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This is the reason why Ontario residents will receive money from the government this week

This is the reason why Ontario residents will receive money from the government this week

By عبد السلام

Published: July 14, 2022

The government will issue a check  to some residents of Ontario this week.

This is because the first installment of the Canada Action Incentive Payment (CAIP) is scheduled to be issued on July 15, along with a retroactive payment for April.

CAIP is a tax-free payment created to help offset the cost of the federal pollution pricing.

This follows the federal government's move in 2019 to set a national price on carbon pollution.

In the past, CAIP was delivered as a refundable credit claimed annually, but as of this month, the government has moved to quarterly installments.

Payments are only available to people living in Ontario, Alberta, Saskatchewan, and Manitoba.

The amount residents receive depends on their family status and the province they live in.

In Ontario, the program provides an annual credit of:

-$373 for an individual

-$186 for a spouse or partner 

-$93 for each child under 19 years old

-$186 for the first child in a single-parent family

There is also a rural supplement of 10 percent of the base amount for residents of small and rural communities.

Residents do not need to apply for CAIP. Instead, the Canada Revenue Agency (CRA) will determine who is eligible based on income taxes and benefit returns. To receive CAIP payments, income taxes and benefit returns must be filed every year.

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