BCBC In The News
Global News BC: B.C. budget: 7 things that gave business advocates some pause
[Excerpt] Doing business in B.C. is not cheap, if you ask the B.C. Business Council.
In a news release, chief policy officer Jock Finlayson said that the cost of doing business in B.C. has grown by approximately $3 billion in the past three or four years, and the latest budget update doesn’t help with that.
The increased cost of doing business has come about due to a number of factors, including “higher electricity prices, the return of the PST, increased and more complex regulatory requirements and other trends.”
The budget update exacerbated that cost through higher corporate and income taxes, he said.