A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.

Premier David Eby said Tuesday the middle-income tax cut he promised during last fall香蕉视频直播檚 election campaign would help form the New Democrat government香蕉视频直播檚 agenda in the new year.

香蕉视频直播淚 have heard that you want our government to work harder to tackle the issues that you and your family are talking about around the kitchen table,香蕉视频直播� he said in a statement. 香蕉视频直播淭hat is our focus for 2025 and beyond.香蕉视频直播�

Eby had promised economic development and the tax cut in a year-end interview with The Canadian Press earlier in December.

香蕉视频直播淭he focus will be on growing our economy,香蕉视频直播� he said. 香蕉视频直播淎nd, of course, affordability. British Columbians are going to see that middle-class tax cut.香蕉视频直播�

Eby had said he expected the newly created Ministry of Infrastructure to help drive economic development in 2025.

香蕉视频直播淵ou香蕉视频直播檙e going to see an approach from us about streamlining projects to get them approved and ensure people are working,香蕉视频直播� he said. 香蕉视频直播淎round building the province, we香蕉视频直播檝e got a new infrastructure ministry that is focused on streamlining and expediting things like schools, hospitals and transit systems.香蕉视频直播�

Eby said during the election campaign the tax cut of up to $1,000 would initially come as a rebate in 2025, followed by the exemption of an additional $10,000 of individual income from provincial tax every year after that. That would represent a tax cut of $1,000 for households and $500 for individuals.

Opposition B.C. Conservative finance critic Peter Milobar said Eby promised immediate tax relief during the election, but people are still waiting.

香蕉视频直播淒avid Eby could have recalled the legislature last November to deliver the 香蕉视频直播榠mmediate香蕉视频直播� relief,香蕉视频直播� said Milobar in a statement. 香蕉视频直播淲ill Eby finally deliver next February? We still don香蕉视频直播檛 know.香蕉视频直播�

Eby has promised tax relief and affordability measures, but the New Democrat government is poised to implement a carbon tax increase on April 1, Milobar said.

香蕉视频直播淒avid Eby and Finance Minister Brenda Bailey are touting temporary cost-of-living relief while families are facing more permanent carbon tax pain in just three months,香蕉视频直播� Milobar said. 香蕉视频直播淚t香蕉视频直播檚 tough to see how the NDP are serious about the cost of living, when they plan to add 3.3 cents a litre to the price of gas on April 1st.香蕉视频直播�

B.C.香蕉视频直播檚 Finance Minister Brenda Bailey said the government is committed to helping people cope with the high living costs driven by global inflation.

香蕉视频直播淲hile the federal government continues to require the carbon tax, we will continue to ensure the cost for people in B.C. is offset by our climate action tax credits, worth $600 a year for the average family,香蕉视频直播� said Bailey. 香蕉视频直播淲e have been clear there is more to come.香蕉视频直播�

The current carbon tax on a litre of gasoline in B.C. is almost 18 cents. That is scheduled to increase above 20 cents in April.

The government香蕉视频直播檚 previously announced 20-per-cent home-flipping tax, to be levied against non-exempt people who sell homes within two years of purchase, is aimed at discouraging investors 香蕉视频直播渇rom buying housing to turn a quick profit,香蕉视频直播� said the provincial government.

Exemptions to the new tax include cases involving divorce, job loss or other changes in household membership.

B.C. has estimated that about 4,000 properties will be subject to the tax in the new year, with the revenue going toward 香蕉视频直播渟trengthening housing programs and building new affordable homes.香蕉视频直播�

The Ministry of Finance said in a statement a new maximum annual allowable rent increase rate of three per cent also takes effect Wednesday, down from 2024香蕉视频直播檚 rate of 3.5 per cent.

Other new year regulations include new rules to cut methane emissions in B.C.香蕉视频直播檚 oil and gas sector, as well as a possible general property tax exemption for buyers of qualifying purpose-built rental housing.

Later in January, the province says qualifying residents should also receive payments from the quarterly climate action tax credit as well as income support that will include a temporary 25 per cent cost-of-living bonus.