The BC Liberals are promising to eliminate the PST for one year, followed by cutting it to three per cent the next year, if elected.
“British Columbians have lost confidence in the direction of the province and the weak economic record of the NDP. B.C. families and small businesses need help now, which is why a BC Liberal government will immediately eliminate the PST for one year — saving you money right away, getting more people working, and bringing investment back to B.C.,” said BC Liberal Leader Andrew Wilkinson.
The announcement marked first major pillar of the Liberals’ economic plan to address the biggest economic challenge in generations.
“Countless people are still out of work, small businesses are facing bankruptcy and the public health threat from COVID-19 is still very real,” added Wilkinson. “Eliminating PST puts more money in people’s pockets, stimulates growth for struggling small business, and helps British Columbians who are struggling to get by. This is a vital step to rebuild our economy.”
A family of four earning $60,000 per parent will save $1,714 in the first year, followed by an additional $979 in the second year, according to a press release from the BC Liberal Party.
“Everybody pays the PST, so everybody saves under the BC Liberal plan,” concluded Wilkinson.