British Columbia
A game plan for a stronger B.C.
Policy
Playbook.
For Economic Prosperity
in British Columbia
Stronger investment. Higher incomes. Sustainable public services. Three goals and 25 practical recommendations for the province. The next move is ours.
We can’t control every challenge. We can choose our next play.
3 goals / 25 recommendationsThe challenge
Why B.C. needs a new game plan.
Slow growth. Fewer opportunities. Rising costs. B.C.’s economic challenges are putting pressure on households, businesses and the services we all rely on. New U.S. tariffs add to the urgency of fixing the barriers to growth that are within our control.
Growth is falling short.
Projected economic growth in 2026
Growth is forecast to recover only to about 2% a year through 2030. Adjusted for population, B.C.’s economy was no bigger in 2025 than in 2022.
Private hiring has lost momentum.
Private sector job growth, Jan. 2019–Aug. 2026
Public sector jobs grew fastest in Canada; private sector growth was third-weakest among provinces. Fewer private jobs mean fewer career opportunities and a smaller tax base for public services.
Affordability is under strain.
Increase in monthly food bank visits, 2019–2025
For every 100 visits a month in 2019, there were 179 in 2025. A stronger economy is needed to support higher incomes and ease pressure on household budgets.
Debt is crowding out services.
Projected annual interest on provincial debt by 2028/29
Interest costs per British Columbian are on track to nearly triple. Every dollar spent on interest leaves less for health care, education and other services.
Sources: B.C. Ministry of Finance; Statistics Canada; Food Banks BC; BCBC calculations, as cited in the 2026–27 Policy Playbook. See “Why action is needed” in the report ↗
The way forward
Turn investment into
greater prosperity.
Stronger business investment connects these challenges to the solutions. Better equipment, technology and skills raise productivity, giving businesses room to pay higher wages and expanding the tax base for public services. The Playbook’s three goals set out practical changes to help that investment happen.
Explore the game planThe game plan
Three goals. 25 practical plays.
B.C. has the resources, talent and access to markets to succeed. Select a goal to see its recommendations, each with a plain-language summary and a link to the full analysis in the Playbook.
Avoid tax hikes. Protect core services.
Stronger economic growth and greater discipline in how public money is spent can rebuild confidence and protect the services British Columbians rely on.
- 1.1Details, p. 7 ↗
Set a fiscal anchor with a timetable to return to balance (e.g. cut the deficit in half in four years)
Commit to a clear path back to a balanced budget — for example, halving the operating deficit within four years and eliminating it within eight — with progress reported publicly each year.
- 1.2Details, p. 7 ↗
Review every provincial program for value
Put every program through a six-question value test, modelled on the 1994–96 federal Program Review that helped balance Ottawa’s budget within three years. B.C.’s current review targets savings of less than 1%.
- 1.3Details, p. 8 ↗
Direct unspent contingencies to reduce deficits and borrowing
B.C. has set aside $5 billion a year for unexpected costs — more than ten times the 2010–2019 average. Whatever goes unused should cut the deficit and borrowing.
- 1.4Details, p. 8 ↗
Get better care from every health dollar through a patient-centred vision and more efficient delivery
Health care is about 41% of provincial spending. Cut clinicians’ paperwork, let pharmacists and other professionals do more, and shorten waits by sending patients to the next available specialist.
Make B.C. a place to invest, work and grow.
Competitive taxes, access to industrial sites, reliable energy and more affordable housing can help keep talent and investment in B.C.
- 2.1Details, p. 13 ↗
Exempt productive capital from PST and cancel the professional services expansion
Unlike the GST, businesses generally can’t recover the provincial sales tax (PST) they pay on equipment and software, which makes investing in B.C. more expensive. Remove it on productive capital, and permanently cancel the paused plan to apply PST to accounting, engineering and architecture.
- 2.2Details, p. 15 ↗
Restore income tax indexation and lower the top rate so workers keep at least half of each extra dollar earned
Budget 2026 stops adjusting tax brackets for inflation from 2027 to 2030, so people pay more tax even when their buying power doesn’t grow. Restore those adjustments and bring the combined top rate (now 53.5%) to 50% or less.
- 2.3Details, p. 16 ↗
Recalibrate industrial carbon pricing to improve export competitiveness
B.C.’s industrial carbon-pricing system sets emissions benchmarks for large facilities. Adjust them so exporters can compete with producers elsewhere that face no comparable cost — otherwise jobs and emissions simply move away.
- 2.4Details, p. 16 ↗
Take action to unlock fibre access to the 45-million-cubic-metre harvest target (from 29 million)
More than 15,000 forestry jobs have been lost since 2022, with fibre shortages a key factor. Raise the annual harvest toward the province’s own accepted target, starting with wildfire salvage and cut blocks already awaiting approval.
