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.
