Black Press photo

Green-NDP government in B.C. could mean $600 tax hike: report

The Fraser Institute attributes most of the potential increase to carbon taxes in a new study

A NDP and Green Party team leading B.C. will cost the average person $594 more in taxes each year, according to a new study released Wednesday.

The Fraser Institute, a right-leaning think tank, says most of that increase would come from fuel and carbon taxes.

“The NDP-Green agreement states that an NDP-Green government would implement an increase in the carbon tax by $5 per tonne per year,” the report reads. “There is no commitment to make the carbon tax increases revenue neutral.”

Families in the $20,000-$50,000 annual income bracket will likely be protected from that tax hike by the proposed climate action rebate, according to the study.

At the top end of the scale, it suggests families earning between $150,000 and $250,000 can expect to pay just over $1,000 more each year in taxes.

The analysis also says the two parties’ commitment to eliminate medical service premiums would only boost taxes in the categories.

The institute says it based its findings on the Greens’ pledge to “roll MSP payments into the payroll tax and personal income tax” and the NDP’s intent to “replace the lost revenue with increases in other taxes.”

Overall, the report found the average family earning $110,376 would see its tax rate go up by half a percentage point, from 42.1 per cent to 42.6 per cent.

Just Posted

Parents grieving teen’s overdose death say it started with opioid prescription

Elliot Eurchuk, 16, died at his Oak Bay home Friday, after taking street drugs

Indigenous leader shares traditional knowledge of B.C. plants for Earth Day

Guided walks through Beacon Hill Park provide insight to historical uses of Camas, Indian Plum, snow berries

Dix says B.C. remains focused on fighting youth overdoses in wake of teen’s death

Elliot Eurchuk’s parents say he died at his Oak Bay home after taking street drugs

Rockin’ steady with Phonosonics

Victoria roots reggae band looks to attract wider audience with appearance on Rise Up TV show

Central Saanich, Tsawout taking part in reconciliation ceremony

Blanket event Monday to help foster mutual trust and respect

Spring Home Show this weekend in Colwood

West Shore Parks and Recreation will be transformed to showcase everything home related

LOCAL FLAVOUR: Taking the sting out of nourishing nettles

Linda Geggie For the Saanich News When you think of nettles you… Continue reading

Final week for ALR input

Public consultation process closes April 30

‘When everybody leaves: Counselling key to help Humboldt move on after bus crash

Dealing with life after a tragedy can be the worst part following a loss

Central Saanich, Tsawout taking part in reconciliation ceremony

Blanket event Monday to help foster mutual trust and respect

Ballet Victoria soirée fundraiser a prelude to final show of season

Company winds up its 15th season in the city with Peter Pan next month

Half-naked shooter guns down four, runs away in Nashville Waffle House shooting

Nashville police say they are looking for Travis Reinking in connection with the shooting

Child’s body found in river downstream from where boy went missing during flood

Three-year-old Kaden Young was swept out of his mother’s arms in February

Most Read