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

RDMW frustrated over WFP response to logging trucks on the highway

“The only way you are going to have our trust back is if you sit with us all at the table.”

Working group discusses public intoxication problem in Port Hardy

The aim is to “set up a framework to make the community a safer place.”

Port Hardy RCMP’s 2017 year-end crime statistics

“We ended 2017 with 4140 files opened, versus 4042 files opened from the year before”

Duncan family says care home switched mom’s cat with robot cat

Staff alleged to have said they were taking cat for bath, then replaced her with robotic stuffed toy

Foot found near Victoria belonged to missing Washington man

No foul play suspected in death of Stanley Okumoto, 79

B.C. Games open with Olympic touch

The 2018 B.C. Winter Games kicked off in Kamloops

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Suspected serial killer targeting Toronto gay community now faces six murder charges

Bruce McArthur now charged with murders of six men: Toronto police

Trump suggests more guns in schools to combat shootings

Trump floats two-step plan for gun control: More guns, more control

Vancouver Island job market ever-evolving

Various sectors driving employment in region will be represented at Black Press career fair in Comox Feb. 8

Second Russian athlete tests positive for doping at Olympics

Russian Bobsled Federation states a drug-test sample that pilot Nadezhda Sergeeva gave on Sunday was positive.

Indigenous leaders call for change after ‘system fails’ Tina Fontaine

‘All of us should be ashamed’: Calls for change after jury finds Raymond Cormier not guilty

Atwal fiasco dogs Trudeau; PM pledges a ‘conversation’ with MP responsible

Trudeau is being peppered with questions about the lingering controversy

Germany upsets Canada in Olympic men’s hockey

Germany 4 Canada 3; Germans play OAR for gold; Canada and Czechs go for bronze

Most Read