B.C. Finance Minister Carole James. (Tom Fletcher/Black Press)

Bills to grow bigger in 2019 for B.C. residents

Employer health tax, ICBC, fuel taxes top list of new costs

Household budgets don’t balance themselves, and B.C. residents are looking ahead to tax and fee increases that will have to be accommodated in 2019.

First up for many will be property assessments, as municipalities calculate their property taxes for the year. With a new employer health tax on business and municipal payrolls above $500,000, plus the remaining year of Medical Services Plan premiums for employers who cover their employers, city councils are looking at property tax hikes of up to five per cent for 2019.

For Surrey, the double cost for 2019 is estimated to be $4.7 million, then $3.35 million the year after when MSP is eliminated. Businesses have also noted that the burden of employee MSP premiums is less than the payroll tax the NDP government has imposed to recover the revenue.

Asked about that burden in a year-end interview with Black Press, Premier John Horgan emphasized that self-employed and small business people have been paying their own MSP, and large businesses are getting other benefits from his government’s policies.

“In the interim, those very businesses that are asking for more child care, asking for housing affordability so they can retain employees, are getting those services they need,” Horgan said.

WATCH: Premier Horgan talks taxes in year-end interview

For renters, the province has capped the maximum rent increase for 2019 at 2.5 per cent, the federal estimate of inflation for the year.

The Insurance Corp. of B.C. has applied for a 6.5 per cent increase to basic vehicle insurance for 2019, as it struggles with rising accident rates and injury claims. By the fall of 2019, the province is imposing a cap on pain and suffering claims against ICBC and adjusting rates to reflect the higher accident risk of new drivers and urban areas.

While other Canadian provinces see the imposition of a carbon tax on fuels for the first time, B.C.’s decade-old carbon tax goes up from $35 to $40 per tonne of carbon dioxide emissions on April 1. That translates to nearly nine cents per litre on gasoline, on top of the existing regional, provincial and federal fuel and sales taxes.

RELATED: Metro Vancouver gasoline tax rises to fund transit

For home natural gas users, FortisBC has increased its rates nine per cent for 2019, after gas fell to record lows and the utility was charging more for carbon tax than it was for gas.

Another bite to the paycheque is an increase in Canada Pension Plan, which the Canadian Taxpayers’ Federation estimates will cost the average worker an extra $98 in 2019. It’s the first of five annual increases to CPP premiums designed to shore up the plan as baby boomers retire in large numbers.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislaturecarbon tax

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

More and more electric cars are on the road, but one Chevy Bolt owner was shocked to see how much his BC Hydro bill skyrocketed once he started charging the vehicle. (Black Press file photo)
Rosedale man sees significant spike in BC Hydro bill after purchasing electrical vehicle

An increase should be expected, but Brian Chwiendacz experienced a 200-plus per cent hike

File Photo
Halloween and history collide in Agassiz this month

The spooky displays at the museum are on now until Halloween

Chilliwack-Kent 2020 provincial election candidates, clockwise from bottom left, Kelli Paddon (NDP), Eli Gagne (Libertarian), Jeff Hammersmark (Green), Jason Lum (Independent), and Laurie Throness, who began the campaign as a BC Liberal but left the party on Oct. 15.
Advance voting nears 5,000 in Chilliwack-Kent

More than 380,000 voters have voted in advance across B.C.

Owen Charpentier, 21, is charged with the Oct. 22, 2019 second-degree murder of Keith Baldwin in Chilliwack. (File)
Pre-trial dates set for Chilliwack man charged with Keith Baldwin’s murder

Owen Dale Charpentier accused in the fourth homicide of 2019 next in court June 2021

Working smoothly together on May 11, 2020, health minister Adrian Dix, B.C. Liberal health critic Norm Letnick, provincial health officer Dr. Bonnie Henry and sign language interpreter Nigel Howard. (B.C. government video)
COVID-19 co-operation a casualty of B.C.’s pandemic election

NDP’s Horgan weaponizes senior care, B.C. Liberal Wilkinson calls for ‘wartime economy’

Bernard Trest and his son Max, 10, are concerned about B.C.’s plan for students in the classroom. He was one of two fathers who filed a court application in August to prevent schools from reopening if stricter COVID-19 protections weren’t in place. That application was dismissed last week. (Contributed photo)
B.C. dad pledges to appeal quashed call for mandatory masks, distancing in schools

Bernard Trest and Gary Shuster challenged health, education ministries’ return-to-school plan

RCMP crest. (Black Press Media files)
RCMP cleared in fatal shooting of armed Lytton man in distress, police watchdog finds

IIO spoke to seven civillian witnesses and 11 police officers in coming to its decision

A 34-year-old man was treated for a gunshot wound in Williams Lake Monday, Oct 19, 2020. (Angie Mindus photo - Williams Lake Tribune)
Williams Lake man treated for gunshot wound after accidental shooting: RCMP

Police are reminding residents to ensure firearms are not loaded when handling them

A past extreme weather response shelter set up for women inside Surrey’s Nightshift Street Ministries. (Photo: Chris Paul/nightshiftministries.org)
Homeless people in Surrey face ‘shocking and scary’ scenario this winter

Last winter there were nine Extreme Weather Response shelters in all of Surrey and White Rock. So far, during this pandemic, there are only five lined up for the coming winter

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A injection kit is seen inside the newly opened Fraser Health supervised consumption site is pictured in Surrey, B.C., Tuesday, June 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
B.C. records 127 fatal overdoses in September, roughly 4 each day

Vancouver, Surrey and Victoria continued to see the highest numbers of overdoses

A Rick Hansen Secondary School student died in hospital after suffering a medical incident in class on Monday. (File photo)
Abbotsford student dies after medical incident in class

Rick Hansen Secondary School offering additional counselling for students who require it

Most Read