September 24, 2020
British Columbia announces tax incentives as part of its economic recovery plan
The Government of British Columbia (BC) released on September 17, Stronger BC for Everyone: BC's Economic Recovery Plan, outlining a number of measures to address the economic impact of COVID-19. For businesses, the plan includes two new tax initiatives:
The BC legislative assembly has been dissolved pending the snap provincial election on October 24, and no bill has yet been introduced to implement the proposed tax incentives.
A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.
Full text of Tax Alert