2017 Provincial Budget Released: 2/21/2017
The Province of BC released the 2017 Budget on Tuesday, Feb. 21, 2017
Click Here for the News Release
For full Budget Details see
www.bcbudget.gov.bc.ca
BC Provincial Budget Tax Changes
The 2017
Budget includes the following changes for worker, jobs and business:
- Eliminating PST on electricity over the coming two years - saving small, medium, large and industrial business across the province $164 million by 2019-20
- Cutting the small business corporate tax rate to 2% from 2.5%
- Extending and enhancing sector tax credits for tech, Scientific Research and Experimental Development, venture capital to support innovation, commercialization and the tech sector.
- Investing 13.7 billion over three years in new and upgraded provincial taxpayer-supported infrastructure to support services and jobs.