Finance

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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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Government Extends Loan Forgiveness Repayment Deadline for the Canada Emergency Business Account

The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the pandemic and remain resilient. However, the Omicron variant has delayed the recovery for businesses in many parts of the country. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and […]

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Home Owner Grant Helps People with Property Taxes

B.C.’s Home Owner Grant threshold is set at $1.975 million for 2022, ensuring 92% of residential properties are covered by the grant that lowers the amount of property taxes people pay on their principal residence. Homeowners in Metro Vancouver and the Fraser Valley and Capital Regional districts may be eligible for as much as $570 […]

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Government Temporarily Expands Access to Lockdown Program and Worker Lockdown Benefit

The Government of Canada is committed to supporting Canadian workers and businesses through the COVID-19 pandemic. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the federal government’s intention to temporarily expand eligibility for key support programs to ensure Canadians are protected and workers and businesses get the help they need […]

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Economy Expected to Show Continued Strength, Flood Recovery Poses Challenges

British Columbia’s economic growth is expected to outpace Canada’s in 2021 and 2022, according to projections from the Economic Forecast Council (EFC). However, yet-to-be-determined economic impacts from recent flooding and extreme weather may affect future forecasts. Economy Expected to Show Continued Strength, Flood Recovery Poses Challenges Government of BC | Ministry of Finance | Friday, […]

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