BC NDP promise new tax on foreign speculators

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Premier Christy Clark started off the 2017 election campaign Tuesday with a visit to Government House to dissolve the legislature and begin a 28-day run to voting day on May 9.

W.A.C. Bennett served as Premier while leader of the Social Credit Party while representing a Kelowna riding, as did his son Bill Bennett.

Horgan says a New Democrat government would revamp the Residential Tenancy Act to make it more accessible, and also address the problem of "renovictions", where landlords use renovations as an excuse to evict tenants and sidestep restrictions around rent increases. I'm committed to that, I'm committed to living within our means. "I think our plan is focused on people, and we're going to be laying out our fully costed platform tomorrow".

A large part of cutting that waste, according to Horgan, is getting rid of what he calls Christy Clark's "LNG Fantasy Fund". Starting this year, the NDP would also increase all income assistance rates by $100 a month, and increase the earnings exemption by $200 a month.

"If you're buying property, and you're benefiting from all the public services, and your property is going up in value, because of the good schools and hospitals and services here - that's fundamentally unfair", Mr. Eby said.

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- Leader John Horgan promised he would introduce an annual $400 rebate to help renters throughout the province, but said details on what the program would cost won't be unveiled until his party releases its full platform on Thursday.

"We are playing politics (that) could be significantly damaging to our transportation system based on these very populist-type proposals", he said.

But that $7-billion will be debt; so how will it impact the books?

It promises to pay for the new spending by raising large corporate income tax by one per cent, imposing an "empty housing speculation tax" and reinstating a two-per cent income tax increase on high-income earners removed by the BC Liberal government in 2015.

He says it would cost $4-billion per year if brought in, and again raising the spectre of B.C. losing its AAA credit rating.