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Third BC Affordability Credit arriving
Approximately 85% of British Columbians will receive a full or partial BC Affordability Credit payment as early as today, April 5.
The majority of eligible people will see the credit automatically deposited into their bank account. The amount is based on income and family size, providing as much as $164 per adult and $41 per child, or approximately $410 for a family with two children.
“Many British Columbians continue to struggle with the costs of everyday life due to global inflation,” said 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.”
“As prices remain higher and people’s dollars are stretched, we are focused on supporting those who need it most,” said Katrine Conroy, Minister of Finance. “We are in a strong position to continue to be there for British Columbians.”
This is the third BC Affordability Credit to be delivered since last fall. Combined, these credits put approximately $1.5 billion into the pockets of British Columbians.
The province encourages anyone who has not filed their tax returns to do so to ensure eligible people and families in B.C. do not miss out on cost-of-living supports available to them.
The BC Affordability Credit is paid through the Canada Revenue Agency alongside the BC Climate Action Tax Credit and any federal GST payments.
It may take up to 10 days to be deposited.
Individuals receiving the BC Affordability Credit will get an average of approximately $160 through each credit.
Families with two adults receiving the BC Affordability Credit will get an average of $255.
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