The B.C. Ministry of Finance reports some British Columbians will receive tax credit and family benefit payments this month.

First in 2025 will be the quarterly climate action tax credit with payments expected to arrive in bank accounts on or around today, Friday, Jan. 3.

Approximately 65% of families and individuals in B.C. receive money through this credit. The average annual credit is an estimated $440 for individuals with no dependent children, $680 for single-parent families and $613 for multi-parent families.

Later in January, more than 340,000 families with lower or middle incomes will receive a BC Family Benefit payment, including a temporary cost-of-living bonus.

The 25% increase means an average of $445 more a year for families. A family of four can receive as much as $3,563 a year, while a single parent with one child can receive as much as $2,688 per year. The family benefit is deposited in bank accounts around the 20th of each month.

“I know the high cost of living can cause pressure for so many people during the holiday season,” said Brenda Bailey, Minister of Finance. “While high prices persist across the country and around the world, we are working hard to help offset costs for people in B.C. with tax credits that put more money into people’s pockets when they need it most.”

People can find out how to access provincial government benefits and savings programs on the BC Benefits Connector, which is available online.

Many of the benefits and tax credits are automatically sent to eligible people if they have filed their income taxes.

These are payments from the B.C. government and delivered on the province’s behalf by the Canada Revenue Agency, and appear on bank statements as payments from the Government of Canada.

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