Many employees in the private sector will soon have a new choice for securing their financial future with legislation that has been introduced that is in line with federal changes.

B.C.’s First Quarterly Report shows the province’s economy is proving resilient amid challenges, including a devastating wildfire season, high interest rates and costs, and a slowing global economy.

Despite global uncertainty, B.C. ended fiscal 2022-23 with a surplus and higher-than-expected revenue that the Province put to work helping people and communities with higher costs and growing needs.

With Moody’s triple-A credit rating announced, B.C. continues to have the highest credit ratings of all provinces across the four agencies.

People will soon have more money in their bank account to help with global inflation and the increased cost of living through this month’s BC Affordability Credit.

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.

B.C. public-sector employees with ratified collective agreements will get the maximum cost-of-living adjustment for their year 2 wage increase.