BC’s provincial government has a key role to play in shaping the province’s economy. Taxation, access to natural resources, transportation, education and skills development, environmental regulation, labour rules and many other social programs all fall under the provincial government’s jurisdiction. The Council conducts research and analysis on all these topics and regularly contributes to public-policy development at the provincial level.
An Update on Government Finances
With the national economy having reached potential, now is not a propitious time for governments to be running fiscal deficits. Yet, collectively, they are doing just that.
RELEASE: Professional Reliance Review Report Provides Solutions Looking for a Problem
The Business Council of British Columbia has significant concerns with the recently released Professional Reliance Review Report which has offered a series of recommendations related to the province’s professional reliance model.
RELEASE: BCBC welcomes important step in advancing LNG in B.C.
The Business Council of British Columbia today welcomes news of a Fiscal Framework Agreement between the Province of B.C. and LNG Canada. The completion of this agreement signals an important step towards the realization of a major LNG project in the province and the largest infrastructure project in Canada’s history – a project that promises to generate lasting economic benefits for all British Columbians.
Pros and Cons of the NDP's Housing Plan
In Budget 2018, the NDP government unveiled a 30-point housing plan intended to address concerns about housing affordability. We believe that housing policy should be driven by the needs of the local population but there are problems with the government's overall approach.
Finlayson & Peacock Op-Ed: New age of activist governments driving up cost of doing business (Business in Vancouver)
Welcome to a new era of activist government.
In the last two years, both the federal and provincial governments have outlined more ambitious policy agendas. Each has ramped up spending on social services and income support programs, laying the foundations for a larger public sector. The drumbeat of regulatory change has become deafening as governments initiate multiple policy reviews and move to reshape environmental assessment and permitting rules, energy regulations and standards, the legal frameworks governing employment and labour relations, minimum wages, housing market policies, apprenticeships and much else besides.
Finlayson & Peacock Op-Ed: Budget’s higher business costs dim B.C. investment prospects
The first full budget unveiled by the BC NDP government offers a mix of higher spending, tax hikes on business and significant commitments to expand child care and address concerns over housing affordability and real estate speculation.
BC Budget 2018 - Higher Business Taxes Plus Additional Spending Measures
Many B.C. businesses will be scrambling to adjust to significantly higher payroll costs.
BCBC Offers Mixed Reviews on Budget 2018
Today’s budget presented by Finance Minister Carole James introduces a new payroll tax, takes significant steps towards addressing housing affordability, and commits to a significant expansion of child care in the province. However, the Business Council believes there is more work to do to strengthen the foundations of B.C.’s prosperity.
Three Observations on BC's Rising Minimum Wage
How is a higher minimum wage policy likely to play out in the context of BC’s economy and labour market?
Finlayson & Peacock: Avoiding a deficit should be a BC NDP coalition budget priority (Business in Vancouver)
Some cautionary advice for Minister Carole James heading into the NDP Government's first full budget.
SUBMISSION: MSP Task Force
The Business Council's submission to the MSP Task Force which has been asked to advise on how to make up the forgone revenue from the elimination of Medical Services Plan premiums.
Statement from BCBC on Increasing Risks to BC's Investment Climate
In response to the Provincial Government’s announcement that it intends to restrict the movement of diluted bitumen through the province, Greg D’Avignon, President and Chief Executive Officer of the Business Council of British Columbia, has released the following statement:
SUBMISSION: Professional Reliance Review
Business Council comments on the Professional Reliance Review being undertaken by the Ministry of Environment and Climate Change.
Presentation: Competitive Landscape of BC's Natural Resource Sectors
Check out Jock Finlayson's presentation to the 2018 BC Natural Resources Forum on the economic contributions of resources to BC's economy - and the risks to the sectors' competitiveness.
Finlayson & Peacock Op Ed: U.S. tax reforms set to remake competitive landscape for Canada (Business in Vancouver)
As finance ministers across Canada start putting the finishing touches on their 2018 budgets, they are sure to be casting a nervous glance to the south. In late December, the U.S. Congress approved – and President Donald Trump signed – a package of tax reforms and rate reductions that amounts to the biggest overhaul of America’s tax system in four decades. The changes are numerous and complex. For policy-makers and business leaders in Canada, the new reality of U.S. taxation heralds a significant shift in the competitive landscape.
BCBC in 2017: Advancing Ideas and Actions....
In the final days of 2017, we’ve taken a moment to review the 119 publications, submissions to government, opinion editorials and blogs produced by the team at the Business Council of British Columbia. In addition to highlighting our major works, we’ve put together a compilation which revisits the most popular pieces and provides an overview of the range of issues that have garnered attention this year.
BCBC Statement on Provincial Government Decision to Complete Site C
We wish to recognize Premier Horgan and his cabinet colleagues for their decision today to proceed with the completion of the Site C dam. Once operational, this generational asset will provide clean, firm power within a basket of renewable assets that will support our province’s growing low-carbon commodity and energy exports in a world hungry for what BC produces. This is the right decision for British Columbia and Canada’s energy and climate future.
Finlayson & Peacock Op-Ed: How government can help build bigger businesses in B.C. (Business in Vancouver)
To build a more prosperous economy, new businesses have to be created and some existing firms must grow. The business world is characterized by a high degree of “churn,” with many new entrants together with lots of exits and diverse patterns of expansion and contraction among the pool of surviving companies. Many new firms don’t have a long shelf life. About half close their doors within five years. Of those that hit the five-year mark, most never reach the 50-employee level.
But those that do grow swiftly tend to make disproportionate contributions to our economy. This is partly because as businesses expand, they become more productive – and therefore, on average, pay higher wages. In addition, as firms grow, they are more likely to export and to take advantage of the economies of scale that come from doing business beyond local markets.
Dear Premier Horgan: Let's Build Site C
Having considered the evidence, including the BC Utilities Commission’s (BCUC) recent report, our reputational risk and the anticipated significant electricity demand as we accelerate into the digital age and low carbon economy, we offer our support for completing the project, for several reasons – some of which are also referenced in a recent submission from the BC Building Trades unions.
Finlayson & Peacock Op-Ed: B.C.-Alberta economic links tightest among Canadian provinces (Business in Vancouver)
Canada is a federation made up of provinces and territories with a significant amount of subnational autonomy. The provinces are responsible for delivering health care and education and have jurisdiction over employment standards and occupational regulations governing the labour market. Control of Crown land and regulating the operations of resource industries are also under provincial jurisdiction. Although independent, the provinces co-operate and are integrated and interdependent with each other in an economic sense. The two westernmost provinces, B.C. and Alberta, have especially strong economic connections and exhibit a high degree of economic interdependence.