Recent tax cuts in BC and across Canada were meant to ease financial pressure for Canadians. However, for many low-income individuals, particularly for people with disabilities, these policy changes are having the opposite effect. Earlier this year, the provincial government removed the BC consumer carbon tax which meant the end of the BC Climate Action Tax CreditContinue reading “The Price of Tax Cuts: Why Reducing Taxes Cost Low-Income Communities More”
Tag Archives: tax credits
BC government cancels carbon tax and tax credit
On March 31st, the BC government announced that it would be cancelling the carbon tax, effective April 1st, 2025. As a result, the BC carbon action tax credit (BCCATC) has also been cancelled. Clients who have already filed their taxes will see a BCCATC amount listed for the year, but this payment will not actuallyContinue reading “BC government cancels carbon tax and tax credit”
The $400 BC renter’s tax credit is new for the 2023 tax year
By Vickie Smith, Tax AID Program, Active Support Against Poverty Society For the 2023 tax year, renters in British Columbia can claim a new tax credit of up to $400. Here’s what you need to know about the credit and how to claim it. This is a refundable credit: meaning if you do not have anContinue reading “The $400 BC renter’s tax credit is new for the 2023 tax year”
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