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

Vancouver Island homeowners buy more earthquake insurance than the rest of B.C.

Insurance Bureau of Canada says that’s because the perception of risk is greater on the Island

District of Oak Bay issues notice to cease tent city

The notice is effective immediately

‘Leaning tower’ rental building proposed for downtown Victoria

The building would offer 93 residential units targeted at young professionals

Anxiety amongst voters on amalgamation referendum

Non-binding referendum asks Victoria and Saanich residents to endorse citizens’ assembly

Lisa Helps campaigners target downtown Victoria bikes for election ads

Flyers were hung off of parked bikes in the downtown area

B.C. NDP retreats again on empty-home tax for urban areas

Rate reduced for all Canadians, dissident mayors to get annual meeting

Find your future at Black Press career fair in Victoria

More than 70 booths expected at Bay Street Armoury on Oct. 25

Jets score 3 late goals to beat Canucks 4-1

Winnipeg ends three-game Vancouver win streak

POLL: Do you support amalgamation for communities in the Capital Region?

Residents in Victoria and Saanich will be voting on Oct. 20 on… Continue reading

San Group announces plans to build new sawmill in Port Alberni

San Group has purchased 25 acres of Catalyst Paper land for expansion

Two B.C. cannabis dispensaries raided on legalization day

Port Alberni dispensaries ticketed for “unlawful sale” of cannabis

Canada not sending anyone to Saudi business summit

Sources insist Ottawa never intended to dispatch a delegation this time around

VPD ordered to co-operate with B.C. police watchdog probe

According to the IIO, a court is ordering Vancouver police to co-operate with an investigation into a fatal shooting

Earthquake early-warning sensors installed off coast of B.C.

The first-of-its kind warning sensors are developed by Ocean Networks Canada

Most Read