B.C. cost saving programs kick in this month

The B.C. government says many residents will have more money in their bank accounts as a result of the BC Affordability Credit.

Finance Minister Katrine Conroy said, as part of the one-time program which was first announced last fall and takes effect this month, 85 per cent of residents will automatically receive a full or partial credit through the Canada Revenue Agency.

She said it will provide as much as $164 per adult and $41 per child, adding up to about $400 for a family with two children to help with their expenses.

Click here for more on the credit.

“The winter season often brings extra expenses for people and, with the rising costs we’re seeing around the world, it can add stress to already stretched household budgets,” Conroy said. “We know it won’t cover all the bills, but hopefully this little extra from the BC Affordability Credit will help take a bit of the pressure off as we head into a new year.”

B.C. families will get more help this month with the first of three enhanced BC Family Benefit payments on Jan. 20, 2023. The January, February and March payments will include as much as an additional $58.33 per child, for each month. A family with two children will receive as much as $350.

The province said 75 per cent of B.C. families will receive a full or partial BC Family Benefit, and approximately 84 per cent of those families will get at least $50 per month, per child.

Click here for more information on B.C. government support programs.