The below are the new taxes from the NDP. Taken from
https://www.straight.com/news/1140266/pa...reality-failed-land-value-tax-experiment
$2.5 billion payroll tax
$1.3 billion carbon tax increase—the NDP phased out the requirement for carbon tax to be offset with other tax cuts
$480 million speculation tax
$115 million expanded foreign buyer tax
$243 million increase in property transfer tax
$450 million school tax
$285 million increased tobacco tax
$86 million in other tax measures, including levies on luxury cars
1.5 cent/litre gas tax equals approx $24 per year for each vehicle
B.C. Hydro 25-cent monthly levy
Income earners over $150,000 annually to face a new personal tax rate of 16.8 percent up from 14.7 percent
Increase in the general corporate income tax to 12 percent from 11 percent
There’s also a nice summary of how taxes cause deadweight loss and economic stagnation. I also like how he points out that we’re taxing unfairly as we’re taxing people using the 3m+ school tax as a form of asset tax but ignoring stocks and other types of assets. I don’t own a Vancouver house but I agree that it’s unfair to target real estate owners over other forms of investment owners.