# EDGAR Filing Document

**Accession Number:** 0000836136
**File Stem:** 0001104659-26-018076
**Filing Date:** 2026-2
**Character Count:** 1427431
**Document Hash:** 57e6d1b7570c244403054c774023f6d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-018076.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001104659-26-018076

**CONFORMED SUBMISSION TYPE**: 18-K/A

**PUBLIC DOCUMENT COUNT**: 44

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROVINCE OF BRITISH COLUMBIA
- **CENTRAL INDEX KEY:** 0000836136
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 18-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-82846
- **FILM NUMBER:** 26658691

**BUSINESS ADDRESS:**
- **STREET 1:** MINISTRY OF FINANCE
- **STREET 2:** 620 SUPERIOR STREET
- **CITY:** VICTORIA
- **STATE:** A1
- **ZIP:** V8V 1X4
- **BUSINESS PHONE:** (778) 698 5906

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 9423 STN PROV GOVT
- **STREET 2:** C/O PROVINCIAL TREASURY, DEBT MANAGEMENT
- **CITY:** VICTORIA
- **STATE:** A1
- **ZIP:** V8W 9V1

**FORM 18-K/A**

For Foreign Governments and Political Subdivisions Thereof

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington** **, D.C. 20549**

**AMENDMENT NO. 2 TO**

**ANNUAL REPORT**

**of**

**PROVINCE OF BRITISH COLUMBIA**

**(Canada)**

**(Name of Registrant)**

Date of end of fiscal year to which the Annual Report relates: March 31, 2025

SECURITIES REGISTERED\*

(As of the close of the fiscal year)

---

| | | |
|:---|:---|:---|
| Title of Issue | Amounts as to Which<br> Registration is Effective | Names of Exchanges<br> on Which Registered |

---

---

| | | |
|:---|:---|:---|
| N/A | N/A | N/A |

---

***Names and addresses of persons authorized to receive notices and***

***communications from the Securities and Exchange Commission:***

Tom Clark

Consul General of Canada

466 Lexington Avenue, 20<sup>th</sup> Floor

New York, New York 10017

*Copies to*

---

| | |
|:---|:---|
| Jason R. Lehner | Ministry of Finance |
| A&O Shearman | Provincial Treasury |
| Commerce Court West | Debt Management Branch |
| 199 Bay Street<br> Suite 4405 | 620 Superior Street<br> P.O. Box 9423, Stn Prov Govt |
| Toronto, Ontario<br> M5L 1E8<br> (416) 360-2974 | Victoria, British Columbia<br> V8W 9V1<br> (778) 698-5908 |

---

\*The Registrant is filing this amendment to its annual report on a voluntary basis.

**PROVINCE** **OF BRITISH COLUMBIA**

The undersigned registrant hereby amends the following items, financial statements, exhibits or other portions of its Annual Report (the "Annual Report") for the fiscal year ended March 31, 2025 on Form 18-K as set forth below:

The following additional exhibits are added to the Annual Report:

---

| | |
|:---|:---|
| [Exhibit 99.5](tm265823d1_ex99-5.htm) | [Budget and Fiscal Plan 2026/27 – 2028/29](tm265823d1_ex99-5.htm) |
| [Exhibit 99.6](tm265823d1_ex99-6.htm) | [Estimates, Fiscal Year Ending March 31, 2027](tm265823d1_ex99-6.htm) |
| [Exhibit 99.7](tm265823d1_ex99-7.htm) | [Supplement to the Estimates, Fiscal Year Ending March 31, 2027](tm265823d1_ex99-7.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the *Securities Exchange Act of 1934*, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized, at Victoria, British Columbia, Canada, on the 20th day of February, 2026.

---

| | |
|:---|:---|
| PROVINCE OF BRITISH COLUMBIA | PROVINCE OF BRITISH COLUMBIA |
| (Name of registrant) | (Name of registrant) |
| By: | /s/ Sam Myers |
| Name: | Sam Myers |
| Title: | Executive Director, |
|  | Debt Management Branch |
|  | Provincial Treasury |
|  | Ministry of Finance |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| [Exhibit 99.5](tm265823d1_ex99-5.htm) | [Budget and Fiscal Plan 2026/27 – 2028/29](tm265823d1_ex99-5.htm) |
| [Exhibit 99.6](tm265823d1_ex99-6.htm) | [Estimates, Fiscal Year Ending March 31, 2027](tm265823d1_ex99-6.htm) |
| [Exhibit 99.7](tm265823d1_ex99-7.htm) | [Supplement to the Estimates, Fiscal Year Ending March 31, 2027](tm265823d1_ex99-7.htm) |

---

## Exhibit 99.5

**Exhibit 99.5**

![](tm265823d1_ex99-5sp1img01.jpg)

**This page intentionally left blank.**

Budget and Fiscal Plan

2026/27 – 2028/29

February 17, 2026

![](tm265823d1_ex99-5sp1img02.jpg)

---

| |
|:---|
| National Library of Canada Cataloguing in Publication Data |
| British Columbia. |
| Budget and fiscal plan. –- 2002/03/2004/05- |
| Annual |
| Also available on the Internet. |
| Continues: British Columbia. Ministry of Finance and |
| Corporate Relations. Budget ... reports. ISSN 1207-5841 |
| ISSN 1705-6071 = Budget and fiscal plan — British Columbia. |
| 1. Budget — British Columbia — Periodicals. 2. British |
| Columbia — Appropriations and expenditures — Periodicals. |
| I. British Columbia. Ministry of Finance. II. Title. |
| HJ12.B742 352.48'09711'05 C2003-960048-3 |

---

---

| | |
|:---|:---|
| **BUDGET AND FISCAL PLAN 2026/27 to 2028/29** |  |
| **February 17, 2026** | **TABLE OF CONTENTS** |

---

---

| | | |
|:---|:---|:---|
| **Attestation by the Secretary to Treasury Board** | **Attestation by the Secretary to Treasury Board** |  |
| **Summary** | **Summary** | 1 |
| **Part 1: Three Year Fiscal Plan** | **Part 1: Three Year Fiscal Plan** |  |
| Introduction | Introduction | 7 |
| Expense | Expense | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund Spending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund Spending | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecting the Services People Rely On | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protecting the Services People Rely On | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing in Economic Growth and Security | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing in Economic Growth and Security | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Making Neighbourhoods and Communities Safer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Making Neighbourhoods and Communities Safer | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Public Service | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Public Service | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spending Recovered from Third Parties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spending Recovered from Third Parties | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers to Service Delivery Agencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers to Service Delivery Agencies | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Delivery Agency Spending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Delivery Agency Spending | 36 |
| Revenue | Revenue | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Major Revenue Sources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Major Revenue Sources | 42 |
| Capital Spending | Capital Spending | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-Supported Capital Spending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-Supported Capital Spending | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Projects Over $50 Million | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Projects Over $50 Million | 56 |
| Provincial Debt | Provincial Debt | 71 |
| Risks to the Fiscal Plan | Risks to the Fiscal Plan | 74 |
| Topic Boxes: | Topic Boxes: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Health Care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Health Care | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenditure Management and Efficiency Review | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenditure Management and Efficiency Review | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Look West: Jobs and Prosperity for a Strong B.C. and Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Look West: Jobs and Prosperity for a Strong B.C. and Canada | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Clean Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Clean Energy | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Building a Secure and Sustainable B.C. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Building a Secure and Sustainable B.C. | 66 |
| Tables: | Tables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 | &nbsp;&nbsp;&nbsp;&nbsp;Three Year Fiscal Plan | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1 | &nbsp;&nbsp;&nbsp;&nbsp; Protecting Core Services People Rely On | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2 | &nbsp;&nbsp;&nbsp;&nbsp;Investments in the Health Care System | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3 | &nbsp;&nbsp;&nbsp;&nbsp;Children and Youth with Supports Needs Redesign | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4 | &nbsp;&nbsp;&nbsp;&nbsp; Skilled Workforce Investments | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.5 | &nbsp;&nbsp;&nbsp;&nbsp;Making Neighbourhoods and Communities Safer | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 | &nbsp;&nbsp;&nbsp;&nbsp;Expense by Ministry, Program and Agency | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 | &nbsp;&nbsp;&nbsp;&nbsp;Revenue by Source | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.1 | &nbsp;&nbsp;&nbsp;&nbsp;Comparison of Major Factors Underlying Revenue | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.2 | &nbsp;&nbsp;&nbsp;&nbsp; Provincial Income Tax Revenue | 42 |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 \| i <br>

**Table of Contents**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.3 | &nbsp;&nbsp;&nbsp;&nbsp;Corporate Income Tax Revenue | 42.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.4 | &nbsp;&nbsp;&nbsp;&nbsp;Sales Tax Revenue | 43.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.5 | &nbsp;&nbsp;&nbsp;&nbsp;Federal Government Contributions | 46.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 | &nbsp;&nbsp;&nbsp;&nbsp;Capital Spending | 49.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 | &nbsp;&nbsp;&nbsp;&nbsp;Provincial Transportation Investments | 54.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 | &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditure Projects Greater Than $50 Million | 60.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 | &nbsp;&nbsp;&nbsp;&nbsp;Provincial Debt Summary | 71.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;&nbsp;Provincial Borrowing Requirements | 73.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;Provincial Debt Changes | 73.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;Key Fiscal Sensitivities | 74.0 |
| **Part 2: Tax Measures** | **Part 2: Tax Measures** |  |
| B.C. Tax Updates | B.C. Tax Updates | 80.0 |
| Tax Measures – Supplementary Information | Tax Measures – Supplementary Information | 81.0 |
| Tables: | Tables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 | &nbsp;&nbsp;&nbsp;&nbsp;Summary of Tax Measures | 79.0 |

---

ii \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

**Table of Contents**

---

| | | |
|:---|:---|:---|
| **Part 3: British Columbia Economic Review and Outlook** | **Part 3: British Columbia Economic Review and Outlook** |  |
| Summary | Summary | 89.0 |
| British Columbia Economic Activity and Outlook | British Columbia Economic Activity and Outlook | 90.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Tariff Assumptions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Tariff Assumptions | 91.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labour Market | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labour Market | 92.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demographics | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demographics | 93.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Spending and Inflation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Spending and Inflation | 94.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing | 97.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business and Government | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business and Government | 99.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;External Trade and Commodity Markets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;External Trade and Commodity Markets | 101.0 |
| Risks to the Economic Outlook | Risks to the Economic Outlook | 103.0 |
| External Outlook | External Outlook | 104.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | 104.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 107.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asia | 109.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Europe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Europe | 110.0 |
| Financial Markets | Financial Markets | 111.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Rates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Rates | 111.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange Rate | 112.0 |
| Tables: | Tables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 | &nbsp;&nbsp;&nbsp;&nbsp; British Columbia Economic Indicators | 90.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 | &nbsp;&nbsp;&nbsp;&nbsp;Canadian Real GDP Forecast: Consensus versus B.C. Ministry of Finance | 106.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Real GDP Forecast: Consensus versus B.C. Ministry of Finance | 108.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 | &nbsp;&nbsp;&nbsp;&nbsp;Private Sector Canadian Interest Rate Forecasts | 112.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 | &nbsp;&nbsp;&nbsp;&nbsp;Private Sector Exchange Rate Forecasts | 113.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.1 | &nbsp;&nbsp;&nbsp;&nbsp;Gross Domestic Product (GDP): British Columbia | 114.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.2 | &nbsp;&nbsp;&nbsp;&nbsp;Selected Nominal Income and Other Indicators: British Columbia | 115.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.3 | &nbsp;&nbsp;&nbsp;&nbsp;Labour Market Indicators: British Columbia | 115.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.4 | &nbsp;&nbsp;&nbsp;&nbsp;Major Economic Assumptions | 116.0 |
| Topic Box: | Topic Box: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Economic Forecast Council, *Budget 2026* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Economic Forecast Council, *Budget 2026* | 117.0 |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 \| iii <br>

**Table of Contents**

---

| | | |
|:---|:---|:---|
| **Part 4: 2025/26 Updated Financial Forecast *(Third Quarterly Report)*** | **Part 4: 2025/26 Updated Financial Forecast *(Third Quarterly Report)*** |  |
| Introduction | Introduction | 121 |
| Revenue | Revenue | 123 |
| Expense | Expense | 123 |
| Contingencies | Contingencies | 124 |
| Government Employment (FTEs) | Government Employment (FTEs) | 124 |
| Provincial Capital Spending | Provincial Capital Spending | 125 |
| Provincial Debt | Provincial Debt | 126 |
| Risks to the Fiscal Forecast | Risks to the Fiscal Forecast | 127 |
| Supplementary Schedules | Supplementary Schedules | 127 |
| Tables: | Tables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Forecast Update | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 | &nbsp;&nbsp;&nbsp;&nbsp; 2025/26 Financial Forecast Changes | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Capital Spending Update | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Provincial Debt Update | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 | &nbsp;&nbsp;&nbsp;&nbsp; 2025/26 Operating Statement | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Expense by Ministry, Program and Agency | 128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Revenue by Source | 129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Expense by Function | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Capital Spending | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10 | &nbsp;&nbsp;&nbsp;&nbsp; 2025/26 Provincial Debt | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11 | &nbsp;&nbsp;&nbsp;&nbsp;2025/26 Statement of Financial Position | 133 |
| **Appendix** | **Appendix** | **135** |

---

iv \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

---

| | |
|:---|:---|
| ![](tm265823d1_ex99-5sp1img03.jpg) | February 17, 2026 |

---

As required by Section 7(1)(d) of the *Budget Transparency and Accountability Act*, I confirm that *Budget 2026* contains the following elements:

· Fiscal
 forecasts for 2026/27 to 2028/29 (provided in Part 1) and economic forecasts for 2026
 to 2030 (provided in Part 3).

· A
 report on the advice received from the Economic Forecast Council (EFC) in December 2025
 (updated in January 2026) on the economic growth outlook for British Columbia, including
 a range of forecasts for 2026 and 2027 (see Part 3, page 117).

· Material
 economic, demographic, fiscal, accounting policy, and other assumptions and risks underlying *Budget 2026* economic and fiscal forecasts. In particular:

British Columbia's economic outlook reflects continued uncertainty in global trade and lower population growth as a result of the federal government's immigration policies. The *Budget 2026* economic projections for British Columbia are within the range of the outlook provided by the Economic Forecast Council. Growth assumptions for the province's major trading partners are prudent to reflect external risks.

The economic forecast incorporates the estimated effect of some fiscal policy measures announced in *Budget 2026*, and the effect of full budget policy measures will be incorporated in the updated economic forecast in the *First Quarterly Report*. This practice reflects that budget policy measures are generally not finalized while the economic forecast is being developed.

— The corporate income tax revenue forecast is based on projections for national corporate taxable income provided by the federal government.

— Natural gas royalty forecasts continue to adopt a lower natural gas price forecast compared to the private sector average in order to maintain prudence against volatility.

The fiscal plan includes three-year financial projections for school districts, post-secondary institutions and health authorities, based on plans submitted by those entities to the Ministries of Education and Child Care, Post-Secondary Education and Future Skills, and Health, respectively, and for other service delivery agencies and commercial Crown corporations.

The fiscal plan includes Contingencies vote estimates, totalling $5 billion in each year of the fiscal plan for which spending requirements cannot be estimated with certainty. This allocation reflects funding set aside for uncertain or unforeseen matters, future initiatives, caseload pressures, and collective bargaining mandate costs. *Budget 2025* expenditure management targets for 2026/27 onwards have now been reflected in ministry base budgets. The fiscal plan does not include the provision of a forecast allowance.

*Budget 2026* and the three-year fiscal plan reflect directions and decisions of Cabinet, Treasury Board and the Minister of Finance.

To the best of my knowledge, *Budget 2026* and the three-year fiscal plan conforms to the standards and guidelines of generally accepted accounting principles for senior governments as outlined in Note 1 of the 2024/25 *Public Accounts*.

I thank the staff in government ministries and agencies for their contribution to this document. I especially acknowledge and thank staff in the Ministry of Finance, whose professionalism, commitment and expertise were essential to the completion of this budget and fiscal plan.

---

| |
|:---|
| /s/ Douglas S. Scott |
| Douglas S. Scott |
| *Deputy Minister and Secretary to Treasury Board* |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

**This page intentionally left blank.**

**SUMMARY \|** **BUDGET AND FISCAL PLAN - 2026/27 to 2028/29**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Updated<br> Forecast | Budget <br> Estimate | Plan | Plan |
| ($millions) | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| &nbsp;&nbsp;&nbsp;Revenue | 85082 | 85523 | 88578 | 91754 |
| &nbsp;&nbsp;&nbsp;Expense | (94696) | (98832) | (100743) | (103191) |
| **Deficit** | **(9614)** | **(13309)** | **(12165)** | **(11437)** |
| **Capital Spending:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported capital spending | 12467 | 13664 | 13117 | 10885 |
| &nbsp;&nbsp;&nbsp;Self-supported capital spending | 4606 | 5013 | 5048 | 5194 |
| &nbsp;&nbsp;&nbsp;**Total capital spending** | **17073** | **18677** | **18165** | **16079** |
| **Provincial Debt:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported debt | 116540 | 142897 | 166906 | 189019 |
| &nbsp;&nbsp;&nbsp;Self-supported debt | 37519 | 40477 | 42949 | 45540 |
| &nbsp;&nbsp;&nbsp;**Total debt** | **154059** | **183374** | **209855** | **234559** |
| **Taxpayer-supported Debt Metrics:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Debt-to-GDP ratio | 26.1% | 30.6% | 34.4% | 37.4% |
| &nbsp;&nbsp;&nbsp;Deficit-to-GDP ratio | 2.2% | 2.9% | 2.5% | 2.3% |
| &nbsp;&nbsp;&nbsp;Interest bite (cents per dollar of revenue) | 4.9 | 6.2 | 7.3 | 8.2 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Economic Forecast:** | 2025 | 2026 | 2027 | 2028 |
| &nbsp;&nbsp;&nbsp;Real GDP growth | 1.5% | 1.3% | 1.8% | 1.9% |
| &nbsp;&nbsp;&nbsp;Nominal GDP growth | 4.1% | 4.4% | 4.1% | 4.2% |

---

**Securing B.C.'s Future**

*Budget 2026* makes careful choices to protect what matters most and secure B.C.'s future.

Over the last eight years, the B.C. government has focused on the foundations of a strong province by expanding access to family doctors, more affordable housing, easing everyday costs for families through lower cost child care and the BC family benefit, and investing in building the hospitals, schools and roads people rely on.

*Budget 2026* protects these gains while also facing a tough reality.

Global uncertainty is slowing growth everywhere. Global instability and volatile commodity prices are putting pressure on public finances.

While the government takes action to grow the economy and invest in B.C.'s future by doubling trades training and supporting major job-creating projects, government must also be disciplined about the choices ahead to safeguard critical services.

*Budget 2026* makes realistic choices to raise revenue, making the public sector more efficient to ensure more dollars reach the front lines. At the same time, it focuses on protecting services, keeping taxes low for working families, and strengthening B.C.'s finances for the long term.

**Protecting Your Services**

*Primary Care and Healthcare*

*Budget 2026* provides over $2.8 billion in new funding over three years to protect, strengthen and expand B.C.'s health care system, including acute care, community care, long-term care, mental health and addictions, and services provided through regional health authorities and other service delivery agencies. *Budget 2026* also includes $131 million in new funding for mental health and addictions treatments, implementing recommendations made by the Province's Chief Scientific Officer, Dr. Daniel Vigo.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 1 <br>

Summary

*Increasing Student Supports*

*Budget 2026* also provides new funding of $634 million, over three years, for the K-12 school system. This includes funding for the Classroom Enhancement Fund for additional teachers, special education teachers, and teacher psychologists and counsellors for students with support needs.

*Child Care*

Government is continuing its historic investments in child care by investing $330 million over three years to support B.C. families with affordable child care through programs like the Child Care Fee Reduction Initiative. *Budget 2026* also includes $25 million in capital and operating spending over the next three years for school districts to use for equipment and capital upgrades to support more before and after school care.

*Children and Youth with Support Needs*

*Budget 2026* invests $475 million in new funding over three years for children and youth with support needs by providing direct funding to families, strengthening services, expanding choice for families, and improving coordination across health, education, and community systems. A modernized system will be delivered, building on what already works for families – more flexible, more streamlined, more equitable, and better aligned with the diverse needs of children and youth.

*Making Communities Safer*

*Budget 2026* provides $139 million over three years to provide more community-specific supports to respond to public safety concerns related to repeat, violent offenders and chronic property crime in B.C. communities – including the new Chronic Property Offending Intervention Initiative. Funding also helps to build capacity to ensure timely access to justice and other public safety programs.

Government will continue to ensure police have resources to combat extortion threats, including supports for victims and expanding the Provincial Forensic Firearms Lab to help accelerate investigations and charge approvals.

**Expenditure Management**

Government continues the important work of reviewing spending to achieve expenditure management targets and ensure public program and service delivery is efficient, effective and affordable over the long term. Government has exceeded initial targets set in *Budget 2025* through operational savings and program moderation. Looking ahead, *Budget 2026* focuses on continued savings and a more efficient government through administrative and space consolidations, cutting non-essential spending, while protecting frontline jobs and services. This includes government's commitment to reduce the size of the public sector by 15,000 FTEs over the three-year fiscal plan. By making careful choices and reinvesting savings into protecting core services, new funding in *Budget 2026* is at levels more comparable to pre-pandemic *Budget 2020*.

For more details, see the Expenditure Management and Efficiency Review topic box starting on page 27.

**Updating Taxation**

Tax revenues are the primary source of provincial revenue used to fund the services British Columbians rely on. As a part of government's long-term efforts to keep up with service demands and improve the fiscal outlook, government has taken careful decisions in *Budget 2026* to increase provincial revenue by updating tax programs to reflect B.C.'s economy, get better results for people and to prevent cuts to critical services. Starting the 2026 tax year, government is increasing the tax rate of the first income tax bracket by 0.54 percentage points, while offsetting the extra cost for lower-income earners. The budget also pauses tax bracket indexing from 2027 through 2030.

2 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Summary

Government continues to help people with costs through measures like the BC Family Benefit, more affordable child care, and lower car insurance rates.

Further details are provided in *Part 2: Tax Measures* starting on page 79.

**Sustaining Capital Spending for the Future**

The Province is continuing to build the infrastructure required to meet the needs of British Columbians with taxpayer-supported capital plan allocations of $37.7 billion over the next three years. This, coupled with $15.3 billion in self-supported capital projects, will help support the construction sector. After years of building up infrastructure to close gaps and strengthen services, B.C. is adjusting the pace of the capital plan. Re-pacing the capital plan will provide more fiscal sustainability and predictability and will allow infrastructure investments to continue over the longer term.

For more information on government's capital planning approach, see the topic box on page 66.

**Growing the Economy**

*Look West: Jobs and Prosperity for a Stronger BC and Canada* sets a target to attract $200 billion in new private sector investments over the next decade, ensuring British Columbia is at the forefront of delivering nation building projects that create good jobs, raise revenues to pay for services, and strengthen government's long-term fiscal outlook.

*Budget 2026* includes $283 million in new funding over three years to support the commitments set out in this targeted plan. Of this, $241 million over three years will double funding for trades training and SkilledTradesBC, giving tens of thousands of British Columbians the chance to earn more, build careers, and step into good jobs.

A new $400 million British Columbia Strategic Investments Special Account will set B.C. up to co-invest and work collaboratively with the Government of Canada as it invests billions of dollars to secure Canada's sovereignty, along with the jobs and economic opportunities these projects will bring.

Building on the past three years of progress in speeding up and streamlining permitting, *Budget 2026* invests over $40 million in additional funding over three years to provide stable, ongoing funding that strengthens permitting capacity across the natural resource and tourism sectors. This investment supports government's broader strategy to modernize permitting and regulatory frameworks by removing barriers, delays, and duplication for businesses.

Government has made significant investments in building up a world-class talent pool by focusing on advancing technology and innovation as a major economic driver and job creator in B.C. Provincial programs such as the Integrated Marketplace Initiative are helping companies start up and grow, and delivering the infrastructure needed to participate in the sector.

Government is taking more action to support business investments in *Budget 2026* by introducing a new temporary manufacturing and processing investment tax credit to encourage investments in buildings, machinery and equipment used in manufacturing and processing. The Province is also aligning the B.C. Scientific Research and Experimental Development tax credit with recent federal changes to expand access and encourage businesses to conduct research and development in B.C. and Canada.

The Province will carefully explore the suitability of adopting a patent box regime for the life sciences sector. The approach could offer companies lower taxes on profits generated from research and development that was developed and patented in Canada.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 3 <br>

Summary

**Economic Outlook**

B.C.'s economy saw mixed performance among sectors in 2025 amid U.S. tariffs and related global economic uncertainty, and declining B.C. population growth. Consumer spending on goods was strong through the first half of the year but has weakened in recent months. The Bank of Canada lowered interest rates last year and inflation has remained within their target range. Residential construction remained above average in 2025 despite declining from the high levels of activity seen in recent years, and home sales were subdued in 2025. Meanwhile, investment saw steady growth despite headwinds from economic uncertainty. B.C.'s exports have been resilient amid U.S. tariffs and were unchanged compared to the prior year.

The Ministry of Finance estimates that B.C.'s economy expanded by 1.5 per cent in 2025. Looking ahead, the economy is forecast to grow by 1.3 per cent in 2026 before increasing to 1.8 per cent in 2027. Modest growth is expected over the next two years due to trade uncertainty, as well as impacts from the federal government's reduced immigration targets. As the economy adjusts to these factors, economic growth is expected to improve over the medium-term as immigration levels normalize and uncertainty over trade subsides. Over the medium-term (2028 to 2030), real GDP growth is expected to average 2.1 per cent annually.

Overall, the *Budget 2026* near-term forecast for B.C. real GDP growth is prudent compared to the average outlook provided by the Economic Forecast Council (EFC), while the medium-term outlook is within the range provided by the EFC.

***Budget 2026* Economic Forecast**

**B.C. real GDP (annual per cent change)**

![](tm265823d1_ex99-5sp1img04.jpg)

Sources: B.C. Ministry of Finance; Economic Forecast Council

Among provinces, B.C.'s economic growth is expected to be tied for fourth in 2026 and tied for second in 2027, according to private sector forecasters (a subset of the EFC that regularly forecasts economic performance in all provinces, as of January 16, 2026).

**Fiscal Outlook and Debt**

Taxpayer-supported debt is forecast to end 2025/26 at $116.5 billion by March 31, 2026, down $2.2 billion from *Budget 2025* due to improved operating results and lower capital spending. As a result, taxpayer-supported debt-to-GDP is also expected to be lower at 26.1 per cent, compared to 26.7 per cent last budget.

Debt levels are expected to increase over the fiscal plan period to finance operating and capital requirements. Taxpayer-supported debt is forecast to be $189.0 billion by 2028/29 while continuing to remain affordable and low relative to other jurisdictions.

**Debt Affordability Among Provinces**

![](tm265823d1_ex99-5sp1img05.jpg)

\* Net-liabilities to GDP is used for inter-provincial comparison due the availability of public information. Figures were sourced from each jurisdiction's latest fiscal or economic update published from February 2025 through November 2025. B.C. figures are based on the *Budget 2026* forecast.

As a result of careful choices, *Budget 2026* protects commitments and investments made over the last eight years, while achieving a path of declining deficits from 2026/27. As a result, government is showing a downward trending deficit-to-GDP ratio falling from 2.9 per cent in 2026/27 to 2.3 per cent by 2028/29.

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Summary

**Risks to the Fiscal Plan**

The main risks to the government's fiscal plan include:

· Continued
 uncertainty around restrictive global trade policies, U.S. tariffs, and renewal of the *Canada-United States-Mexico Agreement*;

· Immigration
 and population volatility;

· Weaker
 global economic activity and ongoing geopolitical conflicts, which contribute to the potential
 volatility in the economic and fiscal outlooks;

· Increased
 costs and demands for government services, such as health care, social programs or recovery
 from climate related disasters; and

· Changes
 in timing of capital projects and related spending, which may be influenced by several factors,
 such as market conditions and weather.

To mitigate against unexpected and unknown costs, the Contingencies Vote includes allocations of $5 billion in each year of the fiscal plan. This includes funding to address caseload pressures, cost increases related to a new collective bargaining mandate and emerging priorities. *Budget 2026* does not include the provision of a forecast allowance.

**Conclusion**

*Budget 2026* takes careful steps to protect our services and economic prospects in a time of continuing global economic uncertainty. Government is protecting the services people rely on and making investments in B.C.'s long-term economic growth while working to improve the fiscal plan over the longer term.

