Bc Hst

BC's HST Hangover Hangs On

Jordan Bateman | Posted 05.27.2014 | Canada British Columbia
Jordan Bateman

Compared to just five years ago, British Columbians now hand over an extra $20 bill every week of the year to the provincial government. This is the biggest jump in the country. This is a hangover from the HST.

B.C.'s Business Tax Regime Needs Competitive Jumpstart

Charles Lammam | Posted 05.05.2014 | Canada British Columbia
Charles Lammam

One item sorely missing from the B.C. finance minister's recent budget was a plan to make the province's business taxes more competitive and attractive for investment. When the province shifted back to the PST last year, the cost of doing business and investing increased dramatically. Disappointingly, de Jong's budget did nothing to address this shackle around BC's economy. Tax reform, however, might be the light at the end of tunnel.

You're Being Taxed on Your Tax-Free Savings Account

Tim Paziuk | Posted 06.25.2013 | Canada Business
Tim Paziuk

I wish we could call a "time out" for politicians. Wouldn't it be great if we could send them to some dark room in Parliament and make them think about what they're doing? I'm talking about the tax you pay on your RRSP and all other types of investment accounts. Tax on TFSAs, RESPs and RDSPs. Yes, you're reading this correctly.

Why Surrey's Mayor Wants $3 Million

CBC | Posted 06.23.2013 | Canada British Columbia

The Mayor of Surrey says the return to the Provincial Sales Tax is costing her city, and other cities, millions of dollars, and she wants the province...

HOW MUCH Did Restaurants Lose Under HST?

CP | Keven Drews, The Canadian Press | Posted 03.31.2014 | Canada British Columbia

VANCOUVER - The harmonized sales tax has been wiped out in British Columbia, and the provincial sales tax is back in force, but business leaders remai...

This Will Cost You More Next Week

The Huffington Post B.C. | Posted 03.25.2013 | Canada British Columbia

The return of the Provincial Sales Tax (PST) in B.C. will hurt beer drinkers' wallets, but provide some relief at the till for cyclists. B.C. is re...

New LNG Tax, Fund To Pay Off B.C. Debt: Throne Speech

Posted 02.12.2013 | Canada British Columbia

The B.C. government will create a fund that will collect royalties from natural gas and apply them to pay off provincial debt, according to the throne...

Breaking Up With The HST: It's Definitely You, Not Us

Jordan Bateman | Posted 04.01.2013 | Canada British Columbia
Jordan Bateman

No matter what, on April 1, the HST finally moves on, and we can get on with our lives. Sure, she'll be mentioned from time to time and we'll no doubt stumble across her once in a while on Facebook or Twitter, but we're finally breaking up, and we are never, ever, ever getting back together.

Scrapping HST In B.C.

CBC | Posted 07.14.2012 | Canada Politics

B.C. will drop the HST and return to an "improved" PST next year with all previous exemptions, Finance Minister Kevin Falcon announced on Monday in Vi...

B.C. Strikes Deal To Repay $1.6 Billion In HST Cash

CP | Terri Theodore, The Canadian Press | Posted 03.12.2012 | Canada Politics

VANCOUVER - Taxpayers in British Columbia will have to pay back all of the $1.6 billion the federal government paid to the province in HST transition ...

B.C.'s $1.6 Billion HST Problem

CP | Posted 02.19.2012 | Canada Politics

VICTORIA - Federal Finance Minister Jim Flaherty is dropping hints that British Columbia is in line for an extension on repaying the $1.6 billion it o...

Why B.C. Owes Ottawa $1.6 Billion

CP | The Canadian Press | Posted 01.30.2012 | Canada Politics

VICTORIA - Premier Christy Clark says she's trying to work out a new deal with Ottawa to repay the $1.6 billion British Columbia got from the federal ...

Even in Scary Economic Times, Canadians Demand Honest Government

Norman Spector | Posted 01.24.2012 | Canada Politics
Norman Spector

British Columbia presents another counter-example to the thesis of this being a good time for governments to go to the polls. To be sure, Canadians demand security in tough economic times. However, the lesson from British Columbia is that they also demand competent, honest government.

Rejection Of HST Triples B.C. Deficit

CBC | Posted 11.08.2011 | Canada Politics

B.C.'s finance minister says the province's deficit has tripled because of the rejection of the HST and that is going to mean cuts to government spend...

HST Cancellation Hurts B.C.'s Finances: Minister

CP | Dirk Meissner, The Canadian Press | Posted 11.08.2011 | Canada Politics

VICTORIA - British Columbia's finance minister says spending cuts may be coming in order to rein in a deficit that's three times higher than expected ...