The province's top combined income tax rate increased from 43.7 per cent to 53.5 per cent.
bc tax system
The province has the highest average level of tax on new investment of any large province.
The Horgan government raised the general corporate income tax rate.
The B.C. government also raised the general business income tax rate from 11 per cent to 12 per cent.
B.C.’s overall tax rate on new investment is 27.7 per cent—the highest rate in Canada.
If the B.C. government truly wants to make the provincial tax system more competitive, reform is needed across three key taxes.