BC Chamber calls for balanced B.C. budget, PST reform, affordable housing measures

News Releases

Vancouver, Feb. 15, 2015 – The BC Chamber of Commerce is calling for a balanced budget, PST reform, and measures to support affordable housing in tomorrow’s budget reveal.

“B.C. deserves better than our miserable, messy PST, which drowns business owners in red tape and confuses even tax professionals,” said Jon Garson, BC Chamber president and CEO. “As a province, we need to take our tax problem in house and build a made-in-B.C. value added tax that supports businesses and meets British Columbians’ needs.”

The BC Chamber’s policy on PST calls for short-term measures to reduce the harm caused by the PST, plus the launch of a dialogue with British Columbians on developing a made-in-B.C. value-added sales tax; the policy is available here.

Housing affordability is also top of mind to British Columbians, particularly in the Lower Mainland area.

“The Chamber has been calling for some relief from property transfer tax as one means to offset the housing affordability crisis that many British Columbians face,” Garson said.

The Chamber’s policy on the property transfer tax increases PTT thresholds so as to lower the tax for B.C. residents buying property, while raising it for non-residents of Canada and corporations controlled by non-residents of Canada; the policy is available here.

Finally, Garson called for fiscal prudence and a balanced budget.

“Balanced budgets may not sound sexy, but they are a key factor in B.C.’s economic well-being and they are our insurance against hard times,” Garson said. “We are all too aware of the struggles our Albertan neighbours now face with rock-bottom oil prices. Balanced budgets are a critical defense against unexpected tough times.”

The BC Chamber will be at the B.C. budget lockup in Victoria on Tuesday, February 16, and available for post-budget comment.

The BC Chamber is the largest and most broadly-based business organization in the province.  Representing more than 125 Chambers of Commerce and 36,000 businesses of every size, sector and region of the province, the BC Chamber of Commerce is “The Voice of Business in BC.”

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For further details, please contact:

Jon Garson
President & CEO
BC Chamber of Commerce
T 604.638.8110
C 778.960.3712
E jgarson@bcchamber.org

Dan Baxter
Director, Policy Development, Government & Stakeholder Relations
BC Chamber of Commerce
T 604.638.8116
C 778.986.5001
E dbaxter@bcchamber.org

Jenny MacPhee
Manager, Communications
BC Chamber of Commerce
T 604.638.8114
C 604.366.4990
E jmacphee@bcchamber.org