BC’s Finance Minister says there is more good news than bad for this province from the federal budget.
Mike de Jong says while he welcomes the federal reduction of the smal business tax rate it will have an impact on provincial coffers.
“We are doing that analysis now. It doesn’t look like it. There are some very modest changes, negative impacts, and I mean very modest on some of the small tax changes.”
By modest, de Jong says it could mean between an 18-million and 30-million-dollar hit.
“Our initial take is that is about the range we are in.”
On the good news side de Jong says his government will be looking for its share of infrastructure dollars promised in the latest federal budget.
De Jong says while they will have to wait until 2017 to see the first dollars flow.
“We obviously will beworking hard to secure our fair share. When I say our fair share we haven’t been shy about reminding the federal government that in calculating that fair share we believe they need to take into account our strategic position as Canada’s gateway to the Asia Pacific.”
He adds the budget also contains changes that should give BC’s fledgling LNG industry a boost.