As trusted economists and policy advisors to business and government leaders, the Council relies on sound, evidence-based analysis to inform its policy recommendations. Through diligent tracking of BC’s economic performance, we help identify the opportunities and challenges the province must navigate in order to reach its full potential.
Lessons Learned from the Prosperity Mine Decision:
Enhancing Project Certainty Through a Social Licence Strategy
Environment and Energy Bulletin v3 n1
Since the Federal Cabinet’s decision in November, 2010 to prohibit the proposed Prosperity Mine project from proceeding, questions have arisen about how this outcome came to pass, especially in circumstances where the project was previously approved through the British Columbia environmental assessment process and received strong words of support from the BC Government. One only has to consider the voluminous media coverage of this dilemma to understand the answer and to gain an appreciation of what now appears to be the most critical ingredient for success in any major resource project proposal. The critical ingredient? - “social licence” to develop and operate the project.
BC's 2009 Recession Crimps an Otherwise Strong Growth Performance in 2000s
The recently released Provincial Economic Accounts provide an opportunity to look back at BC’s economic performance. While preliminary data had already shown the province’s economy experiencing a sizable contraction in 2009, the more complete data allows for a more comprehensive review of economic well-being, export performance and other comparative metrics. The 2009 data also brings the decade to a close, affording a longer term assessment of BC’s economic performance for the entire decade.
Small Business Growth
The role of small businesses necessarily features prominently in any discussion of the structure and performance of British Columbia’s economy. It is no exaggeration to say that an orientation toward small businesses is one of the defining characteristics of the province’s economy.
The Harmonized Sales Tax -- Through an Economic Prism
This issue of Policy Perspectives is guest authored by Jon Kesselman of Simon Fraser University. Recognized as one of Canada's leading public finance and tax policy experts, Dr. Kesselman outlines the economic benefits of the Harmonized Sales Tax which the BC government plans to introduce later this year. The Business Council is grateful to Dr. Kesselman for contributing this timely article.
Outlook 2020: Shaping BC's Economic Future
Authored by Jock Finlayson, and Ken Peacock, Business Council of British Columbia
Profile and Outlook for the BC Agri-Food Industry
Authored by Gregg Burkinshaw, Business Council of British Columbia
Vancouver as a City-Region in the Global Economy
Authored by the Vancouver Economic Development Commission
Shifting Perceptions: Health Industries as a Source of Wealth Creation in British Columbia
Authored by Jock Finlayson and Ken Peacock, Business Council of British Columbia
2010 Biennial Skills and Attributes
The labour demands of the marketplace are continually changing with the general economic environment and the introduction of new technologies. Reflecting these pressures, British Columbia employers are seeking different combinations of skills and attributes in new hires in order to maintain their competitive edge. Job seekers in turn must keep pace with the necessary skills set sought by employers in today's dynamic work environment. The Business Council of BC's 2010 Biennial Survey has been designed to help entrants to the workforce do just that: identify the most important skills and attributes BC employers are seeking in new job applicants. Identifying these skills and attributes in turn helps job seekers better prepare for careers in a range of sectors and occupations.
Corporate Income Tax: Getting the Economics Right
The past decade has seen a remarkable transformation in Canada’s business tax landscape. Starting in the late 1990s, both the federal and most provincial governments began to reduce corporate income taxes – the taxes levied on business income or profits. At the national level, the general federal corporate income tax (CIT) rate stood at 28% in 1999; today it is 18%, and the current government intends to bring it to 15% by 2012. Moreover, in recent years Ottawa has eliminated the income surtaxes and capital taxes that it previously imposed on large and medium-sized businesses.
Opportunity BC 2020: BC's Forest Industry, Moving from a Volume Focus to a Value Perspective
Authored by Woodbridge Associations
Northern British Columbia: A Vision for Prosperity
Authored by Initiatives Prince George Development Corporation and Northern Development Initiative Trust
Population Aging: Economic and Social Dimensions
Authored by Roslyn Kunin & Associates, Inc. (RKA, Inc.)
15 by 15: A Comprehensive Policy Framework for Early Human Capital Investment in BC
Authored by Paul Kershaw, Ph.D., Lynell Anderson, CGA, Bill Warburton, Ph.D., Clyde Hertzman, M.D., M.Sc., FRCPC, FRSC
Human Early Learning Partnership
University of British Columbia
Changing People Changing Places: Demographic and Economic Change in British Columbia
Authored by David Baxter, Andrew Ramlo and Erin Ramlo, Urban Futures
The United States to 2020 and the Requirement for Canadian Initiative
Authored by Colin Robertson, Distinguished Senior Fellow, Norman Paterson School of International Affairs, Carleton University
Situating BC in the Global Economy
Authored by J. Baggs, Faculty of Business, D. Scoones, Department of Economics, and G. Voss, Department of Economics
University of Victoria