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British Columbia government debt is composed of the financial liabilities of the Canadian provincial government of British Columbia. [ 1 ] : 81 As of 2023 [update] , the British Columbia (BC) total government debt (total liabilities) was $129.3 billion for the 2022-23 fiscal year (ending 31 March 2023). [ 2 ]
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
pre-budget consultations; briefing sessions by departmental officials on federal government programs; examination of planned expenditures of the Department of Finance and the Canada Revenue Agency
Canada's fiscal deficit for the year ended March came in at C$61.9 billion ($43.45 billion) - about 50% more than what was projected and missing one of the three key fiscal objectives Finance ...
British Columbia is a secondary jurisdiction of Canada, a constitutional monarchy with a parliamentary democracy in the Westminster tradition; a premier—David Eby of the New Democratic Party since 2022—is the head of government and is invited by the Crown to form a government after securing the confidence of the Legislative Assembly ...
The mid-year fiscal update presen. Canada plans to impose tariffs on a slew of Chinese products from as early as next year, the government's fiscal update showed, as part of its wider ...
On 26 August 2011 Elections BC, the independent electoral overseer, announced that British Columbia voters defeated the new tax in the binding referendum conducted in June and July 2011 via a mail-in ballot. It was the first binding referendum on taxation in any state/provincial or national jurisdiction in the Commonwealth of Nations. The ...
In a fiscal update tabled on July 8, Minister of Finance Bill Morneau projected that the deficit for the 2020 fiscal year will reach $343.2 billion. [81] Most federal aid during the COVID-19 pandemic came in the form of taxable benefits.