Policy uncertainty can drive down business investment by between six and 10.5 per cent.
The NDP-Green agreement calls for a 67 per cent increase in B.C.’s carbon tax.
Uncertainty—particularly from the potential for higher taxes—will make B.C. less attractive to business.
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.
British Columbia’s natural gas resources are substantial and the international market for liquefied natural gas is growing.
Tax reform key to increasing investment in British Columbia.
Canadian natural gas, sold to markets in India and Asia, could displace some of their need to generate power with coal.
B.C.’s has one of the highest overall tax rates on new investment in Canada and the developed world.