B.C. Finance Minister Mike de Jong announced the 2017 provincial budget Tuesday in Victoria.

B.C. BUDGET: Top 10 things to know

The 2017/18 B.C. budget bring cuts to MSP premiums, a proposed PST break for business, and increases in public education funding.

Here’s a look at the highlights from the B.C. budget announced Tuesday by Finance Minister Mike de Jong:

1. MSP premium cut: Savings of up to $900 a year for families paying the maximum premium. See more >

2. Education: $740 million over three years for K-12 schools. See more >

3. PST proposed to be taken off business electricity bills. See more >

4. Housing: First-time buyers exemption from transfer tax rises to $500,000. See more >

5. Growth: A forecast of 2.1 per cent economic growth, slightly less than average of advisors.

6. Business tax cut: Small business corporate income tax drops from 2.5 to 2.0 per cent, becoming the second lowest in the country.

7. Disability assistance rate increase, of $50 a month for more than 100,000 people, worth $199 million.

8. B.C. student loan interest cut down to prime rate.

9. Ministry of children and families receives $287 million — nearly half of which will help aboriginal children.

10. Dark clouds: Finance minister warns strong B.C. exports right now could be “a blip” depending on protectionism of U.S. President Donald Trump.

Just Posted

Sooke councillor questions CRD governance model

Kevin Pearson calling for changes to the CRD’s governance model

Big Brother runner-up, Karen Singbeil, buys longest-running business in Oak Bay.

Willows Park Grocery, operating since 1912, has been bought by Karen Singbeil, of Big Brother fame.

Master fiddler Jeremy Kittel returns to Victoria with his genre-defying trio

The Live Music series at the Upstairs Lounge hosts Jeremy Kittel trio on Oct. 27.

PACE concert raises $6,500 for Langford family

Cathy Shotton recently donated her kidney to her daughter, Nicki

New Habitat for Humanity home coming to Central Saanich

When Lowe’s opened their new store in Langford, they celebrated by donating… Continue reading

Big Brother runner-up, Karen Singbeil, buys longest-running business in Oak Bay.

Willows Park Grocery, operating since 1912, has been bought by Karen Singbeil, of Big Brother fame.

Ex-employee describes alleged sexual assault by B.C. city councillor

Complainant was a teen during the alleged 1992 incident

Parents group filing human rights complaint against Surrey school district

District denies Parents United Canada right to rent Bell Performing Arts Centre for rally next month

Amazon gets 238 proposals for 2nd headquarters

Submissions were due last week. Online retailer has said tax breaks and grants would be factors

Sean O’Loughlin named Victoria Symphony’s Principal Pops conductor

American composer has built a career working with some of music’s biggest names

Highway, housing and amalgamation will be on Saanich’s council agenda Monday

A busy agenda awaits Saanich councillors meet Monday. Perhaps the most prolific… Continue reading

Maintenance taking place on Esquimalt Lagoon Bridge this week

Drivers should expect delays between 8 a.m. and 4 p.m.

Justin Timberlake invited back to Super Bowl halftime show

A ‘wardrobe malfunction’ with Janet Jackson caused a national controversy during his last appearance

A scary box office weekend for everyone but Tyler Perry

‘Boo 2! A Madea Halloween’ scared up a healthy $21.7 million in its first weekend in theatres

Most Read