45144
37400

BC  

NDP budget highlights

British Columbia's minority NDP government has released an update of its budget before a full budget is tabled in February. Here are some highlights:

— Carbon tax rate increased by $5 a tonne on April 1, 2018, as climate action tax credit increased for low- and middle-class families but the carbon tax will no longer be revenue neutral.

— $208 million for construction of 1,700 affordable rental housing units.

— $291 million for construction of 2,000 modular housing units for the homeless, with $170 million over three years for round-the-clock staff and support services.

— 50 per cent cut in Medical Services Plan premiums for all British Columbians as a step toward eliminating them over four years.

— Up to 3,500 new teachers; $681 million increase for kindergarten-to-Grade 12 education over three years.

— $100-per-month increase for income and disability assistance.

— $200-a-month increase to earnings exemptions for income and disability assistance recipients to connect to jobs.

— Reduction in small business corporate income tax rate to two per cent, from 2.5 per cent.

— $19 million for restoration of free adult basic education and English-language learning in both the kindergarten- to Grade 12 and post-secondary sectors.

— $15 million over three years for the Healthy Kids Program to provide hearing assistance benefits and improved rates for dental services.

— Personal income tax rate of 16.8 per cent on taxable income over $150,000, up from 14.7 per cent.

— Increase in corporate income tax to 12 per cent, from 11 per cent.

— $290 million for the Health Ministry and to establishment Ministry of Mental Health and Addictions in supporting prevention, early intervention and treatment involving illicit opioids and overdoses; $32 million for law enforcement and coroners' service.



More BC News

BC
45447
Vancouver Webcam
Webcam provided by webcams.travel
36520
Recent Trending
40637
45765
Castanet Proud Member of RTNDA Canada
45201



44462