Health-care premium hike hits B.C. taxpayers

Increases in Medical Services Premium, Employment Insurance, Canada Pension Plan on menu for 2013

As British Columbians embrace the new year, they’ll be greeted with increases in health care deductions.

For the fourth year in a row, the provincial government is raising the monthly Medical Services Plan (MSP) premiums from $128 to $133 per family, or an extra $60 a year. However, only those making more than $30,000 a year will be affected.

“Nearly every British Columbian will be paying more in 2013, further cutting our purchasing power and ability to save,” said Jordan Bateman, regional director of the Canadian Taxpayer Federation.

MSP premiums are a tax that virtually every Canadian pays, except in cases where employers pay for their employees, he said.

“The MSP is a grossly unfair, regressive tax,” Bateman said. “If you make $30,001 a year, or $3 million a year, you pay the same $133 a month. MSP is for the little people who don’t work for government.”

MSP charges have increased 24 per cent over the past three years, accruing an extra $300 in annual cost to taxpayers.

“It’s not tied to your income, that’s the worst part,” Bateman said.

Some Canadians will also be faced with increases in Employment Insurance and Canada Pension Plan deductions.

For those earning $47,400 or higher, EI premiums increase by $51.50 to a maximum of $891.12 per year. Employers will pay $1,247.57 annually, a hike of $71.61.

Workers making $51,100 or more will pay the maximum $2,356.20 for CPP, up by $49.50, while the employer’s share jumps by the same amount to a total of $4,712.40.

reporter@vicnews.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

When crisis hits: How West Shore RCMP have dealt with the pandemic

More front-line officers on road in mobile offices

Sidney staff recommends additional outdoor seating for restaurants and cafes

Report before council also leaves open possibility of closing a portion of Beacon Avenue

French fries to juicy tomatoes, rock art brings joy to walkers in Victoria

James Bay yard filled with painted rocks delights all ages

‘Depression-era’ unemployment figures could hit Greater Victoria

South Island Prosperity Project launches new dashboard to measure effects of COVID-19

Langford bartender hosts singalong livestream for seniors

Live Senior Singalong takes place daily at 1 p.m. on Facebook

LIVE: Procession to honour Snowbirds Capt. Jennifer Casey comes to Halifax

Snowbirds service member died in a crash in Kamloops one week ago

RCMP facing ‘systemic sustainability challenges’ due to provincial policing role

Provinces, territories and municipalities pay anywhere from 70 to 90 per cent of the cost of the RCMP’s services

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

One man dead after standoff with Chilliwack RCMP

The Independent Investigations Office of B.C. is investigating the RCMP’s role in the death

B.C. employers worry about safety, cash flow, second wave in COVID-19 restart

A survey found 75 per cent of businesses worry about attracting customers

Ex-BC Greens leader Andrew Weaver says province came close to early election

Disagreement centred on the LNG Canada project in northern B.C.

Canada’s NHL teams offer options to season-ticket holders

Canadian teams are offering refunds, but also are pushing a number of incentives to let them keep the money

B.C. premier says lessons to learn from past racism during response to pandemic

B.C. formally apologized in the legislature chamber in 2008 for its role in the Komagata Maru tragedy

Snowbirds to remain at Kamloops Airport indefinitely after fatal crash

small contingent of the Snowbirds team is staying in Kamloops, acting as stewards of the jets

Most Read