Income tax lifts B.C.’s surplus to $5-billion over estimate, finance minister says

Faster-than-expected economic recovery has pushed British Columbia’s operating surplus to $5-billion more than estimated in the last quarter.

The minister says the operating surplus of $5.7-billion, up from $706-million, puts the province in a “significant surplus position,” to continue using its resources to deliver results on housing, public safety, health care and climate change. Robinson says $2-billion of the added revenue has already been earmarked for cost-of-living measures announced since the summer.

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Income tax lifts B.C.'s surplus to $5 billion over estimate, finance ministerFinance Minister Selina Robinson says much of the added surplus comes from higher personal and corporate income taxes, while sales taxes and natural gas… so give it back? On the seventh day of Christmas, my true love sent to me Seven swans a-swimming Six geese a-laying Five billion dollars Kevin Falcon has left the building.
Source: VancouverSun - 🏆 49. / 61 Read more »