B.C. Finance Minister Carole James. (Tom Fletcher/Black Press)

Bills to grow bigger in 2019 for B.C. residents

Employer health tax, ICBC, fuel taxes top list of new costs

Household budgets don’t balance themselves, and B.C. residents are looking ahead to tax and fee increases that will have to be accommodated in 2019.

First up for many will be property assessments, as municipalities calculate their property taxes for the year. With a new employer health tax on business and municipal payrolls above $500,000, plus the remaining year of Medical Services Plan premiums for employers who cover their employers, city councils are looking at property tax hikes of up to five per cent for 2019.

For Surrey, the double cost for 2019 is estimated to be $4.7 million, then $3.35 million the year after when MSP is eliminated. Businesses have also noted that the burden of employee MSP premiums is less than the payroll tax the NDP government has imposed to recover the revenue.

Asked about that burden in a year-end interview with Black Press, Premier John Horgan emphasized that self-employed and small business people have been paying their own MSP, and large businesses are getting other benefits from his government’s policies.

“In the interim, those very businesses that are asking for more child care, asking for housing affordability so they can retain employees, are getting those services they need,” Horgan said.

WATCH: Premier Horgan talks taxes in year-end interview

For renters, the province has capped the maximum rent increase for 2019 at 2.5 per cent, the federal estimate of inflation for the year.

The Insurance Corp. of B.C. has applied for a 6.5 per cent increase to basic vehicle insurance for 2019, as it struggles with rising accident rates and injury claims. By the fall of 2019, the province is imposing a cap on pain and suffering claims against ICBC and adjusting rates to reflect the higher accident risk of new drivers and urban areas.

While other Canadian provinces see the imposition of a carbon tax on fuels for the first time, B.C.’s decade-old carbon tax goes up from $35 to $40 per tonne of carbon dioxide emissions on April 1. That translates to nearly nine cents per litre on gasoline, on top of the existing regional, provincial and federal fuel and sales taxes.

RELATED: Metro Vancouver gasoline tax rises to fund transit

For home natural gas users, FortisBC has increased its rates nine per cent for 2019, after gas fell to record lows and the utility was charging more for carbon tax than it was for gas.

Another bite to the paycheque is an increase in Canada Pension Plan, which the Canadian Taxpayers’ Federation estimates will cost the average worker an extra $98 in 2019. It’s the first of five annual increases to CPP premiums designed to shore up the plan as baby boomers retire in large numbers.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislaturecarbon tax

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

RCMP officer Chris Voller was honoured at a gathering hosted by Gwa’sala-‘Nakwaxda’xw members. (Zoe Ducklow photo)
Officer Chris Voller says farewell to the North Island

“One of the biggest impacts you can have is having a pre-existing relationship with an individual.”

Adam Ireton holds his son Weston, along with Kristen and Beckett as they celebrate Weston's last day of treatment for lukemia. (Kristen Ireton photo)
799 days: ‘Super’ Weston defeats cancer

‘Weston is disease-free now, so we will be going into a period of checkups and things until he’s 18’

The River Forecast Centre is maintaining a flood watch for the area, including the Bella Coola River and tributaries, Kingcome River, Owikeeno-Rivers Inlet, and surrounding areas.
Wuikinuxv under evacuation order, more rain in forecast

Bella Coola’s Hill has re-opened but road conditions are muddy and wet

Bill McQuarrie is back with a special edition of North Island Rising. Have some thoughts? Write a letter to the editor at editor@northislandgazette.com and we will publish it online and in print.
An act of kindness goes a long way

‘This woman, this nurse so obviously cares and is so unlike the people I most often write about’

The boil water advisory came into effect Oct. 21, 2020.
The Village of Alert Bay is on a boil water advisory

Coliform levels could indicate the presence of a pathogen

Sooke’s Paul Larouche enjoys gold panning along the Sooke River, looking for small treasures. (Aaron Guillen/News Staff)
VIDEO: Island man finds niche audience by gold-panning on YouTube

Paul Larouche, 29, with over 215,000 subscribers, opens up about his journey

CBSA. (Black Press Media File)
4 sentenced in B.C. steroid smuggling, distribution ring that spilled into U.S.

Canadian Border Services Agency announced the results of a lengthy investigation it called ‘Project Trajectory’

Search and Rescue Technicians carry a stretcher to the CH149 Cormorant during a 442 Squadron Search and Rescue Exercise in Tofino on February 28. (Photo by: Cpl Joey Beaudin, 19 Wing Imaging, Comox)
Father and son found dead after weeklong search near Pemberton

The father and son had set out for a day of mushroom picking last Thursday

A full moon rises over Mt. Cheam on Saturday, Feb. 8, 2020. (Jenna Hauck/ The Progress)
Rare full moon, Daylight Saving makes for a uniquely spooky Halloween – despite COVID-19

We can’t host costume parties but this weekend is still one for the history books

A woman wears a face mask and plastic gloves while browsing books as a sticker on the floor indicates a one-way direction of travel between shelves of books at the Vancouver Public Library’s central branch, after it and four other branches reopened with limited services, in Vancouver, on Tuesday, July 14, 2020. (THE CANADIAN PRESS/Darryl Dyck)
B.C. reports 234 new COVID cases, 1 death of senior who had attended small birthday party

Roughly 5,700 people are isolating due to being exposed to a confirmed case

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

MNP senior economist Susan Mowbray presents the State of the Island Economic Report on Thursday night to conclude the Vancouver Island Economic Alliance’s virtual summit. (VIEA image)
Not-so-rosy State of the Island report caps off virtual summit

Vancouver Island Economic Alliance’s summit took place online Oct. 27-29

A study by SlotsOnlineCanada notes there is at least 88 hours of top-rated horror movies for Canadians to consume this Halloween. (Unsplash)
Spooks and Chill study reveals Canada’s favourite horror flicks

88 hours of top-rated horror movies can fill COVID-19 Halloween

Burnaby RCMP responded to a dine-and-dash suspect who fell through a ceiling in March 2020. (RCMP handout)
VIDEO: Suspected dine-and-dasher falls through ceiling of Burnaby restaurant

A woman believed to be dashing on her restaurant bill fell through the kitchen ceiling

Most Read