David Eby, leader of the B.C. NDP, announced plans to introduce a new tax bracket for those earning over $1 million annually at a rate of 24.5%, while also increasing rates for the top two existing brackets by two percentage points each. The proposed changes aim to generate an estimated $1 billion in revenue to fund healthcare and lower costs, applying to less than four percent of earners. This announcement was made during his campaign ahead of the Oct. 24 election, with opponents arguing that such measures could negatively impact recruitment of doctors and specialists.
Written locally by qwen2.5:14b on 2026-10-05,
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same event (that is the story summary below).
Story summary
David Eby, leader of the British Columbia NDP, announced plans during his election campaign in Comox on Vancouver Island to introduce a new tax bracket for individuals earning over $1 million per year. If re-elected on October 24, this proposed tax would help fund healthcare services and would set rates at 24.5% for income above the threshold, an increase from the current highest rate of 20.5%. Additionally, Eby plans to hike the top two existing tax brackets by 2%, raising taxes on incomes between $190,504 and $265,545 to 18.8% and those above $265,545 but under $1 million to 22.5%. The NDP claims that less than 4% of earners would be affected by these changes.
Written for “Bc Millionaire Tax Promise” on 2026-10-05,
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Leaning: leans left for article 56747 (high confidence, 1 verified quote) · logged 2026-10-05
New tax on millionaires to fund health care in B.C., promises NDP Leader Eby
The top two tax brackets would see a rate hike in addition to a new tax bracket
B.C. NDP Leader David Eby is promising to tax people earning $1 million or more at a rate of 24.5 per cent if re-elected, with the revenue to help fund health care.
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Eby → fund → care
In a Sunday press release, the B.C. NDP said that only the top two tax brackets would see rates rise by two percentage points, while brackets below that would go unchanged.
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brackets → say → that
Right now, those who make $1 million or more a year are taxed at a rate of 20.5 per cent, the highest tax bracket in B.C.
But the new $1-million income tax bracket Eby is proposing would see a four-per-cent-increase to the current top income tax bracket of $265,545 and higher.
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Eby → make → 265,545
That would mean, if re-elected, incomes of $190,504 to $265,545 and $265,545 to $1-million would be bumped up to 18.8 per cent and 22.5 per cent, respectively.
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incomes → mean → cent
Anyone earning over $1 million annually would pay a 24.5 per cent tax rate on every dollar above that threshold.
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Anyone → earn → threshold
According to the party, the changes would apply to less than four per cent of earners and only to income earned over each tax bracket.
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changes → accord → bracket
The party also said Eby's proposed changes to would bring in an estimated $1 billion in revenue to "fund healthcare and lower costs.
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changes → say → costs
"
"As we face an unprecedented attack on our economy and rising costs for working families, we’ll ask the wealthiest to chip in a little more," said Eby in a press release.
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Eby → face → release
The leader made the announcement Sunday, while campaigning in Comox on Vancouver Island, after he toured ridings in southern British Columbia ahead of the Oct. 24 election day.
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he → make → day
In response, the B.C. Conservatives said in a statement that the NDP plan would mean taxing the doctors and specialists every community is fighting to recruit, and would drive doctors out of the province.
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community → say → province
"There is no problem the NDP don't think can be fixed by raising your taxes," the statement said.
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statement → be → taxes
The Conservatives have campaigned on a promise of never raising taxes.
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Conservatives → campaign → taxes
B.C. Greens Leader Emily Lowan said taxing the incomes of B.C.'s most wealthy misses the point because most of the ultra-wealthy don't get rich on paychequaes.
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most → say → paychequaes
Rather, she said their fortunes grow in stocks and real estate.
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fortunes → say → stocks
"His plan doesn't touch a cent of that," she said in a statement.
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she → touch → statement
The New Democrats' proposal comes after Eby said his government would introduce price guards for certain groceries, as well as gasoline and diesel, while temporarily lowering the provincial motor fuel tax by 10 cents per litre.
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government → come → litre
Eby said during the early phases of the campaign that his party would introduce a new tax on empty condominiums and lift the speculation and vacancy tax.
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party → say → tax
But Peter Milobar, B.C. Conservative Party candidate for Kamloops Centre, criticized the B.C. NDP leader Saturday for promises he made in the 2024 election that he says went unfulfilled.
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he → criticize → election
He pointed to the 2024 campaign promise of giving families a rebate of $1,000 a year for groceries, before cancelling it in order to "find dollars" amid U.S. trade relations instability.
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He → point → instability
"These are serious times, and families need strong leadership, not a premier who treats promises like campaign props," said Milobar.
With files from The Canadian Press
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Milobar → need → Press
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