February 22, 2024
Budget 2024: Taking action for people, families in B.C.
Excerpt: "The B.C. government is helping people with everyday costs, including delivering more affordable homes, reducing the cost of child care, providing more meals and snacks in schools and boosting skills training so people can access good-paying jobs. Budget 2024 builds on this foundation by keeping more money in people’s pockets during tough times. More families with children will get more help with costs. Families will see a 25% increase to their monthly BC Family Benefit, with $248 million for a one-year BC Family Benefit Bonus, starting in July 2024; A family of four would receive up to $2,850 per year and with the bonus will now receive as much as $3,563; A single parent with one child would receive up to $2,250 and will now receive as much as $2,688 per year; On average, families will receive $445 more; More families will benefit. Approximately 66,000 more families, or 25% more, will receive the benefit and the bonus this year. A total of 340,000 families will benefit during the 12-month period."