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

Finance Minister Selina Robinson says much of the added surplus comes from higher personal and corporate income taxes, while sales taxes and natural gas royalties were also higher.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Those include $1 billion for the Climate Action Tax Credit and B.C. Affordability Credit increases, $395 million for car insurance rebates and $320 million for a one-time electricity bill credit. Since being sworn-in one week ago, Premier David Eby has made several spending announcements, including pledging $230 million in police funding to hire hundreds more officers.

Robinson says the operating surplus of $5.7 billion puts B.C. in a strong position to continue using its resources to deliver results on housing, public safety, health care and climate change.More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. For just $3.50 per week, you can get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. Support us by subscribing today:

Half to health care. Half to debt?

Kevin Falcon has left the building.

On the seventh day of Christmas, my true love sent to me Seven swans a-swimming Six geese a-laying Five billion dollars

so give it back?

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B.C. Greens call for more non-market housing and increased disability assistance for low-income peoplePremier David Eby on Monday announced two pieces of legislation aimed at increasing the housing supply in B.C. Why are people so obsessed and happy to have government build and own housing which people will have to rent from them for eternity as a solution? Being stuck renting a shitty government apartment my whole life isn’t what I’d ask for when it comes to affordable housing Why not just public housing like we used to build? That worked Yes, but where is the money going to come from? They never have that part of the equation. All tax payers are stretched at the moment.
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