Here's what is going to cost more for British Columbians in April

Mar 19 2023, 5:35 pm

A new month is around the corner, and so are some tax increases. 

Starting April 1, it will get more expensive to fill up your vehicle in BC and pay for beer, wine, and other alcohol. 

Gas prices

In just a few days, the carbon tax will increase by about three more cents per litre of gasoline. That brings the total amount of carbon tax per litre to 14.31 cents.

Plus, depending on where you live in the province, there are other taxes added to that mix as well. People who fill up in Vancouver already pay about 38 cents per litre in provincial taxes — even before this upcoming increase.

And this won’t be the last time drivers will see a jump at the pump.

“This means that every litre of gas will rise by 3 cents for every $15 per tonne increase each year… until it reaches $170 in 2030 – aligning with federal requirements,” BC’s Ministry of Finance told Daily Hive about the predicted three-time increase over the next seven years.

Liquor sales

Meanwhile, because of the federal government’s annual excise tax adjustment, Canadians are set to pay slightly more for liquor

By law, the excise tax adjusts every year on April 1 according to the Consumer Price Index (aka inflation). 

This year, because inflation has been so high, the federal excise tax on alcohol is going up by 6.3%.

This increase is only to the tax itself — not the entire cost of the product.

Financial relief

Late last week, FortisBC announced customers are set to get a break on their bills this spring.

It received approval from the BC Utilities Commission to decrease the cost of gas rate for all gas customers as of April 1, 2023.

“This is welcome news,” said a rep. “As of April 1, the cost of the gas rate will decrease by $1.00 from $5.159 per gigajoule (GJ) to $4.159 for all customers.”

As for BC Hydro customers, they could also get a decrease of 2% soon, pending approval from the Commission. More details are expected next month.

Additionally, to offset the ongoing impacts of global inflation many British Columbians can expect some extra cash in their bank accounts. 

The upcoming BC Affordability Credit payment in April will provide as much as $164 per adult and $41 per child, or approximately $410 for a family with two children, according to the Province.

Around 85% of British Columbians will receive an additional full or partial payment as early as April 5, 2023, just like they got January’s BC Affordability Credit.

If you’re a British Columbian eligible for the credit, you’ll get it automatically. 

Want to stay in the loop with more Daily Hive content and News in your area? Check out all of our Newsletters here.
Buzz Connected Media Inc. #400 – 1008 Homer Street, Vancouver, B.C. V6B 2X1 [email protected] View Rules
Daily Hive StaffDaily Hive Staff

+ News
+ Venture
+ Money