BC Businesses to Pay Additional $6.5B in Government-Imposed Costs Over Three Years: Report

BC Businesses to Pay Additional $6.5B in Government-Imposed Costs Over Three Years: Report
The downtown skyline in Vancouver is seen on Dec. 21, 2022. Darryl Dyck/The Canadian Press
Isaac Teo
Updated:
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British Columbia businesses are expected to pay billions in additional costs imposed by the provincial government over a three-year period, a report finds.

The report released by the Greater Vancouver Board of Trade (GVBOT) says it identified “significant” government-imposed costs that will chip away an additional $6.5 billion from the earnings of business owners between 2022 and 2024, after accounting for saving measures.