B.C. is an amazing place to live, but global inflation and uncertainty are making it harder for families to get by. We’re standing up for people, working to lower everyday costs like child care and home energy, and providing key support to those who need it most.
- Raised minimum wage to $17.85 per hour as of June 1, 2025. We’ve passed legislation to ensure that future increases will happen automatically, based on the previous year’s rate of inflation.
- Created the largest middle-class tax reduction in a generation with the full elimination of MSP premiums and creation of the BC Family Benefit:
- As a result, a family of four earning $60,000 will have their provincial taxes reduced by up to 60% compared to 2016, putting more than $2,500 back into this family’s pocket. A family of four earning $80,000 will have their provincial taxes reduced by up to 43%.
- Removed unfair tolls on the Port Mann Bridge and Golden Ears Bridge, saving commuters in the lower mainland up to $1,500 a year.
- Cleaning up the financial mess at ICBC left by the BC Liberals, including transforming ICBC to deliver lower auto-insurance rates by an average of 20% and dramatically improve care benefits for those injured in a crash.
- In Spring 2025, all drivers received a $110 rebate – for the second year in a row – due to prudent financial management of ICBC.
- Reduced child care fees for kids under 6 by an average of 50% from 2019 levels.
- Launched the Fee Reduction Initiative and the Affordable Child Care Benefit, which since February 2018 have helped parents save up to $1,600 a month per child on their child care fees.
- Since summer 2022, BC has provided almost $2.4 billion in cost-of-living benefits, including BC affordability credits, increase in BC Family Benefit, ICBC rebates, BC Hydro credit, and enhanced School Affordability Fund.
- Made prescription birth control free for everyone in B.C., saving individuals up to $10,000 over their lifetime.
- Created a new income tested renters’ tax credit that will put as much as $400 annually back into the pockets of B.C. renters with moderate and low incomes.
- Maintaining affordable BC Hydro rates that stay below inflation. BC continues to have one of the lowest costs for electricity in North America.
- Making heat pumps more affordable, with up to $5,500 for eligible households.
- Made transit free for kids 12 and under, saving families up to $700 per year.
- Increased the senior’s supplement for the first time since 1987 which will support about 80,000 seniors.
- Eliminated interest on British Columbia student loans, helping to ensure that students who have to borrow for their education don’t end up paying more than those who don’t.
- Starting August 2023, weekly student loan maximums will be increased from $110 to $220 a week for single students, and from $140 to $280 per week for students with dependents.
- At the same time, we are easing repayment by raising the income threshold under which a student does not have to repay their loan – from $25,000 to $40,000.
- Took action to lower drug costs by making record investments in Fair PharmaCare, helping to negotiate a new national generics agreement, reducing and eliminating deductibles and expanding the use of biosimilar drugs.
- Providing a $600 month rent supplement to help people with low incomes with rental costs in the private market
- Expanding rental assistance for low-income families and seniors,
- Introduced tougher rules on cheque-cashing fees and payday loan businesses to better protect consumers.
- Created access to free menstrual products for public school students and vulnerable populations across B.C.
- Made live-event ticket sales fairer, by eliminating ticket bots and mass-buying software, and by bringing in consumer protections and fairer processes for people.
- Brought in greater transparency and accountability to how fuel is priced in B.C.
- Made changes to strata insurance regulations to help address the rising cost of strata insurance in B.C. and bring further transparency to the industry.
- Supported individuals and families to make ends meet during the pandemic with the B.C. Recovery Benefit, $1,000 for families and $500 for individuals.
- Increased income and disability assistance rates three times since forming government in 2017.