A 'D' is till as pass, right?
Vancouver business group gives B.C. budget poor ‘D’ grade
After the provincial government announced this year’s budget, the Greater Vancouver Board of Trade (GVBOT) says that B.C.’s fiscal situation is grim.
The business association assigned the budget a “D” – the lowest letter grade in over six years.
The GVBOT says it is especially concerned about levy increases by expanding the number of businesses that have to pay the Provincial Sales Tax (PST).
The budget provides that professional services, such as accounting and bookkeeping, architectural, engineering, geoscientist, and commercial real-estate fees, will no longer be exempt from having to pay PST starting Oct. 1, 2026.
Bridgitte Anderson, GVBOT’s CEO, tells 1130 NewsRadio that modest investments over the last few years are cancelled out by those tax hikes, which will impact everyone in the province.
“When you look at the incentive for the tax credit around manufacturing and processing, it looks like a positive step, but it is more than offset by $4 billion in new taxes,” she said.
After the provincial government announced this year’s budget, the Greater Vancouver Board of Trade says that B.C.'s fiscal situation is grim.
vancouver.citynews.ca