Tax reform key to increasing investment in British Columbia.
B.C.’s has one of the highest overall tax rates on new investment in Canada and the developed world.
If the B.C. government truly wants to make the provincial tax system more competitive, reform is needed across three key taxes.
Budget contained no plan to offset the dramatic increase in business taxes associated with reintroducing the Provincial Sales Tax a few years ago.
Despite avoiding annual budget deficits, Premier Clark has allowed government debt to grow under her watch—by almost $7 billion.
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.