BC Throne Speech Highlights – Short Session – Pandemic Economic Relief

Victoria – In the wake of the October Provincial election and the NDP majority. Premier John Horgan will make good on a promise for pandemic relief.

This started Monday, December 7 with the Throne Speech followed by a short two week session. The 8 page document was one of the shortest Throne Speeches on record. All COVID related.

A one-time, tax-free payment of $1,000 to eligible families and $500 to individuals is set to be passed although Horgan admits, the money may not come in time for Christmas. That depends on financial logistics. Before New Years’ seems to be the target.

The plan is to stimulate the economy.

Lt Gov Janet Austin also noted that the Government will continue to ramp up medical availability, services and personnel.

From the Media Release:

First and foremost, government will help people, communities and businesses to implement whatever public-health protections are necessary to address outbreaks. 

Those supports include a new Recovery Benefit, which will be rolled out by the end of the year. Families with a combined household income of less than $125,000 per year will be eligible to receive $1,000; families earning above that, up to $170,000, will receive payments on a sliding scale. Individuals earning less than $62,000 a year will be eligible for $500, with those earning up to $87,000 eligible for a payment on a sliding scale.

The BC Recovery Benefit will give people some financial help during a hard time, while benefiting the local economy.

Preparations are underway to ensure that when a vaccine is available, it will be distributed to all British Columbians as quickly and safely as possible, beginning with those most at risk.

Key investments in health care will allow more patients to receive treatment at home, reduce wait times, and train and hire more doctors and nurses.

Government will also take significant steps to assist small- and medium-sized businesses in weathering the economic storm caused by COVID-19. New tax measures will reward businesses for hiring, and help them grow and become more productive by making it easier for them to invest in equipment and machinery.

Focusing now on beating the virus will allow British Columbia to move as quickly as possible to address the economic recovery and its broader priorities: investing in people, strengthening communities, and supporting jobs and growth in a clean-energy future. Government’s plans along these themes will be set out in more detail in a new speech from the throne in the spring.

“We will continue to do everything we can to keep people safe and healthy through this pandemic, as we’re focused on recovering from this crisis in a way that supports everyone in B.C.,” Premier Horgan said.

Be the first to comment on "BC Throne Speech Highlights – Short Session – Pandemic Economic Relief"

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.