A majority of British Columbians will get a lift with the launch of the B.C. Recovery Benefit, enabling many families and individuals to receive the benefit by the end of the year.

Premier John Horgan and Carole James, Minister of Finance, have released StrongerBC for everyone: BC’s Economic Recovery Plan.

The COVID-19 pandemic’s impact on provincial revenues and unprecedented government spending on supports for people and businesses has led to an updated provincial deficit forecast of $12.8 billion for the 2020-21 fiscal year.

Despite strong fiscal results in the first three quarters of 2019-20, unforeseen changes in the fourth quarter due to COVID-19, including declines in tax revenues, ICBC losses and early measures to tackle the pandemic, affected the Province’s 2019-20 financial results.

The COVID-19 pandemic will mark British Columbians' lifetimes in ways never thought possible, and the Province is investing in people, businesses and communities to see them through the pandemic and build back better.

The Government of British Columbia is taking action to help stratas better mitigate the rising costs of insurance.