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

Over the years, Janice Blackie-Goodine’s home in Summerland has featured elaborate Halloween displays and decorations each October. (File photo)
QUIZ: How much do you really know about Halloween?

Oct. 31 is a night of frights. How much do you know about Halloween customs and traditions?

Mara Lake is one of the significant water resources across the Okanagan-Shuswap region that will fall under increasing sustainability pressure as the anticipated population growth for the region continues in this century. (File photo)
Okanagan Valley water supply sustainability reaching a critical point: Global expert

Global expert says Okanagan Basin Water Board offers sustainable path forward

Four staff members at the Okanagan Men’s Centre have tested positive for COVID-19 since Oct. 23, 2020. (Adult and Teen Challenge OMC photo)
Four positive COVID-19 cases at Okanagan Men’s Centre

Those affected are staff and have been in isolation since Oct. 23

Vince Schnabl looks at the view this October from the Gorge, west of Revelstoke. (Photo by Jon Wichett)
There’s 3 times more snow near Revelstoke than usual

According to 54 years of data from Parks Canada for Glacier National Park

Mail in ballot, provincial election 2020. (Liam Harrap/Revelstoke Review)
Mail-in-ballots coming in from Columbia River Revelstoke

In a progress report Elections BC said around 45 per cent of those issued have been returned

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

Several police vehicles were seen at the Sagmoen farm on Salmon River Road in Silver Creek on Thursday night, Oct. 29, 2020. (Martha Wickett-Salmon Arm Observer)
UPDATE: One person arrested, released following police presence at Sagmoen farm

RCMP were at Silver Creek property where remains of Vernon woman were found in 2017

Vernon Council voted in favour of implementing a 500-metre buffer between all new cannabis stores in the city at its meeting Monday, Oct. 26, 2020. (Black Press files)
New cannabis shops in Vernon will need to stay 500m apart

The distancing rule won’t apply to existing stores, including the six currently in downtown core

A case of COVID-19 has been confirmed at Little Seedlings Daycare in Armstrong, located beside Highland Park Elementary School (pictured above). Interior Health confirmed the positive case was present at the daycare on Oct. 22 and 23, 2020. (Google image)
COVID-19 case reported at Armstrong daycare

IH letter says positive case was present at Little Seedlings Daycare Oct. 22 and 23

A fundraising initiative has been set up to help Mirjana Komljenovic, who has been diagnosed with Hermansky Pudlak Syndome and requires $2,000 a month to cover the costs of her medication. (gofundme.com)
Fundraiser created to help Summerland woman with rare condition

Mirjana Komljenovic requires costly medication to treat Hermansky Pudlak Syndome

Heather Pescada is Ms. Halloween and when COVID threatened to ruin her haunted fun, she got creative, inventing a six foot candy chute at her Summerland, Trout Creek home.
(Peskelly Family Facebook page)
Okanagan Halloween house invents huge candy chute

The six foot chute looks like the snake from Nightmare Before Christmas

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

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

Most Read