Government to provide funds to residents to address cost of living

The Provincial Government will be providing more funds to most residents to address the cost of living.

A one-time cheque of up to $500 will be provided to residents of the province. To qualify the resident must be at least 18 years of age as of December 31, 2022, and who filed a 2021 tax return with an adjusted income of $125,000 or less.

The funds will be provided to 392,000 residents in the province.

Those with adjusted income of less than $100,000 will receive $500 and those with adjusted income between $100,000 and $125,000 will receive a partial payment ranging between $250 and $500.

No application is required and cheques will be issued later this year. Residents who have not yet filed their 2021 tax return may do so up until December 31, 2022, to be able to receive this benefit.