The Government of British Columbia has announced a one-time, tax-free payment for eligible families, single parents, and individuals residing in British Columbia.

The BC Recovery Benefit is a direct deposit payment of up to $1,000 for eligible families and single parents and up to $500 for eligible individuals. The benefit amount that you will be eligible for will be automatically calculated based on your 2019 net income if you apply.

Who is eligible for the BC Recovery Benefit:

Eligibility Group2019 Net IncomeEligible Amount
Eligible families & single parentsUp to $125,000$1,000
Eligible families & single parentsUp to $175,000Reduced benefit amount
Eligible individualsUp to $62,500$500
Eligible individualsUp to $87,500Reduced benefit amount

 The benefit is available to people who meet the following general eligibility criteria:

What do you need to apply for the BC Recovery Benefit?

To apply for the BC Recovery Benefit, you will need the following:

Online applications open December 18, 2020 and the deadline to apply is June 30, 2021. Support is available by phone (1-833-882-0020) starting December 21, 2020.

For the specific eligibility criteria and more information on the BC Recovery Benefit, please visit the BC Government Website.

Written by: Patrick Caffrey, CPA, CA.

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