CP NewsAlert: Income tax lifts B.C.’s surplus to $5 billion over estimate

By The Canadian Press on November 25, 2022.

British Columbia Finance Minister Selina Robinson speaks during the official opening of the Canadian Cancer Society Centre for Cancer Prevention and Support, in Vancouver, on Wednesday, November 10, 2021. THE CANADIAN PRESS/Darryl Dyck

VICTORIA – Faster-than-expected economic recovery has pushed British Columbia’s operating surplus to $5 billion more than estimated in the last quarter.

Finance Minister Selina Robinson says much of the added surplus comes from higher personal and corporate income taxes, while sales tax and natural gas royalties were also higher.

More coming.

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