B.C. Finance Minister Mike de Jong announced the 2017 provincial budget Tuesday in Victoria.

B.C. BUDGET: Top 10 things to know

The 2017/18 B.C. budget bring cuts to MSP premiums, a proposed PST break for business, and increases in public education funding.

Here’s a look at the highlights from the B.C. budget announced Tuesday by Finance Minister Mike de Jong:

1. MSP premium cut: Savings of up to $900 a year for families paying the maximum premium. See more >

2. Education: $740 million over three years for K-12 schools. See more >

3. PST proposed to be taken off business electricity bills. See more >

4. Housing: First-time buyers exemption from transfer tax rises to $500,000. See more >

5. Growth: A forecast of 2.1 per cent economic growth, slightly less than average of advisors.

6. Business tax cut: Small business corporate income tax drops from 2.5 to 2.0 per cent, becoming the second lowest in the country.

7. Disability assistance rate increase, of $50 a month for more than 100,000 people, worth $199 million.

8. B.C. student loan interest cut down to prime rate.

9. Ministry of children and families receives $287 million — nearly half of which will help aboriginal children.

10. Dark clouds: Finance minister warns strong B.C. exports right now could be “a blip” depending on protectionism of U.S. President Donald Trump.

Just Posted

Victoria Drum Fest continues to attract topnotch international talent

Festival founder Murray Creed expects 10th anniversary event May 26 will be the best yet

MATHIEU POIRIER: New Island brewery tour book a great resource for beer fans

Learn some of the background of local breweries in Island Craft, by Jon C. Stott

Choir offers a capella take on Beatles hits

Soundings will perform concerts in Oak Bay and Sidney May 24 and 25

Canadiana complete when Murray McLauchlan’s in the house

Legendary singer/songwriter brings his folksy talents to the McPherson on June 13

Van Isle Comic Con swings into Sidney in June

Convention lists animators, actors as guests, variety of cosplay prizes to be won

VIDEO: Royal BC Museum unveiling rare artifacts in upcoming Maya exhibit

La Corona Altar 5 depicts story of king and dynasties

Special Report: Front line work by caring emergency doctors

Dr. Jason Wale uses unique program to help people with addictions in Greater Victoria

Action on climate change a moral commitment: author

Dahr Jamail to speak in Sooke on June 4

Put your love of reading to good use June 1

Bolen Books hosting Summer Readathon to help the Victoria Literacy Connection

Opioid Crisis Special Report: Hidden demographic served by West Shore clinic

AIDS Vancouver Island-run clinic provides opioid agonist treatment to almost 200 people

Most Read