The B.C. government is doling out a third “affordability credit” to thousands of British Columbians beginning Wednesday.
According to the province, around 85 per cent of people within B.C. will receive either a full or partial payment.
“Many British Columbians continue to struggle with the costs of everyday life due to global inflation,” said B.C. Premier David Eby.
“Our government is committed to supporting people through these tough times with several measures, including cost-of-living credits. The third instalment of the BC Affordability Credit will help people pay for the essentials — like a trip to the grocery store or a new pair of shoes for a growing child.”
The majority of people will see the credit automatically deposited into their bank accounts.
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The amount is based on income and family size, providing as much as $164 per adult and $41 per child or $410 for a family with two children.
“As prices remain higher and people’s dollars are stretched, we are focused on supporting those who need it most,” said Katrine Conroy, B.C. minister of finance.
This is the third BC Affordability Credit to be delivered since last fall and, combined, these credits have put $1.5 billion into the pockets of British Columbians.
The BC Affordability Credit is paid through the Canada Revenue Agency alongside the BC Climate Action Tax Credit and any federal GST payments, the province said.
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