BC United Pledges $5.6B Income Tax Cut If Elected

The BC United Party has promised to eliminate $5.6 billion in provincial income taxes if elected into government this year.  It’s a plan that would see provincial income taxes eliminated for about 60 percent of residents, according to an Aug. 13 news release.  The party says it will increase the basic personal exemption from its current $11,980 to $50,000, resulting in an estimated 2.4 million residents not having to pay any provincial income tax.  “BC United will implement the largest tax cut in B.C.’s history by eliminating the provincial income tax for 60 percent of British Columbians,” party leader Kevin Falcon said in the release. “This historic tax cut will put an average of $2,050 back into your wallet, helping you afford essentials like food, gas, and kid’s extracurricular programs.” ...