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British Columbians will soon be able to apply online for the BC Recovery Benefit, which will help residents around the holidays after a tough year financially for many.
Last week, he provincial government introduced the appropriate legislation to secure funding for around 3.7-million British Columbians to receive the tax free benefit.
Starting on Friday, people will be able to apply online to receive either of the following:
- $1,000 for families with incomes under $125,000. Families earning up to $175,000 will qualify for a reduced benefit amount. Single-parent families also qualify for these benefit amounts.
- $500 for single people earning less than $62,500. Single people earning up to $87,500 will qualify for a reduced benefit amount.
"We know that making ends meet during the holiday season is a concern for many families, even without the added stress of a pandemic,” said Selina Robinson, minister of finance.
“These additional supports will mean BC families will have extra dollars to spend when they need it most.”
Robinson added that the benefits will also help stimulate our province’s economy and support small businesses through these difficult times.
To apply and be eligible for the one-time, tax-free benefit, you must meet the following criteria:
- Be a resident of B.C. on Dec. 18, 2020.
- Be at least 19 years old on Dec. 18, 2020.
- Have filed a 2019 income tax return.
- Have their 2019 income tax notice of assessment, and if applicable, their spouse's 2019 income tax notice of assessment.
- Have their social insurance number.
- Have their direct deposit information.
- Have their B.C. driver's licence.
When the time comes on Friday, Dec. 18, you can apply for the benefit through the Government of BC website.
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