edison

The speculation and vacancy tax is designed to prevent housing speculation and help turn vacant and underutilized properties into homes for people who live and work in B.C. The tax is a part of the B.C. government’s 30-Point Plan to address the housing crisis and help make life more affordable for people.

The Liberal government’s third full budget was expected to be a relatively lean one with any big moves saved until next year when a federal election is on the line. When it comes to measures that directly impact Canadian pocketbooks, it was a light budget indeed.

The B.C. government delivered on a wide variety of promises from its election platform and throne speech in its first budget, forecasting a $219 million surplus for the upcoming fiscal year on the strength of a strong economy.

Jan. 2, 2018, Sunny Sun was invited to Y2018 first TV live talk on Fairchild TV program to talk about "RRSP/TFSA Investment" and "2017-2018 Tax update". Host is Mr. Fred Liu & another guest speaker is Mr. Nick Lai.

Canadian small businesses will see a drop in their tax rate to 10 per cent from 10.5 per cent on Jan. 1. Other New Year`s changes include the return of the immigration sponsorship program and a big minimum-wage increase in Ontario.

Property taxes, grocery going up; but MSP, natural gas going down. British Columbians can expect to spend more on car insurance and groceries this year, but MSP is dropping.

B.C.'s new. government will spend $51.9 billion for this fiscal year to support the NDP'S stated goal of making the province more affordable for residents. It's a balanced budget but nearly $2 billion more than the B.C. Liberals planned to spend in their February budget.