Economy

BC Budget 2017: $600 million in tax breaks for business

Mar 17, 2017
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Does the BC business sector need a tax cut? Not so much. But Budget 2017 promises to give business over $600 million in additional annual tax breaks nonetheless. That’s more than half a billion dollars annually that won’t be invested in creating affordable high-quality child care spaces, building affordable housing (as opposed to a one-off… View Article

Precarious work a reality across employment sectors in BC

Mar 5, 2017
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Across the world, one of the features of contemporary labour markets is the rising level of precarious employment. We know that labour markets look quite different from place to place for a variety of reasons – institutional, legal, technological, sectoral mix, education, immigration, and other factors that all contribute to geographic differences in precarity. Many… View Article

The Great Log Export Drain: BC government pursues elusive LNG dreams as more than 3,600 forest industry jobs lost to raw log exports

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First of Two Parts Its members include the most powerful players in the province’s forest industry, companies that do the vast majority of all logging on British Columbia’s coast. Its website boasts of “innovative, high-tech” companies whose workers turn out “a growing array of forest and wood products.” But in truth, members of the Coast Forest… View Article

What you need to know about the provincial debt

Feb 21, 2017
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One of the more memorable promises Premier Clark made in the last election was the one of a debt-free BC (in 20 years or so). So it’s understandable that people are interested in what has happened to BC’s debt since then. Provincial debt has increased from $60.7 billion in 2013/2014 to an estimated $69.8 billion… View Article

Tax fairness in BC? Hardly

Feb 16, 2017
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Tax cuts disproportionately benefitted the richest 1% of British Columbians, write @IglikaIvanova & @1alexhemingway: https://t.co/iZbcztdPem pic.twitter.com/BavNnT2WWp — The CCPA–BC (@CCPA_BC) February 16, 2017 As we wait to hear more about the tax cuts coming in BC Budget 2017, it is important to remember what has happened to our provincial tax system over the past 16… View Article

The problem with tax cuts: The promise doesn’t match the reality

Feb 15, 2017
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The big news item in yesterday’s BC throne speech was that the Premier’s plan to relieve affordability pressures for families will include tax cuts of some sort. The problem with this plan: the inevitable flip side of tax cuts is lost public revenues. And while most governments—including Clark’s—promise that tax cuts won’t affect public services, the reality… View Article

The rise and fall of climate action in BC

Feb 13, 2017
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It was a decade ago, in the February 13, 2007 Speech from the Throne, when the BC government launched into a frenzy of climate action never before seen in the province. Almost all of the BC government’s current “climate leadership” claims – so heavily promoted in a pre-election advertising spree – came out of a… View Article

BC’s natural gas giveaway: Production soars, revenues plummet

Feb 9, 2017
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Not long ago, BC received huge annual royalty revenues from its growing natural gas sector. The revenues were often billed as paying for essential public services like health care and education, and were appealing politically as they meant governments did not have to raise taxes to do so. The provincial government claimed that new production… View Article