Finance Minister Mike de Jong says B.C. may be the only province in Canada to balance its budget for the year ahead.

B.C. BUDGET: Surplus funds low-income assistance

B.C. government ends child support clawback for welfare recipients, puts more money into Community Living B.C.

VICTORIA – Expecting budget surpluses for the next three years, the B.C. government is ending the deduction of spousal child support from social assistance payments and providing modest benefits for other low-income earners.

A target of single parents and poverty advocacy organizations in recent years, the “clawback” of child support payments ends Sept. 1. That is expected to leave about $32 million more over the next three years in the pockets of the parents who receive child support along with income assistance and disability payments, a benefit to 3,200 families and 5,400 children.

Community Living B.C., responsible for developmentally disabled adults, gets an additional $106 million over three years, and $20 million is added to the general budget for income assistance. Caseloads for both are expected to increase and individual payment rates stay the same.

This is also the budget that ends a two-year increase of 2.1 per cent in tax on income more than $150,000 a year. The provincial income tax rate for that tax bracket returns to 14.7 per cent, which de Jong said is part of the lowest personal income tax rates in the country.

At the low end of the income scale, the exemption from paying any personal income tax goes to the first $19,000 earned, up from $18,000.

An early childhood tax benefit begins April 1, with up to $660 a year for each child up to the age of six, designed to assist with child care costs.

This is also the year the province’s training and education savings grant begins to be paid out for children who reach six years old. It is a one-time payment of $1,200 born since Jan. 1, 2007, to be placed in a registered education savings plan.

Finance Minister Mike de Jong said the current fiscal year is expected to finish with a surplus of almost $900 million, due mainly to better than expected personal and corporate income tax revenues, strong retail sales and a one-time adjustment of federal tax payments.

After an additional $3 billion to the ever-growing health care budget and $576 million more for education over the next three years, the surplus for 2015-16 is projected to be $284 million.

VIDEO: Education funding increased for 2015-2018 budgets

Just Posted

Alberni’s Anne Ostwald named a finalist for Premier’s Award

Alberni District Secondary School teacher encourages students to find their passion

Tofino and Ucluelet prepare for daytime Hwy. 4 closures and eight-hour power outage

“We know that there’s never a good time for an outage and thank the community for their patience.”

Port Alberni’s Healthy Harvest Farm closing

Operation will merge with Hupacasath Community Garden

Port Alberni Black Sheep hang on to win season opener

Sheep face James Bay Rugby Club in first game of the season

Port Alberni man arrested for breaking windows

29-year-old Port Alberni resident was caught breaking a window in a local residence

B.C. RCMP turn to Const. Scarecrow to shock speeders into slowing down

New addition will watch over drivers from a Coquitlam median for first-of-its-kind pilot in Canada

B.C. home to 1/3 of Canada’s overdose deaths in first 3 months of the year

There were 1,036 overdose deaths in the first three months of the year, with 94 per cent accidental

B.C. candidate moves from hospice care to council race

He beat terminal cancer twice and entered hospice when he decided to run for council.

Canadian tobacco exec pushes back against vaping health concerns

A warning from Interior Health about the unknown health risks of vaping is getting a partial rebuke

Ministry of Agriculture commits $300,000 to help B.C. farmers obtain land

B.C. Land Matching Program supports access to affordable farmland for young farmers

Canadian air force short 275 pilots

Attrition outpaces recruitment and training claims Air Force

Teacher suspended after physically shushing, saying ‘shut up’ to student

Grade 5 student reported feeling ‘confused and a little scared’

A B.C. society helps to reforest Crown land after wildfires

Forest Enhancement Society of BC focuses on wildfire mitigation and the reforestation

B.C. marijuana workers may face U.S. border scrutiny

Cannabis still illegal federally south of the border

Most Read