MAKING YOUR LIFE MORE AFFORDABLE

Our government is working to make life more affordable and making decisions to benefit all British Columbians.

MAJOR INVESTMENTS IN PROGRAMS AND TAX CUTS

B.C. CHILD OPPORTUNITY BENEFIT

Starting in October 2020, families with one child will receive up to $1,600 per year, those with two children will receive up to $2,600, and those with three children will receive up to $3,400.

ELIMINATING INTEREST ON STUDENT LOANS

  • B.C. student loan interest has been eliminated as of February 19, 2019.

PUTTING MONEY BACK INTO PEOPLE’S POCKETS

  • MSP premiums will be fully eliminated on January 1, 2020, saving families as much as $1,800 per year.
  • For a family of four earning $80,000, net provincial taxes will be reduced by 43% since 2016, putting almost $2,400 back into the pocket of this family.

COMMUNITY-BASED RENT BANKS

  • Providing funding for rent banks that will support renters across the province who need an immediate, short-term loan to prevent unnecessary eviction.

SUPPORTING CAREGIVERS

  • Community Living BC homeshare providers will see the first increase to their compensation since 2009.
  • Family-based caregivers looking after children will see their support payments increase by $179 per month starting April 1, 2019.
  • Extended family, like grandparents and aunties who support children and keep them out of care, will have their support payments increased to match those of foster parents.

MADE-IN-B.C. CHILD CARE PLAN

FEE REDUCTION FOR LICENSED CHILD CARE SPACES

  • Delivering a fee reduction for parents of children in licensed care of up to $350 per month, $4,200 per year, for more than 52,000 child care spaces.

THE AFFORDABLE CHILD CARE BENEFIT

  • Available to all families in B.C. earning up to $111,000, saving them up to $15,000 per year, per child.

EXPANDING THE AVAILABILITY OF QUALITY CHILD CARE

  • Providing $237 million over three years to support the creation of 22,000 new licensed child care spaces.