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Volume 63, No. 18

249/2020

The British Columbia Gazette,

Part II

September 22, 2020

B.C. Reg. 249/2020 , deposited September 20, 2020, under the INCOME TAX ACT [section 238]. Order in Council 544/2020, approved and ordered September 20, 2020.

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.

— C. JAMES, Minister of Finance and Deputy Premier ; D. EBY, Presiding Member of the Executive Council .

EMERGENCY BENEFIT FOR WORKERS REGULATION

Definition

1 In this regulation, "Act" means the Income Tax Act .

Assistance programs

2 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

(1) For the purposes of

section 225 (3) of the Act, interest payable to the government

under

Part 14 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 1

and January 1 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.

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