B.C. economy springs back from recession
Filed Under Main Content · Tagged: British Columbia, British Economy, Economic Performance, Economic Recovery, Finance Minister, Financial Losses, Globe And Mail, Government Revenues, Hansen, Provincial Government, Recession, Red Ink, Shoppers, Steam, Tax Bills, Taxes
The Globe and Mail- British Columbia’s economy is picking up steam, with housing prices rebounding faster and higher than expecting, more people finding work and shoppers spending as if the recession never happened.
But the province’s better-than-expected economic performance will likely not mean much this year for the fiscally strapped provincial government, which is spending $1.7-billion more than it is taking in.
Government revenues usually lag behind an economic recovery, B.C. Finance Minister Colin Hansen said Thursday in a brief interview.
Financial losses over the past two years will reduce corporate and personal tax bills for awhile yet. The government will not start to see increased revenue from taxes “until the red ink has worked its way through,” Mr. Hansen said…
B.C. economy springs back from recession – The Globe and Mail
Nobody misled on harmonized sales tax during B.C. election says finance minister
Filed Under Main Content · Tagged: Finance Minister, Hansen, Harmonized Sales, Home Purchasers, Nbsp, Ndp, Sales Tax, Times Colonist Victoria, Tough Times
Times Colonist, Victoria, BC – He admitted new home purchasers face tough times. The NDP says the tax will be $36,000 on an $800,000 home; Hansen put the amount at $20,200…
Nobody misled on harmonized sales tax during B.C. election says finance minister
British Columbia will run two-year deficit: premier
Filed Under Main Content · Tagged: British Columbia Canada, Finance Minister, Fowlie, Hansen, Jonathan, Nbsp, Sun Run, Vancouver Canada, Vancouver Sun
Vancouver Sun – British Columbia, Canada – By Jonathan Fowlie, Vancouver Sun – British Columbia will run a deficit for the next two years, Finance Minister Colin Hansen …
