B.C. Minister of Finance Brenda Bailey tables the provincial budget as Premier David Eby looks on in the assembly at legislature in Victoria on Feb. 17, 2026. The Canadian Press/Chad Hipolito
B.C.’s new budget proposes raising taxes on the lowest income bracket and postponing several large capital projects, with the provincial deficit projected to rise to a record $13.3 billion in the upcoming fiscal year.
This falls short of the provincial government’s previously stated goal of cutting the deficit in the near term.
