The B.C. government is looking to ensure it spends the largesse, rather than allow the fiscal year to pass with a surplus
raises a full-time physician’s pay to at least $385,000 from $250,000 – as well as increases for other doctors, will cost $708-million by the end of the third year, the province confirmed in an e-mail to Justine.
With economists predicting a looming recession, Finance Minister Selina Robinson was asked whether such increases will end up getting the province into fiscal trouble later when times may not be so good.She said more people in British Columbia are in higher income-tax brackets and “that too gives us a sense that we are in a strong fiscal position.
“With increasing development cost charges, property taxes, municipal charges, utility costs and GST on new rental buildings, developers typically spend at least 15 per cent to 20 per cent of our total project budget on these government-level taxes. And with all the red tape, we face a four- to six-year pathway to deliver much-needed rental housing,” he wrote.
“The government of Canada needs to eliminate the GST on new rental buildings and provide forms of tax credits to help support us. The government can also provide low-interest loans. The province can freeze property taxes until our projects are completed and are occupied. And the cities we build in can stop charging [development cost charges] on new 100-per-cent rental buildings. In no jurisdiction in the world has affordable housing been solved without these types of incentives.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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