Article Posted date
28 February 2023
The budget anticipates a surplus of $3.6 billion for 2022-23 and projects deficits of $4.2 billion for 2023-24 and $3.8 billion for 2024-25. Although the budget does not include any new changes to the corporate or personal tax rates, it introduces a Renter’s Tax Credit, increases the B.C. Climate Action Tax Credit and amends the provincial sales tax rules for online marketplace facilitators and services, among other changes.
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