On February 20, 2018, British Columbia’s new Finance Minister Carole James presented the 2018 budget. Budget 2018: Working for you (the “Budget”) remains a balanced budget with $5.4 billion in new spending over 3 years. The additional spending and new programs are focused on childcare, senior healthcare, housing affordability, and education. The Budget also includes confirmation of the elimination of the MSP premium which will be funded by the revenues from a new employer health tax. This memo highlights a number of items that may be of interest to plan administrators, employers, and members.
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