March 4, 2020
This article is from the Tri-Cities Chamber of Commerce.
The provincial government announced a $5 billion (additional funding) support package for businesses and individuals: this is the first step as the government acknowledges they will have to be “nimble and flexible” as they respond to the impacts of COVID-19. The package will see $2.8 B People and Services $2.2B Business and Economic Recovery.
*Provincial Aid was announced March 23rd, 2020. Details for how to access services will be provided once they become available*
List of Essential Services
This list has been provided so that businesses can prepare for a potential provincial shutdown.
Tax Remittance Deferrals
The provincial government is extending tax filing and payment deadlines to September 30th, 2020 to help businesses through this crisis. The deferred taxes will include:
Property Tax Relief
Additional Provincial Measures
Canceling of the scheduled increase of Carbon Tax
Intake for greenhouse carbon tax relief grants open
Greenhouse operators can now apply for carbon tax relief grants for the 2020 production year, until May 1, 2020.
Eligibility: Commercial producers in B.C. who grow vegetables, ornamental flowers and plants, forest seedlings and nursery plants are eligible to apply for the grant if they:
Benefit: The grant covers up to 80% of the carbon tax that commercial greenhouse growers of eligible crops paid on the natural gas and propane they used for greenhouse heating and carbon-dioxide production in 2019. Cannabis is not an eligible crop at any phase of production.
For more information and eligibility criteria click here.
Temporary Emergency Funding Program