Most BC taxpayers will have an extra 70 dollars in their wallets thanks to an economic relief package introduced in the legislature today. Finance Minister Colin Hansen says the government hopes a 485 million-dollar plan will help BC families fend off the world economic crisis. The bill will accelerate an income tax cut that’s coming from revenues raised by the carbon tax. It will also allow homeowners facing financial hardship to defer their 2009 and 2010 property taxes, and protect RRSP’s from seizure from creditors. Hansen also says despite the global economic turmoil, BC will likely duck a recession. He says none of the leading economists he’s heard from have indicated BC will fall into recession, adding that compared to other places, BC is doing remarkably well. [asset|aid=653|format=mp3player|formatter=asset_bonus|title=4a0f9c72d1709f43ad79e348f99b8b01- ] The fall session of the legislature began today, and will last for 5 days.
Have something you'd like to add? Read our comment policy by clicking here.