British Columbia’s economic growth is expected to outpace Canada’s in 2021 and 2022, according to projections from the Economic Forecast Council (EFC).

Targeted supports for people and businesses, increased vaccinations and the resilience of people and communities continue to drive a strong economic rebound in B.C. with second quarterly results showing a further reduction in the provincial deficit.

To better protect consumers in B.C.’s real estate market, the Province is introducing legislation that requires cooling off periods for resale properties and newly built homes.

A StrongerBC program that refunds businesses the PST paid on select machinery and equipment will be extended for an additional six months.

Legislative amendments will make permanent the ability for B.C. corporations to hold virtual meetings.  

Selina Robinson, Minister of Finance, has released the following statement on the government’s actions to provide relief to commercial tenants with landlords that have added the cost of the speculation and vacancy tax into their triple-net leases: