Battleground BC
BC NDP promises tax hikes if elected

BC NDP leader Adrian Dix

Credits: CARMINE MARINELLI/QMI AGENCY

BRYN WEESE | QMI AGENCY

VANCOUVER - Corporations, banks, polluters and the wealthy will pay more if the NDP wins the British Columbia election.

The party's fiscal plan, unveiled at Simon Fraser University Thursday, calls for: a one point rise in the corporate tax rate from 11% to 12%, reinstating a 3% bank tax, expanding the carbon tax to include vented oil and gas emissions, and raising the personal income tax rate to 19% on incomes over $150,000 a year.

The party, if elected, also plans to run the same $800-million deficits it alleges the ruling BC Liberals are hiding. In total, the NDP would run nearly $2 billion in deficits over the next three years until the party, it says, balances the budget in the fourth year of a NDP government.

"We're looking at those who have a little more to give a little more," NDP finance critic Bruce Ralston told reporters.

The fiscal plan is a broad look at how the NDP will pay for its election platform, which will be detailed during the campaign. On Thursday, the party promised a childcare and early-education plan and a poverty-reduction strategy.

Earlier this week, NDP Leader Adrian Dix proposed increasing the tax credits for TV and film productions in the province to 40% of labour costs.

Current polls show the NDP with a sizeable lead over the Liberals.

Premier Christy Clark is expected to outline her party's election platform Sunday during a 30-minute TV address.

The campaign for the May 14 election officially begins Tuesday.

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