Photo Courtesy: Province of British Columbia, Flickr

By CKPG Today

supports for BC

Province confirms COVID-19 supports for people and businesses with new legislation

Jun 25, 2020 | 6:00 AM

VICTORIA—The province has announced new legislation that confirms supports for British Columbians and businesses, while responding to the fiscal impacts of COVID-19 by allowing government to run deficit budgets.

The amendments will authorize deficit budgets for the next three years, while the province supports economic recovery from the COVID-19 pandemic.

“Much has changed since we released Budget 2020, and deficits will occur as a result of lower government revenues and our plan to invest in people and support our province’s recovery.”—Carole James, Minister of Finance

Additionally, the amendments allow government to continue to table supplementary estimates before the legislative assembly. The amendments also clarify the existing limits and uses of special warrants while the legislative assembly is not in session to maintain essential services and respond to provincial emergencies and disasters like a pandemic.

The Economic Stabilization Act brings the B.C. Emergency Benefit for Workers into law and updates the eligibility date to March 1, 2020. The change will allow people whose income is affected by COVID-19 and who filed federal employment insurance claims between March 1 and March 15 to benefit from the support. The application for these individuals will be available as of June 26, 2020. According to the province almost 600,000 people have been approved to receive the benefit to date.

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The legislation also confirms several previous announced supports for people and businesses from the COVID-19 Action Plan:

• authorizing filing and payment deferrals for employer health tax, provincial sales tax, hotel tax, carbon tax, motor fuel tax and tobacco tax to Sept. 30, 2020;
• postponing the date that late payment penalties apply for commercial properties in classes 4,5,6,7 and 8 to Oct. 1, 2020, to give businesses and landlords more time to pay their reduced property tax, without penalty;
• allowing municipalities to keep school taxes and the police tax collected for the Province until January 2021; and
• requiring municipalities to remit taxes they collect for TransLink in July 2020 so it can continue operating, as well as allowing other municipalities to continue to make their service payments to BC Transit.

Other measures from the B.C. COVID-19 Action Plan are being done through regulation, such as reducing the school property tax rate for commercial properties, enhancing the B.C. climate action tax credit and pausing B.C. student loan payments.