Taxes

BC’s natural gas giveaway: Production soars, revenues plummet

Feb 9, 2017
Not long ago, BC received huge annual royalty revenues from its growing natural gas sector. The revenues were often billed as paying for essential public services like health care and education, and were appealing politically as they meant governments did not have to raise taxes to do so. The provincial government claimed that new production… View Article

Taking stock of BC’s new (affordable?) housing policies

Jan 11, 2017
In 2016, the BC government set out several new actions intended to address housing affordability. But as 2017 begins, Metro Vancouver continues to have a massive problem – in both home ownership affordability and rental markets. This threatens to undermine the region’s long-term prosperity by driving out young people and making it harder to attract… View Article

BC Tax Commission focuses on business and not the rest of us

Nov 23, 2016
This fall we presented recommendations to the provincial government’s “Commission on Tax Competitiveness”, which released its final report today. But the Commission suffered from a basic flaw: an exclusive focus on business taxes. What about how BC’s overall tax system affects the large majority of British Columbians? The Commission’s terms of reference precluded consideration of… View Article

The case for a progressive property tax

Nov 2, 2016
In 1993, then-Finance Minister Glen Clark tabled a controversial BC Budget, featuring a wide range of tax changes. A one-point increase in the provincial sales tax was the largest measure, tempered by the introduction of a refundable sales tax credit. Most of the budget measures increased taxes on the wealthy and corporations. Up went the… View Article

Rising housing prices fuel the growing gap

Sep 19, 2016
Vancouver is now a “city of millionaires”, according to Environics’ 2016 Wealthscapes report: In B.C., the red-hot real estate market fueled a rise in average net worth, producing Canada’s first “city of millionaires”: Vancouver. In 2015, the average net worth of Vancouver households hit $1,036,202 – an impressive 7.1 percent increase over the previous year. You are forgiven if… View Article