2012 B.C budget: What it means for you
A $195 million increase in personal income tax
Carbon Tax will go up 7.67 cents per litre from 6.39 cents on fuel
Bonus of up to $10,000 for first time home buyers to purchase new homes.
$1,000 renovation tax credit for seniors
Tax credits for children’s fitness and arts programs
New learning investment fund, 4 per cent increase in MSP premiums.
By Veeno Dewan
The B.C. budget announced on Monday is designed for austerity and is one of the toughest in recent years. And ordinary people will be feeling it in the wallet. If you own a car you will be paying more for gas as the scheduled carbon tax increase will go ahead on July, from 5.56 cents on a litre of gasoline to 6.67 cents.
MSP premiums will be going up by 4% adding around $300 to a family medical bill.
Also inline are increases in prices for ferry
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$90 a year increase in tax bill for
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