BUDGET RECOMMENDATIONS 2018/19Presented to the Select Standing Committee on Finance and Government Services

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BC should take advantage of its favourable economic outlook and

encourage business productivity by focusing on the following

policy areas to:

• Ensure BC’s business tax competitiveness; and

• Minimize the labour skills gap.

INPUT TAX CREDITS

Maintaining business competitiveness is vital to

long-term economic sustainability. Any negative

tax changes could affect our province’s ability to

attract new business.

INPUT TAX CREDITS

Recommendation #1: Implement full PST

exemption or input tax credit mechanism for

business expenditures to encourage investment

and to maintain BC’s business competitiveness

and drive productivity.

LABOUR SKILLS GAP

The shift towards a knowledge-based economy

means an increasing need for skilled labour and

a growing concern about labour skills mismatch,

which can cost the province billions in foregone

GDP and millions in foregone tax revenue.

LABOUR SKILLS GAP

Recommendation #2: Encourage active

partnerships between post-secondary

institutions, industry, and government

departments, such as WorkBC and the BC

Economic Development Associations.

LABOUR SKILLS GAP

Recommendation #3: Make work-integrated

learning a mandatory component of post-

secondary education.

www.bccpa.ca/outlooksurvey

CPABC BUSINESS OUTLOOK SURVEY 2017

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