Here's what will cost you more (or less) in B.C. in 2022 – Vancouver Sun

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New year, new rules, new rates.

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Here are a few changes that B.C. consumers can expect to see in 2022.

Sick leave

Paid sick leave will be standard for workers in B.C. beginning Jan. 1, with a minimum of five paid sick days each year . The province estimates one million workers, most of them at the bottom of the pay scale, currently get no sick leave.

Don’t chuck your milk jugs

Starting Feb. 1, B.C.’s beverage container deposit-refund system will expand to include milk containers — and containers for milk alternatives — putting them in the same category as pop bottles, beer cans and the like.

That means you’ll pay an extra 10 cents per container at the store. You can get your deposit back at your local bottle-return depot.

You’ll still be able to leave your milk jugs in the blue box, but you won’t get your deposit back.

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Note that the Environment Ministry has a five-year plan that will eventually add more items — electric-vehicle batteries, mattresses, medical sharps, compressed canisters such as propane canisters and fire extinguisher — to its Extended Producer Responsibility strategy, in which manufacturers, distributors and retailers are responsible for the life cycle of their products.

Electricity bills going down!

B.C. Hydro has applied to lower electricity rates by 1.4 per cent on April 1. If the B.C. Utilities Commission approves the request, that will save residential customers about $23 over a year. Commercial customers’ annual electricity costs will be reduced by $974 on average and industrial customers by $325,205.

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This is the second time in the past three years B.C. Hydro will decrease bills for its customers. Be forewarned, though: Hydro is requesting increases of 2.0 and 2.7 per cent in 2023 and 2024.

No change to minimum wage

There’s no change to the minimum wage scheduled for 2022. That’s noteworthy, as the rate has risen each June 1 since 2018, going from $11.35 an hour in 2017 to $15.20.

Ferry fares up

Under a deal that saw them get Safe Restart money from the provincial government last year, B.C. Ferries and B.C. Transit had their annual fare increases capped at 2.3 per cent through March 31, 2024.

Ferry fares will rise by an average of that amount across the fleet on April 1. No change to Victoria bus fares is scheduled, though.

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Transit fee hikes capped in Metro Vancouver

TransLink costs could go up again in 2022 but the increases are capped. Earlier this year, TransLink’s board of directors approved a 2.3-per-cent increase in fares , which came into effect on Canada Day. The cost of a one-zone Compass card trip for an adult rose to $2.45 from $2.40, while an adult monthly pass rose to $100.25 from $98.

TransLink was hoping to raise fares across the board by 4.6 per cent in 2021. However, TransLink then agreed not to increase fares in 2020 and not beyond 2.4 per cent a year until 2024 as part of a COVID-19 funding agreement with the provincial government.

No ICBC increase

It won’t be like 2021, when a new car-insurance model saw ICBC slash its premiums. Still, ICBC rates won’t go up until 2023 at the earliest.

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By the way, during the first four months of the new system, most customers who renewed their full personal auto insurance through ICBC saved an average of 28 per cent, or $496, compared to the previous year.

Fortis up

Fortis B.C. bills will rise nine per cent — about $8 a month, on average — effective Jan. 1. A factor is the rising price of natural gas over the past three months.

Carbon tax

The carbon tax will go up by $5 to $50 per tonne in April, adding about a penny a litre to the price at the gas pump.

The other part of the equation, the Climate Action Tax Credit, will see more money start flowing the other way July 1.

The credits are based on income, with low-income people benefiting the most. The maximum amount B.C. adults can receive each year will rise to $193.50 from $174. The rate will go from $51 to $56.50 per child.

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Property taxes

Across Metro Vancouver, property tax will go up by an average of 3.5 per cent, according to Kris Sims with the Canadian Taxpayers Federation.

In Vancouver, a bigger property tax increase of 6.35 per cent will go into effect, while in Surrey, average property taxes will increase by 2.9 per cent. Richmond will see a 3.86 per cent tax hike and Coquitlam will see an increase of 3.43 per cent.

New high-interest rules

B.C.’s consumer-protection rules governing instalment loans or lines of credit with an interest rate above 32 per cent will come into effect May 1.

The regulations, designed to protect people who resort to high-cost financial services to make ends meet, will ban certain fees and practices and establish borrowers’ rights.

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The rules will be in line with those for payday-loan companies.

Plastic ban coming

A ban on plastic bags in Vancouver will see businesses start to charge fees including $0.15 for paper bags, $1.00 for new reusable shopping bags and $0.25 for single-use cups on Jan. 1.

The city is requiring businesses to charge the fees to encourage consumers to avoid the fee and reduce waste by bringing their own shopping bags or cups.

With revenue amassed from the new costs, businesses are advised to invest in reusable alternatives such as dishwashers, reusable cup-share or “take-a-bag, leave-a-bag” programs.

– With files from Sarah Grochowski

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