Province to spend $37 billion this year to keep up with growth
Despite earlier promises of further tax cuts, this year’s budget was one of “prudence and discipline”
Cuts to income taxes and GST reduces revenues by 4%
$4 million set aside for research and education centre
Association disappointed that province failed to accelerate full elimination of capital tax
$750 million in business tax relief
Modest tax credits for families and seniors included
Introduction of North America’s first carbon tax and cuts to income taxes are the key highlights
Interest payments on the province’s loan are the third-largest expenditure on its balance sheet
Linking such a tax to the province’s $11.1-billion transit plan is a no-brainer