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**PART 1 \| THREE YEAR FISCAL PLAN**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Table 1.1 Three Year Fiscal Plan** | **Table 1.1 Three Year Fiscal Plan** | **Table 1.1 Three Year Fiscal Plan** | **Table 1.1 Three Year Fiscal Plan** | **Table 1.1 Three Year Fiscal Plan** |
|  | Updated<br> Forecast | Budget<br> Estimate | Plan | Plan |
| ($millions) | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| &nbsp;&nbsp;&nbsp;Revenue | 85082 | 85523 | 88578 | 91754 |
| &nbsp;&nbsp;&nbsp;Expense | (94696) | (98832) | (100743) | (103191) |
| **Deficit** | **(9614)** | **(13309)** | **(12165)** | **(11437)** |
| **Capital spending:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported capital spending | 12467 | 13664 | 13117 | 10885 |
| &nbsp;&nbsp;&nbsp;Self-supported capital spending | 4606 | 5013 | 5048 | 5194 |
| &nbsp;&nbsp;&nbsp;**Total capital spending** | **17073** | **18677** | **18165** | **16079** |
| **Provincial Debt:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported debt | 116540 | 142897 | 166906 | 189019 |
| &nbsp;&nbsp;&nbsp;Self-supported debt | 37519 | 40477 | 42949 | 45540 |
| &nbsp;&nbsp;&nbsp;**Total debt** | **154059** | **183374** | **209855** | **234559** |
| **Taxpayer-supported Debt Metrics:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Debt-to-GDP ratio | **26.1%** | **30.6%** | **34.4%** | **37.4%** |
| &nbsp;&nbsp;&nbsp;Deficit-to-GDP ratio | **2.2%** | **2.9%** | **2.5%** | **2.3%** |
| &nbsp;&nbsp;&nbsp;Interest bite (cents per dollar of revenue) | 4.9 | 6.2 | 7.3 | 8.2 |

---

**Introduction**

*Budget 2026* takes action to protect services and grow the economy to help secure B.C.'s future. *Budget 2026* invests $3.9 billion more in operating funding across the fiscal plan to protect key public services in the areas of health, education, and social services, while taking steps to manage finances closely. Projected deficits decline over the fiscal plan period from $13.3 billion in 2026/27 to $11.4 billion in 2028/29, and debt metrics are expected to increase but remain affordable relative to other jurisdictions. Government is making disciplined choices during a time of economic uncertainty to help protect health, education, and social services and grow the economy.

Government's consolidated operating expense totals $98.8 billion in 2026/27, $100.7 billion in 2027/28 and $103.2 billion in 2028/29. The Contingencies Vote includes $15 billion over the three-year fiscal plan for spending uncertainties related to new and existing programs as well as unforeseen events. The revenue forecast rises from $85.5 billion in 2026/27 to $91.8 billion in 2028/29, with modest growth incorporating additional revenue measures as well as impacts from the economic forecast, year-to-date information, and natural-resource activity and commodity price expectations.

Capital spending on schools, post-secondary facilities, housing, health care facilities, highways, bridges, and other taxpayer-supported infrastructure, is expected to be $37.7 billion over the three-year fiscal plan period. Self-supported capital spending by commercial Crown corporations is estimated at $15.3 billion over the next three years, mainly for electric generation and transmission projects. These commercial investments will support future growth while contributing to a clean and inclusive economy.

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THREE YEAR FISCAL PLAN

Government's operating funding initiatives are discussed in the expense section starting on page 9. Details on the government's revenue forecasts are provided in the revenue section, starting on page 40. The capital investments section begins on page 49, which is followed by the debt section on page 71 and a discussion on the risks to the fiscal plan on page 74.

Government remains committed to incorporating Gender Based Analysis (GBA+) into its policy and budget processes. *Budget 2026* continues to support meaningful reconciliation with Indigenous Peoples.

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**Expense**

***Consolidated Revenue Fund Spending***

Consolidated Revenue Fund (core government) planned spending over the three-year fiscal plan is $85.6 billion in 2026/27, $88.0 billion in 2027/28, and $89.2 billion in 2028/29 as shown in Table 1.3 on page 38. To mitigate against unexpected and unknown costs, the Contingencies Vote includes allocations of $5.0 billion in each year of the fiscal plan. This includes funding to address caseload pressures, compensation increases related to the *Balanced Measures Mandate,* as well as unexpected costs and risks that may arise.

*Budget 2026* includes ministry net budget increases of $3.9 billion across the three-year fiscal plan primarily to support key public services such as health, education and social services. This increase also includes existing funding re-directed to fund new and existing programs. Government is also making targeted investments to help reduce costs, deliver more homes faster and support critical infrastructure needs such as hospitals, schools and transit systems. Funding decisions are underpinned by government's commitment to continue working toward true and meaningful reconciliation by supporting opportunities for Indigenous Peoples to be full partners in the inclusive and sustainable province we are building together.

***Protecting the Services People Rely On***

A stronger B.C. for everyone means delivering and protecting the services people rely on, particularly as the complexity and variety of needs continues to expand. Government continues to make significant investments across critical services with over $5.1 billion to strengthen and protect health care, K-12 education, and social supports for people who need care and assistance.

**Table 1.2.1 Protecting Core Services People Rely On**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($millions) | 2026/27 | 2027/28 | 2028/29 | Total |
| Health, mental health and addictions care | 408 | 586 | 1775 | 2769 |
| K-12 education | 180 | 227 | 227 | 634 |
| Child Care | 90 | 110 | 130 | 330 |
| New supports for children and youth with support needs | 157 | 133 | 185 | 475 |
| Children and Youth in Care and Alternative Care | 135 | 170 | 173 | 478 |
| Improved disability assistance for couples | 17 | 17 | 18 | 52 |
| Income, disability, supplementary assistance | 44 | (11) | 88 | 121 |
| Community Living BC | 84 | 84 | 84 | 252 |
| &nbsp;&nbsp;&nbsp;**Total<sup>1</sup>** | **1115** | **1316** | **2680** | **5111** |

---

*Tables may not sum due to rounding*

*<sup>1</sup>Total includes gross spending increases, Contingencies funding, and tax measures (new disability supplement*

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THREE YEAR FISCAL PLAN

**Strengthening and Safeguarding the Health Care System**

Health care continues to be the single largest investment made by the Province as B.C.'s population ages and needs become more complex. Health care spending is forecast to continue to grow at a rate of 3.1 per cent annually in each year of the fiscal plan. This includes funding to recruit and train more health care professionals such as doctors, nurses, and long-term care support workers. This funding will support the opening and ongoing operation of new hospitals and major health capital projects as well as new approaches to mental health and addictions care, supporting the most vulnerable.

For more information about government's investments in the health care system and recent progress, see the topic box starting on page 12.

*Caseload and Primary Care*

*Budget 2026* provides more than $2.3 billion in new funding over three years to increase health system capacity and support growing demand for services across the full range of health services. This funding addresses the rising costs of health care providing continued support for surgeries, cancer care, pharmacare, and the many services provided by health care workers. Caseload and primary care funding supports services delivered in a variety of health care settings including hospitals and harnesses the progress to date across primary care networks, urgent primary care centres, and community health centres.

*Budget 2026* maintains funding implemented in *Budget 2025* of $34 million annually to continue equitable and affordable access to in vitro fertilization (IVF) for hopeful parents throughout British Columbia. The continuation of this program will allow approximately 1,800 families annually to receive up to $19,000 towards a single standard cycle of IVF treatment at participating B.C. fertility clinics.

*Strengthening and Stabilizing Mental Health Care Services*

Building on past investments in mental health and addictions care and guided by recommendations made by the Province's Chief Scientific Officer, Dr. Daniel Vigo, *Budget 2026* includes $131 million in new funding for mental health and addictions treatment. This funding will provide intensive, specialized mental health and addictions services to individuals with concurrent challenges of complex mental illness, addictions, and acquired brain injuries. Funding will support the implementation of Assertive Community Treatment teams and involuntary treatment beds in Prince George, Maple Ridge and Surrey.

Since 2017, B.C. has added 829 new publicly funded adult and youth withdrawal management, sobering and assessment, transition, treatment and supportive recovery beds. Previous investments in mental health and addictions treatment continues in *Budget 2026* including funding for 3,785 treatment and recovery beds, 19 Foundry spaces in communities across B.C., Road to Recovery initiatives supporting numerous public sector and non-profit service providers, supports for children and youth, and Indigenous led treatment and recovery initiatives.

*Strengthening Seniors Care*

*Budget 2026* includes ongoing funding to support the recent memorandum of agreement between the Ministry of Health, the Health Employers Association of B.C. (HEABC) and the Facilities Bargaining Association to bring eligible care-home operators into HEABC membership, ensuring workers are covered by an HEABC-negotiated collective agreement. This agreement supports over 5,000 workers, providing fair wages, benefits and protections, while strengthening care for seniors. This transition reinforces consistent provincial labour standards across the sector, strengthens the workforce and promotes high-quality and reliable care for seniors and people with complex health needs.

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THREE YEAR FISCAL PLAN

*Budget 2026* also provides $35 million over three years to the Ministry of Housing and Municipal Affairs to support Independent Living BC. This funding will continue rental housing supports for low and moderate income seniors who require assistance to live independently.

*Efficiency in the Healthcare System*

Throughout the 2025/26 fiscal year, government has been engaged in a comprehensive expenditure management exercise with the goal of identifying opportunities to improve system efficiencies, reduce administrative costs, and prioritize funding to frontline services.

As part of government's review of health authorities, $60 million has already been identified in annual savings through the reduction of more than 1,100 existing or planned positions. Looking forward within the health sector, government has identified over $200 million in annual spending to be reinvested in core service areas. Had this work not been undertaken, an additional $780 million over three years would have been needed to support the province's health care system.

**Table 1.2.2 - Investments in the Health Care System**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | 2026/27 | 2027/28 | 2028/29 | Total |
| Caseload and Primary Care | 311 | 449 | 1591 | 2351 |
| In Vitro Fertilization | 34 | 34 | 34 | 102 |
| Chief Scientific Officer Recommendations | 26 | 41 | 64 | 131 |
| Strengthening Seniors Care | 37 | 62 | 86 | 185 |
| &nbsp;&nbsp;&nbsp;**Total** | **408** | **586** | **1775** | **2769** |
| Efficiency in the Health Care System | (260) | (260) | (260) | (780) |

---

*Table may not sum due to rounding<br> Includes allocations funded from the Contingencies Vote<br> Efficiency funding represents amounts that have been reallocated to other items within the healthcare system, not reductions in funding*

*Securing Federal Partnerships for Health Care*

*Budget 2026* includes $2.2 billion, over three years, in targeted federal funding for health services. This includes $447 million under the Aging with Dignity agreement in support of seniors to help address complex medical conditions outside the hospital setting, improving the safety and quality of long-term care facilities and supporting the long-term care workforce. The federal government will also provide an additional $653 million to fund expanded public coverage for diabetes and hormone replacement therapy. Finally, the Province is projecting to receive $1.1 billion over three years for the anticipated extension of the Working Together to Improve Health Care for Canadians agreement. This is in addition to federal funding received through the Canada Health Transfer.

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THREE YEAR FISCAL PLAN

**Investments in Health Care**

*Budget 2026* affirms the Province's commitment to prioritizing the health of British Columbians by investing to meet demand for health care services across the continuum of care. Investments will support connecting more residents to primary care providers and sustain supports for B.C.'s health care workforce. Funding will also support the opening of new and enhanced health facilities across the province and continue expansion of specialized mental health and addictions services.

***New and Enhanced Facilities***

*Budget 2026* will support the planning, development, and operations of new or renovated hospitals, long-term care homes, and cancer centres. Examples include the new St. Paul's Hospital in Vancouver, the Royal Columbian Hospital redevelopment in New Westminster, and the Cowichan District Hospital replacement on Vancouver Island. These investments will expand access to modern, quality services and ensure the system remains responsive to population needs. Health sector infrastructure investments are further described on page 51.

***Expanding Mental Health and Addictions Services***

*Budget 2026* sustains funding to support the continued expansion of mental health and addictions services across the Province, including the Road to Recovery expansion, the development of new Foundry Centres, and the implementation of Integrated Child and Youth Teams.

Since 2017, B.C. has added 829 new publicly-funded adult and youth withdrawal management, sobering and assessment, transition, treatment and supportive recovery beds. *Budget 2026* also invests more than $131 million over three years to address the recommendations from the Chief Scientific Advisor for psychiatry, toxic drugs, and concurrent disorders. These investments will support the expansion of Assertive Community Treatment teams and increase the number of specialized treatment beds for involuntary care in Prince George, Maple Ridge and Surrey.

***Improving System Access and Stability***

Government has taken steps to improve system access and stabilize the health sector — work that will continue over the next three years. Since 2023, more than 587,000 people have been newly attached to a family doctor or nurse practitioner. In 2025 alone, over 4,200 people were newly attached per week. If this attachment rate continues, an additional 650,000 people will be newly attached to a family doctor or nurse practitioner over the next three years.

In July 2025, the Province launched a publicly funded in vitro fertilization (IVF) program to support B.C. residents on their path to parenthood. As of December 2025, over 1,500 individuals had funding approved for eligible IVF services, making IVF care more affordable and accessible for hopeful parents throughout B.C.

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THREE YEAR FISCAL PLAN

*Budget 2026* sustains investments in B.C.'s Health Human Resource Strategy, continuing the significant progress made over the past several years to recruit, retain and train health care workers.

Since 2017, B.C.'s healthcare workforce has grown across all practitioner types, exceeding B.C.'s average population growth:

---

| |
|:---|
| 31.0 per cent increase in the physician workforce, including family physicians and specialists. |
| 23.1 per cent increase in the nursing workforce, representing growth in Registered Nurses, Licensed Practical Nurses, Registered Psychiatric nurses, and Nurse Practitioners. This includes over 4,700 nurses added since the announcement of minimum nurse to patient ratios in 2022. |
| 33.3 per cent increase in allied health professionals, leading Canada in growth for pharmacists, occupational therapists, and physiotherapists. |

---

Following a targeted marketing campaign, B.C. has received thousands of applications from U.S. doctors, nurses and health workers — at the last update, over 140 of them had already accepted job offers in the province, and the number of applications and accepted job offers continue to rise.

B.C. is the first jurisdiction in Canada to roll out minimum nurse-to-patient ratios, with the goal of improving the delivery of patient care, providing better working conditions for nurses, and supporting a stronger health sector. More than 85 per cent of the first wave of ratios are expected to be activated in B.C. hospitals by March 31, 2026, and are already showing positive signs for recruitment and retention. Over the last three years since government announced the ratios, the number of nurses working in B.C. has increased by 5.9 per cent.

**Chart 1 – Expansion of the Health Care Workforce**

![](tm265823d1_ex99-5img001.jpg)

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THREE YEAR FISCAL PLAN

***Sustainable Health Sector Spending***

Government's long-term fiscal outlook is challenged by growing demand for services, driven by an aging population with more complex needs and compounded by the continuous rise in physician compensation, which accounts for approximately 22 per cent of the health budget. These challenges require government to prioritize investments in much-needed services, while also driving system efficiencies to help realize savings and moderate cost growth.

B.C. is prioritizing fiscal sustainability in the health care sector by:

· Reducing
 administrative costs and redirecting savings to frontline services.

— In March 2025, government launched a health authority review to improve efficiencies and increase resources dedicated to patient care.

Efforts to reduce administrative costs have already identified $60 million in annual savings through the reduction of more than 1,100 existing or planned positions.

An additional $200 million in annual health care spending has been identified and reinvested in core service areas.

· Finding
 efficiencies in how the system is run.

In 2026/27, government will begin centralizing a range of non-clinical services to continue streamlining administrative costs by establishing a shared services organization mandated to curb the rate of growing health care costs.

This will lead to the consolidation of all, or part of, legal, supply chain, finance, human resources, information management and information technology, data and analytics, health system planning and digital communications services across the health care system.

· Getting
 better value for money, with a focus on patient outcomes.

— Government is optimizing how funding is allocated and managed across the health sector using data driven tools.

· Driving
 innovation to improve productivity.

B.C. is advancing a connected, safe, and trusted health system by empowering patients with secure access to their information, enabling virtual care and remote monitoring, and equipping providers with records across health authorities.

B.C. is also working with the health authorities and care providers to responsibly deploy artificial intelligence (AI), enabling faster, more efficient service delivery and reducing the time that care providers need to spend on administrative tasks.

· Cutting
 down on private agency staffing costs.

— B.C. is continuing to work with the health authorities to reduce reliance on private staffing agencies (and premium labour costs) and improve workforce stability.

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THREE YEAR FISCAL PLAN

*Budget 2026* builds on significant health and mental health care investments since 2017/18 as shown in Chart 2.

**Chart 2 – Investing in Health and Mental Health Care**

![](tm265823d1_ex99-5sp02img002.jpg)

**Note**: Actual and forecast costs include expenses incurred through the Ministry of Health and the former Ministry of Mental Health and Addictions; Budget and Plan costs represent the Ministry of Health base budget

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 15 <br>

THREE YEAR FISCAL PLAN

**Supporting a Strong K-12 Education System**

Government has invested over $2.9 billion in new annual funding into B.C.'s education system since 2017/18, an increase of 42 per cent. This funding has helped to add over 6,000 new teachers to the public school system. Continued investment in kindergarten to grade 12 students is key to securing our future. A strong and inclusive K-12 education system opens doors for all students for the rest of their lives. Despite a K-12 population that is forecasted to decline slightly over the fiscal plan period, *Budget 2026* includes $634 million in new funding over three years, supporting teachers, student services, and inclusive learning recognizing the increased rates of inclusive education students enrolling in B.C.'s schools.

While K-12 enrolment figures overall show a slight decline, there continues to be fast growing communities where government is making investments. Renovations and new school builds continue across the province in communities like Surrey, Langley and Langford.

*Increasing Student Supports*

*Budget 2026* includes new funding of $167 million for the Classroom Enhancement Fund for additional teachers for all students, special education teachers, and teacher psychologists and counsellors. This also includes $6 million for First Nations Reciprocal Tuition related to students attending First Nations schools.

B.C. classrooms are seeing an increase in students with support needs. Since the 2002/03 school year, the number of students in B.C. schools diagnosed with autism spectrum disorder has increased by 1,400 per cent. Recognizing the additional support children with an inclusive education designation require, government's funding model allocates 3.7 times the funding of a standard FTE to students with a level 2 inclusive education designation. This shift in student demographics is a contributor to overall K-12 funding growth despite a decline in overall enrolment numbers.

Additionally, the Province's capital plan includes $3.9 billion over the next three years to build, renovate and seismically upgrade schools and playgrounds throughout B.C. More details on education capital investments are on page 50 and in the topic box on page 66.

**Child Care**

*Budget 2026* invests $330 million over three years to continue government's historic investments in child care. Funding will support B.C. families with affordable child care through programs like the Child Care Fee Reduction Initiative.

Since 2018, government's investments in the ChildCareBC plan have made significant progress in expanding access and affordability. B.C.'s child care sector has grown by 58,000 spaces across 1,450 facilities. Average daily fees for children 12 years and under have been significantly reduced, from $47 per day (or $940 per month) to $20 per day (or $400 per month). Median wages for early childhood educators have increased 53 per cent, from $19 per hour to $29 per hour. On average, over 2,400 more children are receiving inclusive child care services each month, and government now funds over 2,000 no-fee Aboriginal Head Start spaces.

16 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

THREE YEAR FISCAL PLAN

In addition, *Budget 2026* includes $25 million in capital and operating over the next three years to continue and expand upon child care programs. In October 2025, government introduced legislation to expand child care options on school grounds, including before-and after-school care. Funding is being made available to School Districts for equipment and capital upgrades to support schools in providing more before and after school care.

**Help for People Who Need Care and Support**

*Children and Youth with Support Needs*

*Budget 2026* makes a historic investment of $475 million in new funding over three years for children and youth with disabilities by providing families with direct funding for support services, and adding more service providers in their communities.

A modernized system will be delivered, building on what already works for families — more flexible, more streamlined, more equitable, and better aligned with the diverse needs of children and youth. *Budget 2026* invests in three priority areas.

First, families of children with the most significant and life altering disabilities will benefit from the new Children and Youth with Support Needs Benefit, providing flexible direct funding for approximately 12,000 families who require higher, sustained, individualized support.

Second, low- and middle-income families raising a child with a disability will benefit from the new Children and Youth Disability Supplement, offering up to $6,000 per year to ease financial pressures and help ensure children can access the supports they need. More information on the Children and Youth Disability Supplement is available in the tax measures section on page 82.

Third, all families will benefit from a more than 40 per cent expansion in community-based services, including increased behavioural and mental health supports, 6-18 programming, and navigation services.

Over 2026 and 2027, the ministry will phase out existing programs like the Autism Individualized Funding Program and replace it with new supports under the redesigned model.

**Table 1.2.3 Better Support for Children and Youth with Support Needs**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | 2026/27 | 2027/28 | 2028/29 | Total |
| Children and Youth with Support Needs Benefit | 95 | 168 | 176 | 439 |
| Disability Supplement |  | 105 | 140 | 245 |
| New Community-Based Programming | 10 | 30 | 40 | 80 |
| Existing Program Funding | 52 | (170) | (171) | (289) |
| &nbsp;&nbsp;&nbsp;**Total** | **157** | **133** | **185** | **475** |

---

*Existing program funding includes amounts previously held in contingencies and direct funding being repurposed to support the redesigned program. Existing community-based funding continues into future years*

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 17 <br>

THREE YEAR FISCAL PLAN

*Children and Youth in Care and Alternative Care*

Children and youth in care caseload costs are another area of the provincial budget where incremental costs are driven by the increasing complexity of cases and higher needs per individual. Over the past 20 years, the number of children and youth in care has declined by nearly 50 per cent, while the overall cost to support children in care has increased.

*Budget 2026* provides $478 million over three years to support children in government care or who are placed with a family member or someone with an established relationship. This funding supports the foster care, Indigenous child and family service agencies, specialized homes and services, and the independent living program. These programs support approximately 12,000 children and youth who are unable to live with their parents. Over time, better care reduces intergenerational cycles of child protection involvement and lessens future demand on health, justice, housing, and social assistance systems, creating significant long-term savings.

*Removing Barriers for Couples Receiving Disability Assistance*

*Budget 2026* invests $52 million to remove barriers for couples receiving disability assistance. Starting December 1, 2025, couples where both members receive disability assistance receive the same support allowance as they would if they were two single people. In addition, beginning January 1, 2026, couples where one partner has the Persons with Disabilities designation also benefit from an increased annual earnings exemption, allowing them to keep more of the money they earn.

More than 6,500 families will benefit from the change to equalize support rates and more than 4,300 families will benefit from the expanded earning exemption.

*Income, Disability, and Supplementary Assistance*

*Budget 2026* provides more than $121 million over three years to support increased demand for income, disability and supplementary assistance compared to the previous three-year fiscal plan.

The forecast for income, disability and supplementary assistance is based on population growth for the approximately 269,000 people who receive assistance. Supplementary assistance includes the Senior's Supplement, the Bus Pass and Transportation Supplement for persons with disabilities, supports such as the crisis supplement, counselling, school start up and health supplements for dental, diet and medical equipment and supplies.

*Community Living BC*

Community Living BC provides supports and services to nearly 32,000 adults with developmental disabilities, as well as individuals who have a diagnosis of Autism Spectrum Disorder or Fetal Alcohol Spectrum Disorder and who need support managing daily activities.

*Budget 2026* provides additional funding of $252 million over three years to support growth in demand for clients served by Community Living BC.

18 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

THREE YEAR FISCAL PLAN

***Investing in Economic Growth and Security***

With continued uncertainty from U.S. tariff threats, British Columbians are increasingly concerned about economic sustainability and security. Government has been working to unlock major projects, create jobs, prepare and train a skilled workforce, support resource development, mitigate against the impacts of climate change, enable strong economic partnerships between First Nations and businesses, and invest in homes people can afford.

*Unlocking Federal and Private Sector Investments*

*Budget 2026* allocates $400 million in funding for the new British Columbia Strategic Investments Special Account. Funding will enable B.C. to work collaboratively with the Government of Canada as it invests billions of dollars to secure Canada's sovereignty, along with the jobs and economic opportunities these projects will bring. The account will be used to attract investments that build on B.C.'s strengths in clean energy, value-added forestry, manufacturing, responsible mining, life sciences, AI and quantum, maritime sector and aerospace, and clean technology. Government will be looking to build on its recent successes, including an investment of up to $41.5 million in the Integrated Marketplace Initiative, which is already accelerating innovation in B.C., and the Manufacturing Jobs Fund, which has committed nearly $153 million since 2023, leading to more than $1.1 billion in investment and creating and protecting more than 4,800 jobs.

*Growing a Skilled Workforce for the Future*

Released in November 2025, *Look West: Jobs and Prosperity for a Stronger B.C. and Canada* charts a path to deliver major projects, create good jobs and strengthen B.C. and Canada's economic security in the face of economic threats. *Budget 2026* includes $283 million in new funding over three years to support commitments set out in this targeted plan.

*Budget 2026* provides $241 million over three years to double funding for SkilledTradesBC so people can secure family-supporting jobs created through major projects. In 2026/27, this funding will support the creation of 5,000 new trades training seats, including 1,000 delivered through the BC Building Trades.

Through *Budget 2026,* $30 million will establish dedicated funding to train highly qualified professionals by adding specialized streams to existing programs, improving alliances between industry and post-secondary partners, and accelerating growth in technology-related degrees. Funding streams will support fields like engineering, geology, computer science, biology and aerospace. Investing in focused streams will enable government to quickly implement the additional training needed and get more trained workers into priority areas like critical minerals, marine, transportation and advanced technology.

*Budget 2026* also allocated $12 million over three years to enhance the B.C. Employer Training Grant, helping to double apprenticeship seats by 2028/29 from current levels.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 19 <br>

THREE YEAR FISCAL PLAN

The funding will address waitlists and increase per seat funding at certified training institutions, particularly in high-demand and priority trades. This initiative will expand Skilled Trades Certification, beginning with crane operators, to ensure more trades have clear, consistent pathways to certification. This investment strengthens the trades training system while building the capacity, flexibility, and sustainability needed to support good jobs for people and B.C.'s economy for years to come.

**Table 1.2.4 Skilled Workforce Investments**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | 2026/27 | 2027/28 | 2028/29 | Total |
| SkilledTradesBC. | 54 | 80 | 107 | 241 |
| Highly Qualified Professionals | 10 | 10 | 10 | 30 |
| Employer Training Grant | 4 | 4 | 4 | 12 |
| &nbsp;&nbsp;&nbsp;**Total** | **68** | **94** | **121** | **283** |

---

*Tables may not sum due to rounding*

*Permitting*

Following a record-breaking year for exploration investment in B.C., the Province is building on recent progress in speeding up and streamlining permitting by investing over $40 million over three years to further strengthen permitting capacity across the natural resource and tourism sectors.

This investment supports government's broader strategy to modernize permitting and regulatory frameworks by removing barriers, delays, and duplication for businesses.

Funding is intended to advance priority projects and create greater stability and certainty for major projects — helping attract investment and support good jobs for people.

Beginning April 1, 2026, exploration permits will be processed within 40-to-140 days, depending on complexity of the proposed activity and a new escalation process will be introduced for cases that go beyond the deadline.

Permitting improvements to date have resulted in 35 per cent faster timelines for major mines applications, 35 per cent more exploration permits issued in 2025 than in 2024, and a coordinated environmental assessment and permitting process.

*Support for B.C.'s Forestry Sector*

B.C.'s forestry sector continues to face significant pressures that affect its long-term sustainability and economic strength. Sustained international tariffs and reduced economic fibre supply are creating real challenges for industry, workers, and the communities that rely on forestry jobs.

To help address these impacts, the Province is taking action and making targeted investments that support the forestry sector today while building a more resilient future. This includes working to secure significant federal funding to support the softwood lumber sector in the face of U.S. tariffs.

20 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

THREE YEAR FISCAL PLAN

In 2025/26, the Province is providing $50 million of new provincial and reallocated federal funding to support the forestry sector. These investments are designed to provide sector stability, protect jobs, and help communities adapt and thrive.

An immediate investment of $15 million in 2025/26 in key organizations will help to enhance industry stability. This includes $5 million for the BC First Nations Forestry Council, to continue delivering the Indigenous Forestry Scholarship program and advancing First Nations' participation in the forest sector. The Province is also providing $5 million to the Wildfire Reduction Equipment Support Trust to help eligible logging contractors to purchase specialized equipment needed to recover fibre that can be processed into marketable products. Finally, $5 million will be provided to the Forestry Service Providers Compensation Fund to provide relief to eligible forestry contractors who are not paid for their services in the event of a tenure holder's insolvency.

The Province is also investing $15 million in 2025/26 to recapitalize the FireSmart Community Funding and Supports program, helping about 75 more local governments and First Nations strengthen wildfire resilience through training, equipment, bylaw updates, and home hardening measures. This funding also creates work for forestry consultants and contractors, supports fuel mitigation projects that keep forest sector staff and equipment working, and helps companies diversify beyond traditional harvesting. Community Forests and other tenure holders can access funding to protect their investments and enhance safety in high-risk communities, ensuring economic benefits continue to flow directly back into local communities.

B.C. is also reallocating $20 million in federal funding to the Northern Development Initiative Trust in 2025/26. These funds will support employers and workers affected by international tariffs, with dedicated streams for both the forestry and steel industries. Of this amount, more than $8 million comes directly from federal tariff revenues and is now being redistributed to provinces to help impacted industries. This support builds on existing services offered through WorkBC to ensure workers have access to the employment assistance they need.

To further support the forestry sector, government is introducing a temporary Stumpage Payment Deferral Program, which will support eligible tenure holders in British Columbia by providing immediate cash flow relief. The deferral program will be offered on a voluntary basis and will be effective from January 1, 2026 to November 30, 2026. This initiative is designed to help stabilize the forest sector during current market challenges, ensuring the competitiveness and resilience of B.C.'s forestry industry.

Looking ahead, the Province will continue working with communities, First Nations, and industry to strengthen and modernize forestry management approaches to respond to changing economic and environmental conditions, unlock more fibre supply, and strengthen the sector's long term competitiveness.

*Community Disaster Resilience Investments*

The Province continues to support communities to prepare for and respond to the impacts of a changing climate by leveraging investments made to establish the Disaster Resilience and Innovation Fund in *Budget 2023*, as well as the Provincial Disaster Financial Assistance program.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 21 <br>

THREE YEAR FISCAL PLAN

Where possible, the Province leverages co-investment opportunities for projects, drawing from federal programs such as the Disaster Financial Assistance Arrangement, as well as the over $336 million that has been provided by the Province to the Community Emergency Preparedness Fund since 2017.

