Employer Health Tax — BBOT Opposes New Payroll Tax; Proposes 4 Fixes to Mitigate Impact on Business
In BC Budget 2018 presented on February 20th, the provincial government announced the introduction of an “employer health tax” which will require organizations with payrolls of over $500,000 per year to pay a new payroll tax ranging from 0.98% to 1.95% to fund the removal of Medical Services Plan (MSP) premiums.
The Burnaby Board of Trade does not support imposing the new employer health tax tax on businesses and not-for-profits. Should the tax go ahead, the Burnaby Board of Trade is advocating for several changes to be included in the final regulations/legislation to minimize the undue negative impacts of this tax.
The Burnaby Board of Trade has several concerns with this new payroll tax as outlined in the BBOT POLICY ALERT below.
UPDATE — The Burnaby Board of Trade has presented our concerns and suggestions to all four Burnaby MLAs, and has contacted Minister of Finance Carole James to share our views on the employer health tax.