COVID-19 Response Plan - BC Government - Support for Canadians

BC Support for Businesses

PST Rebate on Select Machinery & Equipment

Eligibility

• Program allows eligible businesses to apply for a rebate of 100% of PST paid between September 17, 2020 and March 31, 2022 on select machinery and equipment
• All incorporated businesses except for the following:
  • Crown corporations
  • Local government operations
  • Charities and non-profit corporations, except incorporated businesses wholly or partly owned by charities and non-profit corporations
  • Schools, school boards and universities
  • Hospitals

• Regional health boards and community health councils

Benefit

• Eligible property must be:
  • included in the definition of capital cost allowances classes 8, 10, 12, 16, 43, 43.1, 43.2, 46, 50, 53, 54 and 55
  • obtained substantially for purpose of gaining or producing income, and
  • not excluded (per backgrounder)

• software and goods, other than goods obtained by lease, must be capital assets for rebate to apply

Action Needed

• Program extended to apply to PST paid on qualifying items through March 31, 2022 (previously September 30, 2021)
• All rebate applications must be filed by September 30, 2022
• PST Rebate on Select Machinery & Equipment

BC Access Grant

Eligibility

• Low- and middle-income students enrolled in full- and part-time undergraduate programs
• Students must be studying at a BC public post-secondary institution and be eligible to apply for and receive a student loan to access the grant

Benefit

• Grant maximums are
  • Up to $4,000 a year for students enrolled in programs less than 2 years in length
  • Up to $1,000 a year for students enrolled in programs 2 years in length or longer
  • Up to $1,000 a year for students studying part-time

Action Needed

• No action required; students applying for student aid for programs at BC public post-secondary institutions starting in September 2020 will be automatically assessed for the grant

ICBC payment deferral

Eligibility

• Residential and commercial customers currently on a monthly Autoplan payment

Benefit

• Customers can defer their payments for up to 90 days with no penalty

Action Needed

• Apply online here

Federal Support for Canadians

• For our summary of the Federal support programs for businesses and individuals, please visit HERE

For closed programs, click here