Increased BC Family Benefit payments will be arriving in bank accounts this summer, to help families, the province says, with rising expenses due to inflation.
“With global inflation and high interest rates driving up daily costs, we know families are being hit hard right now,” said Premier David Eby.
“We’re increasing support to low- and middle-income British Columbians through an expanded BC Family Benefit. Getting a little extra money to families for the basics is one of the ways we’re helping people who are feeling squeezed right now.”
Families will receive on average $445 more than last year with a one-year bonus added to BC Family Benefit payments.
About 340,000 families with children, which is 66,000 more than last year, will receive the benefit through monthly deposits in their bank accounts or mailed cheques starting in mid-July.
The 25% increase through the bonus means a family of four could potentially receive as much as $3,563 annually, while a single parent with one child could receive as much as $2,688.
The BC Family Benefit is a payment from the Government of B.C. delivered to people by direct deposit or cheque as a payment from the Canada Revenue Agency and arrives as a combined payment with the federal Canada Child Benefit.
The Province will not contact people by text message. A text message about a tax credit is most likely fraudulent.
To see the full release, visit Government of British Columbia.