BC Gov News

Standard and Poor’s (S&P) Global Ratings has affirmed British Columbia’s ‘AAA’ long-term rating, reflecting the province's stable economic outlook and government’s responsible fiscal management. 

Communities throughout British Columbia are showing leadership through actions to reduce greenhouse gas (GHG) emissions and adapt to the effects of a changing climate, according to the latest report on local government corporate and community-wide actions.

Carole James, Minister of Finance, is in Vancouver today to meet with mayors from municipalities where the speculation and vacancy tax (SVT) is applied.

Speculation and vacancy tax (SVT) declarations indicate foreign owners, satellite families and those with vacant homes will contribute $115 million to homes for people, and more than 99.8% of British Columbians are exempt.

The Province is providing $110 million to local governments around B.C. for services that British Columbians count on, such as investments in infrastructure, like water and sewer, and services like policing.

Nearly all speculation and vacancy tax (SVT) declarations are complete and the tax is capturing speculators who own homes in B.C. but do not pay tax here.

The provincial government is moving forward with the recommendations from the BC Mining Jobs Task Force (MJTF) to boost the mining sector and create good jobs and a strong, sustainable economy.