As part of B.C.’s Economic Recovery Plan, the Ministry of Finance has opened applications for two new programs to help corporations recover from the financial impacts of COVID-19.

1. The B.C. Increased Employment Incentive is a one-time refundable tax credit for employers which encourages the creation of new jobs for B.C. workers or increases in payroll for existing low- or middle-income employees in the last quarter ending December 31, 2020.
   
   For more information, including eligibility requirements and access to the application, visit gov.bc.ca/employertaxcredit
2. The B.C. PST Rebate on Select Machinery and Equipment is a temporary provincial sales tax (PST) program that acts like a refund but is separate from the existing PST Refund process.
   
   For more information, including eligibility requirements and access to the application, visit gov.bc.ca/corporatePSTrebate