This article was last updated on April 16, 2022
The New Democrats of B.C. have exposed the cost of their election platform this morning, highlighting that they will be maintaining the same deficits that they already claim to have existed under the Liberal government. NDP finance critic, Bruce Ralston, and former leader, Carole James, explained the details of the party’s bottom line in an announcement in Vancouver. Both stressed and reiterated a promise by Leader Adrian Dix that, if elected, the NDP will raise the corporate income tax from 11 per cent to 12 per cent, stating that it will produce an extra $200 million in revenue for the province.
The details enclosed asserted that the personal income tax rate, on net taxable income earned above $150,000 per year, will also be increased from 16.8 per cent to 19 per cent, however, this increment will only effect the earnings above that threshold. Ralston presented an example, stating that for someone earning around $200,000, the personal income tax will be raised by an extra $1,100 a year. Moreover, they added that the carbon tax will be kept stagnant, however, they intend to enlarge its inclusion to venting emissions from the oil and gas sector.
Voters will be able to get a chance of comparing the policies of all four parties when the leaders of the New Democrat, B.C. Liberals, B.C. Conservatives and Green parties convene together on April 29 at 6:30 p.m. PT for an all candidates’ debate. The B.C. election takes place on May 14.