As most of you are already aware, new MSP premiums went into effect January 2018 where they were reduced by 50 percent for all British Columbians.
Moreover, as the Vancouver sun reported the NDPs budget unveiled a new payroll tax to take effect January 2019 offsetting revenue losses in premiums.
Companies with over 500k in payroll will pay .98 percent tax annually going up in payroll increments of $250k.
According to Finance Minister Carole James, the public sector will account for 20 percent of the tax revenue per year.
Check out the article here: https://t.co/nRvDNbKBXM— Dang & Company (@dangandco) August 22, 2018 https://platform.twitter.com/widgets.js