Premier John Horgan shakes thirteen-month-old Caliah Kornneluk’s foot as her mom Jocye Yan looks on after the premier along with Minister of Finance, Carole James and Minister of Health, Adrian Dix held a news conference in downtown Vancouver, Thursday, December, 5, 2019. THE CANADIAN PRESS/Jonathan Hayward

B.C. NDP touts the end of MSP premiums

Horgan, James held news conference to reiterate that people will get their last bill this month

British Columbians will ring in the new year by joining all Canadians in not paying monthly rates for health care.

Premiums under the province’s Medical Services Plan will be eliminated starting Jan. 1, saving individuals up to $900 a year while families will pocket up to $1,800.

The Finance Ministry says ditching the “unfair” premiums will amount to a net tax cut of $800 million.

Finance Minister Carole James says the last such health-care tax in the country has been the most complex of any of the province’s programs to manage.

B.C. BUDGET 2018: Payroll tax replaces medical premiums

The change will come two years after premiums were halved and a year after B.C. introduced a payroll tax of 1.95 per cent for businesses with a payroll more than $1.5 million.

Companies with a payroll under $500,000 have been exempt from the tax, while those in between pay a reduced rate, though some business owners have complained it leads to losses when profit margins are already thin.

KEEP READING: Think B.C.’s employer health tax doesn’t affect you? Think again

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

UPDATE: Former Chilliwack city councillor’s breach of trust case resolved using ‘alternative measures’

Charges dropped against Sam Waddington who faced two counts from 2017 related to allegations

Corn maze set to open in Chilliwack with ‘together’ as this year’s theme

New protocols include wider pathways, limited people at Chilliwack Corn Maze

Adam Smith resigns as Sardis Falcons football head coach

Sukh Parmar takes over as Smith heads back to Manitoba to take care of his ailing mother

UBC soccer star Victory Shumbusho offers one-on-one training for Chilliwack players

The Chilliwack FC grad believes players need more training to reach higher levels of soccer

Wings and Wheels fundraiser ready to roll in Abbotsford this weekend

Unique collection of cars invading Tradex for drive-thru experiences on Saturday and Sunday

Canucks ride momentum into NHL playoff series against defending Stanley Cup champs

PREVIEW: Vancouver opens against St. Louis on Wednesday

Man, 54, charged in connection with fatal attack of Red Deer doctor

Doctor was killed in his walk-in clinic on Monday

One dead as fish boat sinks off southern Vancouver Island

Shawnigan Lake-registered Arctic Fox II went down off Cape Flattery, west of Victoria

42 more people test positive for COVID-19 in B.C.

The province has recorded no new deaths in recent days

Joe Biden selects California Sen. Kamala Harris as running mate

Harris and Biden plan to deliver remarks Wednesday in Wilmington

Displaced tenant ‘heartbroken’ to find Langley City condo robbed after fire

Wedding rings of Michelle Buchan’s have since been recovered, but much is still missing

Canucks fan risks life to celebrate at Surrey intersection

‘All fun and games until somebody falls out an open side door of the van’

‘Agitated’ man pulls out knife on 3 people in Abbotsford

Witnesses sought for incident on Monday night near city hall

Most Read