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BC United will fix affordability by unleashing economic prosperity

June 20, 2024

VANCOUVER, B.C. – British Columbians suffering under the NDP’s years of rising costs, punishing taxes, and anti-prosperity policies will have a chance to get ahead under Kevin Falcon and BC United’s plan for a government that lives within its means and stops reaching into taxpayers wallets.

“Higher costs and out of control government spending under the NDP have made life less affordable for British Columbians,” said Kevin Falcon, BC United Leader. “BC United will deliver a significant reduction in the tax burden people are facing and we’re committing to no new taxes so people get the chance to catch up and get ahead.”

The NDP have increased or introduced 32 new taxes and fees while in government, resulting in half of all British Columbians being $200 or less away from being able to afford their bills every month. Kevin Falcon and BC United will help British Columbians get back on track guided by the following commitments:

  • End the Tax Grabs: Address affordability with a significant reduction in the tax burden on British Columbians and a commitment to no new taxes.
  • Balance the Budget: Achieve a balanced budget within the first term and hold government spending increases to CPI plus population growth.
  • Open B.C. to Jobs: Create jobs and opportunity with the most competitive business environment in Canada, dramatically reduce red tape and bureaucracy, and ensure guaranteed permitting and approval turnarounds.

“Folks are struggling right now, as David Eby and the NDP takes more from taxpayers than ever before. We need a government that can responsibly manage taxpayer dollars and reduce the tax burden while focusing on delivering vital services efficiently,” said Peter Milobar, BC United’s Shadow Minister for Finance. “BC United will protect healthcare and education while spending smarter and restoring fiscal responsibility by reducing hundreds of millions of dollars of Eby’s wasteful spending on consulting firms, a bloated Premier’s office, and unnecessary management layers which have piled up under the NDP.”

Unlocking the potential of B.C.’s natural resources involves reducing red tape, speeding up permits, and providing certainty for investment in sectors like LNG and mining. Unleashing major project investments will drive economic growth and create high-quality jobs in key industries.

“The only natural resource project the NDP has been interested in is mining the wallets of taxpayers over and over again,” added Falcon. “BC United will restore affordability and set the stage for investments and job creation that will help British Columbians get ahead. United, we will fix it.”

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Backgrounder:

We believe in leaving more money in people’s pockets and restoring B.C.’s economic competitiveness. Upon taking office in 2001, we implemented a 25 percent cut in personal income tax rates, and Kevin Falcon oversaw an effort to eliminate over 160,000 regulations, resulting in a 42 percent reduction in red tape and unnecessary regulation. Over the next 16 years, British Columbians benefited from a substantial increase in their personal disposable income and one of the most competitive tax regimes in North America. More money in the pockets of people fostered economic growth and facilitated job creation and business opportunities throughout the province.

In contrast, the NDP has imposed a staggering 32 new or increased taxes on British Columbians since 2017, including a massive new payroll tax on jobs, a blizzard of new housing taxes, a Netflix tax, and higher gas taxes. Despite collecting nearly $20 billion more in tax revenue each year, the NDP is delivering terrible results in every area, from healthcare to housing affordability, to education.

32 New & Increased NDP Taxes & Fees

#NameDescriptionYear
1Employer Health Tax2.95% of payroll over $500,000
NEW: Changed to 5.90% of payroll over $1M in Budget 2024
1.95% of all payroll over $1.5M
2018
2Victoria Gas Tax+2 cents per litre2018
3Vancouver Gas Tax+1.5 cents per litre2019
4Airbnb tax$16M in revenue2018
5Luxury Vehicle tax+5% on vehicles from $125-150k
+10% on vehicles over $150
2018
6Tobacco Tax (3 times), Tobacco PST+2.8%, +2 cents in 2020
PST applies beginning 2022 (+$84M)
2017, 2018, 2020, 2022
7PTT Surcharge2% on top of the 3% rate2018
8Foreign Buyers’ Tax+5%, now at 20%2018
9Additional School TaxSurtax of .2% over $3M
Surtax of .4% over $4M
2018
10Speculation Tax2% for foreigners and for residents with a majority of international income;
0.5% for Canadians and BC residents with a majority of domestic income.
2018
11Photo RadarFine revenue.2019
12Carbon Tax$5 per tonne, per year for  4 years; then $15 per tonne until $170/t CO2e2018
13.1Parking Sales Tax (Translink)+3% or 15 cents/hr on $5.00 parking2018
13.2Development Cost Charges (Translink)Single family dwelling unit – $2,100 ($2,975)
Duplex/townhouse dwelling unit – $1,900 ($2,470)
Apartment dwelling unit – $1,200 ($1,545)
Retail/Service – $1.25/sq. ft.
Institutional – $0.50/sq. ft.
Office – $1.00/sq. ft.
Industrial $0.30/sq. ft.
2018
13.3Property Tax (TransLink)$5.50 annual increase for an average household2018
14Cannabis Tax$50 million projected revenue in 2018/19, much lower in reality2018
15.1Income Tax+2.1 on incomes over $150,0002017
16Corporate TaxIncreased to 12% (general)2017
17ICBC unlisted driver premium$50 per year after first collision2019
18ICBC learner premium$130-230 per year2019
19BC Hydro Crisis Fund25 cents per month on hydro bill2018
20Per-Trip Rideshare Fees$0.30 per trip will fund admin costs for PTB and accessible taxisTBD
21Vaping PSTPST raised to 20%2020
22Sugary Drinks taxPST added to sweetened carbonated drinks2020
23Netflix taxPST registration requirement extended to streaming/software services with more than $10,000 in sales2020
24New income tax bracketRate raised to 20.5% on incomes above $220,0002020
25FOI Fees$10 per FOI request per organization2021
26Fuel Equalization Tax$0.25 cents per litre penalty on fuel imported from Alberta and other jurisdictions—includes purple fuelJan. 2022
27Fossil-fuel home heating equipmentIncreasing PST from 7% to 12%2022
28Used car taxPay the greater of sale vs. average price, increases effective tax2022
29Online marketplace taxMarketplace facilitators like Facebook must collect PST when they process payments2022
30MRDT – Major Events TaxEnables collection of additional MRDT on short-term rentals during FIFA 2026, but can be used for other major events.2022
31Amenity Cost ChargesEnables local governments to charge fees on new housing development.2023
32Home Flipping Tax20% tax on income from homes sold within two years of purchase.2024

Media Contact:
Adam Wilson
Director of Communications, BC United
Adam.Wilson@votebcunited.ca

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