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B.C. NDP promised Family Grant
November 19, 2020
3:56 pm
rqs
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Hello...
This $1000 Family Grant is conditional on family income up to $125,000. They have not defined this as 2019 or 2020 income. And whether this will be based on taxable income or some other base? I have tried different sources but cant seem to find the answer.
I have enquired of the B.C. NDP party but they have responded that they are too busy to answer.
Does anyone know the answer?

November 19, 2020
4:07 pm
AltaRed
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It would be 2020 income.Can't be 2019 since the benefit wasn't even available in 2019. https://www2.gov.bc.ca/gov/content/employment-business/covid-19-financial-supports/emergency-benefit-workers#find-out-eligibility

Application must be made before Dec 2, 2020.

November 19, 2020
4:20 pm
rqs
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Thanks Altared... but that is NOT the grant in question. Your link refers to the B.C. Emergency Benefit for those who lost their employment or self-employment income on or after March 15, 2020.
I am asking about the NDP's election promised Family Grant.10
Anyone else care to try?

November 19, 2020
4:22 pm
AltaRed
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November 19, 2020
4:37 pm
rqs
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Yes ..that's the grant. But that article unfortunately does not answer my questions (or likely those of many others) . I.E. What Income? If it's taxable income , it can't be 2020, the reporting of which is not due for several months. If it's 2019, is the base taxable income? Does the provincial government have access to tax returns for this purpose?

November 19, 2020
4:49 pm
AltaRed
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I suspect the details have yet to be published, but I am guessing they will likely be based on Net Income from 2019 tax returns. There is no rush on this....They are still scrambling.

I might add this kind of bribery irritates me. Way too much like buying votes while adding to the debt.

November 19, 2020
4:58 pm
Norman1
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There's not going to be any details like that because the $1,000 grant is just a campaign promise right now. No legislation has even been introduced as the new BC government has not been sworn in yet.

All there is this right now is this campaign promise from the NDP election platform that the media has been repeating over and over:

A RECOVERY BENEFIT FOR BRITISH COLUMBIANS

We’re helping ease the financial impact of COVID-19 for people in British Columbia who have been hit the hardest.

The pandemic has caused so much pain and hardship for so many people in British Columbia. In a province with a good economy, we’re fortunate that so many have been able to navigate their way through the financial impacts. But for others, the financial stress is felt every day.

The BC Liberals’ answer is to provide tax cuts – but those are proven to help people at the top while making everyone else pay for them through cuts to public services. And those public services are needed now more than ever.

Instead, many of the actions the John Horgan government has taken in our Restart and Economic Recovery plans are helping people find the training and job opportunities to get back on a better financial footing. And to help provide more immediate relief, we will provide:

  • A one-time $1,000 direct deposit to families whose household income is under $125,000 annually – with a sliding scale up to $175,000.
  • A one-time $500 direct deposit to single people earning less than $62,000 annually – with a sliding scale up to $87,000.
November 19, 2020
10:17 pm
mmlt
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I have no problem with giving money to those struggling. Families earning 125K a year should not be hurting.
This was shameless vote buying. Had he promised money to those who really need it would have been fine.

November 20, 2020
8:17 am
Rick
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mmlt said
I have no problem with giving money to those struggling. Families earning 125K a year should not be hurting.
This was shameless vote buying. Had he promised money to those who really need it would have been fine.  

Like AltaRed said....based on 2019 income. Just because the family made $125K in the tax year BEFORE the pandemic, doesn't mean they will this year. Kind of nice to see a tax break for the masses instead of the trickle down from the massive tax breaks corporations get consistently.

November 20, 2020
12:51 pm
Vatox
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I was concerned that I didn’t have a direct deposit setup with the Province, but looks like no worries from the statement..

“ “I have been advised by finance officials that once the dollars are appropriated, it won’t take very much time at all to direct-deposit the money in most cases, because of the work we had done with the federal government’s revenue agency and how we’re sharing information.”

November 20, 2020
5:32 pm
implode
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Bah, I don't get anything once more 🙁 I've not received a penny of from the federal COVID-19 benefits either.

November 21, 2020
10:29 pm
mmlt
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Payback's a b*tch. Governments will leave no stone unturned in their quest to refill the coffers once this covid business fades away.

November 22, 2020
6:18 am
Bill
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No worries for the 99%, mmlt, it'll be tax the rich plus print and borrow. Otherwise we turf them for someone who will.

November 23, 2020
10:38 am
Koogie
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Bill said
No worries for the 99%, mmlt, it'll be tax the rich plus print and borrow. Otherwise we turf them for someone who will.  

Print and borrow ≠ No worries for the 99%.

Print and borrow will directly affect the 99%. Whether or not they realize it until to late is another question altogether. I guess when the price of most consumer goods starts to rise and they can't afford to go to Florida...

November 23, 2020
12:51 pm
Vatox
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Koogie said

Print and borrow ≠ No worries for the 99%.

Print and borrow will directly affect the 99%. Whether or not they realize it until to late is another question altogether. I guess when the price of most consumer goods starts to rise and they can't afford to go to Florida...  

Not only that, the more you tax the rich elite, the more they will pick up their wealth and leave. Then we get no tax revenue, lost jobs and an even worse situation.

December 9, 2020
12:21 pm
rqs
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Notwithstanding all that …..

Here are the rules...
https://www2.gov.bc.ca/gov/content/economic-recovery/recovery-benefit

December 9, 2020
1:42 pm
topgun
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rqs said
Notwithstanding all that …..

Here are the rules...
https://www2.gov.bc.ca/gov/content/economic-recovery/recovery-benefit  

Although I live in Ontario I am sure lots of people will welcome the benefit. We have to live by the rules.

Have a Great Day

December 9, 2020
3:48 pm
Dean
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.
Take Note :
This 'Benefit' is not all Peaches & Cream ... there's a Dark Side to it ❗

Many will receive this benefit Who Don't Really Need It (and don't deserve it) ... while some others Who Actually Need It, will end up being 'Shorted'.

One of many sources

Lots of us BC'ers are NOT happy about this ❗ sf-confused

      Dean

sf-cool " Live Long And Prosper " sf-cool

December 9, 2020
5:06 pm
AltaRed
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I agree it will be 'unfairly' applied because of the use of 2019 tax data, but there is no way to use 2020 data until at least June 2021. Just another one of those costly and dumb election promises.

December 9, 2020
5:55 pm
christinad
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What i find odd is they base it on net income which means anyone with a higher income who made substantial rrsp contributions will benefit. I will put the money in my emergency fund and make a donation to the food bank.

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