Recent key infrastructure upgrade project investments include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $60
 million was committed to the City of Merritt in 2024/25 to begin a multi-year project to
 relocate and rebuild two damaged dikes, which will result in better protection for the city
 following the significant impacts of flooding in November 2021. In 2025/26, a further
 $3 million was committed to begin planning construction of the next section of dike to help
 protect the Middlesboro area and downtown core from flooding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $10
 million was committed to the Village of Hazelton in 2025/26 to enhance an existing dike along
 the Skeena River, including a new 1.2-kilometre dike section. This project will help protect
 critical village infrastructure, including historical structures, homes, businesses, utilities,
 and cultural landmarks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $4
 million was committed to the City of Pitt Meadows for the Kennedy Drainage Pump Station upgrade
 to counter threats such as flood and sea-level rise, drought, and water scarcity. This project
 will increase the resilience of the City of Pitt Meadows and help protect people, businesses,
 farmers, and critical transportation networks from flooding.

The Province will continue to make investments to support community resilience and mitigate the impact of a changing climate, using the existing $70 million allocated to the Disaster Resilience and Innovation Fund over the three-year fiscal plan. Since 2024/25, the Disaster Resilience and Innovation Fund has invested over $27 million into 57 projects for First Nations and local governments to enhance their capacity to withstand and adapt to natural and climate-driven hazards.

*First Nations Equity Financing Program*

Government has completed development of guiding policies and criteria and will formally launch the First Nations Equity Financing Program in spring 2026. The program will support equity financing opportunities for First Nations to have meaningful participation in projects within British Columbia, where there is shared interest and readiness with the Province.

Through use of the First Nations Equity Financing Special Account and partnerships with First Nations, businesses, lenders, and the federal government and its agencies, the program will help ensure that provincial equity loan guarantees and other tools are responsive to First Nation investment priorities. This will be driven by value for both First Nations and the Province and reinforced by robust financial due diligence while being sustainable and affordable within the overall provincial fiscal plan.

While the Province is currently engaged in early work for projects in the energy sector, it also anticipates receiving other shared interest project proposals of varying sizes and sectors, as they become ready. The Province intends to establish a total cumulative loan guarantee limit of $1 billion for the special account, which will be reviewed annually.

22 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

THREE YEAR FISCAL PLAN

*Investing in Homes for People*

Investing in a healthy and sustainable housing market continues to be a priority for the Province. Since 2017, government has implemented significant policy changes and committed more than $19 billion in operating and capital to increase support and deliver homes people can afford.

These measures have delivered or are currently developing an estimated 95,000 homes. *Budget 2026* continues to make significant investments in housing, including over $2 billion each year.

Housing measures are focused on middle income housing, affordable rentals, supportive housing, and streamlining approvals. Funding has supported construction, subsidies for non-profit housing operators, and rental supplements. Government has also unlocked more homes by streamlining permitting and zoning, setting new housing targets to accelerate construction in over thirty municipalities, and putting in place laws and taxes to combat speculation and turn the empty units into homes for people.

Specific measures include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The
 launch of BC Builds in February 2024 to fast-track rental housing for middle-income
 households by leveraging public, community and non-profit owned and underused land and providing
 low-cost financing, grants, and streamlined approvals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Introduction
 of the Home Flipping Tax to discourage short-term property speculation and address inflated
 housing costs by taxing profits on homes sold within two years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Allowing
 small-scale, multi-unit housing that people can afford, including townhomes, duplexes and
 triplexes through zoning changes and proactive partnerships.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Actions
 like increasing property transfer tax exemptions and providing protection periods to support
 first-time home buyers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Providing
 low-interest loans to colleges and universities to expand student housing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Introducing
 an annual tax credit of up to $400 per year for renters, offering income-tested relief to
 help offset the rising cost of renting in the province.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Expansion
 and increase for the Rental Assistance Program (RAP) and Shelter Aid for Elderly Renters
 (SAFER) supplements. The RAP income cap was increased to $60,000 and the average benefit
 increased to approximately $700 per month. Senior renters saw SAFER supports increase as
 the income cap was raised to $40,000 and average monthly payments are now approximately $337.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 23 <br>

THREE YEAR FISCAL PLAN

Through *Budget 2026*, government is slowing the pace of new housing projects. This includes reallocating nearly $1.4 billion across the fiscal plan. Of this, government is reinvesting over $900 million to support demand for existing housing services and programs. This includes increased funding for non-profit housing operators, assisted-living supports for seniors and people with disabilities, and supporting thousands of new below-market homes through the Attainable Housing Initiative partnership with the Musqueam, Squamish and Tsleil-Waututh Nations.

*Budget 2026* investments in housing continue to be significant and are nearly five times higher than 2016, demonstrating a strong government commitment to creating healthy and sustainable housing options for people and communities.

***Making Neighbourhoods and Communities Safer***

Government is committed to fostering safe and strong communities by strengthening essential public safety and justice services. *Budget 2026* invests $139 million over three years to provide more community-specific supports to respond to public safety concerns and help to build capacity to ensure timely access to justice and other public safety programs.

Access to justice supports in *Budget 2026* includes funding for court operations, recruitment and retention of sheriffs, Crown counsel, the judiciary, legal aid, and the BC Prosecution Service.

*Budget 2026* also provides $16 million over the next two years to establish the Chronic Property Offending Intervention Initiative (CPOII). This new program builds on the success and model of Repeat Violent Offending Intervention Initiative (ReVOII) to provide dedicated, coordinated response teams to address repeat property offending. It also continues support for the ReVOII and Special Investigation and Targeted Enforcement (SITE) programs. Together these programs aim to reduce crime rates attributable to repeat violent offending and property crime, improve information sharing, and provide better outcomes for individuals through improved connection to health, housing, and social supports. Each of these programs are supported through temporary funding pending the results of a program review following the completion of an initial pilot period.

The Province has been successful in securing support from the federal government for more police officers, increased RCMP helicopter support, and national coordination of efforts to combat extortion. The BC Extortion Task Force is a first of its kind in the country, bringing together municipal, provincial, and federal agencies to coordinate intelligence sharing and investigations. Government has also established a community advisory group on extortion to ensure there is strong communication between law enforcement and businesses and community members so people are heard, supported, and safe. Government continues to ensure that police have the resources necessary to investigate threats, support victims, and arrest those responsible.

24 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

THREE YEAR FISCAL PLAN

Since 2018, government has invested $2.2 million towards preventing and addressing sexualized violence in post-secondary communities. Through this funding, government launched an annual sexual violence awareness campaign to proactively prevent sexual violence within post-secondary environments by increasing awareness, shifting attitudes, and empowering safe bystander intervention.

Government is also taking steps to expand the Civil Forfeiture Office (CFO), fulfilling a recommendation from the Cullen Commission into money laundering. The expansion will allow the CFO to conduct its own investigations and proactively identify money laundering schemes or pursue high value assets, continuing to ensure people cannot profit from unlawful activity or use property to seriously harm others. The expansion will be funded through forfeited funds and is expected to generate net revenue for the Province. These revenues support policing initiatives and the victims of crime.

**Table 1.2.5 Making Neighbourhoods and Communities Safer**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | 2026/27 | 2027/28 | 2028/29 | Total |
| Access to Justice | 23 | 25 | 25 | 73 |
| Repeat Violent Offending Intervention Initiative | 13 | 13 |  | 26 |
| Chronic Property Offending Intervention Initiative | 8 | 8 |  | 16 |
| Special Investigation and Targeted Enforcement programs | 7 | 7 |  | 14 |
| Community Safety and Targeted Enforcement | 5 | 5 | - | 10 |
| &nbsp;&nbsp;&nbsp;**Total** | **56** | **58** | **25** | **139** |

---

*Table may not sum due to rounding*

*Includes allocations funded from the Contingencies Vote*

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 25 <br>

THREE YEAR FISCAL PLAN

***BC Public Service***

The projection for full-time equivalent (FTE) staff utilization for government ministries is 37,500 in 2025/26. This reflects the estimated impact of hiring restrictions and job action.

Through *Budget 2026* and as part of expenditure management, government will reduce the size of the BC Public Service through continued hiring restrictions, attrition, and where appropriate, reviewing the possibility of offering early retirement incentives. As a result, FTE projections (adjusted for impacts of job action) decline by 2,500 from 2025/26 to 2028/29.

Further details can be found in the topic box on page 27 and Table A13.

**BC Public Sector Compensation**

There are more than 598,000 people in British Columbia's public sector working in the core BC Public Service, at Crown corporations and agencies, in health and community social services, K-12 public education and post-secondary institutions and research universities. Of those people, approximately 456,000 are unionized employees paid under collective agreements or professionals paid through negotiated compensation agreements.

The government and provincial public sector employers spend about $55.7 billion on total compensation. An increase of 1 per cent in total compensation for all B.C. public sector employees is estimated to cost $557 million. For unionized employees and others with negotiated agreements, a 1 per cent increase would cost over $441 million.

Fiscal year 2025/26 marked the beginning of a new round of collective bargaining between provincial public sector employers and unionized employees under the *Balanced Measures Mandate*. *Budget 2026* makes provision for collective agreements reached under the new mandate. Funding is allocated in the Contingencies Vote to prepare for the ratification of new collective agreements throughout the fiscal plan period.

26 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Three Year Fiscal Plan

**Expenditure Management and Efficiency Review**

As part of *Budget 2025*, government launched an expenditure management and efficiency review to help address the Province's challenging financial situation, while protecting the core services that British Columbians rely on. This work included initial savings targets, expenditure controls, and program reviews to limit administrative and discretionary spending, and streamline government operations.

Through *Budget 2026*, government will continue this work with an added focus on opportunities to reduce the size of the public sector to a more sustainable level. This includes continuing to actively manage the B.C. Public Service workforce to support effective use of skills and expertise, enable lateral movement, and ensure resources are directed to areas of greatest need.

By making careful choices and reinvesting savings into protecting core services, new funding in *Budget 2026* is at levels more comparable to pre-pandemic *Budget 2020*.

***Administrative and operating savings***

Government has exceeded its initial *Budget 2025* savings targets for 2025/26, 2026/27, and 2027/28. As of the third quarter of 2025/26, ministries have forecast savings of over $400 million in 2025/26, and *Budget 2026* includes estimated savings of $950 million in 2026/27, $1.2 billion in 2027/28, and $1.3 billion in 2028/29 and ongoing.

Savings in 2025/26 primarily consist of staffing adjustments (leaving non-critical positions vacant, consolidating positions), hiring restrictions, and reduced discretionary spending (e.g., travel, office and business expenses, conferences and events).

Measures with savings in 2026/27 and ongoing have been reflected through *Budget 2026*, impacting ministry base budgets and overall Contingencies Vote levels. This includes ongoing implementation of some of the measures discussed above, including reduced public service staffing levels due to further hiring restrictions, recalibrating government programs, and streamlining program delivery to reduce duplication and administrative costs.

Effective April 1, 2028, the B.C. Training and Education Savings Grant will be discontinued. This program, which provided $1,200 to eligible children's Registered Education Savings Plans, had an uptake of less than 50 per cent and disproportionately benefited families from areas with higher average household incomes. Discontinuing the program is expected to save $30 million annually starting in 2028/29.

**Table 1 - Expenditure Management and Workforce Reduction Targets**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **($millions)** | **2026/27** | **2027/28** | **2028/29** | **Total** |
| Expenditure management savings | 950 | 1240 | 1320 | 3510 |
| Workforce reduction targets | 200 | 800 | 1850 | 2850 |
| &nbsp;&nbsp;&nbsp;**Total estimated savings** | **1150** | **2040** | **3170** | **6360** |
| Funding reinvested in core services | (525) | (663) | (736) | (1924) |
| &nbsp;&nbsp;&nbsp;**Total savings, net of reinvestments** | **625** | **1377** | **2434** | **4436** |

---

Budget and Fiscal Plan - 2024/25 to 2026/27 \| 27 <br>

Three Year Fiscal Plan

However, funding for the Learning Fund for Young Adults, which provides $1,500 for young adults who have experience in government care, will be maintained.

In some cases, savings have been reinvested to address other pressures or priorities. Within the health sector, government has identified over $260 million in annual spending to be reinvested in higher priority core service areas.

Within the natural resources sector, over $34 million in savings from non-essential spending reductions have been reinvested toward enhanced permitting activities, almost completely offsetting the incremental increase.

Similarly, *Budget 2026* re-paces housing construction investments compared to recent historic levels. These measures will realize savings to government's bottom line but also allow government to reinvest some of these savings to address service delivery pressures. Reinvestments in housing include increased funding for non-profit housing operators facing higher costs and supporting new homes coming online, additional assisted-living support services for seniors and people with disabilities, and supporting thousands of new below-market homes through the Attainable Housing Initiative partnership with the Musqueam, Squamish and Tsleil-Waututh Nations.

***Streamlining government operations***

Ministries also reviewed their management and organizational structures, with a focus on mobilizing talent more effectively. This work has resulted in significant organizational changes, including the launch of Connected Services BC, the integration of strategic human resource services, and restructuring within several ministries, including the Ministry of Health, the Ministry of Education and Child Care, and the Ministry of Water, Land and Resource Stewardship.

*Connected Services BC*

Connected Services BC is a centralized organization implementing a new user-focused digital model. The goal for Connected Services BC is that by 2030, there will be one front door for people and businesses interacting with government online, creating a connected service experience that allows for whole-of-government coordination and reduces delays and duplication so that users:

· only
 need to enter information once, with systems that share data securely and appropriately across
 programs;

· find
 and access services more easily, with fewer steps and clearer information; and

· benefit
 from services that are reliable, connected, and designed around their needs.

Connected Services BC will bring together people, resources, and technology to improve collaboration, reduce duplication, and support innovation across government. This is anticipated to achieve $35 million in annual savings starting in 2026/27 through efficiency, optimization and integrated service delivery.

This transformation is part of government's broader modernization efforts, ensuring public services are more connected, responsive and centred on the needs of people in B.C.

*BC Public Service Human Resource (HR) Integration*

The BC Public Service Agency (PSA) provides leadership and oversight for human resources across the BC Public Service, ensuring a consistent, equitable, and people-centred experience for all employees. Integration of all strategic HR functions across the BC Public Service, from a model where the strategic HR function resides inside ministries to having an integrated strategic HR function in the PSA, reduces duplication, drives efficiency, and delivers consistent, high quality workforce solutions across ministries. An additional benefit of integration is accelerating equity, diversity, and inclusion (EDI) by centralizing expertise and consistent application.

28 \| Budget and Fiscal Plan - 2024/25 to 2026/27 <br>

Three Year Fiscal Plan

This change is anticipated to achieve incremental savings of $8 million by 2027/28 through role realignment and process optimization, and further enables ministries to focus on delivering essential programs and services to British Columbians effectively and efficiently.

*Health Authority Review*

Government is currently completing a health authority review to improve efficiency and increase resources dedicated to patient care. Efforts to reduce administrative costs have already identified $60 million in savings year-over-year through the reduction of more than 1,100 positions.

In spring 2026, government will begin centralizing a range of non-clinical services to continue streamlining administrative costs by establishing a shared services organization mandated to curb the rate of growing healthcare costs. This will include all or part of legal, supply chain, finance, human resources, information management and information technology, data and analytics, health system planning, and digital communications services across the healthcare system. The organization will redesign the shared services model, with a view to streamlining processes, centralizing to realize economies of scale, reducing total headcount, and eliminating duplicative positions.

The transition to the new model will occur over a defined and sequenced timeline. The specific implementation details are currently being finalized and will be shared as they are confirmed.

*Post-Secondary System Review*

In fall 2025, the Province launched an independent review of British Columbia's public post-secondary education system to ensure it remains sustainable, accessible, and aligned with British Columbia's workforce needs and economic priorities. The review is intended to identify strategies to stabilize the finances and operations of the sector in the short-term and strengthen its resilience over the long-term.

Public post-secondary institutions are facing significant financial pressure driven by federal reductions to international student study permits, declining domestic enrolment, and rising costs associated with global inflation. The review takes a holistic and integrated approach, examining all aspects of institutional operations and administration, as well as the structure and governance of the sector as a whole. In response to current pressures, institutions have already taken steps to reduce expenditures, including administrative budget reductions, hiring freezes, and program changes.

***Right-sizing the public sector***

Over the past 10 years, public sector job growth has increased by over forty per cent, including more than 80,000 FTEs since 2020. This has significantly outpaced economic growth and general population growth. Much of this growth can be attributed to improvements in services and delivering on government commitments in sectors such as health care and education (e.g., hiring more teachers, doctors, nurses and health science professionals). Unlike the federal public sector, a greater proportion of workers in B.C.'s public sector provide direct frontline services.

In tandem with ongoing efforts to restructure operations and consolidate internal services, government is pursuing attrition and workforce adjustments to return the size of the public sector to a more sustainable level and prevent cuts to core services. Government is committed to reducing approximately 15,000 public sector FTEs by the end of 2028/29, which represents 3.4 per cent of the public sector workforce.

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Three Year Fiscal Plan

This includes both the BC Public Service (ministries and offices) and the broader public sector, which includes Crown corporations, health authorities, school districts, research and teaching universities, community social services, and post-secondary colleges and institutions.

For the BC Public Service, government is planning to reduce total FTE utilization by 2,500 FTEs over the next three years. The Public Service Agency is undertaking work to support the ongoing optimization of management and organizational structures across the BC Public Service. This includes regular reviews to ensure structures remain efficient, sustainable, and aligned with contemporary public sector practices.

Transitions such as this can be difficult and government is committed to minimizing hardship for employees, while also protecting diversity and ensuring a strong, renewed cohort of public servants. To the greatest extent possible, these reductions will be achieved through attrition and voluntary departures. However, additional measures, such as early retirement and voluntary severance incentives may be necessary to help support the transition to a leaner core public service. Government will provide an update on its progress towards these goals through the quarterly financial reports.

*Broader public sector*

The path to ensure sustainability of public services and programs must include the active involvement of the broader provincial public sector. This year, government will work with its public sector partners to develop expenditure management plans and targets across these sectors.

Government recognizes that different sectors will have different capacities to adapt to a leaner workforce and some sectors must continue hiring into critical frontline positions, particularly in the health and K-12 sectors. Each ministry will engage in expenditure and program reviews with their respective sectors to ensure all provincially-funded services remain relevant, efficient, and sustainable. It is expected that our public sector employers will need to deploy similar strategies such as restricted hiring, office space consolidation, and reductions in administrative and overhead costs. Similarly, to the greatest degree possible, the aim will be to achieve any workforce adjustments through attrition and voluntary departures. Where it is deemed necessary, government will work with public sector partners to explore the potential use of voluntary retirement and severance incentives.

As the overall size of the public sector adjusts, so too, must its leadership. In the coming months, government will be developing specific targets to reduce the number of executive positions, with a focus on Crown corporations and the health sector.

Since launching its expenditure management review, government has implemented controls to limit expenses on management and other consulting services within the BC Public Service. Government will work to further create efficiencies across the broader public sector, reducing expenditure on non-essential consulting services by more than double the per cent reduction in size of the public sector workforce. This will further help prevent cuts to core services while reorganizing the public sector to be more accountable and better adapted to respond to the needs of British Columbians.

These expenditure and program reviews will guide the development of sector-specific targets for the broader public sector and government will provide updates on its progress to setting and achieving these goals through the quarterly financial reports.

30 \| Budget and Fiscal Plan - 2024/25 to 2026/27 <br>

Three Year Fiscal Plan

**Look West: Jobs and Prosperity for a Strong B.C. and Canada**

*Look West: Jobs and Prosperity for a Stronger B.C. and Canada* (Look West) is the Province of British Columbia's new long-term economic strategy designed to strengthen the provincial and national economies over the next decade. Developed in response to shifting global markets, U.S. tariff pressures, and the need for greater economic resilience, the strategy outlines a plan to grow and strengthen key sectors, accelerate major projects, create new jobs and opportunities, expand skills training, diversify markets, and position B.C. as the economic engine of Canada. The strategy leverages B.C.'s strengths including its prime geographic location, natural resources, strong partnerships with First Nations, and an innovative and diverse workforce to support nation-building projects and attract investments to build a stronger province.

***A Vision for Growth and Prosperity***

The strategy sets an ambitious goal to secure $200 billion in private-sector investment over the next decade, ensuring British Columbia is at the forefront of delivering nation-building projects. It positions the province as a key contributor to national sovereignty, economic security, and clean-energy transformation, while bringing good jobs and economic opportunities to B.C. communities. By diversifying markets and reducing reliance on the U.S., the Look West strategy aims to create long-term economic stability while seeking new global partnerships.

***Three Core Priorities***

The strategy is structured around three pillars:

**1. Building on B.C.'s Strengths: Supporting Workers and Communities**

Look West charts a path to deliver major projects, create good jobs and strengthen B.C. and Canada's economic security in the face of economic threats. *Budget 2026* includes $283 million in new funding over three years to support the commitments set out in this targeted plan.

Of this, $241 million over three years will double funding for SkilledTradesBC. This investment follows a deliberate, phased approach by first stabilizing and modernizing the system, then expanding capacity in a way that is sustainable, responsive, and aligned with labour-market needs. This funding will address waitlists and increase per seat funding at certified training institutions, particularly in high-demand and priority trades. This initiative will expand Skilled Trades Certification, beginning with crane operators, to ensure more trades have clear, consistent pathways to certification. This investment strengthens the trades training system while building the capacity, flexibility, and sustainability needed to support B.C.'s economy for years to come.

Funding of $30 million over three years will establish dedicated funding to train highly qualified professionals by adding specialized streams to existing programs, improving alliances between industry and post-secondary partners, and accelerating growth in technology-related degrees. Funding streams will support fields like engineering, geology, computer science, biology and aerospace. Investing in focused streams will enable government to quickly implement the additional training needed and get more trained workers into priority areas (like critical minerals, marine, transportation and advanced technology).

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Three Year Fiscal Plan

$12 million over three years will enhance the employer training grant, helping to double apprenticeship seats by 2028/29 from current levels.

**Table 1 Skilled Workforce Investments**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **($ millions)** | **2026/27** | **2027/28** | **2028/29** | **Total** |
| SkilledTradesBC | 54 | 80 | 107 | 241 |
| Highly Qualified Professionals | 10 | 10 | 10 | 30 |
| Employer Training Grant | 4 | 4 | 4 | 12 |
| &nbsp;&nbsp;&nbsp;**Total** | **68** | **94** | **121** | **283** |

---

*Tables may not sum due to rounding*

**2. Generating Growth Through Major Projects**

Look West emphasizes the need to accelerate major projects, including clean-energy investments, infrastructure expansion, and industrial development. The strategy seeks a 50 per cent reduction in permitting times, improving predictability for investors and unlocking faster economic growth.

This government is growing B.C.'s economy through supporting generational, nation-building major projects that are intended to diversify B.C.'s economy, create good jobs and strengthen the province. Currently, B.C. has almost half of the major projects designated as Projects of National Significance by the federal Major Projects office, including:

· <u>LNG Canada Phase 2</u>: this enhancement to the LNG Canada facility will make it the second-largest
 LNG facility globally, with significant economic and environmental benefits.

· <u>Red Chris Mine Expansion</u>: managed in partnership with the Tahltan First Nation, the proposed
 expansion of the Red Chris Mine will significantly increase production of gold and copper,
 critical minerals in high demand around the world, while creating 1,800 jobs.

· <u>North Coast Transmission Line</u>: co-owned with First Nations, it will deliver B.C.'s renewable
 energy to the North Coast communities and new industrial areas, supporting growth in mining,
 LNG, and clean technology, and creating 9,700 direct full-time jobs.

· <u>Ksi Lisims LNG</u>: a proposed floating LNG facility, led by Nisga'a Nation, is expected
 to create 800 jobs during construction and more than 200 jobs ongoing at the site.

In June 2025, legislation was brought into force that expanded the authority of the BC Energy Regulator to include renewable energy projects, creating a single window approval for permits related to designated projects, including the North Coast Transmission Line and nine wind projects. It streamlines the permitting process by eliminating cross-ministry and agency permitting, while ensuring environmental standards are upheld.

Recent work by the Environmental Assessment Office has demonstrated government's commitment to coordinating complex decisions and reducing unnecessary steps and procedural work. By integrating certificate amendments with ministry permitting reviews, more than a year has been shaved off the typical review timelines for complex mining amendment decisions, while ensuring that environmental protections are maintained and consultation obligations are met.

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Three Year Fiscal Plan

Building on the past three years of progress in speeding up and streamlining permitting, *Budget 2026* invests more than $40 million over three years to provide stable, ongoing funding that strengthens permitting capacity across the natural resource and tourism sectors. This investment supports government's broader strategy to modernize permitting and regulatory frameworks by removing barriers, delays, and duplication for businesses. Funding supports multiple ministries to improve permitting efficiency, advance priority projects, and create greater stability and certainty for major projects, helping attract investment and support good jobs for people.

**3. Moving B.C. Forward: Diversifying Markets and Growing Key Sectors**

B.C. is Canada's gateway to the Pacific, with the ports of Vancouver and Prince Rupert serving as the primary economic corridor for trade diversification with Asia and other markets. With the Look West, the Province is building pathways to explore new markets, grow B.C.'s presence nationally and globally, and strengthen the province's trade infrastructure to get more goods to the global market and reduce reliance on the U.S.

A core focus of the strategy is accelerating growth in high-potential sectors, including critical minerals, clean energy, technology, life sciences, construction innovation, marine, aerospace, and defence.

The strategy commits to reshaping construction industry by scaling up factory-built wood-based solutions to unlock new growth and trade opportunities, create good jobs and set the national standard for speed and quality. B.C. provided Western Forest Products' Chemainus Value Added Division with up to $7.5 million to add two new continuous dry kilns to its manufacturing operations. This investment supports the company to expand high-value applications for second-growth western hemlock, including in future mass-timber inputs. It also increases the stability of its operation and harvesting operations on Vancouver Island.

Enhancing B.C.'s thriving life sciences and biomanufacturing sector is a significant part of Look West. The Province provided $23.8 million as part of a $200 million partnership with the Government of Canada and the private sector toward the expansion of Aspect Biosystems in Vancouver. This investment is creating more than 200 jobs and will advance the development of cutting-edge bioprinted tissue therapeutics for people in B.C. and around the globe.

Building on the strength of success stories such as Seaspan, Babcock Canada, OSI Maritime, and Titan Boats, the strategy seeks to expand and optimize B.C.'s maritime sector. To that end, B.C. invested $25 million to modernize and expand B.C.'s maritime sector, as part of the B.C. Maritime Industries Strategy, which aims to build a more competitive, innovative, and low-carbon marine sector. The strategy is also expanding the province's aerospace capacity for successful national and international defence contracts. B.C. provided COTA Aviation Ltd. (Parksville) with $2.7 million to increase production of dual-use (commercial and military) aircraft components, strengthening COTA's position in B.C.'s and Canada's aerospace industry while creating 22 skilled jobs.

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Three Year Fiscal Plan

*Budget 2026* allocates $400 million in funding for the new British Columbia Strategic Investments Special Account. This includes introducing new financial tools that will allow the Province to directly participate in the revenue growth of B.C. businesses through direct investments that include equity loans and other interests, as part of government's support for private sector growth and good jobs for British Columbians.

Funding will enable B.C. to work collaboratively with the Government of Canada as it invests billions of dollars to secure Canada's sovereignty, along with the jobs and economic opportunities these projects will bring. The account will be used to attract investments that build on B.C.'s strengths in clean energy, value-added forestry, manufacturing, responsible mining, life sciences, AI and quantum, maritime sector and aerospace, and clean technology. Government will be looking to build on its recent successes, including an investment of up to $41.5 million in the Integrated Marketplace Initiative, and the Manufacturing Jobs Fund which has committed nearly $153 million since 2023, leading to more than $1.1 billion in investments and creating and protecting more than 4,800 jobs.

The Integrated Marketplace helps B.C. companies build, test and prove how well their products work. It is a key tool that B.C. is using to accelerate exports, diversify markets and help B.C. companies make sales that help them grow, scale and mitigate the impacts of U.S. tariffs. For example, a project with Misty West, in partnership with Vancouver International Airport (YVR), is deploying an AI-enabled vision system to collect continuous and accurate traffic and emissions data at YVR.

The project serves as a foundation for supporting the Province's goal in Look West to double exports while also demonstrating dual use technologies that can support Canada's defence and sovereignty.

**Lifting Productivity and Innovation**

*Budget 2026* includes tax measures that support a more innovative and productive B.C.

*New Manufacturing and Processing Investment Tax Credit*

B.C.'s manufacturing sector is one of the province's largest economic sectors, producing a diversity of products from chemicals and minerals to consumer products and industrial equipment. These businesses can become more productive when they invest in new equipment and machinery. To support these investments, B.C. will be introducing a new temporary manufacturing and processing investment tax credit for the manufacturing sector. The new program will provide a 15 per cent refundable tax credit for qualifying corporations investing in buildings and machinery and equipment used in manufacturing and processing.

*B.C. Patent Box for Life Sciences*

Patent boxes are a way governments can encourage innovation by providing a tax incentive on income earned from intellectual property. In 2026, the Province will engage with stakeholders and the Government of Canada to explore whether adopting a patent box regime could support the growth of B.C.'s life sciences sector, and whether the tax system can help encourage the commercialization of intellectual property in the province.

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Three Year Fiscal Plan

"Life sciences" refers to fields that involve the scientific study of living organisms. British Columbia's life sciences sector includes contract research firms, testing and medical labs, and companies that develop, produce or sell medical devices, diagnostics, pharmaceuticals, radiopharmaceuticals, and other reagents. The sector is a driver of economic growth, innovation, and healthcare advancement for the Province.

*B.C. Scientific Research and Experimental Development (B.C. SRED) Tax Credit*

The B.C. SRED tax credit incentivizes corporations to invest in research and development, driving more innovation and increased productivity in British Columbia. In particular, the refundable tax credit portion of the program for small and medium-sized Canadian businesses helps these businesses through liquidity issues before the end product has been commercialized and the corporation is profitable. In effect, government is partnering with business to shoulder a portion of the risk associated with these investments, recognizing that all British Columbians benefit when new ideas are explored, developed and perfected through private sector investment. To give businesses certainty when making these investments, *Budget 2026* removes the tax credit's sunset date.

