Years ago, on a visit to New York City, I saw a great deal on a camera in a Times Square retail store window … only $149.99 US for a camera that sold for about $200 (Cdn) back home. (And that was when our dollar was close to par.)
WOW! I wanted it … but when I went into the store, I found out that while the camera was indeed $149.99 …it was NOT sold without the case, which was $89 extra … a package deal … plus, of course, additional city, state, maybe even (can’t remember) federal tax …yada, yada, yada.
It was a scam … the price shown in the window revealing only PART of the entire picture …. something apparently many Times Square retailers engaged in (maybe still do?).
Just like the scam now being carried out by the BC Liberal provincial government.
The Liberals LOVE to tell you … and the investment world … how LOW our TAXES are.
Unfortunately, you can’t get that deal … if you live here … without buying the rest of the package.
And adding those extra costs on to your “low” provincial income taxes will cost you plenty … MUCH more than they advertise!
Just this week, ICBC announced yet another price hike for MANDATORY basic coverage: 4.9% … on top of another 5.5% increase last year … and, if you drive, no way to avoid it.
I don’t know about you …but I surmise whether you are employed or on pension ..YOUR income has NOT come close to rising that much over the past two years!
ICBC blames rising costs related to accidents, injuries, claims.
But don’t forget: the BC government … like an organized crime syndicate … has also shaken down ICBC for more than HALF A BILLION DOLLARS since 2012 in “dividends”. Vito Corleone would have smiled at that!
Let’s face it, that “dividend” is just another tax.
This year …nothing to do with the coming election, I’m sure … the BC government says it will forego its $160 million “dividend” from ICBC. Are we really supposed to be grateful? I wonder if re-elected, they’ll make up for that next year …and the year after …and the year after?
And ICBC is not the BC Liberal government’s only EXTRA tax/income source from helpless taxpayers.
Don’t forget, in 2013 BC Hydro also announced prices would increase 28% over five years…beginning with a 9% increase in 2014 alone. Read about their plan here: http://www.cbc.ca/news/canada/british-columbia/bc-hydro-rates-to-increase-28-per-cent-over-5-years-1.2440437.
Hydro received approval for a 4% increase last April; now wants another 3.5% next year; and, a further 3% the following year. And I;m sure that will NOT be the end of it for even a while.
Just another tax increase under the BC Liberals.
And readers of this blog will recall how I have railed against a HUGE BC Liberal ripoff of taxpayers with its most unequal, unfair TAX … MSP premiums for individuals and families …. the ONLY province that still has this antiquated head tax that barely takes into account the gap between low, medium and high … and even millionaire … wage earners.
The MSP system the Liberals refuse to do away with is a disgrace in itself: and when combined with all the other “taxes” added to each British Columbian’s tax burden, it’s just part of an overall SCAM … the BC Liberals’ own three-card-Monte scheme, a game ordinary taxpayers can never win.
And most British Columbians haven’t got a clue about HOW MUCH the PROVINCIAL TAXES add up to in a single litre of gasoline.
Better sit down.
In the South Coastal area, the Provincial Motor Fuel Tax is 1.75 cents a litre …but that’s just the start. There’s also a 17 cents per litre TransLink Tax; a 6.75 cent Transportation Financing Authority Tax; and a 6.67 per litre Carbon Tax … TOTAL PROVINCIALLY IMPOSED TAXES of a whopping 32.17 cents PER LITRE! Plus GST, of course.
And how many other “fees” have been increased … without being factored into the “low taxes” total!
I hope you get the picture … even without a Times Square camera!
Setting aside any bias against the Fraser Institute for its conservative leanings, it’s interesting to read a report they issued just last week … https://www.fraserinstitute.org/article/total-tax-bill-average-canadian-family-has-increased-1600-percent-1961 …. especially in light of the disguised taxes the BC Liberals have added onto residents this year.
“The total tax bill of the average Canadian family has increased by 1,600 percent since 1961, according to a new book, Tax Facts 14″ wrote economist Niels Veldhuis. “That translated into an additional $26,792 in taxes for the average Canadian family”.
And there was this …most interesting for us:
“Alberta has the lowest average tax rate (44.5 percent) among the provinces followed by New Brunswick and Prince Edward Island (44.9 percent) and Nova Scotia (45.0). Quebec (51.0 percent) and British Columbia (49.1 percent) impose the heaviest tax burdens.”
And NO ONE could dare argue the Fraser Institute is anti-BC Liberals and just trying to prop up the NDP!
It’s all part of the ever-increasing tax burden being loaded onto BC residents (offshore investors/corporations can avoid many of them).
So when any BC government mouthpiece … elected, appointed, corporate or media … tells you BC income taxes are among the lowest in Canada … ask them if the camera case is extra!
(P.S. You can hear more on this topic in an interview Talk Digital Radio did with me Tuesday: https://www.youtube.com/watch?v=ZRq4ccZ_4cs&feature=youtu.be )