Columbia COVID-19 Information and Support
Action Plan - Provincial Tax Changes
BC 2021 Budget - April 20, 2021
All budget proposals are subject to legislative approval.
4, Budget Measures Implementation Act, 2021 was tabled on April 19, 2021.
Forecast Budget Deficits
2020-21 $8.1 billion
2021-22 $9.7 billion
2022-23 $5.5 billion
2023-24 $4.3 billion
Total Provincial Debt Forecast
Mar 31, 2021 $87.5 billion
Mar 31, 2022 $102.9 billion
Mar 31, 2023 $116.2 billion
Mar 31, 2024 $127.0 billion
Personal Tax Credits
Effective Jul 1, 2021, the
Action Tax Credit rate remains at $174 per adult and $51 per child due to
the delay in the carbon tax rate increases.
Rates will increase to $193.50 per adult and $56.50 per child on Jul 1, 2022.
BC Emergency Benefit for Workers
Eligibility to be expanded to include self-employed individuals if they
would have qualified for the benefit or the Canada Emergency Response
Emergency Benefit for Workers on the BC website - applications were
closed Dec 2, 2020.
BC Recovery Benefit
remains open for new applications until Jun 30, 2021.
one-time, tax-free payment of up to
$1,000 for eligible families and single parents
$500 for eligible individuals
Recovery Benefit on the BC website.
Corporate Tax Credits
The book publishing tax credit is extended for 5 years to Mar 31, 2026.
PST exemption for electric bicycles and tricycles and related conversion
kits, parts and services - effective April 21, 2021.
PST exemption for new residents' effects temporarily expanded: New
residents of BC on or after March 11, 2019 now have until the earlier of
Jan 1, 2023, or
1 year following the end of the most recent quarantine order made
under the Quarantine Act (Canada)
PST refunds will be eliminated for motor vehicles purchased in B.C. and
resold within 7 days - date to be set by regulation
Clarification that the exemption for water does not apply to beverages
taxed under the soda
beverage measures announced in Budget 2020.
Motor Fuel Tax, Carbon Tax, Tobacco Tax
Fuel tax refund program for persons with disabilities - expanded
effective Apr 20, 2021 to include persons who receive:
Disability assistance or a supplement from Indigenous Services Canada
through the Social Assistance for Persons with Disabily program
A 100% disability pension through service as a member of Her Majesty's
forces, whether or not they served in a war.
Carbon tax rates:
$45 per tonne of CO2e effective Apr 1, 2021
$50 per tonne effective Apr 1, 2022
Tobacco tax rates will increase effective July 1, 2021.
For information on all tax changes see
Provincial Budget Tax Changes
Free public transportation for children 12 and under starting September 2021,
all BC Transit and TransLink transportation including
West Coast Express, and
The above does not include all fiscal measures. See
on the BC website for complete budget details. Budget
Revised: September 20, 2022