Society & Government

Budgets platforms

Here's what the 2024 BC election parties are promising.
We don't have any BC NDP policies on Budgets.

BC Conservatives

  • Eliminate the deficit within 2 terms in government
  • Conduct an audit to identify government bloat, fix poor management practices, and ensure spending efficacy
  • Require approval from voters via a referendum or election for any new tax

BC Greens

  • Introduce an additional 22.5% marginal tax rate on incomes over $350,000

    "The BC Greens would introduce an additional marginal tax rate of incomes over $350,000 per year, of 22.5%. This would impact 39,936 tax filers, with an average income of $935,090. The additional revenue raised is $394.5 million." — BC Greens 2024 Platform, retrieved 2024-10-09

  • Introduce an additional 18% marginal tax rate for corporate revenue above $1B

    "The BC Greens would introduce an additional marginal tax rate for corporate revenue above $1 billion per year, of 18%. This would impact approximately 35 companies, with an average income of $4.75 billion per year. The additional revenue raised is approximately $4.1 billion per annum." — BC Greens 2024 Platform, retrieved 2024-10-09

  • Apply a 2% tax on residential property values over $3M, and double existing property tax rates for homes valued over $3M, $4M, and $7M

    "Apply a 2% tax on residential property values over $3 million and double existing provincial property tax rates for homes valued above $3 million, $4 million, and $7 million, ensuring high-value properties contribute more." — BC Greens 2024 Platform, retrieved 2024-10-09

    "• The BC Greens will increase the taxes paid on the most expensive properties in British Columbia. We will double the existing provincial property tax rates (the ‘School Tax’) on residential property valued above $3 million to 0.4%, above $4 million to 0.8%, and add a new bracket for properties valued above $7 million at 1.5%.

    • We will also apply these brackets to the total property holdings of a household, rather than assessing on a per-property basis.

    • These changes will impact approximately 3.7% of British Columbian households with significant wealth. The additional revenue raised is approximately $938 million per year."

    BC Greens 2024 Platform, retrieved 2024-10-09

Looking for the parties' positions on other topics?

See our full 2024 BC election platform comparison
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