Black Press photo

Green-NDP government in B.C. could mean $600 tax hike: report

The Fraser Institute attributes most of the potential increase to carbon taxes in a new study

A NDP and Green Party team leading B.C. will cost the average person $594 more in taxes each year, according to a new study released Wednesday.

The Fraser Institute, a right-leaning think tank, says most of that increase would come from fuel and carbon taxes.

“The NDP-Green agreement states that an NDP-Green government would implement an increase in the carbon tax by $5 per tonne per year,” the report reads. “There is no commitment to make the carbon tax increases revenue neutral.”

Families in the $20,000-$50,000 annual income bracket will likely be protected from that tax hike by the proposed climate action rebate, according to the study.

At the top end of the scale, it suggests families earning between $150,000 and $250,000 can expect to pay just over $1,000 more each year in taxes.

The analysis also says the two parties’ commitment to eliminate medical service premiums would only boost taxes in the categories.

The institute says it based its findings on the Greens’ pledge to “roll MSP payments into the payroll tax and personal income tax” and the NDP’s intent to “replace the lost revenue with increases in other taxes.”

Overall, the report found the average family earning $110,376 would see its tax rate go up by half a percentage point, from 42.1 per cent to 42.6 per cent.

Just Posted

Chilliwack school trustee Neufled vows to run for re-election on anti SOGI platform

Chilliwack crowd cheers condemnation of education ministry’s program on sexual orientation and gender identification

Parents rally to support LGBT education in Abbotsford schools

Small demonstration held in the rain to counter anti-SOGI rhetoric

RCMP warn of counterfeit US $20 bills passed in Chilliwack

Police received a ‘rash of calls’ from merchants in the Yale-Vedder corridor

Open House to offer input on density in Chilliwack neighbourhoods

The Open House is set for Nov. 30 at Evergreen Hall in Chilliwack, starting at 6:30 p.m.

VIDEO: Chilliwack’s first independent film festival

Films from around B.C. and the world were screened in Chilliwack at the inaugural festival.

Mounties appeal for public’s help after Whistler stabbing

24-year-old man was stabbed in the stomach

Opioid prescriptions up across Canada: report

The report shows the number of opioid prescriptions rose by almost seven per cent, while daily doses on average dropped

Russian meddling has implications for Canada

Kosovo president Hashim Thaci warns that Russian meddling has implications for Canada

Health Canada hints at government’s plans for legal pot

Health warnings, plain covers for pot packs under proposed regulations

Washington governor tells BC don’t be ‘daunted’ by Trump

“I want to assure this assembly that no matter who is in the White House, it won’t affect Washington state’s relationship with Canada or British Columbia.”

Liberals look to ease concerns with housing strategy

Liberals say they look to ease affordability concerns with release of their housing strategy

David Cassidy, teen idol and ‘Partridge Family’ star, dies at 67

Cassidy announced earlier this year he had been diagnosed with dementia

RCMP warn of counterfeit US $20 bills passed in Chilliwack

Police received a ‘rash of calls’ from merchants in the Yale-Vedder corridor

Most Read