Budget 2026 reveals difficult fiscal reality facing businesses
More than 170 people attended this morning’s Breakfast with BC’s Finance Minister — an annual tradition held the day after the provincial Budget is unveiled.
The gathering was the first chance for businesses to hear directly from Finance Minister Brenda Bailey and ask questions through Chamber CEO John Wilson.
“As always, we’re grateful that Minister Bailey agreed to meet with us, especially after delivering a budget that was difficult for business,” Chamber CEO John Wilson said. “I admire her for facing the music on behalf of a government whose decisions will culminate in a record $13.3-billion deficit next year.”
Regarding Budget 2026, the province’s fiscal reality raises concerns about business confidence, downtown recovery and long-term economic growth in the region.
The budget adds new taxes and costs, including an expanded PST on professional services, at a time when businesses are desperate for support.
“A strong business environment and a vibrant downtown are essential to creating jobs, generating tax revenue and funding the public services that people rely on,” Wilson said.
