Goodbye MSP premiums and single-use plastics: Several new laws take effect this year in B.C.
Updated: Mar 4
British Columbians will ring in the new year with no MSP premiums, tougher pollution rules, a hefty vaping tax, and a single-use plastics ban
MSP PREMIUMS
Premiums under the province’s Medical Services Plan will be eliminated starting Jan. 1, saving individuals up to $900 a year while families will pocket up to $1,800.
The Finance Ministry says ditching the “unfair” premiums will amount to a net tax cut of $800 million.
The change comes a year after premiums were halved and B.C. introduced a new tax of 1.95 per cent for businesses with a payroll over $1.5 million.
Read the full story at the Vancouver Sun