The Horgan government raised the general corporate income tax rate.
bc tax system
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.