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climate action incentive payment

As Canadians navigate through tax season in 2024, it's important to brush up on any new benefits and credits that the Government of Canada offers.

Considering the cost of living in Canada has risen exponentially in the last few years, it's safe to say Canadians are looking for ways to save money or programs offered by the federal government that can help offset inflation in Canada.

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The Government of Canada is extending a variety of federal benefits and credits to eligible Canadians in February of 2024, which can provide necessary financial assistance amidst rising living costs across Canada, particularly for low-income residents.

Considering the cost of rent, groceries and day-to-day necessities have gone up, it's important to verify your eligibility for these government financial programs — as you may be entitled to hundreds of dollars throughout the month.

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Amidst the rising costs, the Government of Canada has a lineup of federal benefits and credits to lend a helping hand. From the Canada Pension Plan and Old Age Security pension to the GST/HST Credit, Canada Child Benefit, and the Canada Workers Benefit, these programs aim to provide some financial breathing room for individuals and families grappling with the economic pinch.

It's important to verify if you're eligible for any government benefits and credits, as you could be entitled to hundreds of dollars next month.

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It's no secret that with the rise in the cost of living across Canada, many residents are pinching their pockets, saving where they can, when they can.

For Canadians struggling amidst the rising cost of rent, grocery prices and day-to-day necessities, a handful of government benefits and credits are available in 2024. It's recommended that Canadians verify their eligibility as they could be entitled to thousands of dollars next year.

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The Government of Canada has a number of benefits, payments and credits that will be sent out to eligible Canadians in October 2023.

For Canadians struggling with the rising cost of groceries, rent and just about everything else, it's best to double-check your eligibility for a number of federal programs since you could be paid out hundreds of dollars throughout the month.

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Pollution pricing may sound like a capitalist hell term, and in many ways, it is! Canada's system of charging a premium on polluting materials that contribute to climate change is intended to discourage their use and incentivize innovation that lessens dependence on them. Thankfully for the average Canadian's bank account, the feds also have a system of returning some of that lost income back to residents through what's called the Climate Action Incentive Payment program, which is expanding to more provinces later in 2023.

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