The B.C. Liberal government has made over 100 tax cuts since 2001. As a result, British Columbia now has the lowest provincial income taxes in Canada for everyone earning up to $116,000 and a quarter-million low-income British Columbians pay no provincial income tax. On average, taxpayers in B.C. have seen the amount of provincial income tax they pay cut by 30-75 per cent since 2001. Challenges and Opportunities:
The B.C. Liberal Party believes in cutting taxes where possible to put money back in people’s pockets and letting families keep more of the dollars they earn. Tax cuts have been shown to stimulate the economy, attract new investment, and make our province a more attractive place for people to live, work or start a business. Discussion:
Should B.C. be looking at future tax reductions, exemptions or credits? What kinds of taxes should we consider reducing or creating new exemptions for: income tax, corporate taxes, sales taxes, or others? How useful are targeted tax credits or exemptions, such as a PST exemption for fuel-efficient cars, for average British Columbians?
B.C.'s small business growth leads Canada
B.C. government eliminated 164,000 pieces of red tape
B.C. Liberals lowered small business taxes
Province cut corporate taxes by one-third
Record funding for K-12 education
Class size limits enshrined in law
B.C. parents' right to volunteer guaranteed in law
Province adds more front-line staff for children at risk
B.C. Liberal government provided more funding for community infrastructure
B.C. government grants $285 M for regional economic trusts
All traffic fine revenue returned to cities annually
Provincial income tax eliminated for a quarter million low-income people
Number of child care spaces receiving operating funding almost double
B.C. Liberal government cut income taxes to lowest in Canada
Agreements providing social and economic opportunities for First Nations
B.C. Liberal Government signed modern treaties with six First Nations
Aboriginal unemployment a third lower than in 2001
B.C. Liberal government increased funding for health care by 60 per cent
B.C.'s first new regional hospital in 30 years built in Abbotsford
New hospitals under construction in five communities
Twice as many doctors being trained in B.C. than in 1990s
North America's most progressive climate action plan, praised by climatologists and economists
Carbon tax funds tax cuts and impact equal to removing 800,000 vehicles
Over 12,000 new and replacement seniors' care beds and units
Wait time for residential care down to 90 days from one year
B.C. government providing more home support care hours than ever before
B.C. Liberal government created seven new universities
