Proposed reduction of the BC small business - Bill 8
May 03, 2017
The British Columbia Legislative Assembly was dissolved on April 11, 2017 and a provincial general election will be held on May 9, 2017. Consequently, Bill 8, which contained the proposed reduction of the BC small business rate from 2.5% to 2% effective April 1, 2017, no longer exists – it “died on the order paper”.
Bill 8 had received first reading on February 21, 2017. As such, the reduced small business rate was, but is no longer substantively enacted. If the post-May 9, 2017 government will want to reduce the small business rate to 2%, it will be required to formally propose the amendment by tabling a new bill in the Legislative Assembly.
