what is canada cai on my bank statement

what is canada cai on my bank statement

1 year ago 66
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The Canada Climate Action Incentive (CAI) payment is a quarterly benefit that is paid to residents of Alberta, Saskatchewan, Manitoba, and Ontario to offset the cost of the federal pollution pricing. The CAI payment program is designed to keep affordability and fairness in mind, with eight out of ten households getting more money back than they pay in, and low- and middle-income households benefitting the most. The CAI payment is a tax-free amount paid to help individuals and families offset the cost of the federal pollution pricing. The payment consists of a basic amount and a supplement for residents of small and rural communities. If you are registered for direct deposit, you will see these payments in your bank accounts as “Climate Action Incentive” (wording may vary based on financial institution) . The quarterly CAI payment comes alongside new proposed affordability measures that would provide much-needed relief to Canadians who are struggling with the rising cost of living.

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