On February 28, 2023, Katrine Conroy, British Columbia’s Finance Minister, announced the 2023 British Columbia Budget. With tightened household budgets due to inflation and a rumored global economic downturn, the Budget aims to protect B.C.’s citizens and set a strong foundation for a secure future. No changes were made to the existing provincial personal and corporate tax rates.
Crowe MacKay’s tax experts summarize British Columbia’s new tax measures below. If you require assistance, connect with us in Alberta, British Columbia, Northwest Territories, or the Yukon.