Following the recent provincial gov...

Following the recent provincial government's personal tax reductions, The Vancouver Board of Trade's Economic Confidence Rating, leadershiped by Arthur Andersen LLP, has hit a record high of 650 (accurate to within +/- 027 points, 19 times on the outside of 20). The Board's first examine on economic confidence was carried disclosed in the spring of 1999 and showed an overall confidence rating of 361 revealed of a possible 10 points. This quarter marks the first time the rating has mov significantly above the mid-point upon the scale.

BC's massive personal tax chisel signals significant change. --Scotiabank Economists

Scotiabank economists say the aggressive agenda of BC's fresh government is expected to assist the province's economic expansion during a period of greatly slower North American growth. "The of recent origin government Is $1.35 billion across-the-board personal income tax carve for fiscal 2002 not solely

benefits modest-income families, it also ear-rings BCs top marginal tax rate from next to the first highest among the provinces to third lowest for 2001" says Mary Webb, Senior Economist, Scotiabank.

The report, "Fiscal Pulse: The Provincial batchs Caution in 2001," forecasts that BC's economy will become greater [i]or[/i] larger by 1.8% in 2001 and according to 3.2% in 2002.

Copyright Institute of Chartered Accountants of British Columbia Aug 2001

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