BC Premier John Horgan has announced three new measures to address a rising cost of living in the province, which he blames on "global inflation" among other factors he says are outside the government's control..“Everyone is feeling the squeeze of global inflation, which is driving up the cost of groceries, gas, and other goods and services,” said Horgan, specifically highlighting COVID-19 and the conflict in Ukraine..“Our next support measures will help bring down costs for renters, put money back into people’s pockets and offer families a cushion during challenging times.”.The BC government is increasing the next Climate Action Tax Credit payment, boosting the BC Family Benefit, and capping rent increases next year — all of which officials expect to be worth up to $1,500 for a family of four..“People with lower incomes and people raising children are the most affected by the cost increases we’re seeing around the world,” said Minister of Finance Selina Robinson..“These measures are our next steps in helping to support those who need it most.”.The Climate Action Tax Credit will jump to an additional $164 per adult and $41 per child in October this year, and in January, February, and March of 2023 the BC Family Benefit will rise by up to $58.33 for each child per month..As for rent increases, the government is implementing a 2% increase cap for 2023..About 85% of people living in BC are expected to benefit from the new measures.
BC Premier John Horgan has announced three new measures to address a rising cost of living in the province, which he blames on "global inflation" among other factors he says are outside the government's control..“Everyone is feeling the squeeze of global inflation, which is driving up the cost of groceries, gas, and other goods and services,” said Horgan, specifically highlighting COVID-19 and the conflict in Ukraine..“Our next support measures will help bring down costs for renters, put money back into people’s pockets and offer families a cushion during challenging times.”.The BC government is increasing the next Climate Action Tax Credit payment, boosting the BC Family Benefit, and capping rent increases next year — all of which officials expect to be worth up to $1,500 for a family of four..“People with lower incomes and people raising children are the most affected by the cost increases we’re seeing around the world,” said Minister of Finance Selina Robinson..“These measures are our next steps in helping to support those who need it most.”.The Climate Action Tax Credit will jump to an additional $164 per adult and $41 per child in October this year, and in January, February, and March of 2023 the BC Family Benefit will rise by up to $58.33 for each child per month..As for rent increases, the government is implementing a 2% increase cap for 2023..About 85% of people living in BC are expected to benefit from the new measures.
