B.C. Finance Minister Carole James (Hansard TV)

NDP matches B.C. Liberal tax cut promise

Small business income tax relief retroactive to last spring

B.C.’s small business income tax rate has been reduced from 2.5 per cent to two, and the change is being made retroactive to April 1, 2017.

Both the NDP and the B.C. Liberals promised the tax would be reduced that amount, with the B.C. Liberals promising to make it retroactive. In last spring’s election campaign, the NDP promised only to cut the tax by half a point, and to raise the large corporate income tax from 11 to 12 per cent at the start of the new fiscal year, April 1, 2018.

The NDP government is also carrying out the B.C. Liberal promise to remove provincial sales tax from business electricity bills. Half of that tax came off this fall and Finance Minister Carole James said the rest is to be removed in April 2019. PST is not charged on residential B.C. Hydro bills.

In her budget update in September, James announced the return of a high-income personal income tax bracket. Effective April 1, 2018, personal income tax goes up two per cent on income over $150,000 a year, restoring an increase put in place by the B.C. Liberals before the 2013 election and removed two years later.

Just Posted

Third suspicious package sent to Langford law firm

Hazmat procedures and RCMP Explosive Disposal Unit deployed at Hemminger Law Group again

Spawning salmon start to trickle through Goldstream Park

Projections for this year’s salmon run is 30,000 to 40,000 fish

Salish Sea misses Canada’s tentative list for Word Heritage Sites

A petition supporting the application garnered over 1,000 signatures

Oak Bay’s wolf of Discovery Island ‘alive and healthy’

Park remains open to the public; domestic animals prohibited

Homeless campers near Saanich municipal hall to move today

Tenters plan to move within Saanich, push bylaws

VicPD plans no ‘direct enforcement action’ on current marijuana dispensaries

VicPD chief speaks to how police will handle legalized cannabis

Find your future at Black Press career fair in Victoria

More than 70 booths expected at Bay Street Armoury on Oct. 25

B.C. Lions look to cement CFL playoff spot with victory over Eskimos

B.C. can cement a post-season berth in the wild West Division on Friday night with a home win over the Edmonton Eskimos

Canada ban on asbestos takes effect but mining residues are exempt

Environment Minister Catherine McKenna plans to announce the new regulations implementing the ban on Thursday in Ottawa

1,000 needles pulled from Cowichan River

Duncan area cleanup project nets three huge truckloads of garbage

Harry and Meghan bring rain to drought-stricken Outback town

Prince Harry and his wife Meghan are on day two of their 16-day tour of Australia and the South Pacific.

Demand for legalized cannabis in early hours draws lineups, heavy web traffic

Government-run and privately operated sales portals went live at 12:01 a.m. local time across Canada, eliciting a wave of demand.

Killer-rapist Paul Bernardo set to make parole pitch today

Paul Bernardo, whose very name became synonymous with sadistic sexual perversion, is expected to plead for release on Wednesday.

Most Read