British Columbia Budget Report: September 2017 Update

On September 11, 2017, Finance Minister Carole James presented a budget update. In this budget, the government moved forward with a plan designed to make B.C. more affordable, enhance critical services, and build a strong, sustainable and innovative economy.

HIGHLIGHTS

• Surplus of $2.74 billion for 2016-17
• Surplus of $246 million forecast for 2017-18
• New individual top rate tax bracket in 2018
• General corporate tax rate increase to 12% in 2018