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

UPDATE: Speed, alcohol not ruled out as factors in crash that left one person dead

Police watchdog, Campbell River Major Crimes Unit are investigating

Campbell River Isolationpalooza II

Featuring all local musicians! The Mirror’s virtual concert, of sorts!

WATCH: Emergency services joins nightly salute to Campbell River frontline workers

Parade with lights and sirens stopped in front of Campbell River Hospital

Campbell River Storm says make some noise for healthcare workers

Car horns, pots and pans, applause and yelling all encouraged

Campbell River grocers working to provide essential service

Ongoing list of hours and details about local grocery stores

Evening world update: U.S. restrictions extended 30 days; NY deaths near 1,000

Comprehensive world update, with the latest developments in the COVID-19 crisis

‘It’s up to us: Recently-returned B.C. couple urges Canadians to take COVID-19 seriously

Garrett Kucher and Tory Apostoliuk make it home after almost a week of lockdown in Spain

‘Nothing concrete’: Tenants, landlords lack details after B.C. unveils COVID-19 rental aid

Single mom in Golden says she’s already going to the food bank after being laid off

Canada will make sure masks sent by China meet quality standards: Trudeau

Chinese Embassy tweeted that China was sending 30,000 medical masks along with gowns, gloves and goggles

B.C. issues guidelines about distancing, reusable bags to grocery stores amid COVID-19

Hand sanitizer and markers to keep lines two metres are apart are needed, province says

No plans to call in military right now to enforce COVID-19 quarantine: Trudeau

Trudeau unveils $7.5M for Kids Help Phone, $9M for vulnerable seniors amid COVID-19

Most Read