*Budget 2026* also confirms that the Province will align the B.C. SRED tax credit with changes to the federal program that were announced in the federal government's 2024 federal Fall Economic Statement and 2025 federal Budget.

Increasing the thresholds for refundable credits and expanding access to the credit for eligible Canadian public corporations will help small and medium-sized corporations scale up in British Columbia. Restoring eligibility of capital expenditures will support long-term capital investment. See page 82 for further details.

*Small Business Venture Capital Program*

The Small Business Venture Capital Program offers tax credits to investors to encourage them to make equity capital investments in B.C.-based small businesses. This helps to keep investments local and supports businesses to scale and grow the various supply chain, technology and advanced manufacturing businesses in B.C.

**A Strategy Built on Partnership, Innovation, and Shared Prosperity**

Look West emphasizes the importance of collaboration across sectors. Partnerships with First Nations are central to delivering major projects that support reconciliation, economic development, and shared prosperity. Collaboration with industry is also essential to building competitive supply chains and ensuring regulatory changes meet the needs of businesses, such as reducing permitting times, growing the workforce, and diversifying markets.

**Conclusion**

Look West sets out a bold, forward-looking roadmap for economic resilience and shared prosperity. By investing in people, accelerating major projects, and strengthening high-potential sectors, the strategy positions British Columbia as a leader in national economic growth. These actions support B.C.'s goal of becoming the economic engine of Canada — unlocking new opportunities, delivering good-paying jobs, and ensuring long-term stability for communities across the province.

Budget and Fiscal Plan - 2024/25 to 2026/27 \| 35 <br>

Three Year Fiscal Plan

***Spending Recovered from Third Parties***

Over the three-year fiscal plan period, government is expected to incur $18.1 billion in program spending that will be recovered from external parties.

A total of $8.2 billion, over three years, will be transferred from the federal government to fund various programs, such as the *Canada-Wide Early Learning and Child Care Agreement*, the *Labour Market Development Agreement*, health, public transit and other social programs.

Over the fiscal plan, an estimated $4.4 billion in interest payments will be recovered from commercial Crown corporations, through the Fiscal Agency Loan Program and from sinking-fund investment returns.

Various recovery sources, primarily other jurisdictions, other levels of government, agencies, and fees and licenses, support $5.5 billion in government spending. Expenses that relate to these recoveries include health care, PharmaCare, transportation projects, and grants to various community organizations and costs of employee health benefits collected from participating government agencies.

Program spending from recoveries has no net impact to the government's fiscal plan as these expenses are offset by the related recoveries that are reported as revenue.

***Transfers to Service Delivery Agencies***

Approximately 66 per cent of ministry spending takes the form of transfers (both operating and capital funding) to service delivery agencies for the provision of services on behalf of government. These transfers will total $159.1 billion over the three-year fiscal plan period and will support education, health care, social services, housing, and transportation programs delivered by the agencies. These service delivery agencies include the SUCH sector (schools, universities, colleges and health organizations), Community Living BC, BC Housing Management Commission, BC Transit, and the BC Transportation Financing Authority.

***Service Delivery Agency Spending***

Service delivery agency spending is projected to increase from $58.1 billion in 2025/26 to $61.5 billion by 2028/29, an increase of $3.4 billion. Actual spending of agencies may vary as they may be allocated additional funding during the year from ministries or from the Contingencies Vote.

School district spending is projected to increase from $9.5 billion in 2025/26 to $9.7 billion in 2028/29, an increase of $181 million, primarily to support the growth in public school funding, particularly for inclusive education designations.

Post-secondary institution expenditures are projected to rise from $9.1 billion in 2025/26 to $9.5 billion by 2028/29, an increase of $394 million. This increase is primarily driven by amortization and operating costs associated with new major infrastructure initiatives, including student housing projects, the Simon Fraser University medical school, and impacts of general inflation on operating costs. A secondary contributor is salary expenses; however, the overall increase in this area remains relatively modest due to mitigation measures implemented in response to declining international student enrolment.

36 \| Budget and Fiscal Plan - 2024/25 to 2026/27 <br>

Three Year Fiscal Plan

Health authority and hospital society spending is projected to increase from $30.6 billion in 2025/26 to $32.8 billion in 2028/29, an increase of $2.2 billion over the fiscal plan period. This increased spending will support improved health system capacity, the growing demand for health services, enhancements to long-term care quality, recruitment and the staffing and operating costs required to meet projected service volume growth in healthcare services delivered across these organizations.

Projected spending by other service delivery agencies is expected to increase from $9.0 billion in 2025/26 to $9.5 billion in 2028/29, an increase of $566 million. This increase is primarily due to higher spending by the BC Transportation Financing Authority to support services in the transportation sector.

For a presentation of the government's consolidated spending in various sectors, please see Table A11 Expense by Function. The expense by function table combines the spending by ministries and service delivery agencies into sectors such as health, education, social services, and transportation.

Budget and Fiscal Plan - 2024/25 to 2026/27 \| 37 <br>

Three Year Fiscal Plan

**Table 1.3 Expense by Ministry, Program and Agency**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Updated | Budget | | |
|  | Forecast | Estimate | Plan | Plan |
| ($ millions) | 2025/26<sup>1</sup> | 2026/27 | 2027/28 | 2028/29 |
| &nbsp;&nbsp;&nbsp;Office of the Premier | 18 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp;Agriculture and Food | 151 | 135 | 130 | 130 |
| &nbsp;&nbsp;&nbsp;Attorney General | 872 | 897 | 899 | 899 |
| &nbsp;&nbsp;&nbsp;Children and Family Development | 2400 | 2712 | 2594 | 2599 |
| &nbsp;&nbsp;&nbsp;Citizens' Services | 759 | 741 | 735 | 715 |
| &nbsp;&nbsp;&nbsp;Education and Child Care | 9779 | 10069 | 10136 | 10126 |
| &nbsp;&nbsp;&nbsp;Emergency Management and Climate Readiness | 442 | 111 | 108 | 108 |
| &nbsp;&nbsp;&nbsp;Energy and Climate Solutions | 107 | 109 | 108 | 108 |
| &nbsp;&nbsp;&nbsp;Environment and Parks | 224 | 214 | 213 | 213 |
| &nbsp;&nbsp;&nbsp;Finance | 1582 | 1145 | 974 | 944 |
| &nbsp;&nbsp;&nbsp;Forests | 1325 | 910 | 860 | 868 |
| &nbsp;&nbsp;&nbsp;Health | 35017 | 36116 | 37240 | 38404 |
| &nbsp;&nbsp;&nbsp;Housing and Municipal Affairs | 1535 | 1713 | 1777 | 1851 |
| &nbsp;&nbsp;&nbsp;Indigenous Relations and Reconciliation | 186 | 182 | 191 | 187 |
| &nbsp;&nbsp;&nbsp;Infrastructure | 421 | 421 | 421 | 421 |
| &nbsp;&nbsp;&nbsp;Jobs and Economic Growth | 86 | 110 | 101 | 90 |
| &nbsp;&nbsp;&nbsp;Labour | 24 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp;Mining and Critical Minerals | 70 | 57 | 57 | 57 |
| &nbsp;&nbsp;&nbsp;Post-Secondary Education and Future Skills | 3510 | 3580 | 3607 | 3634 |
| &nbsp;&nbsp;&nbsp;Public Safety and Solicitor General | 1104 | 1100 | 1100 | 1099 |
| &nbsp;&nbsp;&nbsp;Social Development and Poverty Reduction | 5705 | 5977 | 6057 | 6156 |
| &nbsp;&nbsp;&nbsp;Tourism, Arts, Culture and Sport | 191 | 189 | 183 | 183 |
| &nbsp;&nbsp;&nbsp;Transportation and Transit | 1177 | 1197 | 1198 | 1198 |
| &nbsp;&nbsp;&nbsp;Water, Land and Resource Stewardship | 197 | 202 | 199 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total ministries and Office of the Premier** | **66882** | **67926** | **68927** | **70228** |
| &nbsp;&nbsp;&nbsp;Management of public funds and debt | 2887 | 3798 | 4644 | 5404 |
| &nbsp;&nbsp;&nbsp;Contingencies Vote | 4000 | 5000 | 5000 | 5000 |
| &nbsp;&nbsp;&nbsp;Funding for capital expenditures | 5480 | 6153 | 6383 | 5346 |
| &nbsp;&nbsp;&nbsp;Refundable tax credit transfers | 2620 | 2466 | 2787 | 2922 |
| &nbsp;&nbsp;&nbsp;Legislative Assembly and other appropriations | 243 | 265 | 256 | 258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total appropriations** | **82112** | **85608** | **87997** | **89158** |
| &nbsp;&nbsp;&nbsp;Elimination of transactions between appropriations<sup>2</sup> | (24) | (23) | (23) | (13) |
| &nbsp;&nbsp;&nbsp;Prior year liability adjustments | (31) | - | - | - |
| **Consolidated revenue fund expense** | **82057** | **85585** | **87974** | **89145** |
| &nbsp;&nbsp;&nbsp;Expenses recovered from external entities | 6038 | 6388 | 5934 | 5767 |
| &nbsp;&nbsp;&nbsp;Funding provided to service delivery agencies | (51144) | (52471) | (53413) | (53201) |
| **Total direct program spending** | **36951** | **39502** | **40495** | **41711** |
| **Service delivery agency expense** <sup>3</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;School districts | 9523 | 9606 | 9676 | 9704 |
| &nbsp;&nbsp;&nbsp;Universities | 7201 | 7350 | 7484 | 7648 |
| &nbsp;&nbsp;&nbsp;Colleges and institutes | 1853 | 1779 | 1765 | 1800 |
| &nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 30605 | 31297 | 31986 | 32800 |
| &nbsp;&nbsp;&nbsp;Other service delivery agencies | 8963 | 9298 | 9337 | 9528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total service delivery agency expense** | **58145** | **59330** | **60248** | **61480** |
| **Subtotal expense** | **95096** | **98832** | **100743** | **103191** |
| &nbsp;&nbsp;&nbsp;Expenditure management<sup>4</sup> | (400) | - | - | - |
| **Total expense** | **94696** | **98832** | **100743** | **103191** |

---

<sup>1</sup> Restated to reflect government's organization and accounting policies as of April 1, 2026.

<sup>2</sup> Reflects payments made under an agreement where an expense from a voted appropriation is recorded as revenue by a special account.

<sup>3</sup> The 2025/26 spending for service delivery agencies includes funding that was provided during the year from ministries' budget and contingencies. Similarly, spending forecasts for 2026/27 and future years may also be revised as ministry funding amounts are updated in-year.

<sup>4</sup> *Budget 2025* expenditure management targets for 2026/27 onwards have been reflected in the each ministry's base budget. For more information, see the Expenditure Management and Efficiency Review topic box starting on page 27.

38 \| Budget and Fiscal Plan - 2024/25 to 2026/27 <br>

Three Year Fiscal Plan

**Table 1.4 Revenue by Source**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Updated | Budget | | |
|  | Forecast | Estimate | Plan | Plan |
| ($ millions) | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| **Taxation revenue** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Personal income | 19186 | 19492 | 20704 | 22004 |
| &nbsp;&nbsp;&nbsp;Corporate income | 7957 | 7645 | 8158 | 8162 |
| &nbsp;&nbsp;&nbsp;Employer health | 3075 | 3167 | 3264 | 3382 |
| &nbsp;&nbsp;&nbsp;Sales | 10687 | 11436 | 12120 | 12545 |
| &nbsp;&nbsp;&nbsp;Fuel | 1014 | 1039 | 1054 | 1069 |
| &nbsp;&nbsp;&nbsp;Carbon <sup>1</sup> | 262 | 334 | 386 | 440 |
| &nbsp;&nbsp;&nbsp;Tobacco | 291 | 311 | 311 | 311 |
| &nbsp;&nbsp;&nbsp;Property | 4067 | 4451 | 4979 | 5330 |
| &nbsp;&nbsp;&nbsp;Property transfer | 1750 | 1935 | 2077 | 2229 |
| &nbsp;&nbsp;&nbsp;Insurance premium and other | 935 | 965 | 985 | 1005 |
|  | **49224** | **50775** | **54038** | **56477** |
| **Natural resource revenue** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Natural gas royalties | 942 | 1297 | 1305 | 1572 |
| &nbsp;&nbsp;&nbsp;Forests | 505 | 521 | 518 | 556 |
| &nbsp;&nbsp;&nbsp;Other natural resources <sup>2</sup> | 1108 | 1193 | 1354 | 1421 |
|  | **2555** | **3011** | **3177** | **3549** |
| **Other revenue** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Post-secondary education fees | 2691 | 2578 | 2598 | 2658 |
| &nbsp;&nbsp;&nbsp;Other fees and licences 3 | 2607 | 2664 | 2725 | 2659 |
| &nbsp;&nbsp;&nbsp;Investment earnings | 1823 | 2000 | 2133 | 2255 |
| &nbsp;&nbsp;&nbsp;Miscellaneous <sup>4</sup> | 7657 | 5207 | 4979 | 4996 |
|  | **14778** | **12449** | **12435** | **12568** |
| **Contributions from the federal government** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Health and social transfers | 9822 | 10309 | 10764 | 11161 |
| &nbsp;&nbsp;&nbsp;Other federal government contributions <sup>5</sup> | 4788 | 5159 | 4339 | 4174 |
|  | **14610** | **15468** | **15103** | **15335** |
| **Commercial Crown corporation net income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Hydro | 712 | 712 | 712 | 712 |
| &nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 950 | 945 | 897 | 847 |
| &nbsp;&nbsp;&nbsp;BC Lottery Corporation <sup>6</sup> | 1269 | 1293 | 1339 | 1386 |
| &nbsp;&nbsp;&nbsp;ICBC | 800 | 700 | 700 | 700 |
| &nbsp;&nbsp;&nbsp;Other <sup>7</sup> | 184 | 170 | 177 | 180 |
|  | **3915** | **3820** | **3825** | **3825** |
| **Total revenue** | **85082** | **85523** | **88578** | **91754** |

---

<sup>1</sup> Include revenue related to output-based pricing system.

<sup>2</sup> Columbia River Treaty, Crown land tenures, other energy and minerals, water rental, and other resources.

<sup>3</sup> Health-care related, motor vehicle, and other fees.

<sup>4</sup> Miscellaneous revenue includes $2.725 billion in 2025/26 in relation to the tobacco settlement and $139 million in 2026/27 to reflect the addition of health sector regulatory colleges under the *Health Professions and Occupations Act* to the government reporting entity effective April 1, 2026.

<sup>5</sup> Includes contributions for health, education, community development, housing and social service programs, transportation projects, and payments under the *Disaster Financial Assistance Arrangements*.

<sup>6</sup> Net of payments to the federal government and payments to the BC First Nations Gaming Revenue Sharing Limited Partnership in accordance with section 14.3 of the *Gaming Control Act (B.C.).*

<sup>7</sup> Includes Columbia Power Corporation, BC Railway Company, Columbia Basin power projects, and other agencies' self-supported subsidiaries.

Budget and Fiscal Plan - 2024/25 to 2026/27 \| 39 <br>

Three Year Fiscal Plan

**Revenue**

Total revenue is expected to slightly increase 0.5 per cent from 2025/26 to 2026/27, followed by an increase of 3.6 per cent in 2027/28 and in 2028/29. Taxation revenues incorporate increased risk and uncertainty due to the U.S. tariffs included in the economic forecast, as well as new revenue measures detailed in *Part 2 - Tax Measures*.

The forecast also reflects increasing natural resource revenues over the three-year fiscal plan mainly due to the inclusion of projected increased natural gas royalties related to the production requirements of liquefied natural gas (LNG) and rising commodity prices. Over the fiscal plan period, revenue increases in taxation, natural resources, commercial Crown corporations net income and other sources while revenue falls on contributions from the federal government.

**Chart 1.2 Revenue Forecast**

![](tm265823d1_ex99-5sp3img01.jpg)

Taxation revenue is projected to slightly increase in 2026/27 due to the estimated impacts of tax measures and growth in economic activity, partly offset by the effect of one-time income tax revenues in 2025/26 that do not carry forward. The forecast includes tax measures that increase personal income tax, provincial sales tax and property tax revenues as well as higher tax reassessments due to increased audit activity over the fiscal plan. Effective April 1, 2025, the carbon tax revenue forecast excludes the consumer carbon tax and now relates to the output-based pricing system, under which large regulated industrial operations will pay for emissions that exceed performance-based emissions limits. Taxation revenue is forecast to average 5.5 per cent annual growth over the last two years of the fiscal plan, supported by tax measures and nominal GDP growth.

40 \| Budget and Fiscal Plan - 2024/25 to 2026/27 <br>

Three Year Fiscal Plan

Natural resource revenue is forecast to increase by 17.8 per cent in 2026/27 from 2025/26 due to significant increases expected in natural gas prices as well as increases in lumber prices, overall stumpage rates, electricity, coal and metal prices. Revenue is expected to increase at an average of 8.6 per cent over the next two years, mainly reflecting the effects of an assumed gradual rise in lumber, natural gas, coal and metal prices, and LNG export activity.

Other revenue consists of fees, licences, investment earnings and other miscellaneous sources, incorporating estimates provided by ministries and taxpayer-supported agencies. Over the next three years, these revenues are projected to be relatively flat as higher revenue from fees and investment earnings are offset by lower miscellaneous revenue.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** | **Table 1.5.1 Comparison of Major Factors Underlying Revenue** |
| Calendar Year | February 17, 2026 | February 17, 2026 | February 17, 2026 | February 17, 2026 | March 4, 2025 | March 4, 2025 | March 4, 2025 | March 4, 2025 |
| Per cent growth unless otherwise indicated | 2025 | 2026 | 2027 | 2028 | 2025 | 2026 | 2027 | 2028 |
| Real GDP | 1.5 | 1.3 | 1.8 | 1.9 | 1.8 | 1.9 | 1.9 | 2.1 |
| Nominal GDP | 4.1 | 4.4 | 4.1 | 4.2 | 4.3 | 4.3 | 4.2 | 4.4 |
| Household income | 3.4 | 3.4 | 3.8 | 4.2 | 4.1 | 4 | 4.2 | 4.2 |
| Wages and salaries | 2.6 | 3.3 | 3.3 | 3.9 | 4.5 | 3.9 | 3.7 | 3.9 |
| Corporations net operating surplus | 8.1 | 9.6 | 4.6 | 3.4 | -1.2 | 2.1 | 2.6 | 5.3 |
| Employment | 1.1 | 0.4 | 0.8 | 1 | 0.8 | 0.8 | 1 | 1.1 |
| Consumer expenditures on durable goods | 10.9 | 3 | 2.8 | 3.5 | 3.3 | 3.2 | 3.3 | 3.2 |
| Consumer expenditures on goods and services | 5 | 3.6 | 4.2 | 4.6 | 4.2 | 3.8 | 4.6 | 4.7 |
| Business investment | 3.4 | 4.1 | 3.2 | 2.1 | 5.1 | 5.3 | 2.9 | 4.6 |
| Residential investment | 1 | 3.8 | 5.9 | 6.4 | 6.4 | 6.6 | 6 | 6.4 |
| Retail sales | 5.8 | 2.4 | 3.3 | 3.8 | 2.6 | 3.1 | 3.5 | 3.6 |
| Residential sales value | -8.4 | 13.1 | 7.6 | 6.5 | 15.9 | 6.7 | 5.1 | 5.6 |
| B.C. Housing starts | -3.6 | 0 | 3.9 | 3.4 | 1.6 | 2.7 | 1.8 | 2.7 |
| U.S. Housing starts | -0.9 | -0.7 | 1.9 | 1.1 | -0.3 | 2.9 | 0 | 0 |
| SPF 2x4 price ($US/thousand board feet) | $467 | $470 | $490 | $495 | $440 | $445 | $450 | $450 |
| Exchange rate (US cents/Canadian dollar) | 71.5 | 73.6 | 75.6 | 77 | 70 | 71.8 | 74.5 | 75.8 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Fiscal Year | 2025/26 | 2026/27 | 2027/28 | 2028/29 | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| Natural gas price ($Cdn/GJ at plant inlet) | $1.12 | $2.18 | $2.39 | $2.48 | $1.30 | $1.69 | $1.75 | $1.77 |
| Bonus bid average bid price per hectare ($) | $3200 | $200 | $200 | $200 | $200 | $300 | $300 | $300 |
| Electricity price ($US/mega-watt hour, Mid-C) | $60 | $60 | $58 | $63 | $69 | $71 | $67 | $71 |
| Metallurgical coal price ($US/tonne, fob Australia) | $189 | $198 | $205 | $209 | $218 | $215 | $214 | $212 |
| Copper price ($US/lb) | $4.70 | $4.97 | $4.96 | $5.03 | $4.32 | $4.39 | $4.65 | $4.73 |
| Average stumpage rates ($Cdn/cubic metre) | $14.94 | $15.24 | $15.14 | $16.44 | $18.20 | $19.21 | $19.54 | $20.59 |
| Crown harvest volumes (million cubic metres) | 29 | 29 | 29 | 29 | 30 | 30 | 29 | 29 |

---

Federal government contributions are forecast to increase by 5.9 per cent in 2026/27 mainly due to rising Canada Health and Social transfers and an increase in funding to post-secondary institutions. Canada Health Transfer and Canada Social Transfer contributions are forecast to average 4.1 per cent annual growth over the last two years in the fiscal plan period. However, other federal government transfers are projected to decline at an average of 10.1 per cent annually over the same period, resulting in an overall decline of 0.4 per cent over the two year period. These reductions are mainly due to timing of forecasts for payments under the *Disaster Financial Assistance Arrangements* and lower funding for health care, child care, public transit and transfers to BC Housing Management Commission. Funding for these programs is generally updated annually and increases in future years will be shown in future budgets.

Budget and Fiscal Plan - 2024/25 to 2026/27 \| 41 <br>

Three Year Fiscal Plan

***Major Revenue Sources***

Table 1.5.1 provides major revenue assumptions for *Budget 2026*. Additional key assumptions and sensitivities relating to revenue are provided in Appendix Table A5. The sensitivities included in the appendix provide a sense of potential impacts to revenue projections if there are changes to underlying assumptions and factors by individual revenue sources. The major revenue components are detailed below.

**Taxation revenue**

*Personal income tax* revenue is expected to grow 1.6 per cent in 2026/27 reflecting tax measures, increase in wages and salaries, investment income and improved financial market indicators, partly offset by the effect of one-time prior year adjustment included in 2025/26. An average annual increase of 6.2 per cent is expected over the next two years, in line with projected increases in household income and the estimated impacts of new tax measures. For more details refer to *Part 2: Tax Measures* on page 79.

**Table 1.5.2 Personal Income Tax Revenue**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| **Base personal income tax revenue** | **18242** | **19079** | **20024** | **21022** |
| Base revenue annual growth |  | 4.6% | 5.0% | 5.0% |
| &nbsp;&nbsp;&nbsp;Budget 2026 tax measure: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase lowest personal income tax rate from 5.06% to 5.60% | 118 | 476 | 493 | 513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase B.C. tax reduction credit by $115 | (27) | (123) | (122) | (121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeze personal income tax brackets and non-refundable credits |  | 60 | 309 | 590 |
| Prior-year adjustment | 853 |  |  |  |
| **Budget 2026 revenue** | **19186** | **19492** | **20704** | **22004** |
| Annual growth | 12.7% | 1.6% | 6.2% | 6.3% |
| Household income growth (calendar year) | 3.4% | 3.4% | 3.8% | 4.2% |
| Employee compensation income growth (calendar year) | 2.6% | 3.3% | 3.3% | 3.9% |

---

*Corporate income tax* revenue is mainly based on cash installments received from the federal government, reflecting estimates of current year tax and settlement adjustments for prior years. Revenue is expected to decrease 3.9 per cent in 2026/27 mainly due to a significant one time settlement payment received in 2025/26 that does not carry forward. An average annual increase of 3.3 per cent is expected over the two years of the fiscal plan due to annual changes in installments as well as expected settlement payments relating to prior years.

**Table 1.5.3 Corporate Income Tax Revenue**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **($ millions)** | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| Advance installments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;– Payment share | 12.91% | 12.93% | 12.99% | 12.72% |
| &nbsp;&nbsp;&nbsp;– Installments | 7221 | 7699 | 8025 | 8027 |
| Prior-years' settlement payment | 736 | (54) | 133 | 135 |
| **Corporate income tax revenue** | **7957** | **7645** | **8158** | **8162** |
| Annual per cent growth | -3.7% | -3.9% | 6.7% | 0.0% |

---

42 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

*Employer health tax* revenue growth is expected to average 3.2 per cent annually over the three year fiscal plan, consistent with forecast growth in wages and salaries.

*Provincial sales tax* revenue is expected to average 5.5 per cent growth annually over the three year fiscal plan, in line with expected increases in nominal GDP, consumer expenditure on taxable goods and new tax measures. The forecast also incorporates tax measures relating to expanding the provincial sales tax to include professional services and repealing outdated exemptions. The measures are outlined in *Part 2 - Tax Measures.*

**Table 1.5.4 Sales Tax Revenue**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **($ millions)** | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| **Provincial sales taxes** | **10687** | **11436** | **12120** | **12545** |
| &nbsp;&nbsp;&nbsp;Growth rate | 3.1% | 7.0% | 6.0% | 3.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual per cent change (calendar year) | 2025 | 2026 | 2027 | 2028 |
| &nbsp;&nbsp;&nbsp;Consumer expenditures on durable goods | 10.9% | 3.0% | 2.8% | 3.5% |
| &nbsp;&nbsp;&nbsp;Consumer expenditures on goods and services | 5.0% | 3.6% | 4.2% | 4.6% |
| &nbsp;&nbsp;&nbsp;Residential investment | 1.0% | 3.8% | 5.9% | 6.4% |
| &nbsp;&nbsp;&nbsp;Business investment | 3.4% | 4.1% | 3.2% | 2.1% |
| &nbsp;&nbsp;&nbsp;Government expenditures | 5.2% | 3.5% | 0.8% | 2.0% |
| &nbsp;&nbsp;&nbsp;Nominal GDP | 4.1% | 4.4% | 4.1% | 4.2% |
| &nbsp;&nbsp;&nbsp;Retail sales | 5.8% | 2.4% | 3.3% | 3.8% |

---

*Motor fuel tax* revenue is expected to increase an annual average of 1.8 per cent over the three-year plan mainly due to relatively flat growth in gasoline and diesel purchase volumes which comprise about 76 per cent of total fuel tax revenues.

*Output-based pricing system* revenue collected from large industrial emitters is expected to average 18.9 per cent growth annually over the next three years, mainly reflecting increasing compliance charge rates and stringency requirements.

*Property tax* revenue is forecast to grow at an average of 9.4 per cent annually over the next three years, reflecting new tax measures and growth in nominal GDP. The forecast includes the implementation of residential, non-residential and rural tax rates to increase in line with the three year average of nominal GDP instead of inflation, effective January 1, 2026. The tax rates for additional school tax for properties worth over $3 million will also increase effective January 1, 2027. Tax measures are outlined in *Part 2 - Tax Measures*.

*Property transfer tax* revenue growth is expected to average 8.4 per cent annually over the next three years, consistent with expected annual changes in residential sales values.

**Natural resource revenue**

*Natural gas royalties* revenue growth is expected to average 18.6 per cent annually over the three-year fiscal plan mainly due to increased royalties from natural gas liquids, higher natural gas prices and production volumes. Natural gas royalty rates are sensitive to prices in the $1.22 to $2.82 ($Cdn/gigajoule, plant inlet) range, with the effective royalty rate expected to rise as prices increase.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 43

Three Year Fiscal Plan

The forecast assumes an average natural gas price of $2.18 ($Cdn/gigajoule, plant inlet) in 2026/27, up from $1.12 in 2025/26. This assumption is within the 20<sup>th</sup> percentile of the private sector forecasters, continuing the prudence the province has incorporated since 2013/14. Prices are expected to increase over the next two years to $2.39 in 2027/28 and $2.48 in 2028/29, consistent with the growth of the average of the private sector forecasts. See Appendix Table A5 and A6 for more details regarding natural gas price forecasts.

**Chart 1.3 Revenue from Energy, Metals, and Minerals**

![](tm265823d1_ex99-5s4img01.jpg)

*Mining and minerals* revenue is forecast to increase 32.6 per cent in 2026/27 mainly due to higher tax revenue reflecting higher coal production volume and commodity prices. Over the following two years, revenue is projected to increase at a 28.2 per cent annual average rate mainly due to improved mine profitability and higher commodity prices. Over the four years to 2028/29, the forecast assumes payments of $272 million to First Nations in support of mining revenue sharing agreements.

Revenue from electricity sales under the Columbia River Treaty is relatively flat over the three year fiscal plan mainly reflecting higher Mid Columbia electricity prices, offset by the impacts of a weaker U.S. dollar.

*Other energy* revenue is comprised of bonus bids and rents on drilling licences and leases, petroleum royalties, and fees collected by the BC Energy Regulator. Revenues are expected to increase 6.7 per cent in the last two years of the fiscal plan, mainly due to higher fees collected by the BC Energy Regulator, effects of higher petroleum prices, partially offset by lower revenue from bonus bids and rents on drilling licenses and leases.

44 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

*Forest* revenue growth is expected to average 3.3 per cent annually over the three year fiscal plan mainly due to higher overall stumpage rates reflecting an improved outlook for lumber prices partly offset by rising industry costs. Total annual harvest volume on Crown land is projected to average 29 million cubic metres over the fiscal plan period. Over the four years to 2027/28, the forecast assumes payments of $293 million to First Nations in support of Forest Consultation and Revenue Sharing Agreements.

