British Columbia Order in Council — Order under Income Tax, s (O.C. 544/2020)

O.C. 544/2020

British Columbia — Orders in Council

544 September 20, 2020 PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective May 1, 2020, the attached Emergency Benefit for Workers Regulation is made. Minister of Finance and Deputy t;,mier (This

part is for administrative purposes only and is not part of the Authority under which Order is made: Act and section: Income Tax Act, R.S.B.C. 1996, c. 215, s. 238 Other: page I of2 RI0432012 EMERGENCY BENEFIT FOR WORKERS REGULATION Definition In this regulation, "Act" means the Income Tax Act. Assistance programs For the purposes of

section 215 ( 1) (

c) of the Act, the following assistance programs are prescribed for the period beginning 34 days before the date an individual applies for the emergency benefit and ending on the date the individual applies for the emergency benefit: (

a) income assistance under the Employment and Assistance Act; (

b) disability assistance under the Employment and Assistance for Persons with Disabilities Act. Interest payable to government 3

(1) For the purposes of section 225 (3) of the Act, interest payable to the government under Part of the Act must be calculated on a daily basis and compounded monthly.

(2) For the purposes of section 225 (3) of the Act, the rate of interest prescribed is, during each successive 3 month period beginning on April 1, July 1, October and January in each year, 3% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that 3 month period.

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 544/2020
Type	order_in_council
Volume / chapter	arc oic 0544 2020
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	bd1cde0904fdae730948e5d9e0fb51093b991a7b

Source file is stored in the law ingest library (pdf).