COVID-19: Economic Relief Measures Announced to Date

  • Residential education property tax rates will be frozen at last year’s level, reversing the 3.4% increase that had been added in the 2020 budget.
  • Moreover, collection of non-residential education property tax will be deferred for six months.
  • For more information see the Government of Alberta’s “COVID-19 supports for Albertans” website.[321]

Banks and credit unions

  • Effective immediately, Alberta Treasury Branches (ATB Financial) customers can apply for a deferral on their ATB Financial loans, lines of credit, and mortgages for up to six months.
  • Credit union members will have access to a broad range of programs and solutions designed to facilitate loan payments and short-term cash flow. In order to take advantage of this measure, credit union members need to contact their credit union to work out a plan, which will be tailored to each member’s personal situation.
  • For more information, see the ATB Financial[322] website.

British Columbia

British Columbia (“B.C.”) declared a provincial state of emergency under the Emergency Program Act on March 18, 2020. For more information about this legislation and the government’s powers under it, see our “explainer”, here[323].

Relief measures for businesses

Wholesale Liquor Pricing for Restaurants & Tourism Businesses

  • The Government of British Columbia announced on July 20th that it will temporarily allow restaurants and pubs to purchase beer, wine, and spirits at wholesale cost instead of liquor store retail prices which came into effect on Monday, July 20th. The measures will remain in effect until March 31, 2021.
  • For more information, See the Government of British Columbia’s news release of July 20th, 2020.[324]

Infrastructure Investment in Northern BC

  • The governments of Canada and British Columbia announced an investment of over $40 million dollars in community infrastructure to support economic recovery in the context of the COVID-19 pandemic for communities in Northern BC.
  • For more information, See the Government of British Columbia’s news release[325] of July 3, 2020.

Relief for taxi industry

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