‘Big changes’ CTF New Years Tax Changes report

VANCOUVER–The Canadian Taxpayers Federation released its annual New Years Tax Changes report today with big changes for BC.

“While we finally get to drop the Medical Services Premium and fully switch over to the Employer Health Tax, taxpayers need to remember that we are all still paying the tax, just in a different form,” said Kris Sims, B.C. Director of the Canadian Taxpayers Federation, “Cities and municipalities such as Surrey must pay the new Employer Health Tax to the provincial government, and that means that property taxes are going up across B.C. to cover the new cost.”

According to a release from the Canadian Taxpayers Federation, 75,000 employers, including small and medium-sized businesses were already paying the EHT in 2019 with many of them also paying the MSP on top of it.

Job creators with a payroll of more than $500,000 per year must pay the EHT.