B.C. budget: Here’s which taxes are increasing

B.C. government hikes school property tax, changes tax deferment rules

The Government of British Columbia is raising the School Tax on high-value homes and changing how school property tax rates are calculated.

B.C. raises income taxes and expands sales tax to address ballooning debt

In an effort to curb a ballooning provincial debt, B.C.’s 2026 budget announced significant changes to the tax system, with increases to income taxes and modifications to sales and property taxes.

B.C. budget: Here’s which taxes are increasing

This year’s budget makes some changes to British Columbia’s tax system, raising some rates in a move the province says is necessary to boost revenue and protect core services from cuts.

Higher school property tax rates in BC starting 2027

Tuesday February 17, 2026 | VICTORIA, BC by Mary P Brooke | Island Social Trends School tax rates will be increasing on residential properties valued over $3 million. This was announced today during the BC Budget 2026 presentation by the Finance Minister. The change will become effective for the 2027 tax year and will also […] The post Higher school property tax rates in BC starting 2027 appeared first on Island Social Trends.