2010 British Columbia Budget Impact Paper

This paper was prepared by the Compensation Sector, Accounting, Banking and Compensation Branch, Public Works and Government Services Canada (PWGSC). It should be noted that this document is not all encompassing. Employees may find this document informative from a personal perspective.

The following item, which is relative to the compensation product, was introduced in the British Columbia budget that was presented by the Honourable Colin Hansen, Minister of Finance for the Government of British Columbia on March 2, 2010.

ITEM AFFECTING PWGSC COMPENSATION SYSTEMS

Medical Services Plan Premiums

Effective January 1, 2011, the Medical Services Plan (MSP) premiums will be increasing as follows:

Current MSP Premiums	Proposed MSP premiums effective January 1, 2011
$57 for one person	$60.50 for one person
$102 for a family of two	$109 for a family of two
$114 for a family of three or more	$121 for a family of three or more

Impact: PWGSC compensation systems will be programmed to reflect this change effective January 2011. Information concerning this change will be communicated to employees paid through the Regional Pay System (RPS) and the Royal Canadian Mounted Police (RCMP) Pay System. Pension systems will also be programmed to reflect this change.

ITEM OF INTEREST

The Budget reconfirms the introduction of the Harmonized Sales Tax (HST) effective July 1, 2010.

Impact: This will impact the purchasing on goods and services in the province of British Columbia.

To review the 2010 British Columbia budget documents, please visit this site:

Budget 2010