Government program spending will reach $49.2 billion, 6.6 per cent higher than last year.
bc budget
Subsidizing wind, solar or other alternative energies distorts the energy market.
The budget creates a new, higher top personal income tax rate of 16.8 per cent.
Rhetoric from the campaign trail stressed increased spending and higher taxes.
Public school enrolment in B.C. fell 9.1 per cent between 2005/06 and 2014/15.
It doesn’t only matter how much taxes are cut, it also matters which taxes are cut.
B.C. taxpayers were on track for a net tax increase of nearly $900 million from 2013/14 to 2018/19.
British Columbians still on track to experience $599 million net tax hike from 2013/14 to 2016/17.
Every extra dollar of net income earned by any business that steps over the $500,000 threshold will be taxed at a rate five and half times the small business rate.