B.C. finance minister hints at tax relief on eve of 2017 budget
MSP reforms, Hydro freeze, small business relief all possibilities that could be announced on Tuesday
B.C. Finance Minister Mike de Jong offered no new clues about what the government will announce in Tuesday's pre-election provincial budget, but suggested once again that new tax cuts will be on the table.
"You're going to see two themes emerge pretty clearly out of the budget," he said to reporters Monday.
"On the one hand, capitalizing on our fiscal strengths, we are going to make some additional investments we think are warranted and where it's required ... and where we can, we'd like to leave a little more money in the pockets of British Columbiansand that speaks to issues of taxation."
The provinceforecasteda $2.24 billion surplusin November, which would be a fifth straight balanced budget.
Since then,Premier Christy Clark has promisedrevamping MSP premiums, and in the past week, the government has implied tax reliefis coming, whilealso making smaller pre-budget funding announcements,
This week, well deliver our 5th balanced budget - ensuring you can keep more of your hard earned money. #Budget2017 pic.twitter.com/wgeckwDz5C
—@christyclarkbc
But aside from saying, "we are trying to ensure the benefits of our strong economy are shared by the widest possible group," de Jong was mum on whether those measures would include broad tax cuts, MSP reforms or freezes to ICBCand BC Hydro rates.
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"I'm not going topre-emptwhat may or may not be in the budget."
Status quo on shoe soling tradition
De Jong's comments came at the annual pre-budget shoe event, a staple among finance ministers in Canada.
While many ministers use the event to unveil a new pair of shoes that broadly symbolize a budget's theme, de Jongopted for a simple resoling of his black, Bostonian dress shoes at a local cobbler.
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"I don't overthink these things. I like these shoes,"he said. "They're comfortable these have served me well, there's no real message, except I like them, they're comfortable, and Mike is a great cobbler."
But he did point to cobbler Mike Waterman, owner of Olde Towne Shoe Repair, assomeone who would likelybenefit from the budget.
"Increasingly when I think of small business, I think of Mike's shop ... we're going to try and ensure that small business also benefits from the strength of our economy."