B.C. Premier David Eby announces more cost-of-living supports

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SURREY, B.C. — British Columbia Premier David Eby announced another round of the BC Affordability Credit on Saturday to help offset inflation costs as he marked 100 days at the province's helm.

The province said in a news release that around 85 per cent of British Columbians will receive a full or partial payment as early as April 5 through the Canada Revenue Agency, just like the funds given in January.

Eby, who was sworn in as B.C.'s 37th premier in November, made the announcement at a news conference marking his first 100 days in office, where he recapped his work so far and set goals for the future. "We have to take action today to deal with our biggest challenges, and that's what the 100-day plan has been all about," he said.

He made the remarks from the Surrey campus of Simon Fraser University, where the province’s new medical school, that he announced in November, will be located.

 

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Premier David Eby announces another affordability tax credit to help lower income residents cope with inflationEby said the credit will provide as much as an additional $164 per adult and $41 per child up to $410 for a family with two kids. He better raise the levels as middle income earners cannot find affordable rentals without roommates in a 1 bedroom. Food costs are up 30-40%. Rentals up 60- 90% in the past 3 years. Housing costs doubled in 6 years. Not affordable for those born and raised in the lower mainland. “. . to commemorate my first 100 days as unelected default leader of British Columbia, I’m going to return $164 dollars of the extra $5 billion we stole from you last year through inflation” You’re welcome, DavidEby 😇 “. . to commemorate my first 100 days as unelected default leader of BC, and not to be upstaged by that bloody ScottMoe (again), I’m going to return $164 dollars of the extra $5 billion we stole from you last year through inflation” . . sincerely, DavidEby . . 🖊️
Source: VancouverSun - 🏆 49. / 61 Read more »

B.C. Premier David Eby announces more cost-of-living supportsSURREY, B.C. — British Columbia Premier David Eby announced another round of the BC Affordability Credit on Saturday to help offset inflation costs as he marked 100 days at the province's helm. Where will this money come from? $164 per adult * (2016 census) 3,557,740 people is $583,469,360.00 or $0.5Billion // 583 Million. If we are printing it from thin-air, I'm afraid this will drive inflation by increasing the amount of money in the economy without increasing goods. No didn’t. This was info we knew 6 months ago. Bandaids don’t work, weneed an actual increase of housing suppply b4 anything else. NDP has sunk our housing in bc Why do politicians treat their political anniversaries as some sort of time for celebration?
Source: timescolonist - 🏆 15. / 75 Read more »