Government-sector workers in B.C. retire 2.5 years earlier, on average, than private-sector workers.
This tax will add roughly $140,000 to a typical Greater Vancouver real estate transaction.
Government workers in B.C. make more, receive better pensions, and retire earlier than private sector workers in similar positions
British Columbia was once regarded by miners as hostile to investment and ranked last in Canada for the attractiveness of its mining policy environment. However the tide has turned in recent years and British Columbia has again improved its ratings for global mining investment.
One item sorely missing from Finance Minister Mike de Jongs recent provincial budget was a plan to make BCs business taxes more competitive and attractive for investment.
More than three years after the end of the recession and British Columbias provincial government continues to struggle with deficits, which as of the last quarterly update will likely exceed $1.5 billion. Relying on revenues to rebound enough to catch up with spending just doesnt work as BCs own history aptly demonstrates. Similarly, municipalities across the province continue to struggle to find sufficient resources for infrastructure needs while balancing their books.