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BC government announces 2 tax credit boosts, rent increase cap for 2023 | FULL

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The B.C. government is boosting the next Climate Action Tax Credit payment and B.C. child opportunity benefit, and capping rent increases next year in an attempt to address the soaring cost of living.

The measures announced by Premier John Horgan on Wednesday could save a family of four up to $1,500. The child opportunity benefit has also been changed to the B.C. Family Benefit.

“Everyone is feeling the squeeze of global inflation, which is driving up the cost of groceries, gas, and other goods and services,” Horgan said.

“Our next support measures will help bring down costs for renters, put money back into people’s pockets and offer families a cushion during challenging times.”

For more info, please go to https://globalnews.ca/news/9111675/bc-cost-of-living-supports-horgan/

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Category
U.S. & Canada
Tags
global news, canada, Bank of Canada
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