NDP will raise taxes: study
Jon Manchester - Jun 14 - BC Biz

Photo: The Canadian Press

Changes proposed in B.C. by an NDP-Green alliance would increase the yearly tax burden for the average family by $594, a study by the Fraser Institute finds.

“An NDP-Green government in B.C. would result in a marked shift in tax policy in the province, including an increase in personal income taxes, carbon taxes and business taxes,” said Niels Veldhuis, president of the Fraser Institute and co-author of the report.

The study finds the increases would add $1.4 billion to the tax burden of British Columbians, assuming the carbon tax increase is fully implemented in 2017.

Using a tax simulator, the Fraser Institute determined the average B.C. family’s tax bill would increase by $594 under a NDP-Green government, led mainly by a $482 increase in fuel and carbon taxes.

“British Columbians may soon face substantially higher taxes, given the changes proposed by the NDP and the Green Party. And their un-costed spending proposals mean future tax increases beyond those already announced are also likely,” Veldhuis said.

The proposals would increase the tax burden across the income spectrum: from $144 for families that earn between $20,000 and $50,000, to $389 for those that earn $50,000 to $100,000, to more than $1,000 for families earning $150,000 to $250,000.

The NDP and Greens have proposed a climate action rebate that would likely protect those in the lower income group from some or all of the tax increases, however details have not been specified.

All BC Biz Stories