Photo Courtesy: Province of British Columbia, Flickr

By Veronica Beltran

No more PST

BC Liberals commit to PST elimination

Sep 28, 2020 | 11:46 AM

VANCOUVER—The BC Liberals are committing to the elimination of the PST for one year.

The move would be followed by cutting down the PST to 3 per cent in year two, as the economy recovers from the pandemic.

“British Columbians have lost confidence in the direction of the province and the weak economic record of the NDP. B.C. families and small businesses need help now, which is why a BC Liberal government will immediately eliminate the PST for one year — saving you money right away, getting more people working, and bringing investment back to B.C.”—Andrew Wilkinson, Leader, B.C. Liberal Party

According to a release by the BC Liberals, under this proposal, a family of four earning $60,000 per parent will save $1,714 in the first year alone, with an additional $979 in the second year.

A snap election was called last week by Premier John Horgan in the midst of the COVID-19 pandemic. Horgan said the decision wasn’t an easy one however, felt that waiting another year for an election wouldn’t do anyone any good.

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“After 3.5 years in opposition, the best idea the B.C. Liberals can come up with is a sweeping, antiquated tax cut. This shows an astounding lack of imagination.”—Sonia Fursenau, Leader, BC Greens

“There are far more effective ways to spend $7 billion. This old school style of economics is not what B.C. needs to recover. We need to target our recovery efforts to the economic sectors that need it most. We need to get people back to work through high quality services like early childhood education,” added Fursenau in aa release by the BC Greens.