Province boosts spending to counter U.S. trade pressure
Premier signals spending shift as province braces for economic impact of trade war
Province proposes increasing tax credit rate to 15% from 10%
Government says it will defer select provincially administered taxes for six months from April 1 to Oct. 1
The government also proposed amendments to support a permanent target-benefit pension framework
Proposal was part of the province's fall economic statement on Thursday
Budget items include an expanded Guaranteed Annual Income System and a promise to review tax system
Both housing prices and the number of home sales have grown in the past year
A major promise from the 2018 election that has not been fulfilled is a pledge to cut income taxes by 20% for the second income-tax bracket
The province is putting an additional $2.2 billion toward Covid-19 spending