OPINION: High income taxes make B.C. less attractive and productive
Over the last five years, the British Columbia government has raised taxes on the province’s top income earners including doctors, entrepreneurs and businessowners. While these tax increases were meant to generate more revenue for Victoria to provide public services, they’ve simply made the province less attractive to high income earners and have likely done little to generate more revenue.Additionally, in 2016 the Trudeau government increased the top federal tax rate by four percentage points.
Of course, taxes aren’t the only factor that determine where people choose to live, but for high-earning individuals who see a large share of their income taxed at that rate, high tax rates make B.C. less attractive compared other jurisdictions including U.S. states with much lower tax rates. In the global race to attract and retain doctors or businessowners who fuel the economy and create jobs, tax policy is key.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terrace figure skaters win big at regional championships - Terrace StandardTerraceBC figure skaters win big at regional championships
Read more »
Even if it’s legal, selling pot harms society - Terrace StandardRemove the drug market and those who represent it, says letter writer
Read more »
B.C. drug advocates cautiously optimistic about decriminalization - Terrace StandardB.C. drug advocates cautiously optimistic about decriminalization
Read more »
Const. Nicole Chan feared never working at VPD again after hospital stint: sergeant - Terrace StandardConst. Nicole Chan feared never working at VPD again after hospital stint: sergeant
Read more »
2,272 people died from poisoned drug supply in B.C. in 2022: coroner - Terrace StandardMore than 11,000 deaths since public health emergency was declared in April 2016
Read more »