BC Government to provide financial support for residents and businesses

The provincial government is reassuring BC residents and businesses they will receive financial assistance and support during the ongoing COVID-19 pandemic.

While British Columbia Minister of Finance Carole James did not unveil an official recovery plan, she did assure British Columbians that the government “has [their] back.”

“COVID-19 will have global impacts and, of course, British Columbians will have impacts,” said James.

She introduced “three streams” that will outline the provincial government’s recovery plan.

The first stream is to ensure services and supports are in place to protect the health and safety of British Columbians. The second is to work with the federal government to bring immediate relief to people and businesses. The third will be building British Columbia’s plan for economic recovery in collaboration with the business community.

James says that more details about the provincial government’s plan will come after the federal government unveils more information about its financial support on Wednesday.

Premier John Horgan added that the government will be looking to amend the Employment Standards Act to prevent layoffs.

“We want to make sure no one loses their job by doing the right thing,” he said.

• See also: 
  • All BC schools closed to combat coronavirus spread
  • Canadians abroad offered $5,000 emergency loan to come home
  • Trudeau to announce rent relief policy for struggling families during pandemic
  • Government of Canada committing $10 billion to support country’s businesses

Prime Minister Justin Trudeau announced on Monday that the Canadian government would be putting $10 billion towards supporting the country’s businesses during the COVID-19 pandemic.

“We will make $10 billion available in additional support for Canadian businesses,” Trudeau said during the conference.

“This is a tool that has worked before in difficult circumstances and we’re confident that it is going to work again.”

James says the BC government will advocate for the federal government to extend Employment Insurance to people who wouldn’t typically qualify, including those who are self-employed, contractors, and part-time workers.

With coronavirus on the rise, BC public health authorities are reminding individuals who attend events and large gatherings to monitor their health for signs and symptoms of COVID-19. And if you’re not feeling well, they recommend staying home at this time. Also, due to unexpected cancellations, please check the event you plan to attend is still taking place. Keep up with COVID-19 news here.