Victoria: The BC government has said that people in the province will soon have more money in their bank account in order to fight global inflation and the increased cost of living through this month’s BC Affordability Credit.
The government said approximately 85 per cent of British Columbians will receive a full or partial payment as early as April 5.
“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,” he added.
According to a press release, the majority of eligible people will see the credit automatically deposited into their bank account.
The government said 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.
“As prices remain higher and people’s dollars are stretched, we are focused on supporting those who need it most. We are in a strong position to continue to be there for British Columbians,” said Katrine Conroy, Minister of Finance.