â–ş Listen Live
â–ş Listen Live

Province introducing additional cost of living supports

The B.C. government is increasing the next climate action tax credit payment to people in B.C.

It will provide up to an additional $164 per adult and $41 per child.

Provincial officials said this will be an estimated package of $1,500 for a family of four.

The tax-free credit is delivered four times a year with the next being in October.

Provincial officials said about 85 per cent of people in B.C. will benefit from the increase.

The reason for the increase is to combat rising inflation.

“Everyone is feeling the squeeze of global inflation, which is driving up the cost of groceries, gas, and other goods and services,” said Premier John Horgan in a release.

“Our next support measures will help bring down costs for renters, put money back into people’s pockets and offer families a cushion during challenging times.”

The province is also placing a two per cent cap on rent increases for 2023.

For example, if a renter pays $2000 in rent, they will save up to $816 next year.

Increases are also coming to the BC Family Benefit program.

In January, February and March, the benefit will rise by as much as $58.33 per child.

No one needs to apply for either the climate action tax credit or the B.C. family benefit.

They will be automatically received if your income tax filing is up to date.

Josiah Spyker
Josiah Spyker
Josiah is an integral part of our East Kootenay team. Since joining Vista Radio in 2021, he has combined his love of community and sport in his reporting for the news team, while also stepping in as an on-air announcer.

Continue Reading

chnv Now playing play

ckkc Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

B.C. forecast to reach record high $11.6B deficit this year

British Columbia’s deficit is only going up, according to the latest budget update.

B.C. Green candidates shared visions for party future in weekend leadership debate

B.C. Green party candidates faced off in a leadership debate Saturday in downtown Victoria. 

Nelson Police issue e-bike reminder

An increase in e-bike riders, and related complaints, has the Nelson Police Department reminding users they must follow the same rules as vehicles when on the road. 

Elections BC fines 2022 Nelson mayoral candidate

A mayoral candidate in Nelson’s 2022 civic election has been fined under the Local Elections Campaign Financing Act. 

Students lace up for Terry Fox Run

St Joseph students traded in the classroom for sunshine today as they walked for a cause, raising funds and awareness for cancer research in the 45th annual Terry Fox Run.
- Advertisement -