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British Columbia NDP Majority Government 2024-(no later than) 2029

The Greens posturing before the disastrous budget due out on Feb 17th... let's see what they can milk this (minority government) cow for ;)


The BC Green Party announced Monday that it will not renew an accord with the Premier David Eby's NDP when the deal expires next month, potentially undermining the stability of the provincial government with its one-seat majority.

The Greens issued a statement saying there were "undelivered or stalled" commitments from the governing New Democrats, with about two-thirds of the goals going unaccomplished in the first year of the agreement.

Jeremy Valeriote, the MLA for West Vancouver Sea-to-Sky, said the accord contained clear targets, including those related to health care, transit and electoral reform, and too many had been "stalled or sidelined" by the NDP.

"I'll note there's not even yet a plan to have public buses rolling on Highway 99," he told reporters at the legislature on Monday. "(Green Leader Emily Lowan) mentioned $50 million that was supposed to be sent bringing psychologists into the health-care system, $15 million on community health centres."

"This is what accountability looks like. It's calling out lack of action," he said of the Greens' decision against renewing the deal known as the Co-operation and Responsible Government Accord.

 
I’m waiting for them to take the Dutch approach… because in this country we are absolutely on the path to that kind of stupidity.
 

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Well they will likely soon stop funding nursing homes and long term care fir seniors since MAID is the first offering out of the gate.
 
I’m waiting for them to take the Dutch approach… because in this country we are absolutely on the path to that kind of stupidity.
A couple of cursory searches seem to indicate that it's possible to pay taxes on a paper value and then subsequently sell at a lower value and not recover the taxes paid. I am finding it difficult to believe that is actually the case.
 
A couple of cursory searches seem to indicate that it's possible to pay taxes on a paper value and then subsequently sell at a lower value and not recover the taxes paid. I am finding it difficult to believe that is actually the case.
Imagine having your business valued at 3 million if you sold it, but you have no plans to do so. Nonetheless, you’re taxed on that valuation. So you pay the tax every year. Then you sell the business for 1 million less than valuation. Then what? Well apparently the purchaser is taxed at the 3 million anyway.
Couldn’t think of a better way to kill off small business capitalism.
 
Imagine having your business valued at 3 million if you sold it, but you have no plans to do so. Nonetheless, you’re taxed on that valuation. So you pay the tax every year. Then you sell the business for 1 million less than valuation. Then what? Well apparently the purchaser is taxed at the 3 million anyway.
Couldn’t think of a better way to kill off small business capitalism.
The impression from (again) a brief skim of some articles that I have is that there won't be any double (repeat) taxation, but it's possible to pay taxes on a valuation higher than what is actually realized.

People don't just sit still to be fleeced. Any government that monkeys with capital gains on asset values is going to provoke a lot of unintended consequences. Better if some other country takes the plunge to provide the horrible warnings.
 
Well as I understand it they won’t double tax but they won’t forego taxes the government could have realized but for the asset owner not selling at peak valuation. No idea what the offsets are.
 
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.


 
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