*Other natural resource* revenue is comprised of water rentals collected under the *Water Sustainability Act* and fees for hunting and fishing licences collected under the *Wildlife Act*. These forecasts are expected to increase at a 9.7 per cent annual average rate over the three year fiscal plan mainly due to higher water rental revenues from increased power generation, mainly reflecting the impacts of Site C and higher expected rainfall and snowpack levels.

**Other Revenue**

*Fees and licences*: Over the three-year fiscal plan, revenue from fees and licences is expected to be flat. Fee revenue projections from schools, universities, colleges and health authorities (SUCH sector) account for 67 per cent of the total fee revenue forecast.

*Investment earnings*: Over the next three years, investment income is expected to average 7.3 per cent annual growth mainly due to higher recoveries related to government's Fiscal Agency Loan program, which has an equal and offsetting higher expense, resulting in no net impact on the projected annual deficit. These recoveries are expected to comprise approximately 69 per cent of total investment earnings.

*Miscellaneous* revenue includes sales of goods and services, fines and penalties, and other miscellaneous items, are projected to increase slightly over the fiscal plan period. The 2025/26 forecast update includes the one-time tobacco settlement of $2.7 billion that does not carry forward. Approximately 55 per cent of the annual miscellaneous revenue is made up of sales of goods and services earned by the SUCH sector entities.

**Federal Government Transfers**

*Canada Health Transfer* (CHT) and *Canada Social Transfer* (CST) contributions are expected to increase at a 4.4 per cent annual average rate over the three year fiscal plan mainly reflecting increasing national CHT and CST cash amounts and a relatively stable B.C. population share of the national total. The plan assumes the national CHT cash disbursement increases 5.0 per cent over 2025/26 through 2027/28 and 3.7 per cent in 2028/29. The 2026/27 cash disbursement is based on a three year average (2024 to 2026) of Canada's forecast of nominal GDP growth. The forecast adopts the most recently published federal government outlook for national nominal GDP. The total CST cash disbursement is projected to increase 3.0 per cent annually, consistent with the federal government forecast.

*Other federal government contributions* are expected to increase 7.7 per cent in 2026/27 mainly due to higher funding in support of health care, public transit and transfers under the *Disaster Financial Assistance Arrangements* (DFAA). Over the next two years, other federal government contributions are expected to decrease by an average of 10.1 per cent annually mainly due to reduced program funding in support of health care, local government, public transit, housing and transfers under the DFAA. The decreases are partially offset by increased transfers to post-secondary institutions.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 45

Three Year Fiscal Plan

**Table 1.5.5 Federal Government Contributions**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **($ millions)** | 2025/26 | 2026/27 | 2027/28 | 2028/29 |
| Canada Health Transfer | 7450 | 7855 | 8239 | 8556 |
| Canada Social Transfer | 2372 | 2454 | 2525 | 2605 |
| Total Health and Social Transfers | 9822 | 10309 | 10764 | 11161 |
| Disaster Financial Assistance Arrangements | 434 | 520 | 207 | 357 |
| BC Housing Management Commission | 236 | 205 | 221 | 22 |
| Ministry Vote Recoveries | 2870 | 3167 | 2620 | 2462 |
| Other Transfers to Ministries and Agencies | 1248 | 1267 | 1291 | 1333 |
| Total Other Contributions | 4788 | 5159 | 4339 | 4174 |
| **Total Federal Government Contributions** | **14610** | **15468** | **15103** | **15335** |
| &nbsp;&nbsp;&nbsp;BC share of national population (July 1) | 13.68% | 13.68% | 13.67% | 13.69% |

---

**Commercial Crown Corporations**

British Columbia Hydro and Power Authority (BC Hydro): BC Hydro's annual net-income target for the purpose of rate setting is set by regulation. Consistent with previous years, the forecast assumes a net income of $712 million in each year of the three year fiscal plan. The payment of dividends to government was phased out several years ago to assist with stabilizing rate increases and improve BC Hydro's capital structure to a 60:40 debt to equity ratio (currently 80:20). No dividend payments are forecast during the fiscal plan period.

British Columbia Liquor Distribution Branch (LDB): LDB is projecting an annual net income of $945 million in 2026/27 with modest reductions in each year of the fiscal plan period. Reductions to net income reflect lower expected sales revenue due to economic conditions, shifts in consumer purchase preferences, and a downward trend in liquor consumption.

British Columbia Lottery Corporation (BCLC): BCLC's forecast net income<sup>1</sup> is $1.29 billion for 2026/27, $1.34 billion for 2027/28, and $1.39 billion for 2028/29. Approximately 23 per cent of the corporation's total net income is distributed to community gaming grants, host local governments, and the BC First Nations Gaming Revenue Sharing Limited Partnership. The remaining net income is used to support government programs including health care.

Insurance Corporation of British Columbia (ICBC): ICBC is forecasting annual net income of $700 million for all fiscal years over the plan period. The forecast is subject to a number of financial and behavioural assumptions and actual results could vary from these projections.

For more information relating to commercial Crown corporations, please see Service Plans listed on the *Budget 2026* website or the corporations' respective websites.

<sup>1</sup> Government reports BCLC's net income net of payments to the federal government and payments to the BC First Nations Gaming Revenue Sharing Limited Partnership in accordance with section 14.3 of the *Gaming Control Act (B.C.).*

46 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

**I** **nvestments in Clean Energy**

One of the key components of B.C.'s Look West strategy is expanding clean energy capacity to drive nation building economic growth, deliver critical minerals, and create the renewable energy the world needs. BC Hydro, one of many organizations making the vision of Look West a reality, is continuing to invest in clean energy to help households, businesses and industries save on their energy bills and switch from fossil fuels to clean electricity. This helps reduce the pollution that is driving climate change, reduce costs for clean energy users, and build healthier communities.

Today, the Province is in a unique position to turn global trade uncertainty into momentum for growth and transformation In May 2025, government introduced additional measures through the made-in-B.C. Clean Power Action Plan to support government's commitment to strengthen our economy and diversify trade. This plan ensures B.C.'s electricity system — built on the strong foundation of BC Hydro's service — is equipped to enable stability and strong economic growth, increase supply for new homes, businesses, and industries, create jobs for British Columbians, and maintain affordable rates for customers. With a legacy of innovation and a forward-looking vision, the Province is ready to power the future.

The Province continues to work in close collaboration with First Nations and the clean-energy sector in delivering on this plan. The 2024 call for power resulted in 10 new renewable energy projects, with First Nations asset ownership between 49 per cent and 51 per cent, capable of powering about 500,000 new homes. The 10 projects include one solar project (the ShTSaQU Solar Project in Logan Lake), and nine wind projects (including Yəyus Energy in Campbell River, and the Nithi Mountain Wind Project in Fraser Lake). Together, the 10 projects are expected to generate up to $6 billion in private investment, with up to $3 billion under First Nations ownership, and create approximately 2,000 jobs annually during construction. The projects will also deliver power at prices 40 per cent lower than BC Hydro's last clean-power process in 2010, after adjusting for inflation. The 2025 call for power, currently underway, aims to acquire a target of up to 5,000 gigawatt hours per year of energy from large, clean and renewable projects in partnership with First Nations and independent power producers. The 2024 and 2025 call for power projects will collectively generate enough energy to power one million homes and boost B.C.'s power supply by 16 per cent. The Province is committed to completing regular calls for power to continue securing new sources of affordable, clean electricity that will support British Columbia's expanding economy and create thousands of skilled jobs. BC Hydro's next call for power is anticipated to be in 2028.

In addition to increasing B.C.'s energy capacity through various renewable energy projects, BC Hydro recently launched a competitive process to allocate electricity to support and strengthen emerging technology sectors in B.C., including AI and data centers.

To help supply clean power to British Columbians across the province, BC Hydro is continuing to implement its 10-Year Capital Plan to expand and strengthen community and regional electrical infrastructure. This multi-year $36 billion investment, announced in January 2024, will help to ensure that BC Hydro can reliably deliver clean power to new homes, businesses, and industries when and where they need it. These important investments create economic opportunities across the province, including around 10,000 jobs for skilled workers, and economic growth for First Nations and communities. In concert with electricity infrastructure investments, BC Hydro continues to support households, communities and industry with programs to support affordability and greenhouse gas (GHG) emission reductions. Since 2022, BC Hydro has invested over $532 million on energy efficiency and electrification programs, achieving more than 1,800 gigawatts of energy savings and 351 megawatts of capacity savings through 2024/25. Going forward, BC Hydro has committed $348 million in 2026/27 to support customers in becoming more energy efficient, switch from fossil fuels to clean electricity (including in remote communities), and expand B.C.'s EV charging infrastructure. Planned program expenditures for 2027/28 and 2028/29 are expected to maintain this level of investment in alignment with BC Hydro's 2021 and 2025 Integrated Resource Plan. BC Hydro's program expenditures are coordinated with government and subject to BC Hydro Board and British Columbia Utilities Commission approval.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 47

Three Year Fiscal Plan

*Budget 2026* also maintains government's commitment to additional rebate programming for electric heat pumps for low- and moderate-income households, including those in multi-unit residential buildings, to support homeowners in improving energy efficiency. This includes over $60 million through the Better Homes Better Buildings programs, maintaining a key component of CleanBC programming while the results of the formal review of CleanBC are being considered by the Province.

In addition, the Province continues to support programs to advance innovation and adoption of clean-energy technology projects through the Clean Industry Fund and the Innovative Clean Energy Fund.

*Budget 2026* includes $35 million for the 2026 intake of the Clean Industry Fund, a program that supports the development, trial and deployment of projects that reduce GHG emissions from large industrial operations in British Columbia. Since its inception in 2019, the Clean Industry Fund has provided more than $368 million in funding to 173 projects, estimated to achieve 14 million tonnes of greenhouse gas emissions over 10 years, the equivalent of eliminating over 20 per cent of emissions from all heavy-duty vehicles in B.C.

*Budget 2026* also sustains the Innovative Clean Energy Fund, which leverages revenues collected through a levy on certain energy sales to support clean energy technology that helps to advance B.C.'s clean energy sector. Since 2008, the Innovation Clean Energy Fund has committed over $124 million to support pre-commercial clean energy technology projects, clean energy vehicles, research and development, and energy efficiency programs.

48 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

**Capital Spending**

In *Budget 2026*, capital spending on schools, hospitals, roads, bridges, hydro-electric projects and other infrastructure throughout the province is expected to total $52.9 billion over the fiscal plan period. These investments will create good jobs in communities throughout the province and ensure the necessary infrastructure is in place to deliver and improve services for British Columbians.

**Table 1.6 Capital Spending**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 |
| **Taxpayer-supported** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Education |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schools (K–12) | 1377 | 1503 | 1395 | 1046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 1484 | 1657 | 1488 | 1281 |
| &nbsp;&nbsp;&nbsp;Health | 3713 | 3796 | 3924 | 3385 |
| &nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 4027 | 4791 | 4382 | 3513 |
| &nbsp;&nbsp;&nbsp;BC Transit | 295 | 325 | 489 | 347 |
| &nbsp;&nbsp;&nbsp;Government ministries | 562 | 483 | 410 | 466 |
| &nbsp;&nbsp;&nbsp;Social housing <sup>1</sup> | 775 | 914 | 959 | 794 |
| &nbsp;&nbsp;&nbsp;Other <sup>2</sup> | 234 | 195 | 70 | 53 |
| &nbsp;&nbsp;&nbsp;**Total taxpayer-supported** | **12467** | **13664** | **13117** | **10885** |
| **Self-supported** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Hydro | 4288 | 4760 | 4839 | 4991 |
| &nbsp;&nbsp;&nbsp;Columbia Basin power projects <sup>3</sup> | 18 | 19 | 23 | 18 |
| &nbsp;&nbsp;&nbsp;BC Railway Company | 4 | 6 | 6 | 4 |
| &nbsp;&nbsp;&nbsp;ICBC | 178 | 113 | 60 | 61 |
| &nbsp;&nbsp;&nbsp;BC Lottery Corporation | 98 | 95 | 90 | 90 |
| &nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 20 | 20 | 30 | 30 |
| &nbsp;&nbsp;&nbsp;**Total self-supported** | **4606** | **5013** | **5048** | **5194** |
| **Total capital spending** | **17073** | **18677** | **18165** | **16079** |

---

<sup>1</sup> Includes BC Housing Management Commission.

<sup>2</sup> Includes BC Pavilion Corporation, Royal BC Museum and other service delivery agencies.

<sup>3</sup> Joint ventures of the Columbia Power Corporation and Columbia Basin Trust.

***Taxpayer-Supported Capital Spending***

Taxpayer-supported capital spending over the next three years will total $37.7 billion. Spending supports completion of approved projects along with investments to sustain provincial infrastructure, including schools, post-secondary facilities, roads, bridges, and hospitals. The *Budget 2026* three-year total is $8.2 billion lower than *Budget 2025* due to the wind down of spending as major projects approach completion such as stal̕əw̓asəm (Riverview) Bridge, Dawson Creek and District Hospital and New St. Paul's Hospital; changes to the timing of cashflows; and resequencing of major capital projects stemming from the capital plan review. Moderation will help temper construction cost escalation and support a competitive debt-to-GDP ratio. Further details on the capital plan review are discussed in the capital topic box on page 66.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 49

Three Year Fiscal Plan

**Investments in Schools**

Over the fiscal plan, approximately $3.9 billion will be invested in K-12 schools throughout the province. This includes continued investment in seismic replacements and upgrades as well as projects to address enrolment growth in fast growing communities.

Examples of K-12 capital investments in *Budget 2026* include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $203 million for the new Smith Secondary School in the Langley School District. The 1,900-student capacity school is expected to
complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $176 million for replacement of Mission Senior Secondary School in the Mission School District. The 1,500-student capacity school
will include a neighbourhood learning centre. The school is expected to complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $144 million for the replacement of Pitt Meadows Secondary School in the Maple Ridge-Pitt Meadows School District. The 1,100-student
capacity secondary school will include a neighbourhood learning centre. The school is expected to complete in 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $127 million for replacement of Prince Rupert Middle School in the Prince Rupert School District, under the Seismic Mitigation Program.
The 600-student capacity school will be located on the current site and will include a neighbourhood learning centre. The school is
expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $103 million for the new Smith Middle School in the Langley School District. The 900-student capacity school will include a neighbourhood
learning centre. The school is expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $101 million for the new Burtch Road Middle School in the Central Okanagan School District. The 800-student capacity school will
include a neighbourhood learning centre. The school is expected to complete in 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $73 million for the new Beausoleil (Lansdowne) School in the Conseil scolaire francophone School District. The 465-student capacity
school will include a neighbourhood learning centre. The school is expected to complete in 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $65 million for the new Simcoe Elementary School in the New Westminster School District. The 605-student capacity school is expected
to complete in 2028.

**Supporting Post-Secondary Education**

*Budget 2026* includes $4.4 billion in total capital spending over the next three years by post-secondary institutions throughout the province. These investments will build capacity to support future workforce and economic development needs in key sectors, including health, science, trades and technology. A significant portion of this capital investment is funded through other sources, including foundations, donations, institutions, revenues generated from services, and federal funding.

Current investments in the post-secondary sector include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $521 million to construct the permanent School of Medicine at Simon Fraser University in Surrey, strategically located as part of
a major regional transit hub and closely integrated into the existing Surrey campus and civic infrastructure. The project is expected
to complete in 2030.

50 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $150 million to expand the Engineering and Computer Science building and construct a new High Bay Research and Structures Lab building
at the University of Victoria. The project is expected to complete in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $58 million for construction of a four-storey hybrid mass timber Centre for Food Wine and Tourism at the Okanagan College campus in
Kelowna. The project is expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The provincial student housing program was launched in 2018 to increase the number of student housing beds at B.C.'s public
post-secondary institutions. Approved projects include:

$143 million to construct an eight-storey, 358-bed student housing building with an adjacent 161-seat dining hall at Kwantlen Polytechnic University in Surrey. The project is expected to complete in 2030.

$24 million to construct 101 beds of student housing in a four-storey building with mass timber elements at the Okanagan College campus in Penticton. The project is expected to complete in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The B.C. Knowledge Development Fund provides capital investment funding for research infrastructure across the province, enabling
institutions to attract researchers and skilled technicians. Projects include:

$70 million for the Advanced Therapeutics Manufacturing Facility in Canada's Immuno-Engineering and Biomanufacturing Hub at the University of British Columbia in Vancouver for the development and manufacturing of medical treatments. This project is expected to complete in 2028.

**Expanding and Upgrading Health Facilities**

Capital spending on infrastructure in the health sector will total $11.1 billion over the next three years. These investments support construction of major projects; upgrading health facilities; additional long-term care beds; and investments to improve access to primary care. These investments are supported by funding from the Province as well as other sources, such as regional hospital districts and foundations.

Examples of health sector capital investments in *Budget 2026* include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.9 billion toward a net-new hospital and integrated cancer centre in Surrey. The hospital will include 168 inpatient beds, an emergency
department, a medical imaging department, a surgical suite, a pharmacy, and a laboratory. The project is expected to complete in 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.3 billion toward a new St. Paul's Hospital at the Station Street site in Vancouver, which will include capacity for 548 inpatient
beds, a new and larger emergency department, a surgical suite, consolidated specialty outpatient clinics and an underground parkade. The
project is expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.0 billion for the redevelopment of Richmond Hospital. The redevelopment is a multi-phased project that includes a new 216-bed
acute care tower, which will replace the original North Tower. The new tower is anticipated to be open for patients in 2028. Renovations
to the South Tower and demolition of the North Tower will follow and is expected to complete in 2033.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 51

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $1.9 billion for Phases 2 and 3 of the Royal Columbian Hospital Redevelopment. Phase 2 is an 11-storey, 388-bed, acute care tower
including critical care and maternity, a new and expanded emergency department, a new surgical and interventional suite and an underground
parkade. The tower is expected to open in 2026, with Phase 3 renovation early works expected to complete in 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $1.6 billion for the construction of a new Acute Care Tower at the University Hospital of Northern BC. The new six-storey clinical
services tower will include 211 beds with updated surgical, cardiac, and mental health and addictions services. The project is expected
to complete in 2031.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $1.4 billion to replace the Cowichan District Hospital in Duncan with a new 204-bed hospital on a greenfield site in North Cowichan.
The replacement hospital will increase inpatient beds and emergency department treatment spaces. The project is expected to complete in
2027. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $715 million for the construction of two cancer centres, one in Kamloops and one in Nanaimo. The Kamloops project includes a standalone
five-storey facility and a 470-stall parkade. The planned Nanaimo facility will be four storeys and will be connected to the hospital.
Both projects are expected to complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $590 million for the Replacement of the Dawson Creek and District Hospital. The new hospital will include 70 inpatient beds, an increase
of 24 beds. The project also includes an expansion of the emergency department, surgical and operating space, and ambulatory care services.
The project is expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $367 million for the redevelopment of the Cariboo Memorial Hospital in Williams Lake, which includes construction of a three-storey
addition and renovation of vacated spaces in the existing hospital. The redeveloped hospital will include 53 inpatient beds, an increase
of 25 beds, and a larger emergency department. The new addition is expected to open in 2026, while the renovations are expected to complete
in 2029.

**Supporting the Transportation Investment Plan**

Over the three years of the fiscal plan, transportation capital investments total $13.8 billion. The Province has secured federal cost sharing on projects and has leveraged investments through other partnerships.

The transportation capital plan includes investments in programs alongside an array of transit, infrastructure and highway improvements, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $6.0 billion to construct the Surrey Langley SkyTrain project to add a 16-kilometre extension of the existing Expo Line. The project
will run on an elevated guideway primarily along Fraser Highway from King George Station to 203 Street in Langley City. The project is
expected to complete in 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $4.3 billion towards the Highway 99 Tunnel Program, including
an eight-lane immersed tube Fraser River Tunnel that will replace the George Massey Tunnel, providing a toll-free crossing that aligns
with regional interests and improves transit, cycling and walking connections across the Fraser River. Other parts of the program including
the Steveston Interchange, transit and cycling projects worth $137 million are now in use. The tunnel project is in design, and the estimated
cost of the project is being updated and reviewed as the design and contract negotiations progress. The Transportation Investment Plan
(Table 1.7) includes an updated forecast of cash flows for the tunnel project. Due to commercial sensitivities related to releasing an
updated estimate for the project before a contract is executed, the Province will update the project budget and schedule once negotiations
with the contractor have concluded.

52 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $3.0 billion for the Broadway Subway project, which will add 5.7 kilometres of SkyTrain line and six stations. The project will provide
frequent and reliable access to one of the most congested transit corridors in Metro Vancouver, meet current and future transportation
needs, reduce traffic congestion and air pollution, and improve livability. The project is under construction and is expected to complete
in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.7 billion investment towards the Highway 1 Mount Lehman Road to Highway 11 project, Phase 3B of the Fraser Valley Highway 1 Corridor
Improvement Program. Phase 3B will include several improvements along an 8 kilometre length of Highway 1 from the Mount Lehman Road Interchange
to Highway 11. The project is expected to complete in 2031.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.3 billion investment towards the Highway 1 264th Street to Mount Lehman Road project, Phase 3A of the Fraser Valley Highway 1 Corridor
Improvement Program. This phase will include several improvements along a 13 kilometre length of Highway 1 from the 264th Street Interchange
to Mount Lehman Road. The project is expected to complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $2.2 billion over three years to preserve and sustain transportation assets in order to maintain the safety and integrity of existing
infrastructure. Examples include bridge rehabilitation, corridor paving, intersection improvements and culvert upgrades with investments
throughout the province.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $416 million investment toward the redevelopment of the Belleville Terminal. The project will provide a safe, secure, state-of-the-art
international gateway terminal for passengers and goods. The project is expected to complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $230 million towards the Highway 8 Corridor Project that will provide a permanent long-term solution to reinstate sites impacted by
the 2021 atmospheric river event to pre-event conditions. The project will see the construction of two new climate-resilient 2-lane bridge
structures and restore 13 kilometres of laneway lost to flooding. The project is expected to complete in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $93 million to construct a new Highway 1 Sackum Overhead Bridge that will replace the current bridge approximately 22 kilometres east
of Lytton and 13 kilometres west of Spences Bridge. The project will see the replacement of the existing end-of-life bridge with a new
2-lane bridge crossing the Canadian Pacific Kansas City Railway and Sackum Creek on Highway 1. The project is expected to complete in
2027. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $64 million investment to rehabilitate the Agassiz-Rosedale Bridge that will address steel degradation and improve the drainage system
to extend the service life of the bridge. The project is expected to complete in 2029.

Approximately $14.0 billion for transportation operating and capital investments over the next three years include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $12.3 billion of provincial investment in transportation infrastructure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $1.7 billion of investment leveraged through federal cost sharing and partnerships with local governments and other organizations.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 53

Three Year Fiscal Plan

**T** **able 1.7 Provincial Transportation Investments**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Updated<br> Forecast<br> 2025/26** | **Budget<br> Estimate<br> 2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **Fiscal <br> Plan <br> Total** |
| **Provincial investments:** |  |  |  |  |  |
| – Highway corridor rehabilitation | 378 | 487 | 459 | 447 | 1393 |
| – Side road improvements | 190 | 197 | 201 | 202 | 600 |
| – Pattullo Bridge replacement | 184 | 176 | 103 | 93 | 372 |
| – Highway 99 Tunnel Program <sup>1</sup> | 246 | 718 | 1320 | 1424 | 3462 |
| – Transportation Infrastructure Recovery | 42 | 48 | 27 |  | 75 |
| – Fraser Valley Highway 1 Corridor Improvements Program | 474 | 618 | 506 | 413 | 1537 |
| – Highway 1 to Alberta border | 139 | 137 | 93 | 162 | 392 |
| – Broadway Subway | 274 | 275 | 175 | 108 | 558 |
| – Surrey Langley Skytrain | 1122 | 842 | 660 | 260 | 1762 |
| – Transit Infrastructure | 165 | 418 | 414 | 212 | 1044 |
| – Transportation and Trade Network Reliability | 293 | 333 | 304 | 207 | 844 |
| – Safety improvements | 61 | 91 | 75 | 70 | 236 |
| – Community and other programs | 25 | 21 | 22 | 23 | 66 |
| &nbsp;&nbsp;&nbsp;**Total provincial investments** | **3593** | **4361** | **4359** | **3621** | **12341** |
| Investments funded through contributions from other partners | 753 | 835 | 485 | 326 | 1646 |
| **Total investments in transportation infrastructure <sup>2</sup>** | **4346** | **5196** | **4844** | **3947** | **13987** |

---

<sup>1</sup> Includes the Fraser River Tunnel Project and Highway 99/Steveston Interchange Transit & Cycling Improvements. This includes an updated forecast of cash flows for the tunnel project.

<sup>2</sup> Total investments include operating and capital spending.

**Investments in Housing**

Over the next three years, approximately $2.7 billion in taxpayer-supported capital spending will be invested to build housing across British Columbia. These projects are expected to create thousands of new homes over the next three years, providing a mix of shelter space, supportive housing, affordable housing, and near-market rental housing.

Housing projects are financed through a combination of government transfers for the development and purchase of provincially-owned assets and operating grants for the development and purchase of non-provincially-owned assets.

Examples of housing capital investments in *Budget 2026* include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $221 million to develop 328 units through the Woodland Park affordable rental housing project, located at 296 Angela Drive, Port Moody.
The project is expected to complete in 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $188 million to develop 97 units through the Clark & 1st Avenue project, located at 1353 East 1st Avenue, Vancouver. The
project is developed by BC Housing, in partnership with Vancouver Coastal Health and the City of Vancouver. The project is expected to
complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $173 million to develop 300 units through the 128 to 132 East Cordova Street project in Vancouver. This is a partnership between
BC Housing, the City of Vancouver, Canada Mortgage and Housing Corporation and the Salvation Army Vancouver. The project is expected
to complete in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $153 million to develop 205 units through the Pandora housing project, located at 926-930 Pandora Avenue, Victoria. The project is
being developed in partnership with the City of Victoria and the Capital Region Housing Corporation. The project is expected to complete
in 2029.

54 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $151 million to develop 248 units through the 1015 East Hastings project in Vancouver. This project is a partnership between BC Housing,
the Vancouver Aboriginal Friendship Centre Society, and the City of Vancouver. The project is expected to complete in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $120 million to develop 176 units through the Bertram project, located at 1451 Bertram Street, Kelowna. The project will provide
non-market and affordable market rental housing for moderate to middle-income families. The project is expected to complete in 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $79 million to develop 109 units through the King Edward supportive housing project, located at 1406 and 1410 East King Edward Avenue,
Vancouver. The project is expected to complete in 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $71 million to develop 94 units through the Pender supportive housing project, located at 343 West Pender Street, Vancouver. The
project will provide low-income seniors who are homeless or at risk of becoming homeless with stable tenancy and additional supports.
The project is expected to complete in 2029.

**Ministry Capital Spending**

*Budget 2026* includes $1.4 billion in capital spending by government ministries over the fiscal plan period. This will support investments in maintaining, upgrading and expanding infrastructure, such as provincial park amenities, wildfire facilities and equipment, courthouses, correctional centres, office buildings and information systems.

Current and planned capital investments made by government ministries include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $496 million for the Plant and Animal Health Centre in Abbotsford to support monitoring, detection and prevention of disease spread.
The facility will replace the Animal Health Centre damaged during the 2021 flooding and is expected to complete in 2031.

**Capital Project Reserves**

The three-year capital plan includes $150 million of central reserves.

**Financing Capital Projects**

Provincial capital infrastructure spending is financed through a combination of sources:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· direct borrowing (debt financing);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· operating cash surplus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· cost sharing with partners (e.g. federal government, regional hospital districts); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· partnerships with the private sector (public-private-partnerships, or P3s).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 55

Three Year Fiscal Plan

**Self-Supported Capital Spending**

Capital investments of self-supported commercial Crown agencies are projected to total over $15.3 billion over the fiscal plan period. Self-supported investments mainly include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $14.6 billion of total self-supported capital spending for electrical generation, transmission and distribution projects to meet growing
customer demand and to enhance reliability. Included in this total is construction of a third dam and hydroelectric generating station
on the Peace River through the Site C project. BC Hydro's electricity system was largely built in the 1960s, 1970s, and 1980s and
B.C.'s population and economy continue to grow. BC Hydro is upgrading and maintaining aging assets and will embark on an unprecedented
level of construction over the next 10 years, expanding British Columbia's electricity system for the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $234 million for ICBC projects, including the costs for the head office relocation, investments in information technology, and facility
maintenance and upgrades.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $275 million for BC Lottery Corporation projects, including replacement of key legacy business systems, expansion of the lottery distribution
network, and acquisition of gaming equipment to support lottery, PlayNow internet gaming, casino and community gaming activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $80 million for Liquor Distribution Branch projects, including investments for updates and improvements to liquor stores, technology-related
projects, and ongoing operating equipment replacements.

Table 1.8 provides information on major capital projects, and further details on provincial capital investments are shown in the service plans of ministries and Crown agencies.

***Projects Over $50 million***

Approved major capital projects with multi-year budgets totaling $50 million or more, including provincial funding, are shown in Table 1.8. Annual allocations of the budget for these projects are included as part of the provincial government's capital investment spending shown in Table 1.6.

In addition to financing through provincial sources, major projects may be cost-shared with the federal government, municipalities and regional districts, and/or the private sector. Total capital spending for these major projects is $84.7 billion, reflecting provincial financing of $73.8 billion, including internal sources and public-private-partnership liabilities, as well as $10.9 billion in contributions from the federal government and other sources, including private donations.

