BC Budget 2013-14.

[steven lloyd]

geez, the liberals are going to RAISE taxes...what?
obviously businesses will be exiting BC now due to this corporate tax increase....

headline: "BC Liberals Deliver NDP Budget"

[Veovis]

Politically and fiscally I had to imagine some form of tax increases, and I highly doubt it's any coincidence they match many of the NDP plans.

So who gets the long term credit, NDP or Libs? Usually tax increases costs votes but everyone was expecting them from the Liberals so will it hurt or help.

headline: "BC Liberals Deliver NDP Budget"

Close isn't it, but they didn't make large increases to education wages. (or did I miss that.)

[Urbane]

I've been busy for the past couple of days and haven't had a detailed look at the budget yet but I just wanted to mention that the government said after the HST defeat that it might well have to raise corporate taxes. No surprise that it actually happened.

[grammafreddy]

Well, that budget sucks.

http://www.castanet.net/news/BC/87632/Budget-highlights

New spending:

A one-time $1,200 grant for children born Jan. 1, 2007, to be deposited directly into a Registered Education Savings Plan. The grants will come from an existing children's education fund that was established in 2007.
An early childhood refundable tax credit for families with children under six worth up to $660, starting in April 2015. The tax credit is expected to cost $146 million in its first year
$32 million over three years to create new childcare spaces.
$37 million over three years to improve the quality of child care and services.
$52 million for the RCMP to maintain services over three years.
$18 million to fund programming for kids in the arts.
$5 million for treatment for problem gambling.
$13 million over three years to renovate 13 single room occupancy hotels in Vancouver.

Where's the money for seniors and the disabled?

And a $2 per carton increase on smokes? Where's the increase on booze and wine and beer?

[Captain Awesome]

The better question is - where's the money for boozing disabled seniors?

[grammafreddy]

The better question is - where's the money for boozing disabled seniors?

Exactly - especially ones who smoke.

[NAB]

I don't know quite how to take it yet. On first blush it looks to me like they just kicked the can down the road once more, and whether they succeed in achieving balanced financial results with these relatively minor tweaks to the status quo we won't even know until just before the next BC Election in 2017 :-)

Nab

[grammafreddy]

And no money for the Penticton Hospital, either?

[Captain Awesome]

I guess they had no guts to raise taxes for everybody.

[Sn0man]

Effective in January 2014, the province is introducing a temporary two-year, 2.1-per-cent personal income tax hike for those earning more than $150,000 a year.

Temporary = permanent.

[Logitack]

I guess they had no guts to raise taxes for everybody.

they did raise taxes on everybody...one of them is called the MSP premium increase by another 4%, the SIXTH increase in 5 years

[NAB]

I guess they had no guts to raise taxes for everybody.

Was that your wish Cap'n?

Nab

[Captain Awesome]

they did raise taxes on everybody...one of them is called the MSP premium increase by another 4%, the SIXTH increase in 5 years

Well, let's be honest here. Eight dollars isn't a real increase.

[Captain Awesome]

Was that your wish Cap'n?

Nope, but it would be what's logical AND needed.

[flamingfingers]

I don't know quite how to take it yet. On first blush it looks to me like they just kicked the can down the road once more, and whether they succeed in achieving balanced financial results with these relatively minor tweaks to the status quo we won't even know until just before the next BC Election in 2017

Nab

Looks to me like they are holding a garage sale of assets to try and boost the budget. Like have a massive garage sale and even selling off your kitchen table so you can afford the mortgage for a couple more months. Pretty pathetic.