Finance Minister Mike de Jong says B.C. may be the only province in Canada to balance its budget for the year ahead.

B.C. BUDGET: Surplus funds low-income assistance

B.C. government ends child support clawback for welfare recipients, puts more money into Community Living B.C.

VICTORIA – Expecting budget surpluses for the next three years, the B.C. government is ending the deduction of spousal child support from social assistance payments and providing modest benefits for other low-income earners.

A target of single parents and poverty advocacy organizations in recent years, the “clawback” of child support payments ends Sept. 1. That is expected to leave about $32 million more over the next three years in the pockets of the parents who receive child support along with income assistance and disability payments, a benefit to 3,200 families and 5,400 children.

Community Living B.C., responsible for developmentally disabled adults, gets an additional $106 million over three years, and $20 million is added to the general budget for income assistance. Caseloads for both are expected to increase and individual payment rates stay the same.

This is also the budget that ends a two-year increase of 2.1 per cent in tax on income more than $150,000 a year. The provincial income tax rate for that tax bracket returns to 14.7 per cent, which de Jong said is part of the lowest personal income tax rates in the country.

At the low end of the income scale, the exemption from paying any personal income tax goes to the first $19,000 earned, up from $18,000.

An early childhood tax benefit begins April 1, with up to $660 a year for each child up to the age of six, designed to assist with child care costs.

This is also the year the province’s training and education savings grant begins to be paid out for children who reach six years old. It is a one-time payment of $1,200 born since Jan. 1, 2007, to be placed in a registered education savings plan.

Finance Minister Mike de Jong said the current fiscal year is expected to finish with a surplus of almost $900 million, due mainly to better than expected personal and corporate income tax revenues, strong retail sales and a one-time adjustment of federal tax payments.

After an additional $3 billion to the ever-growing health care budget and $576 million more for education over the next three years, the surplus for 2015-16 is projected to be $284 million.

VIDEO: Education funding increased for 2015-2018 budgets

Just Posted

Harrison retiree leaves legacy of ‘non-stop ideas’

Ruth Altendorf is remembered as a ‘“bubbly, enthusiastic, outgoing person’

Harrison musician Todd Richard gearing up for album release party in Chilliwack

Todd Richard’s third album, Live Your Life, features all ‘true-story’ songs

Told ‘no’ twice by local shelter, homeless Surrey man sent to Hope anyways

Deemed medically stable, patient was taxied to Hope by hospital when a spot in Surrey wasn’t located

Agassiz speed skater heading to Canada West championships

Mya Onos, 11, is qualified for her first provincials this year, and is now taking on Western Canada

Harrison considers future of memorial bench program

Harrison to keep maintaining bench plaques, council seems to feel new benches could be in the future

Harrison Hot Springs students bring ‘Twelfth Night’ to life

The adaption of Shakespeare’s classic comedy include songs and phrases from Canada’s east coast

European, Canadian regulators to do own review of Boeing jet

Air Canada plans to remove the Boeing 737 Max from its schedule at least through July 1

Prime minister defends Liberal budget measures as sales effort gets underway

Conservatives under Andrew Scheer say it’s a spree funded by borrowing against the future

B.C. lottery winner being sued by co-workers

They claim he owes them $200,000 each, in a lawsuit filed in B.C. Supreme Court in Vancouver

Teacher reprimanded for conduct towards special needs student

Alan Stephen Berry told vice principal he did not have time to use positive strategies

‘Full worm super moon’ to illuminate B.C. skies on first day of spring

Spring has sprung, a moon named in honour of thawing soil marks final super moon until 2020

Having phone within sight while driving does not violate law: B.C. judge

The mere presence of a cell phone within sight of a driver is not enough for a conviction, judge says

Woman punched on the sidelines of B.C. soccer game

Both involved were watching the U21 game in West Vancouver from the sidelines when things got heated

B.C. launches immunization program at schools to stamp out measles resurgence

Vaccination records to be checked at B.C. schools next fall

Most Read