The B.C. government has released the first quarterly update since its budget earlier this year and it’s bumping up its numbers over 2016-2017.
Expectations are high for Finance Minister Mike de Jong, but what was a projected $264 million surplus is now a $1.94 billion one.
And following revelations last night the four percent increase in the MSP rate is now cancelled, there is also a four percent reduction for people on premium assistance.
For single parents with one or two children, they’ll now be paying just $75 a month.
As for the 15 per cent foreign buyers tax on property, de Jong saying for now that he feels some nervousness, and what that means for the forecast.