Proposed reduction of the BC small business - Bill 8

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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.

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