VICTORIA, B.C. — The B.C. Liberals announced a mini-budget yesterday, and large trucking and logging companies appear to be among the big winners.
Finance Minister Gary Collins announced the budget yesterday, which was music to the ears of business owners.
Changes include reducing the corporate income tax rate by three per cent, phasing out the controversial Corporation Capital Tax on non-financial corporations, killing the seven per cent provincial sales tax on machinery and equipment and introducing a tax credit for mining investors.
Business owners were quick to applaud the changes, but it was sniped at by the NDP government that insists only the rich will benefit.