VANCOUVER (NEWS 1130) – British Columbians are now able to apply for the BC Recovery Benefit — a one-time, tax-free payment of up to $1,000 for eligible families and single parents, and up to $500 for eligible individuals.
People will need to apply to be able to access the money.
Once you’re on the website, make sure you scroll down and click on “Submit your application.”
For those who don’t want to apply online, they will have to wait until Dec. 21, when a call centre will be available.
If all goes according to plan, some people could receive their payment by Christmas, the province said earlier this month.
The payment will be directly deposited into bank accounts and the amount varies depending on income. Families earning less than $125,000, with a sliding scale to $175,000, could receive up to $1,000. Individuals earning less than $62,500 could see up to $500. Individuals with a net income of up to $87,500 could see a reduced benefit.
The finance minister has said that up to 3.7 million people will be eligible for a benefit and some could see it by the end of the year.
Here’s what you’ll need to apply for the BC Recovery Benefit:
- Your net income from your 2019 tax return. This number can be found on Line 23600 of your 2019 income tax return.
- Your social insurance number
- Driver’s licence number
- Direct deposit information
For more information on eligibility criteria and where to apply, click here.
Once applications open, British Columbians will have until June 30, 2021 to apply.