- 2.5Details, p. 18 ↗
Identify priority industrial sites and their zoning and infrastructure requirements with municipalities and industry
Industrial land is 4% of Metro Vancouver’s land base but supports more than a quarter of its jobs. Agree on priority sites with local governments, industry and First Nations, and plan the roads, water and power they need.
- 2.6Details, p. 19 ↗
Remove the 50/50 processing rule on eligible Agricultural Land Reserve (ALR) sites and expand land available for food processing
Food processors on protected farmland generally must source at least half their product from the farm itself, which keeps many from operating at a viable scale. Remove that rule on eligible sites and open more land to processing.
- 2.7Details, p. 19 ↗
Cut the time needed to start industry-sponsored clinical trials in B.C. to under eight weeks by 2029
Clinical trials bring research jobs and give patients access to new treatments. Approvals here can take three to four times longer than in Ontario and Quebec; one application point, a shared ethics review and standard contracts would close the gap.
- 2.8Details, p. 20 ↗
Allow industrial gas-fired generation where electricity constraints block projects
Some projects can’t proceed because grid power isn’t available when they need it. Create a clear approval path for gas-fired generation in those cases, with companies paying their own costs and meeting safety and emissions rules.
- 2.9Details, p. 21 ↗
Work with municipalities to reduce housing fees, taxes and levies
Municipal charges can exceed $100,000 per new home in Vancouver and Burnaby. Work with local governments to publish and lower these costs so more housing projects can get built.
Give good ideas room to move forward.
Clearer rules, simpler permitting and fewer barriers to trade can give businesses and workers the confidence to invest, grow and adapt.
- 3.1Details, p. 22 ↗
Establish a vision and guiding principles to advance prosperity-aligned reconciliation
Five proposed principles — opportunity for everyone, incentives that serve the public interest, secure land title, transparent decision-making and durable agreements — so reconciliation with Indigenous peoples builds shared prosperity and certainty.
- 3.2Details, p. 24 ↗
Create an Office of Regulatory Excellence reporting to the Premier’s Office
A small team, using existing staff, to keep health, safety and environmental standards high while removing unnecessary red tape — including published timelines for permit decisions.
- 3.3Details, p. 26 ↗
Seek withdrawal of WorkSafeBC’s proposed psychological health and safety regulation
The proposal would require employers to reduce psychological risks from workload and supervision without a clear standard for compliance. Practical guidance and the voluntary national standard would work better.
- 3.4Details, p. 27 ↗
Expand interprovincial trade through mutual recognition, a narrow negative list and freer labour mobility
B.C.’s new Trade Recognition Act lets goods and services approved elsewhere in Canada be sold here. Keep exceptions few and public, fix barriers that remain in practice, and work toward automatic recognition of credentials from other provinces.
- 3.5Details, p. 27 ↗
Increase practical financial and economic education in schools, including through an expanded Financial Literacy Day
Help students understand money, investment and how the economy works, building on Financial Literacy Day and partners such as JA British Columbia, with non-partisan classroom materials.
- 3.6Details, p. 28 ↗
Restore secret-ballot certification and the pre-2024 definition of “strike”
Let workers decide on unionizing through a private secret-ballot vote rather than signed cards, and limit work stoppages at B.C. employers caused only by picketing in federal disputes they play no part in.
- 3.7Details, p. 28 ↗
Pause low-carbon fuel increases pending a cost and supply review and make alternative jet-fuel participation voluntary within the program
B.C. is set to be the first in North America to require renewable content in jet fuel from 2028, yet no Canadian sustainable aviation fuel project has reached a final investment decision. Freeze requirements at 2026 levels while costs and supply are reviewed.
- 3.8Details, p. 29 ↗
Repeal the EV sales mandate
Repeal the rule requiring a growing share of new vehicles sold in B.C. to be zero-emission, and leave vehicle choice to households and businesses.
- 3.9Details, p. 29 ↗
Let evidence and land-use planning determine the pace of new land protection
B.C. has committed to protect 30% of its lands and fresh water by 2030; about 20% is counted today. Weigh conservation benefits and economic effects together, and let evidence and planning set the pace.
- 3.10Details, p. 29 ↗
Simplify Heritage Conservation Act permitting
Make heritage permits simpler, faster and more predictable — one permit per project, approvals in parallel and requirements matched to risk — while still protecting heritage and meeting consultation duties.
- 3.11Details, p. 29 ↗
Keep natural gas available as a primary home-heating option
Building rules and a proposed equipment standard would phase out gas as a main heat source in new homes and end sales of gas-only furnaces from 2030. Keep the choice with households; heat pumps remain an option.
- 3.12Details, p. 30 ↗
Review Metro Vancouver’s governance and service delivery model
Commission an independent review of Metro Vancouver’s mandate, board structure and services to tackle rising costs and improve accountability and value for money.
A stronger economy starts
with the right plays.
Practical policies to give businesses and workers the confidence to invest, grow and build a better British Columbia.