{"id":3980,"date":"2020-12-18T08:00:00","date_gmt":"2020-12-18T15:00:00","guid":{"rendered":"https:\/\/ltwealth.ca\/?p=3980"},"modified":"2020-12-18T09:56:10","modified_gmt":"2020-12-18T16:56:10","slug":"bc-recovery-benefit","status":"publish","type":"post","link":"https:\/\/crossborderwealth.ca\/2020\/12\/18\/bc-recovery-benefit\/","title":{"rendered":"BC Recovery Benefit"},"content":{"rendered":"

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

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.

<\/p>\n\n\n\n

Who is eligible for the BC Recovery Benefit:<\/h3>\n\n\n\n
Eligibility Group<\/th>2019 Net Income<\/th>Eligible Amount<\/th><\/tr><\/thead>
Eligible families & single parents<\/td>Up to $125,000<\/td>$1,000<\/td><\/tr>
Eligible families & single parents<\/td>Up to $175,000<\/td>Reduced benefit amount<\/td><\/tr>
Eligible individuals<\/td>Up to $62,500<\/td>$500<\/td><\/tr>
Eligible individuals<\/td>Up to $87,500<\/td>Reduced benefit amount<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

 The benefit is available to people who meet the following general eligibility criteria:<\/p>\n\n\n\n