The budget creates a new, higher top personal income tax rate of 16.8 per cent.
Rhetoric from the campaign trail stressed increased spending and higher taxes.
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.