http://bcbudget.gov.bc.ca/2017_Sept_Update/newsrelease/2017_Sept_Update_NewsRelease.pdf
http://www.ubcm.ca/EN/meta/news/news-archive/2017-archive/2017-budget-update-highlights.html
http://www.1075kiss.com/2017/09/11/ndp-tables-budget-update/
Highlights of Interest:
* $208 million for the construction of over 1,700 new units of affordable rental housing;
* A 50% cut in Medical Services Plan premiums for all British Columbians as a first step toward the elimination of the premiums over the next four years;
* $472 million to provide an increase of $100 per month for both income and disability assistance;
* The elimination of tolls on the Port Mann and Golden Ears bridges effective Sept. 1, 2017, a move that will save individuals as much as $1,500 per year and commercial truck drivers $4,500 a year.
* A new investment of $189 million over three years through a federal-B.C. agreement that helps seniors with improved home and residential care;
* A reduction in the small business corporate income tax rate from 2.5% to 2%
* Phasing out the provincial sales tax on electricity to help support industry competitiveness and job growth.
* Increasing the general corporate income tax rate to 12% up from 11%.
* Introducing a personal income tax rate of 16.8% on taxable income over $150,000, up from 14.7%; and
*The Province will act to reduce carbon emissions by increasing the carbon tax rate on April 1, 2018, by $5 per tonne of CO2 equivalent emissions, while increasing the climate action tax credit to support low and middle-income families. The requirement for the carbon tax to be revenue-neutral is eliminated so carbon tax revenues can support families and fund green initiatives that help address the Province’s climate-action commitments.
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