In last year's Liberal election platform, Prime Minister Justin Trudeau promised to legalize marijuana, touting a "new system of strict marijuana sales and distribution, with appropriate federal and provincial excise taxes applied." By leaving out the possibility of city taxes, Trudeau raised the hackles of spend-crazy mayors across the nation. Now the mayors are pushing back -- they want a piece of the green.
B.C. has become the first foreign government to issue a Masala bond in India. Essentially, B.C. took on $97.5 million in debt and immediately reinvested that money not in B.C. infrastructure or something that would help B.C. taxpayers, but in the Housing Development Finance Corporation (HDFC) Limited of India.
At a time when many B.C. taxpayers are struggling under the weight of their heavy tax burden, growing personal debt, and an incredibly high cost of living, our locally elected officials are there to remind us all of how hopelessly out of touch they are.
There's no tax quite as popular as a tax on someone else. But will the people still be on board once the bills come in for collecting the Vancouver vacancy tax, or when the foreign investment tax has to morph to catch the money coming into the country? Or if housing prices are unaffected? Or if housing prices plunge and Canadian homeowners owe more than their home is worth?
Todd Stone, B.C.'s minister of transportation, has apparently told the Victoria Regional Transit Commission (VRTC) that he will approve their long-standing request for a two cents per litre gas tax hike in the Victoria region. The VRTC wants the tax, which would generate $6.6 million, for bus improvements.
Finance Minister Michael de Jong pulled out some bright red lipstick and smeared it all over the Medical Services Premium
Road levy. Recreation and culture levy. Transportation for tomorrow tax. Dedicated road tax. Asset levy. Make no mistake: we want our cities to invest in infrastructure. Sewer, water, roads; these are core responsibilities of local government. But repackaging this spending with a new tax is a slap in the face.
All told, the B.C. government cut cheques for $1.5 billion in film subsidies over the past five years. That's more than taxpayers spent on the ministries of aboriginal relations, agriculture and environment -- combined. As if that wasn't enough, the federal government jumped in with $1.73 billion more nation-wide. With the low Canadian dollar attracting more filming here, these subsidies are going to soar even higher in 2016-17, as there are no caps on these payouts.
The bipartisan legislative committee was asked by Finance Minister Michael de Jong to travel the province and make recommendations for the 2016-17 B.C. budget. Unfortunately, the committee fell into the usual trap of recommending billions in new spending requests put in by dozens of special interest groups.
Peter Fassbender hasn't addressed a core concern for hundreds of thousands of taxpayers, expressed during the campaign that sent the TransLink sales tax down to landslide defeat: TransLink is still broken, still lacking the public's confidence.