More than two million families and individuals are getting more help with costs as higher Climate Action Tax Credit payments arrived in bank accounts starting Friday, July 5, 2024.

More than two million individuals and families will see more money in their bank accounts as the climate action tax credit arrives this week.

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.

A new tax credit will make energy retrofits for multi-unit residential and commercial buildings more affordable, saving owners 5% on retrofits to help reduce their energy use.

Heat pumps are more affordable than ever in B.C. with a provincial sales tax (PST) exemption and the launch of a new incentive to help people switch to the cleaner, energy-efficient technology that works in warm and cold climates.

British Columbia’s continued stable credit ratings show that key stakeholders in the financial community validate the Province’s financial plan for investing in the services people need and building a strong, sustainable future for B.C.