Mayors join finance minister to discuss, share feedback on landmark tax

BC Gov News

November 25, 2024 at 1:15 pm  BC, News, Politics, Provincial

Backgrounders

Disaster Financial Assistance (DFA) applicants should be aware of the following:

  • DFA is intended to compensate for sudden, unexpected and uninsurable losses. This may include building repairs, replacement of essential personal effects, eligible equipment and inventory, and clean up and debris removal.
  • DFA is unable to compensate for losses for which insurance was reasonably and readily available and does not include compensation for losses to personal belongings including:
    • damage to items located in basements, crawl spaces or similar low-lying storage areas unless the basement, crawl space or storage area was being used as an essential living area;
    • outbuildings, detached or semi-detached garages or carports, or their contents;
    • recreational structures such as hot tubs, patios, pools, fences or landscaping;
    • personal items such as jewelry, collectibles, artwork, antiques, silverware, furs, decorative items, money and securities or books and printed matter; and
    • recreational items such as fishing, hunting or camping equipment, audio-visual, camera or dark-room equipment, skates, skis, bicycles, games, toys, garden tools or lawn furniture.
  • A homeowner or residential tenant must show that the home is their principal residence. Seasonal or recreational properties are not eligible for assistance.
  • A claim may be made in more than one category (e.g., homeowner and farm owner).
  • Some ineligible items include insurance deductibles, non-essential recreational items, land lost due to erosion, landscaping and luxury goods.
  • Small business owners must have at least $10,000 per year in revenue from the business and gross sales of less than $2 million per year.
  • Farm owners must demonstrate that the farm is owned and operated by a person whose full-time employment is a farmer and be the means by which the owner generates the majority of their income.
  • DFA is limited to restoring actual damage caused by a specific disaster that has been declared eligible for compensation.
  • Financial assistance is provided for each accepted claim at 80% of the amount of total eligible damage that exceeds $1,000, to a maximum payment of $400,000.

View the full article from the original source

No conversations yet

Activity Stream

Wed, May 27, 2026 at 1:56 pm - Kamloops Film Society posted on their blog: Lucid, followed by post-film Q&A – The Kamloops Film Society
Mon, May 25, 2026 at 3:21 pm - Kamloops Film Society posted on their blog: KFS Board Corner – The Kamloops Film Society
Thu, May 21, 2026 at 8:00 am - David Suzuki posted on their blog: Don’t throw that home away!
Fri, May 15, 2026 at 12:16 pm - Kamloops Film Society posted on their blog: The Sound of Music – The Kamloops Film Society
Thu, May 14, 2026 at 8:00 am - David Suzuki posted on their blog: Regenerative practices breathe new life into forests
Fri, May 8, 2026 at 12:37 pm - Transition Kamloops posted on their blog: Want to get involved with Transition Kamloops?
Fri, May 8, 2026 at 12:32 pm - Transition Kamloops posted on their blog: Your chance to Reimagine Downtown!
Fri, May 8, 2026 at 12:27 pm - Transition Kamloops posted on their blog: Green Paint Saves Lives: A Small Price for Safety in Kamloops
Fri, May 8, 2026 at 12:22 pm - Transition Kamloops posted on their blog: We did it! WILD WOR(L)DS Poetry and Nature-Friendly Yards
Full Stream

Upcoming Events

All Events