The date has been set to start the clock on the NDP government's campaign promise of Christmas cash!
With Finance Minister Selina Robinson outlining the path this morning towards a one time payday for most British Columbians.
To get the money rolling, Legislation was introduced today to secure the funding for close to 3.7 million British Columbians to receive the tax free BC Recovery Benefit.
Families with incomes under $125,000 will be eligible to receive $1,000 and families earning up to $175,000 will qualify for a reduced amount.Single-parent families also qualify for these benefit amounts.
Single people earning less than $62,500 qualify for a $500 payment and individuals earning up to $87,500 will qualify for a reduced amount.
As well, people on income assistance, disability assistance and low-income seniors receiving the senior’s supplement will receive an additional recovery benefit at $150 per month from January 2021 to March 2021.
“We know that making ends meet during the holiday season is a concern for many families, even without the added stress of a pandemic. These additional supports will mean B.C. families will have extra dollars to spend when they need it most. These benefits will also help stimulate our local economy and support small businesses that are working hard and providing good jobs for people. This is an important part of how we recover.” -- Selina Robinson, Minister of Finance
To get on the receiving list though you will have to apply, with the first day for applications coming up on Friday December 18th, the province will provide the link for applicants as the application period gets underway.
The Premier observed today that British Columbians came together through the pandemic period and how this difficult year ends with hope and promise for a continued recovery.
“As 2020 draws to a close, we look back on a year like no other. British Columbians came together to face the challenge of COVID-19 with resilience and strength, but the road to recovery is still ahead of us. We have worked hard to get the B.C. Recovery Benefit to people as soon as possible. We are united with the millions of people and families who are wrapping up a difficult year and look forward to a new year with hope and the promise of a continued recovery.”
The push to get the Holiday cash out is the main focus for MLA's through the course of the two week session now underway, the Finance Minister observed that she is hopeful that the funds will be in the hands of British Columbians in time for Christmas.
You can review more of the Provincial government statement here, and learn more about the Recovery Benefit program here.
Further notes related to the Legislature can be explored here.
Cross posted from the North Coast Review.
No comments:
Post a Comment