B.C. residents will receive payments for everyday expenses
They won't even need to apply for it.
As early as April, many B.C. families will receive another payment under a special BC Affordability Credit assistance program linked to rising inflation and aimed at reducing the cost of living in the province.
They won't even need to file any statements: the size of a one-time payment aimed at reducing household expenses is based on the net income and family size. All that is needed is to file an income tax return on time.
According to a recent press release, 85% of B.C. residents will automatically receive full or partial money assistance through the Canada Revenue Agency (CRA) in April, just as it already did in January.
Low— and middle-income provincial residents qualify for the program. Provincial adults will receive an additional $164 to their account, $41 for one child and $410 for a family with two children.
The payment is part of a package to lower the cost of living in B.C. and is intended to help residents of the province pay for rising rents, for example.
"The province's residents and its small businesses are feeling the pressure of global inflation," British Columbia Premier David Eby said in the press release. "By transferring a little extra money into their accounts, we're trying to help them make it to the end of the month. This money can be spent on anything from car insurance to childcare costs. We're doing everything we can to lower the cost of daily living in B.C."
"In hard times, the government should support people, protect them from the impact of global uncertainty, and help create a future in which everyone can look forward to a good life," said Minister of Finance Catherine Conroy.
