BIV: B.C Budget 2018: Business groups slam payroll tax

  • February 20, 2018

EXCERPT:

"Our initial assessment is that this new tax will increase overall payroll costs for our members by several hundred million dollars a year," added Greg D'Avignon, CEO of the Business Council of BC.

The BCBC also notes that the government expects a fairly drastic decline in new housing starts (27% this year), which underscores the need to encourage growth in export sectors – a theme largely missing in the budget.