Vancouver Sun: B.C. Budget 2020: High-income earners, pop drinkers to pay more tax


“We’re disappointed in the budget,” said Business Council of B.C. president Greg D’Avignon. “We commend the government for balancing the budget, and addressing issues like child care, and particularly the cost for post-secondary education for those with low and middle incomes.

“But the budget is virtually silent on an agenda, let alone the implementation of a sustainable economic plan.”

The budget proposed a new tax bracket of 20.5 per cent for people with taxable income of more than $220,000 — a 4.3-per-cent increase. That will generate $216 million in new revenue next year, according to the budget. The change is retroactive to Jan. 1.

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