B.C. Premier John Horgan and Finance Minister Carole James in the legislature, Oct. 16, 2018. (Hansard TV)

B.C. announces $5 billion financial relief for COVID-19 pandemic

Renters, small business to get assistance quickly, John Horgan says

The B.C. government has announced a $5 billion aid package for individuals and businesses affected by the economic shutdown due to the COVID-19 pandemic and restrictions, Premier John Horgan says.

Horgan and Finance Minister Carole James announced their package March 23, saying $2.8 billion will go to people, and $2.2 billion will go to small businesses, with payments flowing even as the details of the programs are worked out.

It includes aid for renters so no one will be evicted due to the coronavirus measures that have shut down much of the economy, Horgan said. It also includes $1.7 billion for additional health care to deal with the illnesses as a result of the virus.

James said the B.C. benefit will include a one-time $1,000 tax-free benefit to people who are unable to work, including those who are eligible for Employment Insurance and other federal aid. Application will be simple, with everyone who qualifies for expanded EI payments also eligible for the B.C. payments, which are targeted to begin in May.

“We know that there are people now who are unable to work and pay their rent and bills,” James said.

Horgan said renter evictions that were already in progress will continue, but “no one will lose their apartment because of COVID-19.” B.C. Housing has suspended evictions from its provincially subsidized housing.

RELATED: B.C. screening care home workers daily after outbreaks

RELATED: B.C. reports three more deaths, but 100 people recovered

The Insurance Corp. of B.C. is allowing for monthly vehicle insurance payments to be deferred up to 90 days, and B.C. Hydro is making available payment deferrals and access to its emergency fund that pays eligible customers up to $600 to keep their power on.

A range of provincial tax payments are being delayed until Sept. 30 for businesses who collect them, including sales tax, fuel and tobacco tax revenue. B.C.’s next carbon tax increase, set for April 1, is also delayed until next September.

James said $500 million has also been earmarked to cover urban commercial property taxes to help businesses recover and get through the year as their business recovers. The finance ministry has allotted $1.5 billion to help businesses recover once the pandemic subsides.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Chilliwack hospital offers thank-you message to community

Chilliwack health-care workers say they have heard everyone’s support throughout COVID-19 pandemic

Outstanding in their field

Agassiz Community Garden activity ramping up

Kent Elementary launches food voucher program

Breakfast, lunch now grocery vouchers amid pandemic

LETTER: A bribe at worst, dangerous at best

Min Wendel of Agassiz condemns the development push for Teacup

School board OK’s sports medicine course

Approves 2020-2021 calendar during March meeting

COVID-19: 4 new deaths, 25 new cases but only in Vancouver Coastal, Fraser Health

A total of 1,291 people have tested positive for the novel coronavirus

COVID-19: Don’t get away for Easter weekend, Dr. Bonnie Henry warns

John Horgan, Adrian Dix call 130 faith leaders as holidays approach

COVID-19: Trudeau says 30K ventilators on the way; 3.6M Canadians claim benefits

Canada has seen more than 17,000 cases and at least 345 deaths due to COVID-19

RCMP call on kids to name latest foal recruits

The baby horses names are to start with the letter ‘S’

As Canadians return home amid pandemic, border crossings dip to just 5% of usual traffic

Non-commercial land crossing dipped by 95%, air travel dropped by 96 per cent, according to the CBSA

Logan Boulet Effect: Green Shirt Day calls on Canadians to become organ donors

While social distancing, the day also honours the 16 lives lost in the 2018 Humboldt Broncos Crash

COMMENTARY: Knowing where COVID-19 cases are does not protect you

Dr. Bonnie Henry explains why B.C. withholds community names

B.C. wide burning restrictions come into effect April 16

‘Larger open burns pose an unnecessary risk and could detract from wildfire detection’

Most Read