Last week, B.C.'s Finance Minister Mike de Jong tabled a balanced budget that forecasts surpluses for the next three fiscal years. This is good news for British Columbia and good news for the construction industry.
Part of the government's plan to grow the economy is to invest in infrastructure over the next three years.
The construction industry should be pleased with this and the fact that this is the kind of budget that is good to see because it has stability, predictability and consistency.
Overall, Budget 2014 had no new surprise tax measures; however, the government did increase the threshold for the first-time homebuyers program to $475,000 from $425,000, which can save the purchaser up to $7,500 when buying a first home.