B.C. Finance Minister Carole James. (Tom Fletcher/Black Press)

Bills to grow bigger in 2019 for B.C. residents

Employer health tax, ICBC, fuel taxes top list of new costs

Household budgets don’t balance themselves, and B.C. residents are looking ahead to tax and fee increases that will have to be accommodated in 2019.

First up for many will be property assessments, as municipalities calculate their property taxes for the year. With a new employer health tax on business and municipal payrolls above $500,000, plus the remaining year of Medical Services Plan premiums for employers who cover their employers, city councils are looking at property tax hikes of up to five per cent for 2019.

For Surrey, the double cost for 2019 is estimated to be $4.7 million, then $3.35 million the year after when MSP is eliminated. Businesses have also noted that the burden of employee MSP premiums is less than the payroll tax the NDP government has imposed to recover the revenue.

Asked about that burden in a year-end interview with Black Press, Premier John Horgan emphasized that self-employed and small business people have been paying their own MSP, and large businesses are getting other benefits from his government’s policies.

“In the interim, those very businesses that are asking for more child care, asking for housing affordability so they can retain employees, are getting those services they need,” Horgan said.

WATCH: Premier Horgan talks taxes in year-end interview

For renters, the province has capped the maximum rent increase for 2019 at 2.5 per cent, the federal estimate of inflation for the year.

The Insurance Corp. of B.C. has applied for a 6.5 per cent increase to basic vehicle insurance for 2019, as it struggles with rising accident rates and injury claims. By the fall of 2019, the province is imposing a cap on pain and suffering claims against ICBC and adjusting rates to reflect the higher accident risk of new drivers and urban areas.

While other Canadian provinces see the imposition of a carbon tax on fuels for the first time, B.C.’s decade-old carbon tax goes up from $35 to $40 per tonne of carbon dioxide emissions on April 1. That translates to nearly nine cents per litre on gasoline, on top of the existing regional, provincial and federal fuel and sales taxes.

RELATED: Metro Vancouver gasoline tax rises to fund transit

For home natural gas users, FortisBC has increased its rates nine per cent for 2019, after gas fell to record lows and the utility was charging more for carbon tax than it was for gas.

Another bite to the paycheque is an increase in Canada Pension Plan, which the Canadian Taxpayers’ Federation estimates will cost the average worker an extra $98 in 2019. It’s the first of five annual increases to CPP premiums designed to shore up the plan as baby boomers retire in large numbers.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Coquitlam Express finally get a road win at Chilliwack

Dallas Farrell had two points including the game-winning goal in a 4-3 victory Wednesday night.

Delapidated houses on Henderson get demolition deadline

Property owner has to fence off and then demolish Chilliwack downtown properties within 30 days

Harrison country singer teaches kids to ‘follow your heart’

Todd Richard will be performing his song ‘Follow Your Heart’ for students on Feb. 1

Offender reintegration program gets $1.23 million in federal funding

Abbotsford-based No One Leaves Alone project also serves Mission, Chilliwack and Langley

Lucas Mannes comes home, leading Calgary Dinos against UFV Cascades

The Canada West scoreboard tracks Chilliwackians playing in the university basketball ranks.

Canada’s archive buys rare book that hints at Nazi plans for North America

The 1944 book may have served as a blueprint for a Nazi purge

B.C. hospital apologizes for veteran’s five-day hallway stay

Clinical director of Victoria General Hospital says case of retired veteran ‘definitely excessive’

Speaker Darryl Plecas says ‘justice’ needed for legislature employees

Plecas spoke to media at the opening of a pedestrian and cycling bridge in Abbotsford Wednesday

Advocate hopes B.C. legislature scandal leads to more transparency

‘Depressing’ that it takes a scandal to inspire freedom of information reform, says Sara Neuert

‘Dr. Lipjob’ avoids jail, gets 30-day suspended sentence

She will have to serve the 30 days in prison if she commits a breach during her two-year’s probation

Ex-Mountie involved in Taser death at Vancouver airport sues government

Kwesi Millington claims he acted in accordance with RCMP training

47 men arrested by Vancouver police for allegedly seeking sex with teenage girls

Seven of those arrested have been charged as part of a two-month operation

Surrey farmers taking stock of revamped Canada Food Guide

Products that were once big at the table — like meat and dairy — have been put on the back-burner

Surrey Pretrial inmate lodges human rights complaint for not being fed kosher food

Inmate claims denial of her request for kosher diet violates Section 8 of the Human Rights Code

Most Read