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BC Ballot / How did my MLA vote? / Bill 5, 43rd Parliament, 1st Session

Budget Measures Implementation Act, 2025

Amends the Income Tax Act and other finance statutes to carry out the 2025 budget and extends the years in which deficits may be forecast.

A Budget Measures Implementation Act carries the tax and finance changes announced in a budget, here Budget 2025, into the statutes they touch. The largest measures: the speculation and vacancy tax rates rise from 2 to 3 percent and from 0.5 to 1 percent starting with the 2026 calendar year; film and television production credits grow, with an extra 5 percent basic credit for productions that start principal photography after December 31, 2024 and a new 2 percent credit for productions that hold a new class of certificate; the interactive digital media tax credit becomes permanent at 25 percent; and the Balanced Budget and Ministerial Accountability Act allows a forecast deficit through the 2027 to 2028 fiscal year.

Sponsor
Hon. Brenda Bailey, Minister of Finance
Subject
Supply and budget
Taxation
Became law
May 29, 2025
Full text
leg.bc.ca

2 votes on this bill

2
in the House

Passed second reading

, May 6, 2025. The vote was 89 to 0.

By party

Who voted for and against

For (89)

Against (0)

    Did not vote (4)

    The record names only who voted for and who voted against. It does not say why anyone is missing.

    Every division

    Divisions on Bill 5, May 6, 2025 to May 6, 2025.
    DateChamberStageForAgainstResultRecord
    May 6, 2025HouseAmendment at second reading4148DefeatedV&P Hansard
    May 6, 2025HouseSecond reading890PassedV&P Hansard

    Sources

    Conservative is the Conservative Party of British Columbia, the label the Legislative Assembly uses.