Finance

Deputy Prime Minister Outlines Government’s Affordability Plan for Canadians 

Inflation is a global phenomenon driven in large part by the lasting impacts of a once-in-a-generation pandemic, and amplified by China’s ongoing COVID-zero policies and Russia’s illegal invasion of Ukraine. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted the government’s Affordability Plan⁠—a suite of measures totaling $8.9 billion in new […]

Read More

Rating Agencies Validate B.C.’s Financial Plan to Support People, Businesses

British Columbia’s continued stable credit ratings show that key stakeholders in the financial community validate the Province’s financial plan for investing in the services people need and building a strong, sustainable future for B.C. Despite major global events that have increased inflationary pressures and left no province or country unaffected, all four of the main […]

Read More

More Homes for British Columbians Through Speculation and Vacancy Tax

B.C.’s speculation and vacancy tax (SVT) helped make homes more affordable in the SVT areas of the province, based on independent analysis by Tsur Somerville and Jake Wetzel. “Homes should be homes, not safety deposit boxes,” said Selina Robinson, Minister of Finance. “Two leading researchers in housing affordability have highlighted how the SVT turned thousands […]

Read More

British Columbians Invited to Share 2023 Budget Priorities

People in British Columbia are asked to share their ideas and priorities to help make life better for people, businesses and communities as government plans Budget 2023. “British Columbians have faced extraordinary challenges in the past two years and, while we’re not through it yet, we’re making progress together,” said Selina Robinson, Minister of Finance. […]

Read More

Government of Canada Releases Budget 2022

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable. Since the depths of the pandemic recession, the government’s focus on jobs—on keeping Canadians employed and on keeping their employers afloat—has ensured Canada’s economy has made a rapid and […]

Read More

B.C. Moves Toward Pay Transparency Measures

As people across the globe join together to honour and celebrate International Women’s Day, B.C. is set to begin consultations on new pay transparency legislation. The parliamentary secretary for gender equity, with support from the minister of labour, is leading work to close the gender pay gap by continuing to address systemic discrimination in the […]

Read More

New Act Reforms B.C. Law for Commercial Liens

New legislation will modernize B.C. law for liens so that service providers can more easily understand and use liens and their customers can protect their rights to their own property. Liens commonly give people the right to keep another person’s property to secure payment for services that improve the property’s value. New Act Reforms B.C. […]

Read More

Budget 2022 Moves Us Forward Together to Build a StrongerBC

Budget 2022 reflects the choices government is making that are needed to build a stronger B.C. and make life better for people, by investing in B.C.’s economic, environmental and social strengths. Budget 2022 supports bold actions to fight climate change and to protect people and communities from climate-related disasters. In addition, the budget helps with […]

Read More

Government Extends Expanded Access to Local Lockdown Program and Worker Lockdown Benefit

The federal government will continue to support Canadian workers and businesses where provincial and territorial public health restrictions, including capacity restrictions, remain in place. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, announced the federal government’s intention to […]

Read More

SVT Declaration Packages in the Mail

Residential property owners in designated taxable regions must complete an annual declaration for the speculation and vacancy tax (SVT). Out-of-province owners and those who own multiple vacant properties in B.C. will pay the tax. All revenue helps fund affordable housing developments in the five regions where the tax applies. SVT Declaration Packages in the Mail […]

Read More