Homeowners in designated taxable municipalities covered by the speculation and vacancy tax will soon receive their annual declaration letters, as part of the Province’s work to fight real estate speculation and deliver more homes to people.

The homeowner grant will continue to cover 92% of homes with the threshold set at $2.15 million for 2024.

Amendments introduced to the Business Corporations Act will create a new, public registry for beneficial owners to give British Columbians more confidence that B.C. private companies are not being used for money laundering or other criminal purposes.

With global inflation still driving costs up, families and small businesses in B.C. will get a one-time cost-of-living credit on their BC Hydro bill this fall, and a new BC Affordability Credit in January.

An enhanced Climate Action Tax Credit landed in people’s bank accounts last week as a one-time payment to help support people facing affordability challenges.