VANCOUVER, B.C.: The Canadian Taxpayers Federation is releasing a report highlighting the higher taxes that British Columbians and Canadians will pay in 2025. 

“British Columbians are already struggling to make ends meet and the federal and provincial governments are going to make things even harder in 2025 by hiking taxes,” said Carson Binda, B.C. Director for the CTF. “Prime Minister Justin Trudeau and Premier David Eby should cut the taxes instead of adding to the burden even more in 2025.” 

All Canadian workers making more than $64,000 will pay more towards federal income taxes and payroll taxes in 2025. Workers making $81,200 or more will pay $405 more towards payroll and income taxes in 2025 compared to 2024. 

The federal government is also hiking alcohol taxes by two per cent in April. The federal capital gains tax increase, unveiled in the most recent federal budget, will cost taxpayers $3.4 billion next year. The federal government’s online streaming tax will cost $200 million, while the new digital services tax will cost taxpayers $1.2 billion, according to the Parliamentary Budget Officer. 

“Trudeau is choosing to make life even harder for taxpayers to pay for costly political gimmicks,” Binda said. “Even his own finance minister and deputy prime minister recognizes that taxpayers can’t afford Trudeau’s bad budgeting.” 

Taxpayers in B.C. are also being hit with a slew of tax hikes from the Eby government.

Eby is hiking the carbon tax on April 1. Right now, British Columbians pay about $11 per minivan fill up in carbon tax and that will go up to about $14 in 2025. The carbon tax on home heating will cost the average B.C. family $415 in 2025. 

The B.C. government's new home flipping tax will kick-in on Jan. 1. British Columbians who sell their home after less than 730 days will pay taxes on any income made from selling the property. 

“Trudeau and Eby need to make life more affordable by cutting taxes,” Binda said. “Instead, they’re taking more money out of your pockets and leaving you worse off.”