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B.C. budget 2024: Health-care promises, IVF treatment and a flipping tax [Video]

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It’s budget day in B.C. with Finance Minister Katrine Conroy forecasting a $7.9 billion deficit for this upcoming election year.

Budget highlights include an expansion of the BC Family Benefit and a new one-time Electricity Affordability credit for 2024, a beefed-up carbon tax rebate and an exemption on the property transfer tax for first-time homebuyers.

The province is also delivering on a key ask from the business community, by raising the payroll threshold for the Employer Health Tax.

Housing speculators are being targeted with a new house-flipping tax, which will be applied to profit on homes sold within two years of purchase.

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And in a surprise move, the province is making one round of in-vitro fertilization treatments free for people looking for help to have a child.

Health spending continues to be the province’s biggest area of spending, comprising more than a third of the operating budget and $1.62 billion in new program spending for …

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