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2016-2017 British Columbia budget highlights

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Feb 16, 2016

On February 16, 2016, BC Minister of Finance, Michael de Jong, presented the 2016-2017 BC budget. It was the government’s fourth consecutive balanced budget.

The key features of the budget plan were:

  • Strong economic growth in the province, especially relative to other provinces in Canada;
  • Reduction in direct operating debt, with an overall increase in debt due to spending on infrastructure; and
  • Increased support for low income families, seniors and rural development.

Taxation measures announced in the budget can be broadly described as measures to:

  • Achieve social policy objectives; and
  • Strengthen and grow the BC economy.

However, the overall net impact of the tax measures is relatively modest for the 2016-2017 and 2017-2018 fiscal years.

The announced changes to taxation in British Columbia are outlined in our Canadian tax alert

For further details, we refer you to the Ministry of Finance website.

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