BC Affordability Credit Beginning This Month

You might be seeing a few extra bucks in your pocket beginning this month with the BC Affordability Credit.

“The winter season often brings extra expenses for people and, with the rising costs we’re seeing around the world, it can add stress to already stretched household budgets,” said Katrine Conroy, Minister of Finance.

“We know it won’t cover all the bills, but hopefully this little extra from the BC Affordability Credit will help take a bit of the pressure off as we head into a new year.”

85% of British Columbians will automatically receive a full or partial credit through the Canada Revenue Agency. The credit will provide as much as an additional $164 per adult and $41 per child, which will be as much as $410 for a family with two children.

The province says half of those eligible will be getting the full credit.

Also, the first of three enhanced BC Family Benefit payments will roll out on January 20th.

The January, February and March payments will include as much as an additional $58 per child, for each month. A family with two children will receive as much as $350 from this top-up.

These credits are two of the cost-of-living measures announced in the fall.

This package will put close to $2 billion back in British Columbians'

pockets to help them get by as costs continue to rise due to global inflation.