B.C. Finance Minister Carole James. (Tom Fletcher/Black Press)

Bills to grow bigger in 2019 for B.C. residents

Employer health tax, ICBC, fuel taxes top list of new costs

Household budgets don’t balance themselves, and B.C. residents are looking ahead to tax and fee increases that will have to be accommodated in 2019.

First up for many will be property assessments, as municipalities calculate their property taxes for the year. With a new employer health tax on business and municipal payrolls above $500,000, plus the remaining year of Medical Services Plan premiums for employers who cover their employers, city councils are looking at property tax hikes of up to five per cent for 2019.

For Surrey, the double cost for 2019 is estimated to be $4.7 million, then $3.35 million the year after when MSP is eliminated. Businesses have also noted that the burden of employee MSP premiums is less than the payroll tax the NDP government has imposed to recover the revenue.

Asked about that burden in a year-end interview with Black Press, Premier John Horgan emphasized that self-employed and small business people have been paying their own MSP, and large businesses are getting other benefits from his government’s policies.

“In the interim, those very businesses that are asking for more child care, asking for housing affordability so they can retain employees, are getting those services they need,” Horgan said.

WATCH: Premier Horgan talks taxes in year-end interview

For renters, the province has capped the maximum rent increase for 2019 at 2.5 per cent, the federal estimate of inflation for the year.

The Insurance Corp. of B.C. has applied for a 6.5 per cent increase to basic vehicle insurance for 2019, as it struggles with rising accident rates and injury claims. By the fall of 2019, the province is imposing a cap on pain and suffering claims against ICBC and adjusting rates to reflect the higher accident risk of new drivers and urban areas.

While other Canadian provinces see the imposition of a carbon tax on fuels for the first time, B.C.’s decade-old carbon tax goes up from $35 to $40 per tonne of carbon dioxide emissions on April 1. That translates to nearly nine cents per litre on gasoline, on top of the existing regional, provincial and federal fuel and sales taxes.

RELATED: Metro Vancouver gasoline tax rises to fund transit

For home natural gas users, FortisBC has increased its rates nine per cent for 2019, after gas fell to record lows and the utility was charging more for carbon tax than it was for gas.

Another bite to the paycheque is an increase in Canada Pension Plan, which the Canadian Taxpayers’ Federation estimates will cost the average worker an extra $98 in 2019. It’s the first of five annual increases to CPP premiums designed to shore up the plan as baby boomers retire in large numbers.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislaturecarbon tax

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The bobsled race has traditionally been a staple event at the carnival. File photo
Upcoming Rossland Winter Carnival cancelled due to COVID-19 crisis

This is the first time the carnival won’t be held in decades

A tender for the project will be sent out on BC Bid. Photo: B.C. Government
Nakusp Elementary School child care centre set to open in May 2022

Conceptual drawings and project timelines for centre have already been complete

People participating at a Remembrance Day event in Nakusp in 2016. Photo: Jillian Trainor
Scaled-down Remembrance Day event to take place in Nakusp

People are asked to physically distance and wear masks if they attend the event

A view of proposed seniors housing on Vernon St. Illustration: City of Nelson/ Vendure Retirement Communities
Nelson seniors housing project to start construction in the spring

Private development on Vernon Street will provide assisted living services as well as housing

test tube with the blood test is on the table next to the documents. Positive test for coronavirus covid-19. The concept of fighting a dangerous Chinese disease.
Interior Health records third COVID-19 death

A new community outbreak was reported at Okanagan Men’s Centre in Lake Country

Physical distancing signs are a common sight in B.C. stores and businesses. THE CANADIAN PRESS
272 more COVID-19 cases for B.C., outbreak at oil sands project

Three new health care outbreaks, three declared over

This house at 414 Royal Ave. became notorious for its residents’ and visitors’ penchant for attracting police. It was also the site of a gruesome torture in August 2018. It was demolished in 2019. KTW
6-year sentence for Kamloops man who helped carve ‘rat’ into flesh of fellow gang member

Ricky Dennis was one of three men involved in the August 2018 attack

Cpl. Nathan Berze, media officer for the Mission RCMP, giving an update on the investigation at 11:30 a.m., Oct. 30. Patrick Penner photo.
VIDEO: Prisoner convicted of first-degree murder still at large from Mission Institution

When 10 p.m. count was conducted, staff discovered Roderick Muchikekwanape had disappeared

Among the pumpkin carvings created this year by Rick Chong of Abbotsford is this tribute to fallen officer Cont. Allan Young.
Abbotsford pumpkin carver’s creations include fallen police officer

Rick Chong carves and displays 30 pumpkins every year

An online fundraising campaign in support of the six-year-old boy, Edgar Colby, who was hit by a car on Range Road Oct. 25 has raised more than $62,000 in a day. (Submitted)
$62K raised in 1 day for boy in coma at BC Children’s after being hit by vehicle in Yukon

The boy’s aunt says the family is “very grateful” for the support they’ve received from the community

Health care employees take extensive precautions when working with people infected or suspected of having COVID-19. THE CANADIAN PRESS/Chris Young
WorkSafeBC disallows majority of COVID-19 job injury claims

Health care, social services employees filing the most claims

Conservative leader Erin O’Toole rises during Question Period in the House of Commons in Ottawa on Wednesday October 28, 2020. (Adrian Wyld/The Canadian Press)
Conversion therapy ban gets approval in principle, exposes Conservative divisions

Erin O’Toole himself voted in favour of the bill, as did most Conservative MPs

Blue Sky Kingdom.
Kimberley’s Bruce Kirkby publishes “Blue Sky Kingdom” documenting family adventure to Zanskar

Kirkby third book explores spirituality, mental health, modernity and tradition

Most Read