The following projects have been added to the table since the *Second Quarterly Report*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Beausoleil (Landsdowne) Elementary ($73 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Victoria General Hospital - Electrical Energy Centre ($76 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Agassiz-Rosedale Bridge Repair Project ($64 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 343 W Pender St. ($71 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Goldstream - property purchase ($61 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Public EV charging - light-duty program ($130 million);

56 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – McLellan - substation upgrade project ($77 million);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Bridge River 1 - recoat penstocks 1-4 project ($126 million); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Newell substation upgrade project ($195 million).

The following projects have been completed since the *Second Quarterly Report* and removed from the table:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – Stanley New Fountain; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Various Sites - NERC Critical Infrastructure Protection implementation project for cyber assets.

As previously announced, the following projects have been cancelled since the *Second Quarterly Report* and removed from the table:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 1 Goldstream Safety Improvements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 2086-2098 W 7th Ave.

Other changes since the *Second Quarterly Report* include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Stitó:s Lá:lém totí:lt Elementary Middle School project's anticipated total cost decreased from
$54 million to $53 million to reflect final project cost.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Burke Mountain Secondary project's year of completion was amended from 2026 to 2027 due to site work delays impacting project
schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Simcoe Elementary project's year of completion was amended from 2029 to 2028 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Pitt Meadows Secondary project's year of completion was amended from 2028 to 2029 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Okanagan College – Student Housing project's anticipated total cost increased from $73 million to $74 million to reflect
final project cost. The increase is funded by the institution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Capilano University – Student Housing project's year of completion was amended from 2025 to 2026 to reflect the revised
project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Simon Fraser University – Digital Research Infrastructure Refresh - CEDAR project's anticipated total cost increased from
$90 million to $91 million to reflect final project cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The University of British Columbia – Recreation Centre North project's anticipated total cost decreased from $73 million
to $72 million to reflect final project cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The University of British Columbia – School of Biomedical Engineering project's anticipated total cost decreased from
$139 million to $138 million to reflect final project cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The University of British Columbia – The Gateway Building project's anticipated total cost increased from $195 million
to $208 million to reflect final project cost. The increase is funded by the institution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· University of the Fraser Valley – Student Housing project's anticipated total cost increased from $105 million to $107
million to reflect final project cost. The increase is funded by the institution;

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 57

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Okanagan College – Centre for Food, Wine and Tourism project's anticipated total cost increased from $57 million to $58
million to reflect revised project cost. The increase is funded by the institution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Capilano University – Squamish Student Housing project's year of completion was amended from 2027 to 2028 to reflect the
revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The University of British Columbia – Canada's Immuno-Engineering and Biomanufacturing Hub: Advanced Therapeutics Manufacturing
Facility project's year of completion was amended from 2030 to 2028 to align with revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Kwantlen Polytechnic University – Student Housing and Dining project's year of completion was amended from 2029 to 2030
to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Royal Columbian Hospital Redevelopment Phases 2 & 3 project's anticipated total cost increased from $1.249 billion
to $1.859 billion to reflect revised project cost. Internal borrowing increased from $1.148 billion to $1.782 billion and contributions
from other sources increased from $65 million to $77 million. The project's year of completion was amended from 2026 to 2029 to
reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· New St. Paul's Hospital project's anticipated total cost increased from $2.180 billion to $2.266 billion to reflect revised
project cost. Internal borrowing increased from $1.327 billion to $1.413 billion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Nanaimo Long-Term Care project's anticipated total cost increased from $286 million to $350 million to reflect revised project
cost. Internal borrowing increased from $172 million to $236 million. The project's year of completion was amended from 2027 to
2029 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The Western Communities Long-Term Care project's anticipated total cost increased from $224 million to $325 million to reflect
revised project cost. Internal borrowing increased from $157 million to $258 million. The project's year of completion was amended
from 2027 to 2029 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 99 10-Mile Slide project's total anticipated cost decreased from $88 million to $84 million to reflect project final
cost. Internal borrowing decreased by $4 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· West Fraser Road Realignment project's anticipated total cost decreased from $94 million to $84 million to reflect project final
cost. Internal borrowing decreased by $10 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 1 Corridor – Falls Creek project's anticipated total cost decreased from $143 million to $89 million to reflect
final project cost. Internal borrowing decreased from $59 million to $5 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 5 Corridor project's anticipated total cost decreased from $350 million to $263 million to reflect revised project cost.
Internal borrowing decreased from $111 million to $24 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 1 Corridor – Nicomen Bridge project's anticipated total cost decreased from $144 million to $100 million to reflect
revised project cost. Internal borrowing decreased from $64 million to $20 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 7 Widening – 266th St. to 287th St. project's year of completion was amended from 2025 to 2026 to reflect the
revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 17 Keating Cross Overpass project's year of completion was amended from 2025 to 2026 to reflect the revised project
schedule;

58 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 99 / Steveston Interchange, Transit & Cycling Improvements project's year of completion was amended from 2025
to 2026 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Pattullo Bridge Replacement project's year of completion was amended from 2025 to 2026 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Blackwater North Fraser Slide project's year of completion was amended from 2026 to 2027 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Cottonwood Hill at Highway 97 Slide project's year of completion was amended from 2026 to 2027 to reflect the revised project
schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 1 Salmon Arm West project's year of completion was amended from 2026 to 2027 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 95 Bridge Replacement project's year of completion was amended from 2026 to 2027 to reflect the revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Highway 1 Fraser Valley Corridor Improvements - Mount Lehman Road to Highway 11 project's internal borrowing decreased from
$2,651 million to $2,601 million while contributions from other sources increased to $50 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 1015 Hastings St. Development project's year of completion was amended from 2025 to 2026 to reflect the revised
project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 128 to 134 East Cordova St. project's anticipated total cost increased from $166 million to $173 million
to reflect the revised project cost. Contributions from other sources increased from $103 million to $110 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 320 Hastings St. E. Redevelopment project's year of completion was amended from 2025 to 2026 to reflect the
revised project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – Vancouver Parkside project's year of completion was amended from 2025 to 2026 to reflect the revised project
schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Housing – 1410 E King Edward Ave project's year of completion was amended from 2026 to 2028 to reflect the revised
project schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Connect the Basin – high-speed internet infrastructure project's anticipated total cost increased from $76 million to
$96 million for an approved expansion of the project. Internal borrowing increased from $43 million to $63 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Mica replace units 1 to 4 generator transformers project's anticipated total cost decreased from $89 million
to $86 million as the project contingency was not required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Various Sites - EV charging infrastructure implementation program's anticipated total cost decreased from $73
million to $72 million as the project contingency was not required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BC Hydro – Sperling substation metalclad switchgear replacement project's anticipated total cost increased from $76 million
to $83 million due to higher construction and engineering costs resulting from more complex as-found site conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· ICBC Head Office Relocation project's anticipated total cost increased from $151 million to $152 million to reflect the revised
project cost; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A new section has been created to disclose projects with adjusted timelines as a result of the capital plan review.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 59

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly Report* released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/ <br> Borrowing | P3<br> Liability | Federal<br> Gov't | Other<br> Contrib'ns |
| **Schools** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Centennial Secondary <sup>2</sup> | 2017 | 60 | 1 | 61 | 61 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Westminster Secondary <sup>2</sup> | 2021 | 98 | 9 | 107 | 107 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Quesnel Junior School <sup>2</sup> | 2022 | 48 | 1 | 49 | 49 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stitó:s Lá:lém totí:lt Elementary Middle School <sup>2</sup> | 2022 | 53 |  | **53** | **48** |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coast Salish Elementary <sup>2</sup> | 2023 | 28 | 10 | 38 | 33 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Burnaby North Secondary <sup>2</sup> | 2024 | 117 |  | 117 | 108 |  |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eric Hamber Secondary <sup>2</sup> | 2024 | 94 | 12 | 106 | 94 |  |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Victoria High School <sup>2</sup> | 2024 | 100 |  | 100 | 97 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;Cedar Hill Middle | 2025 | 39 | 15 | 54 | 50 |  |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cowichan Secondary <sup>2</sup> | 2025 | 85 | 1 | 86 | 84 |  |  | 2 |
| &nbsp;&nbsp;&nbsp;Henry Hudson Elementary | 2025 | 41 | 19 | 60 | 49 |  |  | 11 |
| &nbsp;&nbsp;&nbsp;North East Latimer Elementary | 2025 | 37 | 15 | 52 | 52 |  |  |  |
| &nbsp;&nbsp;&nbsp;Carson Elementary | 2026 | 33 | 28 | 61 | 61 |  |  |  |
| &nbsp;&nbsp;&nbsp;New Cloverley Elementary | 2026 | 31 | 33 | 64 | 61 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;Sníne Elementary |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;- (formerly Pineview Valley Elementary) | 2026 | 39 | 26 | 65 | 65 |  |  |  |
| &nbsp;&nbsp;&nbsp;Burke Mountain Secondary | **2027** | 86 | 74 | 160 | 135 |  |  | 25 |
| &nbsp;&nbsp;&nbsp;George Pringle Secondary |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;- (formerly Westside Secondary) | 2027 | 73 | 51 | 124 | 121 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;La Vallée (Pemberton) Elementary | 2027 | 21 | 45 | 66 | 66 |  |  |  |
| &nbsp;&nbsp;&nbsp;New East Side Elementary | 2027 | 11 | 48 | 59 | 59 |  |  |  |
| &nbsp;&nbsp;&nbsp;Prince Rupert Middle | 2027 | 18 | 109 | 127 | 127 |  |  |  |
| &nbsp;&nbsp;&nbsp;Smith Middle and Secondary | 2027 | 25 | 281 | 306 | 306 |  |  |  |
| &nbsp;&nbsp;&nbsp;Cameron Elementary | 2028 | 4 | 64 | 68 | 68 |  |  |  |
| &nbsp;&nbsp;&nbsp;Guildford Park Secondary | 2028 | 8 | 57 | 65 | 60 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;John Diefenbaker Elementary | 2028 | 3 | 50 | 53 | 53 |  |  |  |
| &nbsp;&nbsp;&nbsp;Mission Secondary | 2028 | 7 | 169 | 176 | 175 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;Montgomery Middle | 2028 | 2 | 85 | 87 | 87 |  |  |  |
| &nbsp;&nbsp;&nbsp;Simcoe Elementary | **2028** | 1 | 64 | 65 | 65 |  |  |  |
| &nbsp;&nbsp;&nbsp;Tamanawis Secondary | 2028 | 7 | 50 | 57 | 52 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;Clayton Heights Secondary | 2029 |  | 90 | 90 | 89 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;Fleetwood Park Secondary | 2029 | 1 | 78 | 79 | 79 |  |  |  |
| &nbsp;&nbsp;&nbsp;Olympic Village Elementary | 2029 | 2 | 149 | 151 | 151 |  |  |  |
| &nbsp;&nbsp;&nbsp;Pitt Meadows Secondary | **2029** | 1 | 143 | 144 | 144 |  |  |  |
| &nbsp;&nbsp;&nbsp;**Beausoleil (Landsdowne)** | **2030** | **-** | **73** | **73** | **73** |  | **-** | **-** |
| &nbsp;&nbsp;&nbsp;Burtch Road Middle School | 2030 |  | 101 | 101 | 101 |  |  |  |
| &nbsp;&nbsp;&nbsp;North Langford Secondary | 2030 |  | 219 | 219 | 219 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Seismic mitigation program <sup>3</sup> | 2030 | 1910 | 116 | 2026 | 2026 |  | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total schools |  | 3083 | 2286 | 5369 | 5275 |  | - | 94 |
| **Post-secondary institutions** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;University of Victoria – Student Housing <sup>2</sup> | 2023 | 243 |  | 243 | 128 |  |  | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Okanagan College – Student Housing <sup>2</sup> | 2024 | 72 | 2 | **74** | 73 |  |  | **1** |
| &nbsp;&nbsp;&nbsp;British Columbia Institute of Technology |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Student Housing <sup>2</sup> | 2025 | 143 | 1 | 144 | 129 |  |  | 15 |
| &nbsp;&nbsp;&nbsp;North Island College – Student Housing <sup>2</sup> | 2025 | 77 | 1 | 78 | 76 |  |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Royal Roads University – West Shore Learning Centre <sup>2</sup> | 2025 | 103 | 5 | 108 | 88 |  |  | 20 |
| &nbsp;&nbsp;&nbsp;Simon Fraser University |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Digital Research Infrastructure Refresh - CEDAR <sup>2</sup> | 2025 | 88 | 3 | **91** | 25 |  | **41** | **25** |
| &nbsp;&nbsp;&nbsp;&nbsp;University of the Fraser Valley – Student Housing <sup>2</sup> | 2025 | 101 | 6 | **107** | 88 |  |  | **19** |

---

***Post-secondary institutions projects are continued on the next page***

![](tm265823d1_ex99-5s5img02.jpg)

60 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly Report* released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/ <br> Borrowing | P3<br> Liability | Federal<br> Gov't | Other<br> Contrib'ns |
| ***Post-secondary institutions projects continued*** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The University of British Columbia |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Recreation Centre North <sup>2</sup> | 2025 | 72 |  | **72** |  |  |  | **72** |
| &nbsp;&nbsp;&nbsp;&nbsp;– School of Biomedical Engineering <sup>2</sup> | 2025 | 137 | 1 | **138** | 25 |  |  | **113** |
| &nbsp;&nbsp;&nbsp;&nbsp;– The Gateway Building <sup>2</sup> | 2025 | 199 | 9 | **208** |  |  |  | **208** |
| &nbsp;&nbsp;&nbsp;&nbsp;Capilano University – Student Housing | **2026** | 44 | 14 | 58 | 41 |  |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;The University of British Columbia |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– x̌əl sic snpax̌nwixʷtn - UBCO | 2026 | 67 | 52 | 119 |  |  |  | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;University of Victoria |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Engineering and Computer Science Building Expansion | 2026 | 79 | 71 | 150 | 97 |  |  | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;Douglas College – Academic and Student Housing | 2027 | 94 | 238 | 332 | 232 |  |  | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Okanagan College – Centre for Food, Wine and Tourism | 2027 | 12 | 46 | **58** | 52 |  |  | **6** |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Fraser University – Student Housing Phase 3 | 2027 | 33 | 164 | 197 | 132 |  |  | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;The University of British Columbia |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Sauder School of Business Power House Expansion | 2027 | 33 | 118 | 151 |  |  |  | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;– UBCO Downtown Kelowna Project | 2027 |  | 54 | 54 |  |  |  | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vancouver Island University – Student Housing and Dining | 2027 | 36 | 71 | 107 | 106 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;British Columbia Institute of Technology |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Trades and Technology Complex | 2028 | 18 | 200 | 218 | 186 |  | 1 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Camosun College - Student Housing | 2028 | 3 | 152 | 155 | 152 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capilano University – Squamish Student Housing | **2028** | 53 | 2 | 55 | 48 |  |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;The University of British Columbia |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Canada's Immuno-Engineering and Biomanufacturing |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hub: Advanced Therapeutics Manufacturing Facility | **2028** | 6 | 64 | 70 | 22 |  | 42 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vancouver Community College |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Centre for Clean Energy & Automotive Innovation | 2028 | 75 | 240 | 315 | 295 |  |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;The University of British Columbia |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Student Housing - Lower Mall Precinct | 2029 | 8 | 552 | 560 | 300 |  |  | 260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kwantlen Polytechnic University |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Student Housing and Dining | **2030** | 1 | 142 | 143 | 118 |  |  | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Fraser University |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Medical School Permanent Facility | 2030 | 1 | 520 | 521 | 496 |  | - | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total post-secondary institutions |  | 1798 | 2728 | 4526 | 2909 |  | 84 | 1533 |
| **Health facilities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Red Fish Healing Centre for Mental Health and Addiction - θəqiʔ ɫəwʔənəq leləm <sup>2</sup> | 2021 | 130 | 1 | 131 | 131 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Clinical and Systems Transformation | 2025 | 844 |  | 844 | 702 |  |  | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp;iHealth Project – Vancouver Island Health Authority <sup>2</sup> | 2025 | 165 |  | 165 | 55 |  |  | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lions Gate Hospital – New Acute Care Facility <sup>2</sup> | 2025 | 293 | 33 | 326 | 160 |  |  | 166 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ksyen Regional Hospital |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(formerly Mills Memorial Hospital Replacement) <sup>2</sup> | 2025 | 627 | 6 | 633 | 510 |  |  | 123 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nanaimo Regional General Hospital |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– ICU/HAU Redevelopment | 2025 | 45 | 15 | 60 | 22 |  |  | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nats'oojeh Hospital and Health Centre |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(formerly Stuart Lake Hospital Replacement) <sup>2</sup> | 2025 | 150 | 8 | 158 | 140 |  |  | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Surrey Memorial Hospital |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Hemodialysis Renal Centre | 2026 | 46 | 39 | 85 | 84 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Interventional Cardiology and Interventional Radiology | 2026 | 42 | 55 | 97 | 97 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;University Hospital of Northern BC Redevelopment Phase 1 – Site Preparation | 2026 | 45 | 58 | 103 | 62 |  |  | 41 |

---

***Health projects are continued on the next page***

![](tm265823d1_ex99-5s5img02.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 61

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly* Report released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/<br> Borrowing | P3<br> Liability | Federal<br> Gov't | Other<br> Contrib'ns |
| ***Health projects continued*** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Burnaby Hospital Redevelopment – Phase 1 | 2027 | 480 | 153 | 633 | 599 |  |  | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cowichan District Hospital Replacement | 2027 | 786 | 660 | 1446 | 1148 |  |  | 298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dawson Creek and District Hospital Replacement | 2027 | 388 | 202 | 590 | 413 |  |  | 177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Immunization BC Digital Platform | 2027 | 64 | 11 | 75 | 75 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New St. Paul's Hospital | 2027 | 1795 | 471 | **2266** | **1413** |  |  | 853 |
| &nbsp;&nbsp;&nbsp;&nbsp;Richmond Long-Term Care | 2027 | 2 | 176 | 178 | 178 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Royal Inland Hospital Phil and Jennie Gaglardi Tower |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Direct procurement. | 2027 | 143 | 59 | 202 | 112 |  |  | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;– P3 contract | 2022 | 288 |  | 288 |  | 164 |  | 124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centre for Children and Youth Living with Health Complexity | 2028 | 59 | 251 | 310 | 224 |  |  | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;East Kootenay Regional Hospital |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Oncology and Renal Redevelopment | 2028 |  | 59 | 59 |  |  |  | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kamloops Cancer Centre | 2028 | 22 | 364 | 386 | 341 |  |  | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nanaimo Cancer Centre | 2028 | 18 | 311 | 329 | 307 |  |  | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;St. Vincent's Heather Long-Term Care | 2028 | 28 | 281 | 309 | 309 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cariboo Memorial Hospital Redevelopment | 2029 | 194 | 173 | 367 | 257 |  |  | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nanaimo Long-Term Care | **2029** | 2 | 348 | **350** | **236** |  |  | 114 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Surrey Hospital and BC Cancer Centre | 2029 | 1030 | 1851 | 2881 | 2816 |  |  | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;Royal Columbian Hospital Redevelopment Phases 2 & 3 | **2029** | 977 | 882 | **1859** | **1782** |  |  | **77** |
| &nbsp;&nbsp;&nbsp;&nbsp;St. Paul's Hospital Clinical Support and Research Centre | 2029 | 86 | 704 | 790 | 476 |  |  | 314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vancouver General Hospital – Operating Rooms Renewal - Phase 2 | 2029 | 126 | 297 | 423 | 396 |  |  | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Victoria General Hospital - Electrical Energy Centre** | **2029** | **-** | **76** | **76** | **33** | **-** | **-** | **43** |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Communities Long-Term Care | **2029** | 3 | 322 | **325** | **258** |  |  | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dr. F.W. Green Memorial Home | 2030 | 6 | 230 | 236 | 143 |  |  | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;University Hospital of Northern BC Redevelopment Phase 2 – Acute Care Tower | 2031 | 5 | 1574 | 1579 | 1246 |  |  | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Richmond Hospital Redevelopment | 2033 | 47 | 1912 | 1959 | 1889 | - | - | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total health facilities |  | 8936 | 11582 | 20518 | 16614 | 164 | - | 3740 |
| **Transportation** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 99 10-Mile Slide <sup>2</sup> | 2021 | 82 | 2 | **84** | **84** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 4 Kennedy Hill Safety Improvements <sup>2</sup> | 2022 | 57 | 10 | 67 | 53 |  | 14 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 91 to Highway 17 and Deltaport Way Corridor improvements <sup>2</sup> | 2023 | 250 | 10 | 260 | 87 |  | 82 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;West Fraser Road Realignment <sup>2</sup> | 2023 | 84 |  | **84** | **72** |  | 12 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Corridor – Falls Creek <sup>2</sup> | 2024 | 86 | 3 | **89** | **5** |  | 84 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Kicking Horse Canyon Phase 4 <sup>2</sup> | 2024 | 595 | 6 | 601 | 386 |  | 215 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Quartz Creek Bridge Replacement <sup>2</sup> | 2024 | 103 | 16 | 119 | 69 |  | 50 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 5 Corridor <sup>2</sup> | 2024 | 253 | 10 | **263** | **24** |  | 239 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Transit Victoria HandyDART Facility <sup>2</sup> | 2025 | 73 | 11 | 84 | 41 |  | 21 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Chase Four-Laning <sup>2</sup> | 2025 | 159 | 37 | 196 | 184 |  | 12 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Corridor – Nicomen Bridge <sup>2</sup> | 2025 | 94 | 6 | **100** | **20** |  | 80 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Corridor – Tank Hill | 2026 | 145 | 148 | 293 | 218 |  | 75 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Ford Road to Tappen Valley Road Four-Laning | 2026 | 190 | 53 | 243 | 161 |  | 82 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 7 Widening – 266th St. to 287th St. | **2026** | 107 | 23 | 130 | 101 |  | 29 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 17 Keating Cross Overpass | **2026** | 67 | 10 | 77 | 58 |  | 17 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 99 / Steveston Interchange, Transit & Cycling Improvements | **2026** | 85 | 52 | 137 | 137 |  |  |  |

---

***Transportation projects are continued on the next page***

![](tm265823d1_ex99-5s5img02.jpg)

62 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly Report* released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/ <br> Borrowing | P3<br> Liability | Federal<br> Gov't | Other<br> Contrib'ns |
| **Transportation projects continued** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 8 Corridor | 2026 | 57 | 173 | 230 | 220 |  | 10 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Kootenay Lake ferry service upgrade | 2026 | 84 | 33 | 117 | 100 |  | 17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pattullo Bridge Replacement | **2026** | 1197 | 440 | 1637 | 1637 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Quesnel-Hydraulic Road Slide | 2026 | 5 | 75 | 80 | 80 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackwater North Fraser Slide | **2027** | 18 | 185 | 203 | 192 |  | 11 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadway Subway <sup>4</sup> | 2027 | 2106 | 848 | 2954 | 1957 |  | 897 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cottonwood Hill at Highway 97 Slide | **2027** | 34 | 301 | 335 | 313 |  | 22 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Salmon Arm West <sup>5</sup> | **2027** | 93 | 47 | 140 | 109 |  | 31 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Bus on Shoulder McKenzie to Colwood Interchange | 2027 | 19 | 76 | 95 | 68 |  | 27 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Jumping Creek to MacDonald | 2027 | 101 | 144 | 245 | 199 |  | 46 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 R.W. Bruhn Bridge | 2027 | 138 | 122 | 260 | 169 |  | 91 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Sackum Overhead Bridge Replacement | 2027 | 12 | 81 | 93 | 93 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Selkirk | 2027 | 29 | 100 | 129 | 97 |  | 32 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 95 Bridge Replacement | **2027** | 38 | 52 | 90 | 61 |  | 29 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Belleville Terminal Redevelopment | 2028 | 71 | 345 | 416 | 371 |  | 45 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Fraser Valley Corridor Improvements 264th St. to Mount Lehman Road | 2028 | 474 | 1776 | 2250 | 2250 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Agassiz-Rosedale Bridge Repair Project** | **2029** | **-** | **64** | **64** | **64** |  | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 216th St. to 264th St. widening | 2029 | 156 | 324 | 480 | 383 |  | 97 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Surrey Langley SkyTrain Project | 2029 | 2067 | 3929 | 5996 | 4441 |  | 1306 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fraser River Tunnel Project <sup>6</sup> | 2030 | 398 | 3750 | 4148 | 4148 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Highway 1 Fraser Valley Corridor Improvements Mount Lehman Road to Highway 11 | 2031 | 116 | 2535 | 2651 | **2601** |  | **-** | **50** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total transportation |  | 9643 | 15797 | 25440 | 21253 |  | 3673 | 514 |
| **Housing** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;58 W Hastings <sup>2</sup> | 2024 | 154 | 6 | 160 | 67 |  | 21 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;1015 Hastings St. Development | **2026** | 131 | 20 | 151 | 95 |  | 37 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;128 to 134 East Cordova St. | 2026 | 65 | 108 | **173** | 36 |  | 27 | **110** |
| &nbsp;&nbsp;&nbsp;&nbsp;320 Hastings St. E. Redevelopment | **2026** | 73 | 13 | 86 | 49 |  | 5 | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vancouver Parkside | **2026** | 51 | 3 | 54 | 54 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;296 Angela Drive | 2027 | 146 | 75 | 221 | 150 |  | 42 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;1410 E King Edward Ave | **2028** | 3 | 76 | 79 | 73 |  |  | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clark & 1st Ave | 2028 | 45 | 143 | 188 | 32 |  | 121 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;1451 Bertram St | 2029 | 2 | 118 | 120 | 120 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;926 & 930 Pandora Ave | 2029 | 6 | 147 | 153 | 132 |  | 6 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;**343 W Pender St.** | **2029** | **-** | **71** | **71** | **58** |  | **-** | **13** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total housing |  | 676 | 780 | 1456 | 866 |  | 259 | 331 |
| **Other taxpayer-supported** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nanaimo Correctional Centre Replacement <sup>2</sup> | 2024 | 180 | 1 | 181 | 181 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FIFA World Cup 2026 - Stadium Capital Improvements | 2026 | 79 | 30 | 109 | 109 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial Archives, Research and Collections Campus <br> (formerly RBCM Collections and Research Building) | 2026 | 213 | 57 | 270 | 270 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Connect the Basin – high-speed internet infrastructure | 2027 | 3 | 93 | **96** | **63** |  | 29 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plant and Animal Health Centre | 2031 | - | 496 | 496 | 496 |  | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other taxpayer-supported |  | 475 | 677 | 1152 | 1119 |  | 29 | 4 |

---

![](tm265823d1_ex99-5s5img02.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 63

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly Report* released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/ <br> Borrowing | P3<br> Liability | Federal<br> Gov't | Other<br> Contrib'ns |
| **Approved projects with adjusted timelines** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbotsford Long-Term Care | TBC | 25 | 186 | 211 | 157 |  |  | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Burnaby Hospital Redevelopment – Phase 2 and BC Cancer Centre | TBC | 45 | 1770 | 1815 | 1771 |  |  | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Campbell River Long-Term Care | TBC | 1 | 133 | 134 | 80 |  |  | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chilliwack Long-Term Care | TBC | 8 | 266 | 274 | 246 |  |  | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cottonwoods Long-Term Care Replacement | TBC | 2 | 185 | 187 | 112 |  |  | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Long-Term Care | TBC | 15 | 165 | 180 | 162 |  |  | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fort St. John Long-Term Care | TBC |  | 155 | 155 | 109 |  |  | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Squamish (Hilltop) Long-Term Care | TBC |  | 286 | 286 | 286 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;University of Victoria – Student Housing Expansion | 2034 | 3 | 175 | 178 | 121 | - | - | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total approved projects with adjusted timelines |  | 99 | 3321 | 3420 | 3044 | - | - | 376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total taxpayer-supported** |  | **24710** | **37171** | **61881** | **51080** | **164** | **4045** | **6592** |
| **Power generation and transmission** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Hydro |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Mica replace units 1-4 generator transformers project <sup>2</sup> | 2022 | 85 | 1 | **86** | **86** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Lake Buntzen 1 Coquitlam tunnel gates refurbishment project <sup>2</sup> | 2023 | 65 | 9 | 74 | 74 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Wahleach refurbish generator project <sup>2</sup> | 2023 | 58 | 3 | 61 | 61 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Bridge River 1 - penstock concrete foundation refurbishment project <sup>2</sup> | 2024 | 63 |  | 63 | 63 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Capilano substation upgrade project <sup>2</sup> | 2024 | 76 | 1 | 77 | 77 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– G.M. Shrum G1 to 10 control system upgrade <sup>2</sup> | 2024 | 73 | 3 | 76 | 76 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Natal - 60-138 kV switchyard upgrade project <sup>2</sup> | 2025 | 77 | 8 | 85 | 85 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Site C project <sup>2, 7</sup> | 2025 | 14822 | 1178 | 16000 | 16000 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Vancouver Island radio system project <sup>2</sup> | 2025 | 55 | 3 | 58 | 57 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Various Sites - EV charging infrastructure implementation program <sup>2</sup> | 2025 | 72 |  | **72** | **54** |  | 10 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;– 2L143 - cable replacement project | 2026 | 28 | 72 | 100 | 100 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– 2L333 - load interconnection - Enbridge APP CS16 | 2026 | 65 | 67 | 132 | 71 |  | 15 | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Cheakamus recoat units 1 and 2 penstocks (interior and exterior) project | 2026 | 46 | 7 | 53 | 53 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Comox - Puntledge flow control improvements project | 2026 | 50 | 3 | 53 | 53 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Fort Nelson - regional reliability improvement project | 2026 | 38 | 20 | 58 | 58 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**– Goldstream - property purchase** | **2026** | **1** | **60** | **61** | **61** | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;– Mainwaring station upgrade project | 2026 | 95 | 59 | 154 | 154 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Mica townsite apartment accommodation project | 2026 | 41 | 26 | 67 | 67 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Ruskin - left abutment slope sinkhole remediation project | 2026 | 76 | 53 | 129 | 129 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– 1L037 Jervis and Agamemnon crossings project | 2027 | 16 | 48 | 64 | 64 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– 1L243 transmission load increase (HVC) project | 2027 | 38 | 104 | 142 | 139 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Distribution design modernization project | 2027 | 14 | 40 | 54 | 54 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Fleetwood - Distribution load interconnection (SLS Servicing) project | 2027 | 27 | 131 | 158 | 77 |  |  | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Kimberley to Marysville - substation relocation project | 2027 | 8 | 65 | 73 | 73 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Long Lake terminal station - transmission load interconnection project | 2027 | 33 | 47 | 80 | 79 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Materials classification facility project | 2027 | 35 | 41 | 76 | 76 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Minette - transmission load interconnection project | 2027 | 23 | 49 | 72 | 52 |  |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;**– Public EV charging - light-duty program**<sup>8</sup> | **2027** | **55** | **75** | **130** | **130** | **-** | **TBD** | **TBD** |
| &nbsp;&nbsp;&nbsp;&nbsp;– Sperling substation metalclad switchgear replacement project | 2027 | 65 | 18 | 83 | 83 |  |  |  |

---

***Power generation and transmission projects are continued on the next page***

![](tm265823d1_ex99-5s5img02.jpg)

64 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Three Year Fiscal Plan

**Table 1.8 Capital Expenditure Projects Greater Than $50 million <sup>1</sup>**

**Note: Information in bold type denotes changes from the 2025/26 *Second Quarterly Report* released on November 27, 2025.**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Project | Estimated | Anticipated | Project Financing | Project Financing | Project Financing | Project Financing |
| ($ millions) | Year of<br> Completion | Cost to<br> Dec. 31, 2025 | Cost to<br> Complete | Total<br> Cost | Internal/<br> Borrowing | P3<br> Liability | Federal <br> Gov't | Other <br> Contrib'ns |
| **Power generation and transmission projects continued** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Clayburn - substation upgrade (2nd phase) project | 2028 | 6 | 51 | 57 | 57 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Ladore spillway seismic upgrade project | 2028 | 116 | 257 | 373 | 373 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Mica - U1 - U4 circuit breaker and iso-phase bus replacement project | 2028 | 41 | 135 | 176 | 176 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Northwest - substations outage mitigation project | 2028 | 27 | 62 | 89 | 87 |  |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Peace to Kelly Lake stations sustainment project | 2028 | 148 | 196 | 344 | 344 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Prince George to Terrace capacitors project | 2028 | 252 | 330 | 582 | 481 |  | 97 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Treaty Creek Terminal - transmission load interconnection (KSM) project | 2028 | 100 | 68 | 168 | 81 |  |  | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Burrard switchyard - control building upgrade project | 2029 | 6 | 51 | 57 | 57 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– John Hart dam seismic upgrade project | 2029 | 436 | 476 | 912 | 912 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Kootenay Canal modernize controls project | 2029 | 30 | 31 | 61 | 61 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**– McLellan - substation upgrade project** | **2029** | **12** | **65** | **77** | **77** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Mount Pleasant substation - transformer and feeder sections addition project | 2029 | 6 | 84 | 90 | 90 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Victoria secondary network replacement project | 2029 | 2 | 113 | 115 | 115 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**– Bridge River 1 - recoat penstocks 1-4 project** | **2030** | **8** | **118** | **126** | **126** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Strathcona discharge upgrade project | 2030 | 76 | 490 | 566 | 566 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**– Newell substation upgrade project** | **2031** | **14** | **181** | **195** | **195** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Bridge River 1 replace units 1-4 generators/ governors project | 2032 | 30 | 283 | 313 | 313 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total power generation and transmission |  | 17510 | 5182 | 22692 | 22317 | - | 122 | 253 |
| **Other self-supported** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ICBC Head Office Relocation | 2028 | 2 | 150 | **152** | **152** | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total self-supported** |  | **17512** | **5332** | **22844** | **22469** | **-** | **122** | **253** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total projects over $50 million** |  | **42222** | **42503** | **84725** | **73549** | **164** | **4167** | **6845** |

---

<sup>1</sup> Only projects that receive provincial funding and have been approved by Treasury Board and/or Crown corporation boards are included in this table. Ministry service plans may highlight projects that still require final approval. Capital costs reflect current government accounting policy.

