From April 1, a few things in B.C. will be more expensive for residents.
Electricity rates are going up by just over two per cent.
Ferry prices are rising by 3.2 per cent.
The tax on alcohol is increasing by two per cent.
In an attempt to address climate change, the cost of gasoline in B.C. is going up by an additional three cents per litre on Monday..
The B.C. government states that to offset this, approximately 65 per cent of British Columbians will be eligible for a tax credit, but around 35 per cent will not qualify.
The amount you receive will be based on your household’s net income and family size.
An individual earning less than $39,000 will receive the maximum credit of $447 per year.
Payments decrease for an individual until around $61,000, at which point the credit reaches zero.
For couples and parents, the household net income threshold is around $50,000 for a full tax credit per family member.
