Mini-budget signals tax cuts for logging mining and energy
Victoria BC outlines sweeping business tax cuts totaling about 248 million this year and nearly 700 million next year. Measures include removing seven percent PST on equipment for logging mining and energy, halving then eliminating a corporate capital tax, lowering the corporate income tax to 13.5 percent, and new credits. Deficit projected at 2.8 billion after accounting adjustments with growth forecasts of 2.2 percent this year and 3.8 percent next year.