Medical, pension payments up in 2014

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

Medical Services Plan premiums go up four per cent effective Jan. 1

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

The B.C. government is increasing its Medical Services Plan premiums for the fifth straight year, by four per cent across the board. The Canadian Taxpayers’ Federation released its annual survey of tax and other payroll deductions Monday, calculating that MSP premiums in B.C. have risen 28 per cent since 2010.

Effective Jan. 1, the monthly health premium for a single person rises from $66.50 to $69.25. In 2014, families of two pay $125.50, up from $120.50, and families of three or more pay $138.50, up from $133.00.

Many full-time employees have their MSP premiums paid by their employer. People earning $30,000 or less are eligible for reduced premiums on a sliding scale, with premiums eliminated for those earning $22,000 a year or less.

The B.C. government has used the increased MSP revenues to offset the long-term growth of health care costs, which are approaching half of the total provincial budget.

Finance Minister Mike de Jong’s 2013 budget projected health spending to increase 2.3 per cent in the current fiscal year, 2.7 per cent in the year beginning April 1 and only 2.2 per cent the following year. The government’s critics called that unrealistic after years of increases of more than five per cent.

The CTF reports that Canada Pension Plan and Employment Insurance payments are also going up for many people, despite a federal government pledge to freeze EI premiums for three years.

In its New Year Tax Changes report, it calculates that maximum EI premiums will go up $23 in 2014, totalling $914 for the year.

The maximum employee Canada Pension Plan deduction, charged to those earning $52,500 or more, goes up $70 to $2,426. Employers match employee CPP payments dollar for dollar.

Just Posted

B.C. turns up the heat

Environment Canada has issued a special weather statement for most the province due to high temperatures

Skeena First Nations push for full closure of recreational fishery

Eight First Nations on the Skeena River watershed say DFO’s chinook restrictions isn’t enough

30 degrees and warmer forecasted with heat wave in B.C.

The weather could stay well into next week, according to Environment Canada

‘Daddy bonus’ common in B.C. workplaces, study finds

UBC researchers say dads don’t have to be number one in the office to get a raise

Family reunion almost 50 years in the making

Adopted Norwegian man finds his biological mother in Endako.

Homeless people living on ‘Surrey Strip’ move into modular housing

BC Housing says 160 homeless people are being moved into temporary Whalley suites from June 19 to 21

Port of Prince Rupert names Shaun Stevenson as new CEO

Stevenson has worked for the port for 21 years as vice president of trade development

Senate officially passes Canada’s marijuana legalization bill

Bill C-45 now moves to royal assent, which is the final step in the legislative process

Fake attempted abduction not funny to B.C. neighbourhood residents

Two teenage boys won’t face criminal charges after scaring girl

Mosquitoes out in full force already? Blame the weather

But a B.C. mosquito expert says the heat wave will help keep the pests at bay

Man pleads not guilty in 1987 slayings of B.C. couple

William Talbott of SeaTac was arraigned Tuesday in Snohomish County Superior Court

New GOP plan: Hold kids longer at border – but with parents

Move would ease rules that limit how much time minors can be held with their parents

Without a big data strategy, Canadians at risk of being ‘data cows’

Presentation said artificial intelligence could give Facebook and Amazon even more power

Five B.C. families stuck in Japan as Canada refuses visas for adopted babies

Lawyer points to change in American policy around adoptions from Japan

Most Read