Tax cuts, housing program dominate B.C. budget

From EndCanadianPoverty.ca

• Date: February 20th, 2007
• Source: CBC News
• Link to article: Tax cuts, housing program dominate B.C. budget

"British Columbia Finance Minister Carole Taylor tabled her budget Tuesday, providing most people with tax cuts, and at the same time announcing a plan for big spending on housing. Under the budget, anyone earning up to $108,000 a year will get a 10 per cent cut in income tax.

Taylor said the cut, coupled with the 25 per cent personal income tax cut introduced when the Liberals were first elected in 2001, means British Columbia has the lowest provincial income taxes in Canada.

As well, the province will spend $2 billion over the next four years on a housing strategy, with Taylor promising 900 new beds for homeless shelters and a $50 a month increase in housing allowances for people on income assistance."