BC government cancels carbon tax and tax credit
On March 31st, the BC government announced that it would be cancelling the carbon tax, effective April 1st, 2025. As a result, the BC climate action tax credit (BCCATC) has also been cancelled.
Clients who have already filed their taxes will see a BCCATC amount listed for the year, but this payment will not actually happen. The final payment was on April 4, 2025.
More info: https://news.gov.bc.ca/releases/2025FIN0014-000280