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Canadian Taxpayers Federation spells out increased B.C., federal tax in new year

Those making more than $40,000 will see more federal tax, says the federation
(Pixabay stock photo)

Provincial and federal tax changes implemented in 2022 will see drivers and middle-income taxpayers pay more towards carbon tax and social benefits.

Gasoline price per litre will raise to 11 cents from 10 on April 1 as the B.C. government raises its carbon tax, according to the Canadian Taxpayers Federation. That means the cost of filling up a minivan will be about $8 extra, they said, while also affecting owners of diesel vehicles and homes heated via natural gas.

“The cost of getting to work, heating your home and delivering our supplies will all increase next year,” said taxpayers federation B.C. director Kris Sims.

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The other big tax changes coming in the new year are at the federal level, according to the taxpayers federation. Workers making over $40,000 in 2022 will pay an additional $333 towards the Canada Pension Plan and $63 towards Employment Insurance. For the latter, businesses will pay an extra $89.

“From higher carbon taxes to rising alcohol, payroll and property taxes, there’s a raft of tax hikes coming in the new year,” said taxpayers federation federal director Franco Terrazzano. Metro Vancouver regional district will also see a 3.5 per cent increase in their property tax for 2022.

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About the Author: Greater Victoria News Staff

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