Need more evidence British Columbians are overtaxed? Two more pieces of data to consider:
1. British Columbians have the highest consumer debt load in the country—an average of $37,879. That’s up 2.9% year over year. When you live close to the financial edge, a Visa is often the only way to cope with an emergency.
2. StatsCan says Canadian overnight pleasure trips to the U.S. are up 9.9% this year. And overnight business trips are up 12.3%. Florida, New York and (the only border state) Washington are the top three destinations for Canadian travellers. Not coincidentally, Bellingham hotels are booming as Canadians slip across the line to shop.
The B.C. tax burden is strangling many taxpayers, so we are looking for any relief we can find. The U.S. will continue to be an attractive option.
Is Canada Off Track?
Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.
Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?
You can tell us what you think by filling out the survey
Franco Terrazzano
Federal Director
Hey, it’s Franco.
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