More than two million families and individuals are getting more help with costs as higher Climate Action Tax Credit payments arrived in bank accounts starting Friday, July 5, 2024.

More than two million individuals and families will see more money in their bank accounts as the climate action tax credit arrives this week.

This week, more than two million families and individuals will receive their third quarterly Climate Action Tax Credit payment.

An enhanced Climate Action Tax Credit landed in people’s bank accounts last week as a one-time payment to help support people facing affordability challenges.

The Province’s year-end Public Accounts show B.C. had a strong fiscal result last year, bolstered by a faster-than-expected economic recovery as government made record investments to support British Columbians.

Heat pumps are more affordable than ever in B.C. with a provincial sales tax (PST) exemption and the launch of a new incentive to help people switch to the cleaner, energy-efficient technology that works in warm and cold climates.