On March 23, 2020, British Columbia introduced a range of
measures aimed at helping both the public and businesses cope with
the economic implications of COVID-19. The Province of British
Columbia announced its $5-billion COVID-19 Action Plan, which will provide $2.8
billion support to individuals and services, and $2.2 billion to
support businesses and economic recovery.
Overview of the Plan
The Plan includes measures aimed at easing the impacts of
COVID-19 on individuals and businesses.
Key measures aimed at businesses include:
- Deferring employer health tax
payments for businesses with a payroll over $500,000 until
September 30, 2020.
- Extending of the following tax filing
and payment deadlines to September 30, 2020:
- Provincial Sales Tax (PST);