DOMESTIC STRENGTH CONTINUES, EXTERNAL OUTLOOK WEAKENS
VICTORIA – British Columbia's finances and domestic economy remain strong, but exports and manufacturing shipments have declined in the face of weakening external conditions, Finance Minister Carole Taylor announced with the release of the second Quarterly Report for 2007/08. [Read more]
News
TRANSITIONAL RULES FOR HIGHER FILM TAX CREDIT CLARIFIED
VICTORIA – As announced on Jan. 25, 2008, the Province intends to increase the basic Film Incentive BC Tax Credit rate to 35 per cent from 30 per cent and the basic Production Services Tax Credit rate to 25 per cent from 18 per cent.
B.C. INTENDS TO INCREASE FILM TAX CREDITS
VICTORIA – The Province intends to increase B.C.’s film tax credit rates in light of recent changes in Ontario and Quebec, Finance Minister Carole Taylor announced.
PERSONAL REAL ESTATE CORPORATIONS INTRODUCED IN B.C.
VICTORIA – Regulatory amendments to the Real Estate Services Act that allow individual real estate licensees to form Personal Real Estate Corporations were approved and will go into effect on Jan. 1, 2009.
PROVINCE TO RAISE HOMEOWNER GRANT THRESHOLD
VICTORIA – For the fifth consecutive year, the Province will increase the homeowner grant threshold in response to rising property values across British Columbia, Finance Minister Carole Taylor announced.
ALBERTA-B.C. PENSION REVIEW PANEL ACCEPTING SUBMISSIONS
VICTORIA – The Alberta/British Columbia Joint Expert Panel on Pension Standards is inviting written submissions on how best to ensure pension plans continue to benefit workers, employers and investors in the two provinces.
The Ministry of Finance provides fiscal policies and regulatory frameworks to support a strong provincial economy and the sustainable delivery of services to British Columbians.
