Tri-City News March 16 2018

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BUILDING GOES BOOM

GOVERNMENT

MSP rule will cost Cities on the hook for extra money starting next year JaniS Cleugh

The Tri-CiTy News

MARIO BARTEL/THE TRI-CITY NEWS

Onni is already marketing its final project in its Suter Brook development in Port Moody. On Tuesday, PoMo council approved a request by the development company to amend its land use contract so it could add a second condo tower to the project. A six-storey building comprised of 76 rental units will also be built. See story, page 10.

BIG BUILDINGS Concert’s Burquitlam plan takes another step: page 3

A new Employer Health Tax that will pay for the provincial government’s scrapping of Medical Services Plan premiums will result in a $1.5-million bill for Tri-City taxpayers. Starting Jan. 1, 2020, the province will introduce the full tax to offset the elimination of the MSP levies, meaning employers with payrolls totalling more than $1.5 million annually — including the cities of Coquitlam, Port Coquitlam and Port Moody — will face a 1.95% hit to their bottom lines; payrolls between $500,000 and $1.5 million, like those of the villages of Anmore and Belcarra, will get a reduced rate. see MSP CHANGE, page 8

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