On 18 February 2014, British Columbia’s Finance Minister delivered the province’s 2014 budget. The British Columbia 2014 budget:
- Does not propose any general corporate or individual (personal) income tax rate changes;
- Would extend the British Columbia scientific research and experimental development (SR&ED) tax credit for an additional three years;
- Proposes a two-tier tax on income from liquefaction of natural gas; and
- Would phase out the provincial preferential income tax treatment for credit unions.
