The progress made on making B.C. one of the world's most desirable places to invest could all be for not if the NDP wins power in the next provincial election, Liberal government finance minister Kevin Falcon warned Monday during a chamber of commerce luncheon.
The province enjoys a AAA credit rating, is home to the lowest personal income tax rate in Canada and, at 10 per cent, has one of the most competitive corporate income tax rates in the G7, Falcon said.
But the NDP has said it will raise the corporate tax rate and tax high-income earners if voted into power, Falcon told chamber members, and asserted that those making $60,000 a year or more will feel the pinch to raise the kind of revenue the NDP will need to balance the budget and increase spending at the rates it says it will.
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