B.C. is significantly raising its carbon tax rate—by 66 per cent, from $30 to $50 per tonne.
bc investment climate
The U.S. advantage over Canada is not surprising in light of recent U.S. tax cuts and deregulation.
Most survey respondents said disputed land claims and protected areas in B.C. deter investment.
B.C.’s has one of the highest overall tax rates on new investment in Canada and the developed world.
With economic uncertainty as the backdrop, it was critical for the BC government to put forth a prudent budget. Finance minister Kevin Falcon acknowledged as much by reassuring British Columbians that the budget was built on fiscal discipline and lays a firm foundation for the future. Falcon even warned of the perils of additional government taxes, spending, and borrowing in the current economic environment, calling such measures potentially catastrophic.