British Columbians affected by the COVID-19 pandemic will benefit from $5 billion in income supports, tax relief and direct funding for people, businesses and services.
"The COVID-19 pandemic challenges our health, our economy and our way of life. People and businesses urgently need support," said Premier John Horgan. "Our action plan focuses on services to protect people's health and safety, gives immediate relief to people and businesses, and plans for B.C.'s economic recovery over the long term."
The COVID-19 Action Plan is the government's first step to provide relief to people and businesses in British Columbia. The plan dedicates $2.8 billion to help people and fund the services they need to weather the crisis; $2.2 billion will provide relief to businesses and help them recover after the outbreak.
B.C.'s COVID-19 Action Plan builds on the federal government's COVID-19 economic plan and boosts supports for British Columbians who are worried about paying their bills and staying afloat.
Of the $2.8 billion allocated to ensure people have the services and support they need during this difficult time, the B.C. government is dedicating $1.1 billion to boost the income of people affected by COVID-19.
A new B.C. Emergency Benefit for Workers will provide a tax-free $1,000 payment to British Columbians whose ability to work has been affected by the outbreak. The benefit will be a one-time payment for British Columbians who receive federal Employment Insurance (EI), or the new federal Emergency Care Benefit or Emergency Support Benefit as a result of COVID-19 impacts. This includes workers who have been laid-off, who are sick or quarantined, parents with sick children, parents who stay at home from work while child care centres and schools are closed, and those caring for sick family members, such as an elderly parent. The workers can be EI-eligible and non-EI eligible, such as the self-employed. The benefit will be paid to B.C. residents, in addition to their federal income supports.
The COVID-19 Action Plan takes further steps to boost income supports by increasing and expanding the B.C. Climate Action Tax Credit in July 2020. As many as 86% of British Columbians will see some extra money from this enhancement. Eligible families of four will receive up to $564 and eligible individuals will receive up to $218 in an enhanced payment. This boosts the regular climate action tax credit payment of up to $112.50 per family of four and up to $43.50 per adult.
Further Details - www.gov.bc.ca/covid19
Premier John Horgan has just announced a five-billion-dollar action plan to support British Columbians impacted by COVID-19
- $2.8 billion for people and services
- $2.2 billion for business
Minister Carole James broke down the funding further.
- $1.7 billion for critical services
- $1.1 billion for workers laid-off ($1,000 tax-free payment)
- BC Student Loan payments frozen from March 30 – September 30
- Multiple new taxes will be delayed, including the Carbon Tax increase
Minister James also announced funding for a recovery plan.
Further details to follow