<sup>2</sup> Assets have been put into service and only trailing costs remain.

<sup>3</sup> The Seismic Mitigation Program consists of spending to date on Phase 2 of the program and may include spending on projects greater than $50 million included in the table.

<sup>4</sup> The Broadway Subway Project forecast and value of costs incurred to date include the City of Vancouver in-kind contribution of land rights, in keeping with the approved project budget. Under current government accounting, purchased intangible assets are given accounting recognition, and contributed intangible assets, such as land use rights or licenses are not.

<sup>5</sup> Project is delivered in two segments, the Salmon Arm West 1st Ave to 10th Ave reached substantial completion in 2023 and the Salmon Arm West 10th Ave to 10th St. is expected to complete in 2027.

<sup>6</sup> The tunnel project is in design, and the estimated cost of the project is being updated and reviewed as the design and contract negotiations progress. Due to commercial sensitivities related to releasing an updated estimate for the project before a contract is executed, the Province will update the project budget and schedule once negotiations with the contractor have concluded.

<sup>7</sup> The approved project cost estimate (June 2021) is $16 billion, with an approved project in-service date of 2025. The project is now in-service with only trailing costs and wrap-up work remaining on the project. The anticipated project cost and costs to date include capital costs, charges subject to regulatory deferral and certain operating expenditures.

<sup>8</sup> The total cost represents the gross cost of the project and has not been netted for provincial and federal government contributions. The provincial and federal government contribution amounts are dependent on the final actual project costs and what costs are eligible under the agreement

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 65

Three Year Fiscal Plan

**Building a Secure and Sustainable B.C.**

***Investment in Critical Infrastructure for British Columbia***

The Province is continuing to build record levels of infrastructure to meet the needs of British Columbians. From schools and hospitals to roads, transit and housing, over the next three years, Government is projecting to spend nearly $38 billion and continue construction on projects throughout the province, including:

· 17 major hospitals and acute care facilities, like the Cowichan
District Hospital, the redevelopment of Dawson Creek and District Hospital, the New St. Paul's Hospital, the redevelopment of Richmond
Hospital, a new hospital and cancer centre in Surrey, and new cancer centres in Nanaimo and Kamloops.

· Transit expansions such as the Broadway Subway project and the
Surrey Langley SkyTrain, and critical highway and goods movement infrastructure such as the Fraser Valley Highway 1 Corridor Improvement
Program and the Fraser River Tunnel project.

· 66 K-12 school additions and improvements that will add 23,600
new student spaces, and almost 6,000 seismically safe seats, including Olympic Village Elementary, Mission Secondary, Prince Rupert Middle,
and Smith Middle and Secondary.

· Student housing projects that will add 3,900 new beds at post-secondary
institutions, including Douglas College, the University of British Columbia, and Vancouver Island University.

· A new medical school at Simon Fraser University, the first medical
school to open in western Canada in nearly 60 years.

***Strategically Sequencing Projects***

Since 2017, Government has significantly increased annual capital investments to fill infrastructure deficits and deliver the infrastructure and services British Columbians depend upon. Through ambitious capital planning, Government is expanding health system capacity, replacing aging schools, keeping British Columbians moving on transportation and transit networks, and building more affordable homes to help address the housing crisis.

**Chart 1 – Taxpayer Supported Capital Spending Since 2015/16 ($ billions)**

![](tm265823d1_ex99-5sp6img001.jpg)

After years of building infrastructure to close gaps and strengthen services, B.C. is adjusting the pace of the capital plan to continue to build the schools, hospitals, and transit people need in a sustainable way in the face of new global pressures.

There are pressures on Government's fiscal and debt outlook. In addition, the ongoing trade war and tariff threats continue to drive global instability. Material and labour costs have remained persistently high. These create conditions where Government must make careful choices on its capital plan in the long-term.

Sustained investments in new hospitals, hospital expansions and complex transportation and transit projects, in particular, consume a large part of the existing capital plan. The number of contractors for projects of this complexity is limited. Delivering multiple major projects at the same time means Government's ability to fund other capital priorities in a sustainable manner is constricted (see Chart 2). Furthermore, it leads to a boom and bust cycle of capital investment and increases risks associated with having to replace infrastructure at the same time in the future.

<sup>1</sup> Projected spending for 2025/26

66 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Three Year Fiscal Plan

A key component of sustaining Government's capital plan will be to strategically sequence major projects over a longer-term and where possible, redesign projects to lower costs. This will allow infrastructure investments to continue over the longer-term, providing more fiscal sustainability and predictability.

For *Budget 2026*, Government reviewed its capital plan as part of efforts to maintain the province's debt-to-GDP ratio among the best in Canada. Spending projections were adjusted to more accurately reflect the timing of project spending and contributions from the federal government. Project timelines were re-assessed. This resulted in a need to adjust the timing of some projects.

A listing of approved projects with adjusted timelines can be found on page 64.

Government remains committed to delivering urgently needed infrastructure and will be working to determine how to better sequence and deliver these capital projects.

***Maintaining Strong Levels of Capital Spending***

Projected capital spending over the next three years exceeds prior year spending and will continue to support the Province's economy and provide good paying jobs for British Columbians. B.C.'s projected capital spending for 2026/27 remains among the highest per capita against provincial peers. Per capita capital spending is expected to be $2,401 in 2026/27. This remains higher than per capita capital spending amongst provincial peers like Alberta, Ontario and Quebec as expressed in their 2025 budgets.

**Chart 2 – Major Healthcare Projects Currently Under Construction<sup>2</sup>**

![](tm265823d1_ex99-5sp6img002.jpg)

<sup>2</sup> This chart is not a complete listing of all healthcare projects under construction. See Table 1.8 for a full listing of major projects.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 67 <br>

Three Year Fiscal Plan

The re-pacing of taxpayer-supported capital spending is occurring at the same time as increased BC Hydro investments which will help sustain the economy and create jobs. The *Budget 2026* fiscal plan period projects $14.6 billion in self-supported capital spending for BC Hydro, a $1.3 billion increase compared to the *Budget 2025* fiscal plan projection. More information on how BC Hydro projects are creating jobs and supporting the Province's economy can be found in the topic box on page 47.

**Chart 3 – Spending in Prior Years Compared to Current Outlook <sup>3</sup> ($ billions)**

![](tm265823d1_ex99-5sp6img003.jpg)

***Efficiently Delivering Long -Term Care***

The Province is committed to expanding long-term care availability to meet the needs of the aging population. Construction is underway on projects like St. Vincent's Heather, a new long-term care home that will increase access to care for seniors in the Lower Mainland. The new 13-storey long-term care home will include space for 240 residents. The replacement of the Dr. F.W. Green Memorial Home is also underway in Cranbrook. It will replace the existing facility and increase beds from 60 to 150.

However, Government is experiencing significant and unsustainable costs per long-term care bed — up to $1.8 million per bed in some cases. Government is in the process of determining ways to deliver more cost efficient long-term care beds throughout the province.

For example, the Province's 2025/26 *Third Quarterly Report* reflects budget increases for the Western Communities long-term care facility in Colwood and the Nanaimo/ Lantzville long-term care facility. Despite the budget increase, the Vancouver Island Health Authority worked with the Ministry of Infrastructure to mitigate the extent of cost escalation through value engineering. This included streamlining mechanical, electrical and architectural systems and consolidating buildings for better efficiency. These efforts have significantly brought down the cost per bed for these facilities compared to those currently in construction. Government has approved these budget increases to continue to address the shortage of long-term care beds in the province.

**Table 1: Total cost per bed of long-term care facilities**

---

| | |
|:---|:---|
| **Project** | **Total cost per bed<br> ($ millions)** |
| Dr. F.W. Green Memorial Home | 1.59 |
| St. Vincent's Heather Long-Term Care | 1.29 |
| Nanaimo Long-Term Care | 1.17 |
| Western Communities Long-Term Care | 1.09 |

---

With B.C.'s aging population and a demand for long-term care that outpaces space availability, Government is taking action to deliver beds more efficiently and at a scale that meets the crisis. This includes advancing innovative approaches like standard design guidelines for long-term care homes, modular construction options, and a reassessment of facility requirements to achieve cost efficiencies, while maintaining safe, high-quality care for seniors. Government is adjusting the timing of delivery for several approved long-term care projects to incorporate the lessons learned from projects already underway and its ongoing review of the long-term care infrastructure program. This work is focused on strengthening delivery, reducing risk and ensuring future projects are better positioned to meet the serious needs of B.C. seniors and their families. For instance, taking the time to redesign projects based on standardized design guidelines aims to lower costs and construction timelines. Once this process is complete, the Province will be able to establish revised completion dates and move forward with greater certainty in expanding long-term care capacity in the years ahead.

<sup>3</sup> Actual spending was $3.9 billion in 2017/18, $8.8 billion in 2023/24 and $10.4 billion in 2024/25. The escalation applied reflects the increase in the Vancouver non-residential construction price index between 2017 to 2025.

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Long-term care facilities funded through the capital plan are only part of the government's plan to support seniors and increase access to care. The Province is piloting the new Small Care Homes that adapt existing residential buildings to provide 24/7 care in a familiar and comfortable setting. Compared to traditional, larger-scale long-term care facilities, Small Care Homes are more economical, expedient and sustainable to launch. Many seniors also want to stay at home longer, closer to loved ones. Government supports programs like Better at Home, Hospital at Home and LTC@Home to help seniors stay in their homes longer.

***Building the Homes People Need***

Government funds housing investments through a mix of operating grants, financing arrangements and capital spending. Through *Budget 2026*, Government is adjusting the pace of some housing investments. This includes reallocating nearly $1.4 billion across the fiscal plan, while maintaining Government's commitment to overall unit targets over a longer term. Even as government re-paces some housing investments, capital investment in housing remains at historic levels. *Budget 2026* housing investments are nearly five times what they were in 2016, demonstrating Government's continued commitment to delivering the homes people need. More information can be found starting on page 23.

***Meeting Acute Care Needs Throughout the Province***

The timing of Phase 2 of the Burnaby Hospital has been adjusted as part of ongoing efforts to strategically sequence the Province's capital plan. The first phase of this hospital project is experiencing delays due to changes in scope and the complexity of renovating an operating acute care facility. Further work is needed to ensure alignment between scope, design development and cost assumptions in support of delivering the project within approved budgets. This provides an opportunity to refresh plans to ensure the project meets the needs of the community. Construction of Phase 1 of the Burnaby Hospital Redevelopment is currently underway and will be completed in 2027.

Additional efforts are being undertaken to ensure the Province is advancing the development of new acute care projects, including the launch of initial planning for expansion at Nanaimo Regional General Hospital.

***Working to Bring Down Capital Costs in the K-12 Sector***

Government is continuing to innovate to deliver K-12 infrastructure in a timely and cost-effective manner. These ongoing efforts will help to keep the capital plan ambitious and sustainable. The Province continues to build new student spaces in growing communities throughout British Columbia with its Prefabricated Classroom Program. The program builds modern classrooms with sustainable, energy-efficient designs. These classrooms are more cost effective and can be built twice as fast as traditional schools. Since the inception of the program in 2023, government has approved 37 projects, creating 7,900 student spaces. In addition, Government has recently approved the seismic replacement of Ladysmith Intermediate School. It will be the first K-12 facility fully constructed with prefabricated materials in British Columbia.

***Increasing Support for Maintaining Infrastructure***

Government continues to invest in the maintenance, repair and renewal of provincially owned infrastructure. This funding is essential for the safe operations of provincial highways, hospitals, schools, and other public infrastructure. Examples include bridge rehabilitation; HVAC, electrical and plumbing system updates; renovations to improve accessibility; and seismic upgrades.

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These investments deliver strong results for taxpayers and extends the lifespan of infrastructure for future British Columbians. The recently announced Agassiz-Rosedale Bridge project highlights the value of this program. The existing bridge has nearly reached the end of its useful life. The $64 million rehabilitation project is expected to extend the life of the bridge by 40 to 50 years and prevent the need for a full replacement which would otherwise have a total cost in excess of $1 billion.

Allocations for these types of infrastructure improvements are increasing to provide more predictability in the province's capital spending. *Budget 2026* provides an additional $200 million in funding over three years to support these maintenance programs. This brings total program spending to over $5.9 billion over the fiscal plan period. This builds upon the $227 million added over three years through *Budget 2025* and $616 million added over three years through *Budget 2024*.

***Updating Legislated Reporting Thresholds***

In accordance with the *Budget Transparency and Accountability Act* (BTAA), Government is required to provide updates on major project expenditures. This is done through the Capital Expenditure Projects Greater Than $50 million table ($50M Table) that is reported in the budget and quarterly updates (starting on page 60 in this report).

The original intention of the threshold was to report capital projects of significant size, risks and costs. The threshold of $50 million for capital projects has remained the same since the act was established in 2000 while the cost of construction in British Columbia has increased over 150 per cent. In 2001, the $50M Table captured 14 projects totaling $4 billion in anticipated costs. As of *Budget 2026*, there are over 200 projects totaling over $80 billion in anticipated costs, including many straightforward K-12 school projects and routine upgrades to BC Hydro facilities that would not have been captured previously. The increase in the number of projects on the table reflects the significant increase in capital spending but also captures less complex projects that were not contemplated when the threshold was established.

To reflect the construction market of today, Government will be tabling legislation to update the current threshold in alignment with the growth in construction costs since 2000 and ensure reporting is streamlined and focused on major projects. It will also require future governments to assess these thresholds to maintain alignment with construction price trends over time. The Province will continue to safeguard the framework and intent of the BTAA in ongoing capital planning and reporting.

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**Provincial Debt**

**Table 1.9 Provincial Debt Summary<sup>1</sup>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions unless otherwise indicated) | Updated Forecast<br> 2025/26 | Budget <br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 |
| **Taxpayer-supported debt** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Provincial government |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating | 31866 | 45522 | 57563 | 69000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital <sup>2</sup> | 51330 | 57356 | 63514 | 69332 |
| &nbsp;&nbsp;&nbsp;**Total provincial government** | 83196 | 102878 | 121077 | 138332 |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported entities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 27979 | 32959 | 38216 | 43338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Authorities and Hospital Societies | 2281 | 2227 | 2169 | 2104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post Secondary institutions | 1000 | 1060 | 1061 | 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social Housing | 1642 | 2729 | 2967 | 2324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other <sup>3</sup> | 442 | 1044 | 1416 | 1822 |
| &nbsp;&nbsp;&nbsp;**Total taxpayer-supported entities** | 33344 | 40019 | 45829 | 50687 |
| **Total taxpayer-supported debt** | **116540** | **142897** | **166906** | **189019** |
| **Self-supported debt** | **37519** | **40477** | **42949** | **45540** |
| **Total provincial debt** | **154059** | **183374** | **209855** | **234559** |
| **Taxpayer-supported debt to GDP ratio** | **26.1%** | **30.6%** | **34.4%** | **37.4%** |
| **Total provincial debt to GDP ratio** | **34.5%** | **39.3%** | **43.2%** | **46.4%** |
| **Taxpayer-supported debt per capita ($)** | **20453** | **25305** | **29431** | **32988** |
| **Taxpayer-supported interest bite (cents per dollar of revenue)** | **4.9** | **6.2** | **7.3** | **8.2** |

---

<sup>1</sup> Provincial debt is prepared in accordance with Generally Accepted Accounting Principles and presented consistent with the Debt Summary Report included in the Public Accounts. Debt is shown net of sinking funds and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province.

<sup>2</sup> Includes debt incurred by the government to fund the building of capital assets in the education, health, social housing and other sectors.

<sup>3</sup> Forecast includes potential provincial First Nation equity loan guarantees that may be authorized by Treasury Board under the First Nations Equity Financing program.

Government obtains financing from outside sources mainly through debt instruments that are to be repaid on future dates. Total provincial debt is projected to increase by $80.5 billion over the fiscal plan period to $234.6 billion by 2028/29.

Taxpayer-supported debt is forecast to increase by $72.5 billion to $189.0 billion by 2028/29 to finance the operating deficits and significant investments in capital infrastructure over the next three years, including $5.7 billion borrowed for education projects, $8.5 billion for health facilities, $15.7 billion for transportation sector projects, $2.9 billion for social housing and $2.6 billion for other service delivery agencies and general government.

The self-supported debt of commercial Crown corporations is forecast to increase by $8.0 billion over the fiscal plan period, ending at $45.5 billion. This increase is mainly for capital investments related to improving and expanding British Columbia's hydroelectric generation and distribution assets.

Borrowing requirements and debt are affected by changes in the timing of capital project spending as well as the Province's actual operating results and the timing and amount of upcoming requirements. The current projection of total provincial debt for 2025/26 is $2.6 billion lower than forecast in *Budget 2025* due to improved operating results and lower capital funding requirements, partially offset by changes in working capital balances and a higher opening balance adjustment for the 2024/25 year end.

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Increasing debt levels are expected to result in higher debt metrics, with taxpayer-supported debt-to-GDP rising to 37.4 per cent at the end of the fiscal plan period (see Chart 1.4). The debt-to-GDP trend has improved from the *First Quarterly Report* which was impacted by the decision to eliminate the consumer carbon tax. Steps taken in *Budget 2026* have improved this metric measurably.

**Chart 1.4 Taxpayer-supported Debt-to-GDP**

![](tm265823d1_ex99-5sp6img004.jpg)

Despite this growth, B.C.'s net liabilities-to-GDP remains one of the lowest in Canada (see Chart 1.5).

**Chart 1.5 Debt Affordability Among Provinces**

![](tm265823d1_ex99-5sp6img005.jpg)

\* Net-liabilities to GDP is used for inter-provincial comparison due the availability of public information. Figures were sourced from each jurisdiction's latest fiscal or economic update published from February 2025 through November 2025. B.C. figures are based on the *Budget 2026* forecast.

With increasing debt levels, government's debt servicing costs are expected to increase over the fiscal plan period. A common metric of affordability is the interest bite, or the taxpayer-supported interest cost as a percentage of revenue, which is forecast at 4.9 per cent in 2025/26 and reaches 8.2 per cent by 2028/29.

Government's gross borrowing requirements over the fiscal plan period are anticipated to total $100.2 billion, which will finance government's operating and capital investments, as well as refinancing of debt maturities (see Table 1.10).

Total provincial debt is presented consistent with the Debt Summary Report included in the *Public Accounts*. Debt is shown net of sinking fund investments and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province. The reconciliation between provincial debt and the financial statement debt is shown in Appendix Table A15.

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Additional details on government's outstanding debt are provided in Appendix Tables A17 to A19.

**Table 1.10 Provincial Borrowing Requirements**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($millions) | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 |
| **Total provincial debt**<sup>1</sup> **at beginning of year** | **133877** | **154059** | **183374** | **209855** |
| &nbsp;&nbsp;&nbsp;New borrowing <sup>2</sup> | 31496 | 34909 | 35024 | 30276 |
| &nbsp;&nbsp;&nbsp;Direct borrowing by Crown corporations and agencies | 150 | 524 | 182 | 437 |
| &nbsp;&nbsp;&nbsp;Retirement of debt <sup>3</sup> | (11464) | (6118) | (8725) | (6009) |
| &nbsp;&nbsp;&nbsp;Net change in total debt | 20182 | 29315 | 26481 | 24704 |
| **Total provincial debt**<sup>1</sup> **at year end** | **154059** | **183374** | **209855** | **234559** |
| **Annual growth in debt (per cent)** | **15.1** | **19.0** | **14.4** | **11.8** |

---

<sup>1</sup> Provincial debt is prepared in accordance with Generally Accepted Accounting Principles and presented consistent with the Debt Summary Report included in the Public Accounts. Debt is shown net of sinking funds and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province.

<sup>2</sup> New long-term borrowing including refinancing of short-term debt with long-term borrowing.

<sup>3</sup> Maturities (net of sinking fund balances), sinking fund contributions, and sinking fund earnings.

**Relationship Between Deficit and Debt**

In addition to operating results, the change in debt is affected by cash balance changes and other working capital changes, as well as the debt financing requirements of government's capital plan. Table 1.11 reconciles the forecast deficits with changes in debt.

**Table 1.11 Provincial Debt Changes**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ millions) | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 |
| **Total provincial debt**<sup>1</sup> **at beginning of year** | **133877** | **154059** | **183374** | **209855** |
| **Taxpayer-supported debt changes** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Annual deficit | 9614 | 13309 | 12165 | 11437 |
| &nbsp;&nbsp;&nbsp;Non-cash items | (3242) | (3412) | (3677) | (3876) |
| &nbsp;&nbsp;&nbsp;Changes in commercial Crown corporations' retained earnings | 1644 | 1441 | 1447 | 1444 |
| &nbsp;&nbsp;&nbsp;Changes in cash balances <sup>2</sup> | (4786) | (338) | (60) | 239 |
| &nbsp;&nbsp;&nbsp;Changes in other working capital balances <sup>3</sup> | 1754 | 1693 | 1017 | 1984 |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported capital spending | 12467 | 13664 | 13117 | 10885 |
| **Annual change in total taxpayer-supported debt** | **17451** | **26357** | **24009** | **22113** |
| **Self-supported debt changes** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net operating cash flows | (1875) | (2055) | (2576) | (2603) |
| &nbsp;&nbsp;&nbsp;Commercial crown capital spending | 4606 | 5013 | 5048 | 5194 |
| **Annual change in total self-supported debt** | **2731** | **2958** | **2472** | **2591** |
| **Annual change in total provincial debt** | **20182** | **29315** | **26481** | **24704** |
| **Total provincial debt**<sup>1</sup> **at year end** | **154059** | **183374** | **209855** | **234559** |

---

<sup>1</sup> Provincial debt is prepared in accordance with Generally Accepted Accounting Principles and presented consistent with the Debt Summary Report included in the Public Accounts. Debt is shown net of sinking funds and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province.

<sup>2</sup> Changes in cash balances include all cash balances from the Consolidated Revenue Fund, School Districts, Universities, Colleges, Health Authorities, Hospital Societies and other taxpayer-supported agencies.

<sup>3</sup> Changes in other working capital balances include changes in accounts receivables, accounts payable, accrued liabilities, deferred revenue, investments, restricted assets and other assets.

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**Risks to the Fiscal Plan**

Table 1.12 provides the estimated fiscal impacts of the identified sensitivities for some of the key variables in the fiscal plan projections on an individual basis. However, inter-relationships between the variables may cause the actual variances to be higher or lower than the estimates shown in the table. For example, an increase in the US/CDN dollar exchange rate may be partly offset by higher commodity prices.

The assumptions and risk sensitivities for individual revenue sources and major program areas can be found in Appendix Tables A5 and A6.

**Table 1.12 Key Fiscal Sensitivities**

---

| | | |
|:---|:---|:---|
| Variable | Increases of | ($ millions)<br> Annual Fiscal Impact |
| Nominal GDP | 1% | $300 – $500 |
| Lumber prices (US$/thousand board feet) | $50 | $40 – $60 <sup>1</sup> |
| Natural gas prices (Cdn$/gigajoule) | 25 cents | $150 – $250 <sup>2</sup> |
| US exchange rate (US cent/Cdn $) | 1 cent | -$50 to -$90 |
| Interest rates | 1 percentage point | -$271 |
| Debt | $500 million | -$18 to -$21 |

---

<sup>1</sup> Sensitivity relates to stumpage revenue only. <br> <sup>2</sup> Sensitivities can vary significantly especially at lower prices.

**Own Source Revenue**

The main areas that may affect own source revenue forecasts are B.C.'s overall economic activity, the performance of its major trading partners, the exchange rate and commodity prices.

Revenues are sensitive to economic performance. For example, taxation and other revenue sources are driven by economic factors, such as household income, consumer expenditures, housing starts, employment, population growth and the exchange rate. The revenue forecast contained in the fiscal plan is based on the economic forecast detailed in *Part 3 - British Columbia Economic Review and Outlook*. As well, it incorporates commodity price forecasts developed by the Ministry of Forests, the Ministry of Energy and Climate Solutions and the Ministry of Mining and Critical Minerals based on private sector information.

Income tax revenue forecasts are based on projections of household income, net operating surpluses of corporations and the federal government estimates of national corporate taxable income. The forecasts are updated from reports on tax assessments provided by the Canada Revenue Agency. As a result, revenue estimates and tax credits can be affected by timing lags in the reporting of current and prior year tax assessments by the Canada Revenue Agency.

Government revenues can also be volatile due to the influence of the cyclical natural resource sector in the economy, and the importance of natural resource revenues in the Province's revenue base. Changes in commodity prices, such as natural gas, lumber or coal may have a significant effect on natural resource revenues and economic growth.

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The economic and revenue forecasts could be affected by trade related issues, such as continued uncertainty around restrictive global trade policies, U.S. tariffs, and renewal of the *Canada-United States-Mexico Agreement*.

There is also the ongoing U.S.-Canada softwood lumber dispute. The imposition of countervailing and anti-dumping duties by the U.S. on Canadian softwood lumber exports, and the addition of tariffs on wood products, have the effect of increasing market uncertainty and volatility as well as increasing costs and imposing burdensome bonding requirements for Canadian producers. B.C. disagrees with the views that the lumber industry is subsidized or that it sells lumber into the U.S. at below cost or sales value in Canada, and is supporting the federal government in its challenges of the application of duties to the World Trade Organization and under Chapter 19 of the *North American Free Trade Agreement* and under Chapter 10 of the *Canada-United States-Mexico Agreemen*t.

As a result, some B.C. communities and residents that are reliant on the forest sector have been adversely affected by the continuing uncertainty and volatility. Actual results for a number of factors, including assumptions for lumber prices, harvest volumes, interest and exchange rates could pose risks to the fiscal plan.

