This is a page from the 2024 British Columbia general election.
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Affordability

Tax measures and rebates platforms

Here's what the 2024 BC election parties are promising.

BC NDP

  • Cut taxes by $1,000 for 90% of families
  • Provide a one-year $500 individual rebate and $1,000 household rebate

BC Conservatives

  • Require approval from voters via a referendum or election for any new tax
  • Allow people to exempt $3,000/mo of rent or mortgage interest costs from provincial income taxes, starting with $1,500/mo in 2026

    "1) Largest tax cut for renters and homeowners in BC history – $3,000 per month of rent or mortgage interest costs will be exempt from provincial income taxes. This will be achieved by issuing a tax credit worth 5.06% of eligible housing costs, equivalent to the rate of BC’s base tax bracket.

    2) Immediate relief in Budget 2026 - by exempting $1,500 per month, increasing by $500 per year to the full level of $3,000 per month. This is a clear and long-term commitment to British Columbians who work hard.

    3) A fair and fiscally responsible tax credit – The 2026 budget impact will not exceed $900 million, and we will design a targeted tax credit that ensures the relief goes to people who need it to get ahead in life." — conservativebc.ca, retrieved 2024-10-08

BC Greens

  • Do a systemic review of the entire tax and transfer system

    "The BC Greens would undertake a systematic review of British Columbia’s entire tax and transfer system.

    • This would look not just at what is and isn’t taxed and to what extent, but also how the system treats different groups, including both census families and individuals.

    • It would consider where our tax take is on the Laffer curve, and what the incentives are for both high income individuals and companies." — BC Greens 2024 Platform, retrieved 2024-10-09

  • 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

Looking for the parties' positions on other topics?

See our full 2024 BC election platform comparison


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