Province also increases some taxes and speculation and vacancy tax credits
British Columbians will once again be getting a $110 ICBC rebate, Finance Minister Brenda Bailey announced Tuesday in the 2025 budget.
Along with the rebate, the province also highlighted increases to several tax credits, as well as increased tax rates. The province is also increasing the investment limit for individuals through the small business venture capital tax credit, along with a temporary $15 million increase to the program’s budget for 2025-27.
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