B.C. Finance Minister Mike de Jong announced the 2017 provincial budget Tuesday in Victoria.

B.C. BUDGET: Top 10 things to know

The 2017/18 B.C. budget bring cuts to MSP premiums, a proposed PST break for business, and increases in public education funding.

Here’s a look at the highlights from the B.C. budget announced Tuesday by Finance Minister Mike de Jong:

1. MSP premium cut: Savings of up to $900 a year for families paying the maximum premium. See more >

2. Education: $740 million over three years for K-12 schools. See more >

3. PST proposed to be taken off business electricity bills. See more >

4. Housing: First-time buyers exemption from transfer tax rises to $500,000. See more >

5. Growth: A forecast of 2.1 per cent economic growth, slightly less than average of advisors.

6. Business tax cut: Small business corporate income tax drops from 2.5 to 2.0 per cent, becoming the second lowest in the country.

7. Disability assistance rate increase, of $50 a month for more than 100,000 people, worth $199 million.

8. B.C. student loan interest cut down to prime rate.

9. Ministry of children and families receives $287 million — nearly half of which will help aboriginal children.

10. Dark clouds: Finance minister warns strong B.C. exports right now could be “a blip” depending on protectionism of U.S. President Donald Trump.

Just Posted

Surrey sisters have been missing for two weeks

‘Both police and family are concerned for these youths’ health and well-being’

Dispatch Delta firefighters to more medical calls: Jackson

Change in provincial protocol last year resulted in Delta Fire being sent to 836 fewer incidents

North Delta crime beat, week of Nov. 11

A selection of property crimes submitted weekly by the Delta Police Department

VIDEO: ‘Climate emergency’ is Oxford’s 2019 Word of the Year

Other words on the shortlist included ‘extinction,’ ‘climate denial’ and ‘eco-anxiety’

Canucks erupt with 5 power-play goals in win over Nashville

Vancouver ends three-game slide with 6-3 triumph over Predators

65-million-year-old triceratops makes its debut in Victoria

Dino Lab Inc. is excavating the fossilized remains of a 65-million-year-old dinosaur

B.C. widow suing health authority after ‘untreatable’ superbug killed her husband

New Public Agency Health report puts Canadian death toll at 5,400 in 2018

Changes to B.C. building code address secondary suites, energy efficiency

Housing Minister Selina Robinson says the changes will help create more affordable housing

Trudeau appears open to safer-opioid proposal in Vancouver: mayor

The city has applied for $6 million from Health Canada to allow for the safe distribution of diamorphine

Security guard at Kamloops music festival gets three years for sexually assaulting concertgoer

Shawn Christopher Gray walked the woman home after she became seperated from her friends, court heard

Most Read