In the month of December people in B.C. will receive their last Medical Service Plan (MSP) premium.
The goal by the B.C. government is to make life more affordable and put money back in the pockets of people. Government took the first steps in 2017 towards eliminating the premium. The budgets in 2018 and 2019 then provided a road map to the full elimination of MSP premiums.
The elimination of MSP premiums represents a net tax cut of $800 million. Individuals will save up to $900 a year. Families will save up to $1,800 a year.
