SURREY, B.C. - The BC NDP has released the full costing for David Eby’s platform, nine days before the October 24 provincial vote. New commitments would be paid for mainly by higher income taxes on the top 3.88 per cent of earners, which the party says leaves more than 96 per cent of British Columbians paying no tax increase.
The party projects deficits of $13.8 billion this year, $12.7 billion next year and $11.7 billion in 2028-29, roughly $2 billion lower over two years than the province’s current forecast. On the spending side, the platform promises $2.8 billion in new capital over five years, mostly for health care and transit, a renters’ tax credit raised to $600, and a $50 million youth hiring tax credit.
The tax changes, announced October 4, would raise the two top provincial brackets by two percentage points and add a new 24.5 per cent rate on taxable income above $1 million, beginning in the 2027 tax year. The NDP says revenue would build in phases, about $225 million in 2026/27, $925 million in 2027/28 and roughly $1 billion in 2028/29. The higher rates would apply only to the income inside each bracket, not to a person’s whole income.
Eby contrasted the plan with the BC Conservatives, whose promises the NDP says would blow a $5 billion hole in the budget through uncosted commitments. The Conservatives have not released their own costing. “We’re being upfront about how we pay for our plan,” Eby said in the October 14 release. “We’ll ask those at the top to chip in a bit more.”
Surrey’s swing ridings, including Surrey City Centre and Surrey-Guildford, are expected to help decide the October 24 result.
(Source: BC NDP media release, October 14, 2026)
Advertisements
