Canada: British Columbia budget update bill | KPMG | GLOBAL

Canada: British Columbia budget update bill, third reading

Canada: British Columbia budget update bill

British Columbia Bill 2 received the third reading on 26 October 2017.

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The bill includes most of the tax measures from the province's recent 2017 budget update, as well as several tax measures that are identical or similar to ones that were in British Columbia’s previous 2017 budget bill.

Among the tax measures are proposals to increase the rate of corporate income tax to 12% (from 11%) effective 1 January 2018.

 

Read an October 2017 report prepared by the KPMG member firm in Canada

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