Black Press photo

Green-NDP government in B.C. could mean $600 tax hike: report

The Fraser Institute attributes most of the potential increase to carbon taxes in a new study

A NDP and Green Party team leading B.C. will cost the average person $594 more in taxes each year, according to a new study released Wednesday.

The Fraser Institute, a right-leaning think tank, says most of that increase would come from fuel and carbon taxes.

“The NDP-Green agreement states that an NDP-Green government would implement an increase in the carbon tax by $5 per tonne per year,” the report reads. “There is no commitment to make the carbon tax increases revenue neutral.”

Families in the $20,000-$50,000 annual income bracket will likely be protected from that tax hike by the proposed climate action rebate, according to the study.

At the top end of the scale, it suggests families earning between $150,000 and $250,000 can expect to pay just over $1,000 more each year in taxes.

The analysis also says the two parties’ commitment to eliminate medical service premiums would only boost taxes in the categories.

The institute says it based its findings on the Greens’ pledge to “roll MSP payments into the payroll tax and personal income tax” and the NDP’s intent to “replace the lost revenue with increases in other taxes.”

Overall, the report found the average family earning $110,376 would see its tax rate go up by half a percentage point, from 42.1 per cent to 42.6 per cent.

Just Posted

Groups benefit from Vernon pee wee hockey tourney

Coca Cola Classic directors donate $1,000 each to Greater Vernon KidSport and Cops For Kids

Vernon Paralympian enshrined in Hall of Fame

Josh Dueck won three Paralympic medals in Para Alpine Skiing, including gold in 2014 in Russia

Vernon pair medal at national taekwon-do finals

Brianna Li and Jack Sharkey combine to win five medals, including three gold

Okanagan College Vernon hosting trades session

Information on the trades program at OC will be available Thursday, Nov. 21, at 5 p.m.

Vernon Winter Carnival tickets on sale Dec. 6

Carnival Remembers the 60s will feature events old and new in February 2020

Teen with cancer whose viral video urged Canadians to vote has died, uncle tweets

Maddison Yetman had been looking forward to voting in her first federal election since junior high school

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Cleanup in the works after tanker truck fire leads to oil spill in B.C.’s Peace region

The province said the majority of the spilled oil likely burned away in the fire.

BC VIEWS: Action needed on healthcare workplace violence

While we’ve been talking about it, the number of B.C. victims has only grown

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

MacKinnon powers Avs to 5-4 OT win over Canucks

Vancouver battled back late to pick up single point

Dallas Smith, Terri Clark to perform on CP Holiday Train’s B.C. stops

Annual festive food bank fundraiser rolling across province from Dec. 11 to 17

Poole’s Land finale: Tofino’s legendary ‘hippie commune’ being dismantled

Series of land-use fines inspire owner Michael Poole to sell the roughly 20-acre property.

Most Read