As announced in Budget 2008, the Climate Action Dividend is a one-time payment of $100 for each person — including children – who were resident in British Columbia on December 31, 2007.
Why is the Province providing a Climate Action Dividend?
As British Columbians increase their awareness of climate change, they are starting to make choices to reduce their greenhouse gas emissions. In addition, British Columbia’s new carbon tax, which puts a price on carbon emission and returns those dollars to British Columbians through other tax reductions, is specifically designed to encourage environmentally responsible choices.
The government recognizes that some of these choices may carry additional up-front costs and it can take time for individuals to manage these costs within their personal finances.
From the surplus generated by B.C.’s strong economy, the Province is able to provide a one-time dividend that we hope British Columbians will spend on items that can reduce their greenhouse gas emissions and, by doing so, the amount of carbon tax they would otherwise pay.
This approach allows British Columbians to choose their own unique paths to a lower carbon lifestyle.
More from the SmartChoicesBC web site…
We’re leading the way with Balanced Budget 2008, which overturns the notion that you have to choose either a strong economy or a healthy environment.
In fact, we’re investing more than $1 billion in climate action initiatives. At the same time, we’re introducing new personal and business tax reductions. The changes in Balanced Budget 2008 will give British Columbians, by 2009, the lowest personal taxes in Canada on incomes up to $111,000.
We’re also encouraging innovation and conservation by introducing North America’s first revenue-neutral carbon tax. And starting in late June 2008, British Columbians are eligible to receive a Climate Action Dividend of $100. It’s just one of the ways we’re helping people take action on climate change.
How will you spend your $100?
(got my cheque in the mail today…might donate it to a local charity or upgrade my bike!)
Visit the web site: http://www.smartchoicesbc.ca
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