Interesting Statistics

We thought we would switch gears for a minute and look at a provincial issue - taxation. The anti-HST people are geared up and ready for a fight. They speak as if the NDP is our savior. Here are some interesting Tax Facts comparing taxation today vs. the NDP yester-year:

Your Provincial Income Taxes

Under the NDP in 1996 vs. Today

Example B.C. Household	Taxes in 1996	Taxes Today	Savings
Two Income Family of Four - $90,000 Income	$6,935	$3,195	$3,740
Two Income Family of Four - $60,000 Income	$3,290	$1,320	$1,970
Two Income Family of Four - $30,000 Income	$1,284	$0	$1,284
Unattached Individual - $25,000 Income	$1,402	$376	$1,026
Unattached Individual - $80,000 Income	$8,881	$4,080	$4,801
Senior Couple, Equal Pensions - $30,000 Income	$718	$0	$718

Small Business Income Tax Reductions

Your local neighbourhood small businesses are the driving force behind B.C.'s economy. In fact, small businesses account for nearly 98 per cent of all businesses in British Columbia - which is why the BC Liberals targeted tax reduction to ensure they can reach their full potential.

Example Neighbourhood Business	Taxes in 1996	Taxes Today	Savings
Neighbourhood Pizzeria - $200,000 income	$18,000	$5,000	$13,000
Independent Pet Store - $400,000 income	$51,000	$10,000	$41,000
Local Produce Store - $750,000 income	$108,750	$38,750	$70,000

And More Than 120 Additional Tax Decreases

Since taking office in 2001, the BC Liberals made over 120 tax cuts, helping B.C. thrive during good times, and weather bad economic times better than almost any other jurisdiction in the western world.

Our other tax cuts and tax credits include:

• New Northern and Rural Homeowner Benefit
• Enhanced Shelter Aid for Elderly Renters (SAFER) Program
• New Low Income Climate Action Tax Credit
• Eliminated Corporate Capital Tax
• Enhanced BC Mining Flow-Through Share Tax Credit
• Enhanced Small Business Venture Capital Tax Credit