B.C. Premier John Horgan and Finance Minister Carole James in the legislature, Oct. 16, 2018. (Hansard TV)

B.C. announces $5 billion financial relief for COVID-19 pandemic

Renters, small business to get assistance quickly, John Horgan says

The B.C. government has announced a $5 billion aid package for individuals and businesses affected by the economic shutdown due to the COVID-19 pandemic and restrictions, Premier John Horgan says.

Horgan and Finance Minister Carole James announced their package March 23, saying $2.8 billion will go to people, and $2.2 billion will go to small businesses, with payments flowing even as the details of the programs are worked out.

It includes aid for renters so no one will be evicted due to the coronavirus measures that have shut down much of the economy, Horgan said. It also includes $1.7 billion for additional health care to deal with the illnesses as a result of the virus.

James said the B.C. benefit will include a one-time $1,000 tax-free benefit to people who are unable to work, including those who are eligible for Employment Insurance and other federal aid. Application will be simple, with everyone who qualifies for expanded EI payments also eligible for the B.C. payments, which are targeted to begin in May.

“We know that there are people now who are unable to work and pay their rent and bills,” James said.

Horgan said renter evictions that were already in progress will continue, but “no one will lose their apartment because of COVID-19.” B.C. Housing has suspended evictions from its provincially subsidized housing.

RELATED: B.C. screening care home workers daily after outbreaks

RELATED: B.C. reports three more deaths, but 100 people recovered

The Insurance Corp. of B.C. is allowing for monthly vehicle insurance payments to be deferred up to 90 days, and B.C. Hydro is making available payment deferrals and access to its emergency fund that pays eligible customers up to $600 to keep their power on.

A range of provincial tax payments are being delayed until Sept. 30 for businesses who collect them, including sales tax, fuel and tobacco tax revenue. B.C.’s next carbon tax increase, set for April 1, is also delayed until next September.

James said $500 million has also been earmarked to cover urban commercial property taxes to help businesses recover and get through the year as their business recovers. The finance ministry has allotted $1.5 billion to help businesses recover once the pandemic subsides.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

LETTER: Community support after break and enter a ‘bright light’

Your care and concern is gratefully appreciated and totally unexpected

Green slime being sampled from Williams Lake

Coun. Scott Nelson said Interior Health environmental health officer took samples Tuesday

Two new COVID-19 cases announced in Interior Health region

The total number of cases in the region is at 533

Spirit of community shines through in new Quesnel mural

The mural, which was unveiled Sept. 26, features mosaic tiles painted by local residents

Orange Shirt Society launches first textbook on residential school history

Phyllis Webstad and Joan Sorley worked on the 156-page book to help educate students

B.C. counts 125 new COVID-19 cases, up to 1,284 active

No new deaths or health care facility outbreaks

Lessons from a pandemic: How to design a nursing home that’s safe and love-filled

A look at how one care home is battling the pandemic with the social needs of the elderly in their care

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Winter tires, chains now mandatory along most B.C. highways

Drivers without the proper winter tires – which must also be in good condition – can be fined $109

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Health Canada green-lights rapid COVID-19 test

Health Canada approved the BCube test from Hyris Ltd. in the United Kingdom Sept. 23

First Nations Health Authority chief medical officer concerned with rising COVID-19 cases

“There’s still so much we don’t know and we’re learning everyday about this particular virus.”

FINLAYSON: COVID-related job losses concentrated in urban areas… especially Metro Vancouver

The biggest job losses, in absolute terms, have been in Metro Vancouver

6 puppies rescued in mass seizure on Princeton farm die from illness: BC SPCA

Of the 97 distressed horses, cats and dogs seized, most of the puppies suffered from parvo

Most Read