BC Biz

Luxury marina for Victoria
Jon Manchester - Jan 31, 2017 - BC Biz

A $24-million luxury marina is set to open in Victoria this summer. Victoria International Marina is under construction in the capital’s outer harbour. Community Marine Concepts unveiled new drawings this week showing what the marina look. The 28-slip marina will cater to large vessels of 65 feet in length and up, will have a floating […]

Foreign home tax reversal
The Canadian Press - Jan 31, 2017 - BC Biz

A man who lost thousands of dollars when British Columbia introduced a tax on foreigners buying homes says tweaks to the policy are a good step forward but the harm has already been done to his family. Nic Benner and his family had just moved to the Vancouver area from Colorado for his job in […]

Your share of gov’t debt
Jon Manchester - Jan 24, 2017 - BC Biz

Paying the interest on government debt cost Canadian taxpayers $62.8 billion last year, says the Fraser Institute. That translates to $1,752 for every Canadian, or slightly more than $7,000 for a family of four. The think-tank’s study says federal and provincial debt in 2016-17 will total $1.4 trillion, an increase of more than half-a-trillion dollars […]

Missing her targets
The Canadian Press - Jan 23, 2017 - BC Biz

Premier Christy Clark says her government’s retooled jobs plan aims to make British Columbia the most diversified economy in Canada. The premier admitted during a five-year update on her jobs plan that the government missed previous targets for students, on growth in mines and for the liquefied natural gas industry. Clark says diversification, innovation, trade […]

More spending on plastic
Jon Manchester - Jan 23, 2017 - BC Biz

B.C. and Ontario led the nation in consumer spending in the fourth quarter of 2016. And, more of us are pulling our plastic to make those purchases, which are increasingly on luxury items. Spending grew by 4.19 per cent nationally, according to debit and credit processor Moneris. Ontario saw a 6.24 per cent increase, and […]

A drink at the barber’s
Okanagan Edge Staff - Jan 23, 2017 - BC Biz

B.C.’s newest liquor regulations come into force today, allowing businesses like barbershops, salons, book stores and art galleries to apply for a liquor licence. The government says the changes will update the laws and reduce red tape. The new act will allow: all types of businesses to apply for a liquor licence, giving them opportunities […]

Big byte in B.C. economy
Alanna Kelly - Jan 20, 2017 - BC Biz

B.C.’s tech sector is breaking records. According to the provincial Ministry of Technology, Innovation and Citizens’ Services, the tech sector in British Columbia is has hit the milestone of employing more than 100,000 people. The B.C. tech sector also had the highest company revenues and employee wages ever recorded. “In today’s economy, virtually every business relies […]

Tax breaks for loggers
Okanagan Edge Staff - Jan 20, 2017 - BC Biz

The provincial government will soon be giving timber harvesting contractors a financial boost with new tax credits for job training. Premier Christy Clark made the announcement at the Truck Logger Association’s annual convention, laying out a plan to work with the TLA to create tax breaks for on-the-ground training aimed at B.C. timber harvesting contractors. […]

Letnick defends wine policy
Wayne Moore - Jan 19, 2017 - BC Biz

Agriculture Minister Norm Letnick is defending B.C.’s grocery store wine policy in the wake of a U.S. trade challenge. The American government, as predicted by wine industry groups in the province, is challenging the sale of B.C.-only wines in grocery stores as a breach of Canada’s commitments to the World Trade Organization. They claim it’s […]

Moby Dick offensive?
The Canadian Press - Jan 19, 2017 - BC Biz

A condo council on Vancouver’s waterfront is named in a civil lawsuit over allegations it refused to lease space to a fish and chip restaurant called Moby Dick partly because of an offensive word in its name. Mengfa International Resources alleges in its notice of claim that the condo council overseeing the commercial property it […]