B.C.'s business tax rate rises from 2 per cent to 12 per cent once a company’s revenues reach $500,000.
The government raised the top personal income tax rate from 16.8 per cent to 20.5 per cent.
B.C. is significantly raising its carbon tax rate—by 66 per cent, from $30 to $50 per tonne.
The B.C. NDP wants to raise the province’s carbon tax to $50 per tonne.