OTTAWA, March 4, 2019 /CNW/ - Canadians know that pollution isn't free. A price on carbon pollution is an essential part of Canada's plan to fight climate change and grow the economy. Pricing carbon pollution is the most efficient way to reduce greenhouse gas emissions and stimulate investments in clean innovation.
The Minister of Environment and Climate Change, Catherine McKenna, visited a Canadian Tire in Ottawa today to highlight how Ontarians can choose to use their Climate Action Incentive payments to save money at home, by investing in things like smart thermostats or energy-efficient LED lighting. In response to Ontarians, Manitobans, New Brunswickers and Saskatchewanians receiving a Climate Action Incentive payment this year, Canadian Tire is showcasing energy-efficient products that are practical, affordable, and will help reduce emissions.
Under the federal carbon pricing system, all individuals in Ontario, Manitoba, New Brunswick and Saskatchewan will receive a Climate Action Incentive payment when they file their taxes this year. A family of four in Ontario will receive at least $307 in 2019.
"With the Climate Action Incentive payment, we are putting more money back into Canadians' pockets to help them reduce their emissions and make life more affordable. Canadian Tire's initiative is a great example of how Canadians can save money and reduce emissions."
– Catherine McKenna, Minister of Environment and Climate Change
- In Ontario, Manitoba, New Brunswick and Saskatchewan, 90% of funds collected under the federal carbon pollution pricing system will be returned directly to families through the Climate Action Incentive payment, and 10% of funds will support municipalities, schools, universities, hospitals, Indigenous groups and small businesses.
- Residents of Ontario, Manitoba, New Brunswick and Saskatchewan can claim the Climate Action Incentive when they file their 2018 Income Tax and Benefit Returns.
- The Government will provide a 10 per cent supplementary Climate Action Incentive payment for individuals who live in small and rural communities, in recognition of their increased energy needs and reduced access to energy-efficient transportation options.
SOURCE Environment and Climate Change Canada
For further information: Sabrina Kim, Press Secretary, Office of the Minister of Environment and Climate Change, 819-743-7138, [email protected]; Media Relations, Environment and Climate Change Canada, 819-938-3338 or 1-844-836-7799 (toll-free), [email protected]