The BC government has announced a balanced budget for the third consecutive year. They released a document and below are some key points from the BC budget:
- The government forecasts the B.C. economy to grow by 2.3% in 2015, 2.4% in 2016 and 2.3% in 2017.
- The government is committing a further $2 million to the Buy Local program to help farmers and food processors promote their B.C. products.
- Up to $3 million will be allocated over three years to draw more shipping companies, and their head offices, to Vancouver
- There will be more help for employers and apprentices with an extension to the training tax credits. This will now run to the end of 2017
- There will be a one-year increase of $3 million to the Small Business Venture Capital tax credit program.
- The government have reduced the rate of health funding increases to an annual average of under 3%.
- There will be additional dollars to support those individuals and families who are most in need. With $106 million for Community Living BC to support people with developmental disabilities.
Read the full BC Budget