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VICTORIA — Here are some of the key figures in British Columbia’s 2026 budget, delivered by Finance Minister Brenda Bailey on Tuesday.
5.6 per cent: The new income tax rate for the lowest tax bracket, for people with taxable earnings of up to $50,363.
$76: The increase in income tax for the average taxpayer in B.C.
60 per cent: Proportion of taxpayers who will be paying more as a result of the 2026 budget.
$13.3 billion: The record-high provincial deficit forecast for 2026.
$183 billion: Provincial debt forecast for fiscal 2026.
$235 billion: Provincial debt forecast for fiscal 2028.
15,000: Reduction of public service employees over the next three years.
$1.7 billion: Reduction in capital spending next fiscal year, compared to previous forecast.
This report by The Canadian Press was first published Feb. 17, 2026.
Canadian Press Staff, The Canadian Press
