Join the West Vancouver Chamber of Commerce morning meeting for a discussion on the new health tax
with local MLAs Ralph Sultan, MLA West Vancouver – Capilano and Jordan Sturdy, MLA, West Vancouver – Sea to Sky
Tuesday, June 12th, 2018
7:00 am to 9:00 am
PARC Education Centre
2225 Marine Drive, West Vancouver
Free admission but RSVP is required
or call 604-926-661 4
Muffins/coffee will be served.
BC Budget 2018 will eliminate Medical Service Plan (MSP) premiums effective Jan. 1, 2020; the Province is replacing the revenues from MSP premiums with an employer health tax. This new payroll tax is to come into effect Jan. 1, 2019 with the following rate structure:
- Businesses with a payroll of more than $1.5 million will pay a rate of 1.95% on their total payroll.
- Businesses with a payroll between $500,000 and $1.5 million will pay a reduced tax rate.
- Businesses with a payroll under $500,000 will not pay the tax.