Bigger and more B.C. family benefit cheques coming in July

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With the provincial government set to increase its debt from $89 billion to $156 billion between 2022 and 2027, some tax money is trickling back down to families.

As the B.C. government piles up more debt ahead of this October’s election, Premier David Eby announced in Chilliwack on Monday some modest increases to the BC Family Benefit, previously disclosed during the spring budget.

For instance, families with net income below $114,887 will be guaranteed the following minimum amounts annually: $969 for a family's first child ; $937 for a family's second child ; and $906 for each additional child .About 340,000 families with children, which is 66,000 more than last year, will receive the benefit through monthly deposits in their bank accounts or mailed cheques, as administered by Canada Revenue Agency and as a combined payment with the federal Canada Child Benefit.

And, the maximum payment will increase for those low-income families: $2,188 for a family's first child ; $1,375 for a family's second child ; and $1,125 for each additional child . A two-parent family with two kids will, on average, receive $1,760, with the maximum amount set at $3,563 annually. Single-parent families typically qualify for higher payments and will receive, on average, $2,790 annually, according to a government statement issued Monday.

 

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