B.C. Finance Minister Mike de Jong announced the 2017 provincial budget Tuesday in Victoria.

B.C. Finance Minister Mike de Jong announced the 2017 provincial budget Tuesday in Victoria.

B.C. BUDGET: Top 10 things to know

The 2017/18 B.C. budget bring cuts to MSP premiums, a proposed PST break for business, and increases in public education funding.

Here’s a look at the highlights from the B.C. budget announced Tuesday by Finance Minister Mike de Jong:

1. MSP premium cut: Savings of up to $900 a year for families paying the maximum premium. See more >

2. Education: $740 million over three years for K-12 schools. See more >

3. PST proposed to be taken off business electricity bills. See more >

4. Housing: First-time buyers exemption from transfer tax rises to $500,000. See more >

5. Growth: A forecast of 2.1 per cent economic growth, slightly less than average of advisors.

6. Business tax cut: Small business corporate income tax drops from 2.5 to 2.0 per cent, becoming the second lowest in the country.

7. Disability assistance rate increase, of $50 a month for more than 100,000 people, worth $199 million.

8. B.C. student loan interest cut down to prime rate.

9. Ministry of children and families receives $287 million — nearly half of which will help aboriginal children.

10. Dark clouds: Finance minister warns strong B.C. exports right now could be “a blip” depending on protectionism of U.S. President Donald Trump.

Be Among The First To Know

Sign up for a free account today, and receive top headlines in your inbox Monday to Saturday.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up