Employer Health Tax to affect roughly 60,000 “mostly” small businesses in the province -- “They aren’t going to get any relief”, the response from BC Finance Minister Carole James
This past Tuesday (October 16 th ), the BC government stated it was moving forward with its plan to eliminate Medical Service Plan (MSP) premiums and introduce the employer health tax (EHT). Together, they claimed these two things would reduce taxes on people and businesses by approximately $800 million each year. Is that true? Well all I can say is that does NOT seem to be factual given what many have to say … many who should be in the know. Here’s just a sampling: ‘BC …less affordable for families and less attractive for business’ is not exactly a slogan for success. ~~ Fraser Institute … Select Committee on Finance told the tax would add $700,000 a year in expenses and the City simply cannot "absorb" those costs, as the Finance Minister suggested municipalities could do ~~ City of Prince George “Ultimately, it’s going to be passed on, I think, to their customers …” ~~ Dent Benefits Consulting “… this u...