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Posted: February 28, 2023

More cost-of-living support coming this spring

Another BC Affordability Credit is being distributed this April.

Approximately 85% of British Columbians will receive an additional full or partial payment as early as April 5, in the same way they received January’s BC Affordability Credit.

The April payment will provide as much as $164 per adult and $41 per child, or approximately $410 for a family with two children.

“Too many people are struggling with rising prices right now driven by global inflation. By providing this targeted affordability credit, lower- and middle-income British Columbians will have a bit more money to help them make it to the end of the month,” said Premier David Eby. “From car insurance to hydro rates to child care costs, we’ll take every opportunity available to us to reduce the costs of daily life for British Columbians.”

“When times are tough, government should be in people’s corner and defending people from the impacts of global uncertainty now, while helping create a strong future where everyone can build a good life,” said Katrine Conroy, Minister of Finance.

This credit is the most recent in a series of cost-of-living measures announced since fall 2022. They include capping rent increases, supporting families with back-to-school expenses, delivering a BC Hydro cost-of-living credit and freezing ICBC rates for two years. Other supports include three enhanced BC Family Benefit payments in January, February and March 2023, which are providing as much as an additional $58 per child each month, and reaching more than half a million children annually in B.C.

The BC Affordability Credit is paid with the Climate Action Tax Credit through the Canada Revenue Agency.

It may take as many as 10 days to be deposited.

Individuals receiving the BC Affordability Credit will get an average of approximately $160 through each credit.

Families with two adults receiving the BC Affordability Credit will get an average of $255.

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