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

Search continues for missing Campbell River teen

Jordan Holling, 17, went missing almost a week ago, but the community is rallying to find him

Formal goodbye ceremony takes place at St. Joseph’s

The Comox Valley officially bid farewell to St. Joseph’s General Hospital as… Continue reading

New connector now open in Courtenay

A new connection between Highway 19 and north Courtenay is now open.… Continue reading

COLUMN: Sharing Side by Side returns to the Comox Valley

Every senior has a story. But not everyone gets the chance to… Continue reading

Decision made on where buses will stop near hospital

The Comox Valley Regional District came to a verdict on where buses… Continue reading

VIDEO: Sears liquidation sales continue across B.C.

Sales are expected to continue into the New Year

Police on motorcycles tap on windows of distracted drivers in Nanaimo

Nanaimo RCMP Supt. Cameron Miller says a police motorcycle has been effective in enforcement

Silver Creek reacts after remains found, man arrested

Neighbours of property where remains were found say man arrested was sweet and polite

VIDEO: Oprah Winfrey and a celebrities attend ‘B.C. Miracle Concert’

Fundraiser featured Foster, Steven Tyler, The Tenors, Matteo Bocelli, Laura Bretan, Carly Rae Jepsen

Human remains found at Silver Creek property

RCMP have been searching the property in the 2200 block of Salmon River Road for the past three days

New B.C. acute care centre opens for young patients, expectant mothers

Facility aims to make B.C. Children’s Hospital visits more comfortable

Search ramps up for B.C. woman after dog, car found near Ashcroft

Jenny Lynn Larocque’s vehicle and dog were found in Venables Valley, but there is no sign of her

Police officer hit by car, stabbed in Edmonton attack back on job

Const. Mike Chernyk, 48, returned to work Thursday

UBC medical students learn to care for Indigenous people

Students in health-related studies to take course, workshop to help better serve Aboriginal people

Most Read