Financial Supports in Response to COVID-19

Last Updated: March 27, 2020

Funding for critical services is increased by $1.7 billion to support:

  • Health care pressures due to the COVID-19 outbreak
  • Social services and vulnerable populations
  • Housing and shelter programs
  • First Nations Health Authority

B.C. Emergency Benefit for Workers

The B.C. Emergency Benefit for Workers will provide a one-time $1,000 payment to people who lost income because of COVID-19.

Climate Action Tax Credit

A one-time enhancement to the climate action tax credit will be paid in July 2020 for moderate to low-income families:

  • An adult will receive up to $218.00 (increased from $43.50)
  • A child will receive $64.00 (increased from $12.75)

Renters, Homeowners and People Experiencing Homelessness

Funding for housing supports are increased to ensure people can maintain their housing in the event of job or income loss.

B.C. Student Loans

Starting March 30, 2020, B.C. student loan payments are automatically frozen for six months. 

Monthly Bills

BC Hydro

  • Customers can defer bill payments or arrange for flexible payment plans with no penalty through the COVID-19 Customer Assistance Program
  • Customers experiencing job loss, illness or lost wages due to COVID-19 can access grants up to $600 to pay their hydro bills through the Customer Crisis Fund

ICBC


Tax Relief for Businesses

The following provincial taxes have been deferred, delayed or reduced:

  • Deferred Tax Payments for Businesses
  • Delayed PST Budget 2020 Tax Changes
  • Delayed Carbon Tax Increase
  • Reduced School Tax for Businesses