Tag: budget

Fiscal update shows B.C. deficit climbing to $13.8B, despite revenue boost

Budget 2026 projected a deficit of $13.3 billion in February, but the Ministry of Finance said Monday it now expects a deficit of nearly $13.8 billion.

Errors in B.C. budget leave $1.5B hole in B.C.’s natural gas revenue forecast

British Columbia overstated its projected natural gas royalty revenues by about $1.5 billion over five years because of calculation errors.

B.C. urged to drop PST expansion after multiparty committee calls for repeal

A B.C. legislature committee made up of government and opposition MLAs is calling on the province to scrap its planned expansion of the provincial sales tax to professional services.

VIU approves budget with $1 million surplus 

Vancouver Island University says it has approved its 2026-27 budget with a $1-million surplus after finishing the 2025-26 year with a $5.3-million surplus. 

Business groups urge B.C. to scrap planned PST expansion on professional services

Several business and industry groups came together Tuesday to call on the B.C. government to scrap plans to expand the provincial sales tax to certain professional services.

B.C. crafters in knots over addition of PST to yarn, fabric, other materials

British Columbia crafters and small businesses are expressing dismay that the provincial sales tax will be expanded to yarn, fabrics and other materials.

Eby defends B.C. budget after trade board gives 2026 plan a “D”

Premier David Eby defended his government’s latest budget Friday after the Greater Vancouver Board of Trade gave the fiscal plan a “D” grade, citing a rising deficit and billions more in projected debt.

Advocates hope for a program revamp as B.C. pauses $10-a-day child-care enrolment

Some child-care advocates say they are cautiously optimistic despite the British Columbia government’s decision to pause expansion of the $10-a-day child-care program.

B.C. government presents budget with higher taxes, $13.3B deficit

British Columbia’s government presented its budget Tuesday, featuring a record-high deficit, increased income taxes and a plan to rein in spending.

Nanaimo moves budget forward with 6.3 per cent tax increase for 2026 

Nanaimo city council is moving ahead with its 2026-30 financial plan, which includes a projected property tax increase of 6.3 per cent in 2026. 

Nanaimo will host town hall for draft financial plan 

Nanaimo residents will have a chance to weigh in on the city’s 2026 draft financial plan during an eTown Hall next week. 

Nanaimo will host town hall for city budget 

Nanaimo city council will work on the 2026-2030 financial plan this month.

B.C. forecast to reach record high $11.6B deficit this year

British Columbia’s deficit is only going up, according to the latest budget update.

Sechelt looks to residents to help inform budget 

The District of Sechelt is looking to residents for suggestions on how it should spend tax dollars. 
- Advertisement -

Latest News

Advocates urge next B.C. government to address water scarcity as El Niño forecast adds to drought concerns

A potentially powerful El Niño could worsen drought conditions across B.C., prompting calls for stronger water protection measures from the next provincial government.

Advocates urge next B.C. government to address water scarcity as El Niño forecast adds to drought concerns

A potentially powerful El Niño could worsen drought conditions across B.C., prompting calls for stronger water protection measures from the next provincial government.

B.C. loses more than 20,000 jobs in September as unemployment rate stays steady

British Columbia lost more than 20,000 jobs in September, sparking a political clash over the province’s economic direction.

Boil water advisory issued on Keats Island 

Vancouver Coastal Health has issued a boil water advisory on Keats Island in the Sunshine Coast Regional District’s Eastbourne water service area. 

B.C. Conservatives propose income tax cuts as NDP, Greens unveil election promises

B.C.'s major political parties are pitching tax cuts, frozen auto insurance rates and education improvements as the provincial election campaign continues.
- Advertisement -