Earlier, we noted the provincial government surtax on passenger vehicles priced over $49,000 would now only apply to cars and trucks valued at more than $55,000 - which means you can buy your BMW Z4 Roadsters and the Jaguar X-Types for a whole lot less. But, interestingly, this isn't the first time the Cambell administration has upped that surtax threshhold. In Finance Minister Colin Hansen's February 2005 budget, it increased from $47,000 to $49,000, costing taxpayers $5 million in annual revenue. And Gary Collins's July 2001 economic and fiscal update increased that threshhold from $32,000 to $47,000 at a cost of $40 million in revenue. Of course, it is entirely coincidental that the British Columbia Automobile Dealers Association (now the New Car Dealers Association of British Columbia) has contributed $391,269 to Liberal coffers since 1999, including a whopping $150,299 during the recent election.
February 27, 2006