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.
How are Unions Faring in Today's Economy?
The month of September heralds Labour Day, making it an opportune time to review the place of trade unions in today’s increasingly complex economy. Trade unions remain an important factor in British Columbia. But their influence is waning, particularly in the private sector. This is starkly evident in the data on “union density” – the share of all workers who belong to a trade union. Falling union density is a well-established trend in British Columbia and other provinces, as well as in the United States. In 2006, 30.2 per cent of paid employees in BC were unionized. By 2009, the share had fallen to 29.1 per cent.
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
Realizing British Columbia's Second Renewable Electricity Revolution
Authored by OnPoint Consulting Inc.
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.