Top Earners in British Columbia to Pay Higher Taxes

Attorney General David Eby and Premier John Horgan look on as Minister of Finance Carole James delivers the budget speech from the legislative assembly at B.C. Legislature in Victoria, B.C., on Feb. 18, 2020. Chad Hipolito/The Canadian Press

VICTORIA—Top income earners and pop drinkers were hit with new taxes in Tuesday’s B.C. budget, which continues the government’s focus on capital spending for schools, hospitals and transit.

Finance Minister Carole James is introducing a new 20.5 per cent tax bracket that will cover the top one per cent of income earners in B.C., or those earning more than $220,000 annually.