BC residents set to receive Climate Action Tax Credit in next few days

The Provincial Gov't has a bit more
financial help on the way for residents of BC

The Province of British Columbia is set to deliver some additional cash to more than 80 percent of families who are eligible for a Climate Action Tax credit.

The money started to flow this week and Eligible individuals will receive up to $218, children will receive up to $64 in a one-time increase and a family of four will receive up to $564.

That is a $174.50 boost for individuals, a $51.25 increase for children and a lift of $451.50 for a family of four – double the annual amount eligible households would have received prior to B.C.’s COVID-19 Action Plan.

Finance Minister Carole James noted how the enhanced tax credit will help British Columbians as they deal with the impact on the economy from the COVID pandemic.

“Many British Columbians are still worried about how they can cover costs such as transportation so they can return to work, pay for groceries and find day camps for their children. The enhanced climate action tax credit puts extra money in the pockets of British Columbians for their household expenses and to spend at local businesses. This is a needed boost as we work together to restart the economy.”

The money arrives at the same time as the Federal Government's GST/HST returns, residents who have completed their 2019 BC Tax returns will be eligible for the benefits on the way.

For more notes on today's announcement see this information release from the BC Government.

Further notes related to the work of the Legislature can be reviewed here.