in a single-parent family
Alberta
• $772 for an individual
• $386 for a spouse or common-law partner
• $193 per child under 19
• $386 for the first child in a single-parent family
The CRA does not charge or give interest on any CAIP overpayments or underpayments.
Starting in July 2023:
Newfoundland and Labrador
• $164 for an individual
• $82 for a spouse or common-law partner
• $41 per child under 19
• $82 for the first child in a single-parent family
Nova Scotia
• $124 for an individual
• $62 for a spouse or common-law partner
• $31 per child under 19
• $62 for the first child in a single-parent family
Prince Edward Island
• $120 for an individual
• $60 for a spouse or common-law partner
• $30 per child under 19
• $60 for the first child in a single-parent family
New Brunswick
• $92 for an individual
• $46 for a spouse or common-law partner
• $23 per child under 19
• $46 for the first child in a single-parent family
What are CAIP Payment Dates?
CAIP payments are scheduled quarterly on the 15th of April, July, October, and January. If the 15th falls on a weekend or federal holiday, the payment is made on the last business day before the 15th.
As 15 October falls on Sunday, the payments are disbursed on October 15.
How to Claim CAIP if you are new to Canada?
New residents can apply for the CAIP by completing specific forms based on their family situation. However, you don’t need to apply for CAIP if you’re not a new resident; eligibility is determined when you file your income tax and benefit return.
