B.C. residents can get a financial boost with the launch today (Friday) of the B.C. Recovery Benefit.
An estimated 3.7 million individuals and families, or 90% of all B.C. adults, are eligible for the benefit. Eligibility includes:
* $1,000 for families with annual incomes under $125,000. Families earning up to $175,000 will qualify for a reduced benefit amount. Single-parent families also qualify for these benefit amounts.
* $500 for single people with annual incomes under $62,500. Single people earning up to $87,500 will qualify for a reduced benefit amount.
The one-time tax-free benefit will be based on your 2019 income.
Applying online is the easiest way to receive the BC Recovery Benefit. To apply, British Columbians can visit: gov.bc.ca/recoverybenefit
Applications will close in June 2021.