Kim G C Moody(@KimGCMoody):UPDATE: We now have the rate details. And this is much broader than the “millionaires’ tax” initially advertised. The proposed B.C. provincial rates would increase: • 16.8% → 18.8% on taxable income from $190,405 to $265,545 • 20.5% → 22.5% from $265,545 to $1 million • A new 24.5% rate above $1 million That means the combined federal/B.C. top marginal rate would become an astonishing 57.5%. And notice where the tax increases actually begin: roughly $190,000, not $1 million. So much for simply asking “millionaires” to pitch in a little more. I’ll have much more to say about this.

2026.10.05 01:31

UPDATE: We now have the rate details. And this is much broader than the “millionaires’ tax” initially advertised. The proposed B.C. provincial rates would increase: • 16.8% → 18.8% on taxable income from $190,405 to $265,545 • 20.5% → 22.5% from $265,545 to $1 million • A new 24.5% rate above $1 million That means the combined federal/B.C. top marginal rate would become an astonishing 57.5%. And notice where the tax increases actually begin: roughly $190,000, not $1 million. So much for simply asking “millionaires” to pitch in a little more. I’ll have much more to say about this.

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