Over the fiscal plan period, the outlook for forest revenue is lower than in recent years, incorporating lower harvest volumes. The impacts of the mountain pine beetle infestation and forest fires have reduced the supply of timber available to the forest industry. Government is also protecting more of the oldest and rarest forests through the old growth deferral strategy, while accelerating efforts to build a stronger, more innovative forestry industry.

Details on major assumptions and sensitivities resulting from changes to those assumptions are outlined in Appendix Table A5.

**Federal Government Contributions**

Potential policy changes regarding federal government allocations, including health and social transfers and cost-sharing agreements, could affect the revenue and the expenditure forecasts. The forecast incorporates preliminary estimates of the cost associated with severe flooding and other events that are eligible for federal government contributions under the *Disaster Financial Assistance Arrangements*. Expenses and the related federal contributions could be higher or lower depending on the timing of the determination of expenses by the Province and federal validation.

**Impacts of Federal Government Policy Changes**

Unexpected changes in federal government policies may have a broader impact on the forecast of provincial revenues and spending programs. Changes to immigration targets may affect tax revenue sources and demands for government programs and services. For example, the recently announced cap on international students may impact the student-related revenues and spending of post-secondary institutions.

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**Crown Corporations**

Crown corporations provided financial forecasts and statements of assumptions approved by their boards, which were used to prepare the government's fiscal plan. These forecasts, along with further details on assumptions and risks, are also included in the service plans of these corporations and agencies, being released with the budget.

**SUCH Sector**

The fiscal plan incorporates three-year projections for school districts, post-secondary institutions, and health authorities, based on plans submitted by those entities.

Forecasts for the health authorities have been signed off by the board chairs of the respective health authorities. The Ministry of Health will continue to work with the health authorities to manage any emerging revenue and spending pressures.

Forecasts for the universities, colleges, and institutions have been signed off by chairs of the board or audit committee and lead financial officers.

Forecasts for the combined school districts have been compiled by the Ministry of Education and Child Care based on the requirements of the *School Act,* the current year plans developed by the school districts, and ministry policy assumptions respecting future funding allocations. Variances from these assumptions could impact the fiscal plan.

**Spending**

Government funds several demand-driven programs, including those delivered through third-party delivery agencies, such as health care, K-12 and post-secondary education, income assistance and community social services. The budgets for these programs reflect reasonable estimates of demand and other factors such as price inflation. If demand is higher than estimated, this will result in a spending pressure to be managed.

The spending plans for the Ministry of Forests and the Ministry of Emergency Management and Climate Readiness include base amounts to fight wildfires and respond to floods and other public emergencies. Unanticipated or unpredictable occurrences may affect expenses in these ministries.

Increasing levels of debt result in a higher potential impact from the risk of interest rate increases.

Details on major assumptions and sensitivities resulting from changes to those assumptions are shown in Appendix Table A7 and in ministry service plans.

**Capital Risks**

The capital spending forecasts included in the fiscal plan may be affected by subsequent planning (i.e. design development) and procurement activities (i.e. receipt/review of construction bids) resulting in project costs that are higher than the initial approved budgets. For large capital projects, government will review the budget and scope risks, and the strategies to mitigate these risks.

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Other risks affecting capital spending forecasts include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in the timing of capital project spending, which may reduce borrowing requirements and debt needed to fund capital investments
in the near term;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· weather and geotechnical conditions, including the outcome of environmental impact studies, causing project delays and/or unexpected
costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in market conditions, including service demand, the impact of inflation on building material costs, the availability of, and
wage rates for, skilled workers, and borrowing costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the accuracy of capital project budget and construction schedule forecasts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the successful negotiation/timing of cost-sharing agreements with the federal government and other funding partners; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the timing and outcomes of public-private sector partnership negotiations.

**Pending Litigation**

The spending plan for the Ministry of the Attorney General contains provisions for payments under the *Crown Proceeding Act* based on estimates of expected claims, judgments and related costs of settlements likely to be incurred. Litigation developments may occur that are beyond the assumptions used in the plan (for example, higher-than-expected volumes, or size of claim amounts and timing of judgments and settlements). These developments may affect government revenues and/or expenditures in other ministries. Litigation may also impact government agencies and corporations.

**Write-downs and Other Adjustments**

Ministry budgets provide for anticipated levels of asset or loan write-downs where these expenses can be reasonably estimated. The overall spending forecast does not make allowance for extraordinary items other than the amount provided in the Contingencies Vote.

**Prudence and Risk**

The economic, financial, and external variables and factors that impact the estimates of revenues, expenditures, capital spending and debt will change throughout the year as new information becomes available with potentially material impacts. As a result, the actual operating surplus/deficit, capital expenditure and debt figures may differ from the current forecast. Government will continue to update the fiscal plan throughout the year.

Government incorporates a prudent approach in forecasting with the aim of meeting or exceeding budget projections. This prudence is primarily reflected in revenue projections that are supported by various sources of external information, and spending forecasts which include complete costing for approved programs and initiatives. More specifically, the following measures are part of *Budget 2026:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Economic growth assumptions for the province's major trading partners are prudent compared to private sector forecasts to reflect
external risks. The *Budget 2026* projections for British Columbia real GDP are within the range of the outlook provided by members
of the Economic Forecast Council.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The *Budget 2026* natural gas price forecast is lower than the private sector average over the next three years, to adopt prudence
in preparing the natural gas royalty forecast. Over the ensuing three years, the *Budget 2026* natural gas price projection averages
60 cents lower than the average of the private sector forecasters (see Appendix Table A6 for details).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The *Budget 2026* expense forecast includes a Contingencies voted appropriation of $5 billion in each year of the fiscal plan
to manage priority spending initiatives and caseload pressures.

78 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

**PART 2 \| TAX MEASURES**

**Table 2.1 Summary of Tax Measures**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | Taxpayer Impacts | Taxpayer Impacts | Taxpayer Impacts |
|  | <br>Effective Date | 2026/27 | 2027/28 | 2028/29 |
|  |  | ($ millions) | ($ millions) | ($ millions) |
| **Home Owner Grant Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Repeal northern and rural home owner benefit | January 1, 2027 | 24 | 97 | 97 |
| **Income Tax Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Increase lowest personal income tax rate from 5.06% to 5.60% | January 1, 2026 | 476 | 493 | 513 |
| &nbsp;&nbsp;&nbsp;· Increase B.C. tax reduction credit by $115 | January 1, 2026 | (123) | (122) | (121) |
| &nbsp;&nbsp;&nbsp;· Freeze personal income tax brackets and non-refundable credits | January 1, 2027 | 60 | 309 | 590 |
| &nbsp;&nbsp;&nbsp;· Amend scientific research and experimental development tax credit | December 16, 2024 | (16) | (15) | (15) |
| &nbsp;&nbsp;&nbsp;· Increase tax credit for volunteer firefighters and search and rescue volunteers | January 1, 2026 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;· Introduce new B.C. children and youth disability supplement | Regulation |  | (105) | (140) |
| &nbsp;&nbsp;&nbsp;· Eliminate sunset date for farmers' food donation tax credit | royal assent | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Eliminate production services tax credit pre-certification requirement | royal assent | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Extend filing deadlines for Film Incentive B.C. tax credit and production services tax credit | royal assent | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Eliminate filing requirement for Film Incentive B.C. completion certificate | royal assent | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Increase production services tax credit certification fee and introduce major production tax credit certification fee | March 1, 2026 | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Introduce new manufacturing and processing investment tax credit | April 1, 2026 | (55) | (55) | (55) |
| &nbsp;&nbsp;&nbsp;· Eliminate sunset date for book publishing tax credit | March 31, 2026 | \* | \* | \* |
| &nbsp;&nbsp;&nbsp;· Extend Shipbuilding and ship repair industry tax credit | royal assent | \* | \* | \* |
| **Land Tax Deferment Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Amend property tax deferment program interest rate terms | January 1, 2026 | 11 | 23 | 34 |
| **Police Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Set property tax rates | January 1, 2026 | \* | \* | \* |
| **Property Transfer Tax Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Expand purpose-built rental exemption | January 1, 2025 | \* | \* | \* |
| **Provincial Sales Tax Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Expand PST to certain professional services | October 1, 2026 | 261 | 534 | 563 |
| &nbsp;&nbsp;&nbsp;· Eliminate exemptions for clothing patterns, basic cable, and landline services | October 1, 2026 | 23 | 44 | 43 |
| **School Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Increase additional school tax rates | January 1, 2027 | 35 | 139 | 142 |
| &nbsp;&nbsp;&nbsp;· Set provincial residential class school property tax rates | January 1, 2026 | 51 | 124 | 201 |
| &nbsp;&nbsp;&nbsp;· Set provincial non-residential class school property tax rates | January 1, 2026 | 5 | 31 | 59 |
| **Speculation and Vacancy Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Increase rate for foreign owners and untaxed worldwide earners to 4% | January 1, 2027 | 6 | 23 | 23 |
| **Taxation (Rural Area) Act** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Set provincial rural area property tax rates | January 1, 2026 |  | 2 | 4 |
| **Various Acts** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;· Various technical measures | various |  |  |  |
| **Total** |  | **757** | **1521** | **1937** |

---

\* Denotes measures that have no material impact on taxpayers.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 79 <br>

Tax Measures

**B.C. Tax Updates**

Since taking office, government has worked hard to reduce the tax burden on British Columbians and their families. This includes: eliminating MSP premiums; introducing and enhancing the B.C. family benefit; introducing the renter's tax credit; increasing the B.C. tax reduction credit; and timely temporary enhancements and supports. As a result of these efforts taxpaying British Columbians are now paying less provincial tax in 2026 than they would have in 2022 at the same income levels.

Provincial tax revenue is the largest source of provincial revenue (58 per cent in 2025/26; see Appendix Table A9) used to fund the services British Columbians rely on.

As part of *Budget 2026'*s efforts to protect critical services for the people of B.C., the government is taking steps to increase provincial revenue by updating taxes.

At the same time government continues to help people with costs and ensure British Columbians benefit from some of the lowest overall tax burdens in Canada.

***Fiscal impacts of eliminating carbon tax***

For its first ten years, revenue raised by B.C.'s consumer carbon tax was used to pay for tax cuts in other areas, including reductions to the first two personal income tax rates, reductions to the small business corporate tax income tax rate, elimination of the provincial sales tax on electricity, and industry property tax deductions.

When the Province eliminated the consumer carbon tax and the climate action tax credit in 2025, it resulted in net negative fiscal impacts estimated at $2,083 million in 2026/27, $2,343 million in 2027/28, and $2,554 million in 2028/29.

80 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Tax Measures

**Tax Measures — Supplementary Information**

*For more details on tax changes see:<br> <u>www.gov.bc.ca/budgettaxchanges</u>*

***Home Owner Grant Act***

**Northern and Rural Home Owner Benefit Repealed**

Effective January 1, 2027, the northern and rural home owner benefit is repealed. The northern and rural home owner benefit was introduced to offset the effects of the consumer carbon tax, which has now been repealed. It has provided an additional $200 to eligible home owner grant recipients who live outside the Capital, Metro Vancouver, and Fraser Valley regional districts to offset their higher carbon tax costs.

***Income Tax Act***

**Lowest Personal Income Tax Rate and Basic Personal Income Tax Credits Increased**

Effective for the 2026 and subsequent taxation years, the lowest personal income tax rate is increased from 5.06 per cent to 5.60 per cent. This increased rate will apply to the first $50,363 of taxable income for 2026, and will appear on paycheques after July 1, 2026, when payroll withholdings are updated.

Effective for the 2026 and subsequent taxation years, the applicable percentage for the basic personal income tax credits is also increased from 5.06 per cent to 5.60 per cent. This will increase the amount of tax credits that can be claimed under the basic personal amount, age amount, and other basic non-refundable income tax credits to fully or partially offset the tax rate increase for taxpayers.

The tax impacts will vary by taxpayer based on income levels and the availability of tax credits. While the average taxpayer will pay an additional $76 in income taxes in 2026, more than 40 per cent of taxpayers will see a tax saving when combined with the B.C. tax reduction credit increase below. The maximum tax impact will be $201 in 2026 and will be paid by individuals with income greater than $140,000 and who do not have additional tax credits available. This represents approximately 1 per cent of taxpayers.

In addition, given recent federal tax changes to decrease the lowest federal personal income tax rate by one percentage point, BC taxpayers will on average pay lower combined personal income taxes in 2026, except for high-income individuals earning above $265,545 who will see a net tax increase. B.C. continues to have the lowest income taxes of any province in Canada for individuals earning less than $149,000.

**B.C. Tax Reduction Credit Amount Increased**

Effective for the 2026 taxation year, the maximum B.C. tax reduction credit is increased by $115 to $690. The credit is non-refundable and can be claimed by lower-income individuals. The maximum amount can be claimed by individuals who have a net income of less than $25,570 for 2026. The credit is reduced by 3.56 per cent for income that exceeds the threshold.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 81 <br>

Tax Measures

This increased tax credit will further offset the tax rate increase from 5.06 per cent to 5.60 per cent, effective for the 2026 taxation year. With this increase to the B.C. tax reduction credit, taxpayers with income below $25,570 will see tax savings of up to $690 for the year, while taxpayers with income below $44,950 will receive a partial credit.

**Personal Income Tax Brackets and Non-Refundable Tax Credits Indexation Paused for 2027 through 2030**

Effective for the 2027 through to the 2030 taxation years, the personal income tax brackets and non-refundable tax credits are paused at their 2026 income levels. Indexation will return for the 2031 and subsequent taxation years. This change follows similar changes made in Alberta in 2019 and Manitoba in 2025.

This change will impact the province's seven personal income tax bracket amounts, as well as non-refundable personal income tax credit amounts, including the basic personal amount, age amount, and disability amount. The change will have a greater effect on British Columbians with higher incomes.

**The Scientific Research and Experimental Development Tax Credit Amended**

The Scientific Research and Experimental Development (SR&ED) tax credit is amended as follows to align with recent changes to the federal SR&ED tax incentive program:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The expenditure limit for the refundable tax credit is increased from $3 million to $6 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The taxable capital phase-out thresholds are increased from $10 million and $50 million to $15 million and $75 million, increasing
the range over which the expenditure limit is gradually reduced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Capital expenditures are now eligible for the tax credit again; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Eligible Canadian public corporations are now able to claim the refundable SR&ED tax credit.

These changes are effective for taxation years that begin on or after December 16, 2024.

The sunset date for the SR&ED tax credit is also removed.

**Tax Credit for Volunteer Firefighters and Search and Rescue Volunteers Increased**

Effective for the 2026 and subsequent taxation years, the amount of income an individual can claim for the tax credit for volunteer firefighters and search and rescue volunteers is increased from $3,000 to $6,000. This increases the maximum tax credit that may be claimed from $168 to $336.

**New Children and Youth Disability Supplement Introduced**

A new children and youth disability supplement for the B.C. Family Benefit is introduced for payments beginning July 1, 2027. This measure is being introduced as part of changes to the Children and Youth with Support Needs program.

The new payment will be income-tested and available to families who have children with support needs and that meet the eligibility criteria. Families will be eligible for an additional annual amount of up to $6,000 for each eligible dependent. Eligibility will be determined based on entitlement to the federal disability tax credit. The maximum payment amount of $6,000 will be reduced at a rate of 4 per cent for families with income above the $50,000 threshold. The additional payment will be delivered monthly alongside the B.C. Family Benefit.

82 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Tax Measures

**Farmers' Food Donation Tax Credit Made Permanent**

Effective on royal assent, the farmers' food donation tax credit is made permanent by removing its sunset date. The non-refundable credit is equal to 25 per cent of the fair market value of donated agricultural products and is intended to encourage farmers to donate fresh food to registered charities such as food banks and homeless shelters. Removing the sunset date supports investments in long-term food security efforts and further reduces food waste.

**Mining Exploration Tax Credit Eligible Expenditures Confirmed**

Subject to legislative amendments to the *Income Tax Act (Canada)*, effective November 4, 2024, the Province will amend the B.C. mining exploration tax credit to clarify that expenses incurred for the purpose of determining the quality of a mineral resource in Canada does not include expenses related to determining the economic viability or engineering feasibility of the mineral resource.

This change aligns with the announcement in federal *Budget 2025*.

**Production Services Tax Credit Pre-Certification Requirement Eliminated**

Effective on royal assent, the requirement for corporations to file a notice of intent to claim the production services tax credit is eliminated for notices due on or after February 17, 2026.

Notices that were required to have been filed prior to February 17, 2026 will continue to be subject to the previous requirements and timelines.

**Film Incentive B.C. and Production Services Tax Credit Filing Deadlines Extended**

Effective on royal assent, the time in which a corporation must file a claim for either the Film Incentive B.C. tax credit or the production services tax credit is extended from 18 months to 36 months after the end of the corporation's taxation year.

The new time limit of 36 months applies to corporations with a taxation year beginning on or after February 17, 2026. For corporations with taxation years beginning before February 17, 2026, the time limit of 18 months is extended by a further 18 months if that time limit would have expired on or after February 17, 2026.

**Requirement to File a Completion Certificate Eliminated**

Effective on royal assent, corporations claiming the Film Incentive B.C. tax credit are no longer required to file a completion certificate with the Canada Revenue Agency that would have been due on or after February 17, 2026.

This change relates to the filing of a tax credit claim and does not affect a corporation's requirement to apply for a completion certificate with the certifying authority.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 83 <br>

Tax Measures

**Production Services Tax Credit Certification Fee Increased and Major Production Tax Credit Certification Fee Introduced**

Effective March 1, 2026, the accreditation certificate fee for the production services tax credit is increased to $19,000 for corporations that began principal photography after December 31, 2024 and apply for certification on or after March 1, 2026. The major production tax credit certificate fee is set at $5,000.

**B.C. Manufacturing and Processing Investment Tax Credit Introduced**

Effective April 1, 2026, a new temporary refundable investment tax credit is introduced for investments made by Canadian-controlled private corporations in buildings and machinery and equipment used for manufacturing and processing, subject to exclusions in the legislation.

The new investment tax credit is calculated as 15 per cent of eligible investments up to $2 million, for a maximum credit of $300,000.

The new investment tax credit is available at a rate of 15 per cent for investments made on or after April 1, 2026 until March 31, 2031. Starting April 1, 2031, the tax credit rate will be reduced by 2.5 percentage points per year until it is fully phased out for investments made after March 31, 2036.

**Book Publishing Tax Credit Made Permanent**

Effective March 31, 2026, the book publishing tax credit is made permanent by removing its sunset date.

The refundable credit, worth 90 per cent of the base amount of federal contributions received under the Canada Book Fund, supports B.C.-based book publishers.

**Shipbuilding and Ship Repair Industry Tax Credit Extended**

Effective on royal assent, the shipbuilding and ship repair industry tax credit is extended for one year to the end of 2027.

***Land Tax Deferment Act***

**Property Tax Deferment Program Interest Rate Terms Amended**

Effective for the 2026 and subsequent taxation years, the property tax deferment program interest rate terms are amended. The interest rates for the regular and families with children programs are harmonized, increased to rate of prime plus two per cent compounded monthly.

The new interest rate will apply to property taxes deferred under both programs in respect of 2026 and subsequent taxation years. Any amounts deferred in respect of taxation years prior to 2026 will continue to be subject to the interest rate terms set under their applicable deferment agreements.

The Province's borrowing costs have been higher than the program's lending terms, at a cost to other taxpayers. With this change the lending terms for new loans will more closely align with commercial lending terms.

84 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Tax Measures

***Police Act***

**Police Tax Rates Set**

Effective for the 2026 tax year, the police tax rates are set to recover 33 per cent of legislated costs, after policy-based deductions, consistent with the policy in place since 2023.

The police tax is a provincial property tax that partially recovers the Province's costs of policing in rural areas and small municipalities with populations below 5,000. The *Police Act* allows for up to 50 per cent of legislated costs to be recovered through the police tax.

***Property Transfer Tax Act***

**Purpose-Built Rental Exemptions Expanded**

Effective January 1, 2025, the purpose-built rental exemptions from the property transfer tax are expanded to apply to newly constructed purpose-built rental buildings leased for a maximum of 24 months before their first taxable transaction is registered at the Land Title and Survey Authority of British Columbia. The 24-month period begins on the commencement date of the first lease, and leases must have a term of one month or longer.

The expanded exemptions recognize a common practice among developers to lease units in newly constructed rental buildings to achieve steady revenue prior to sale. This is often required by lenders and purchasers who rely on the verified revenue to determine a building's value.

Purchases of new qualifying purpose-built rentals are exempt from the further 2 per cent property transfer tax, which applies to the fair market value of the residential component of a taxable transaction that exceeds $3 million. In addition, transactions that occur between January 1, 2025 and December 31, 2030 are also exempt from the general property transfer tax. These exemptions were initially introduced in *Budget 2023* and *Budget 2024* to address housing affordability by incentivizing the construction of rental housing.

To qualify, properties must be newly constructed, non-stratified, and held as rentals on a monthly basis or longer for at least 10 years. The residential portion of the property must be entirely used for rental purposes and have at least 4 apartments.

***Provincial Sales Tax Act***

**PST Expanded to Certain Professional Services**

The provincial sales tax (PST), introduced in 1948, is a retail sales tax that primarily taxes the sale of goods. Since its introduction, B.C.'s economy has shifted significantly towards services, which have largely remained untaxed under the PST. B.C. currently has the narrowest sales tax base of all Canadian provinces that have a sales tax.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 85 <br>

Tax Measures

Effective October 1, 2026, the following services will become subject to the PST: accounting and bookkeeping services; architectural services; engineering and geoscience services; rental property and strata management services and commissions related to buying and selling non-residential real estate; and security and private investigation services. Expanding the tax to these services is generally consistent with how tax applies to these services in most provinces. The PST on architectural, engineering, and geoscience services will apply to 30 per cent of the purchase price of the services subject to the tax.

Businesses that provide these services will need to register to collect and remit PST. More information will be made available before the taxes come into effect.

**PST Exemptions for Clothing Patterns, Basic Cable, and Landline Services Eliminated**

Effective October 1, 2026, the PST exemption for clothing patterns, yarn, natural fibres, synthetic thread, and fabric that are commonly used in making or repairing clothing are eliminated. The exemption for services related to clothing and footwear will also be removed. Eliminating these exemptions is generally consistent with how tax applies to these goods and services in most provinces. Basic laundry services will remain exempt.

The PST exemptions for basic cable television services, toll-free telephone services, and residential landline telephone services are also eliminated. This will improve fairness across platforms as alternatives to these services are currently taxable.

***School Act***

**Additional School Tax Rates Increased**

Effective for the 2027 and subsequent taxation years, the rates for the school tax on residential properties valued over $3 million are increased. The tax rate that applies to the residential portion assessed between $3 million and $4 million is increased from 0.2 per cent to 0.3 per cent, and the tax rate that applies to the portion of residential assessed value that exceeds $4 million is increased from 0.4 per cent to 0.6 per cent.

The additional school tax applies to most properties in the residential class assessed at over $3 million, including detached homes, stratified condominiums or townhouse units, and most vacant land. In the case of a mixed-use property, only the residential portion of the property's taxable assessed value above $3 million is subject to the tax. An estimated 2.3 per cent of residential folios are subject to the additional school tax.

**Provincial Non-Residential Class School Property Tax Rates Set**

Since 2005, the Province has set non-residential property tax rates at a level such that industrial property tax revenues increase by inflation plus new construction. In contrast, B.C.'s other major sources of tax revenues, such as income and consumption taxes, have kept pace with GDP growth. The share of tax revenue from provincial property taxes has decreased from 14 per cent in 2003/04 to 8 per cent in 2025/26.

86 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

Tax Measures

To prevent further decline, for 2026 and future years, non-residential class school property taxes will be increased based on the 3-year average annual change in provincial nominal Gross Domestic Product. This policy replaces the previous rate setting policy, which increased non-residential class school tax revenue by inflation plus tax on new construction. This policy change maintains the property tax base relative to economic growth, in line with other provincial taxes.

**Provincial Residential Class School Property Tax Rates Set**

Consistent with the change for non-residential property tax rates, starting in 2026, residential class school property taxes will be increased based on the 3-year average annual change in provincial nominal Gross Domestic Product, before application of the home owner grant. This policy replaces the longstanding rate setting policy, where average residential class school property taxes, before application of the home owner grant, increased by the previous year's provincial inflation rate. This policy change maintains the property tax base relative to economic growth, in line with other provincial taxes.

***Speculation and Vacancy Tax Act***

**Speculation and Vacancy Tax Rate Increased**

Effective January 1, 2027, the rate for foreign owners and untaxed worldwide earners, as well as others specified under the *Speculation and Vacancy Tax Act* currently taxed at 3 per cent, will increase from 3 per cent to 4 per cent.

The increased tax rate of 4 per cent will apply to the speculation and vacancy tax payable by these property owners based on the use of their residential properties during the 2027 calendar year and onward. This will not impact taxpayers declaring based on the use of their residential properties in 2026 or before.

Increasing this speculation and vacancy tax rate will help ensure residential properties are used as homes rather than investments.

***Taxation (Rural Area) Act***

**Provincial Rural Area Property Tax Rates Set**

In line with the change to school tax rate setting policy, starting in 2026, rural property taxes will be increased based on the 3-year average annual change in provincial nominal Gross Domestic Product. This replaces the previous approach of adjusting rural tax revenues by inflation plus tax on new construction. The change is intended to maintain the property tax base relative to economic growth, in line with other provincial taxes.

A single rate applies to each property class province-wide, excluding utility and industrial properties in the Peace River Regional District.

**Various Acts**

**Various Technical Measures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective June 30, 2026, the *Assessment Act* is amended to clarify the existing practice that BC Assessment is not required
to consider the effect of private encumbrances affecting use when determining the assessed value of a property.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 87 <br>

Tax Measures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective August 4, 2023, the *Income Tax Act* is amended to allow Canada Revenue Agency to reduce renounced amounts for
the B.C. mining flow-through share tax credit and the mining exploration tax credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective on royal assent, the *School Act* and the *Taxation (Rural Area) Act* are amended to expand the definition of
 "eligible corporation" to include trusts that are for the benefit of one or more First Nations and corporations that are wholly-owned
subsidiaries of other eligible corporations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective January 1, 2027, the *Speculation and Vacancy Tax Act* is amended so that property owners who do not declare by
the March 31 due date will be charged a $250 non-refundable late declaration penalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective on royal assent, the *Speculation and Vacancy Tax Act* is amended to remove a property owner's right to appeal
an assessment arising from their own declaration that an exemption does not apply to their property under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective on royal assent, the *Property Transfer Tax Act* is amended to allow a person to appeal the imposition of a gross negligence
penalty to the Minister of Finance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective on royal assent, the *Property Transfer Tax Act* is amended to extend the limitation period for charging a person with
an offence from one year to six years, aligning the limitation period for all offences under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective on royal assent, the *Property Transfer Tax Act* is amended to clarify that residential property is defined as property
that is classified as class 1 on the assessment roll for the applicable year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Effective February 18, 2026, the *Provincial Sales Tax Act* and Provincial Sales Tax Exemption and Refund Regulation are
amended to enable sellers of goods to provide a point-of-sale exemption or refund to businesses purchasing goods for use outside of the
province. The new exemption will allow the purchaser to remove the goods from B.C. instead of requiring the seller to do so. To claim
an exemption or refund, the purchaser must provide evidence that the goods are being shipped outside of B.C. for business use.

88 \| Budget and Fiscal Plan - 2026/27 to 2028/29 <br>

**PART 3 \| BRITISH COLUMBIA ECONOMIC REVIEW AND OUTLOOK<sup>1</sup>**

**Summary**

B.C.'s economy saw mixed performance among sectors in 2025 amid U.S. tariffs and related global economic uncertainty, and declining B.C. population growth. Consumer spending on goods was strong through the first half of the year but has slowed in recent months. The Bank of Canada (BoC) lowered its key interest rate by a full percentage point in 2025 and inflation has remained within the BoC's target range. Residential construction remained above average in 2025 despite declining from the high levels of activity seen in recent years, and home sales were subdued in 2025. Meanwhile, investment saw steady growth despite headwinds from economic uncertainty. B.C.'s exports have been resilient amid U.S. tariffs and were unchanged compared to the prior year.

The Ministry of Finance (Ministry) estimates that B.C.'s economy expanded by 1.5 per cent in 2025. Looking ahead, the Ministry forecasts the economy to grow by 1.3 per cent in 2026 before growth increases to 1.8 per cent in 2027. Modest growth is expected over the next two years due to trade uncertainty, as well as impacts from the federal government's reduced immigration targets. As the economy adjusts to these factors, economic growth is expected to improve over the medium-term as immigration levels normalize and uncertainty over trade subsides. Over the medium-term (2028 to 2030), real GDP growth is expected to average 2.1 per cent annually.

**Chart 3.1 Ministry's Outlook for B.C. Compared to Private Sector**

**B.C. real GDP (annual per cent change)**

Overall, the Ministry's forecast for B.C. real GDP growth in the near-term is prudent compared to the average outlook provided by the Economic Forecast Council (EFC), while the medium-term outlook is within the range provided by the EFC.

<sup>1</sup> Reflects information available as of January 29, 2026, unless otherwise indicated.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 89 <br>

British Columbia Economic Review and Outlook

The main downside risks to B.C.'s economic outlook include a worsening global trade conflict, immigration and population volatility, housing market weakness, and a global climate of uncertainty that slows investment. Other risks include commodity price instability, renewed inflationary pressures, and climate change impacts.

**British Columbia Economic Activity and Outlook**

The Ministry's estimate for B.C. real GDP growth in 2025 is slightly higher at 1.5 per cent from the projection of 1.4 per cent in the 2025 *Second Quarterly Report*. The forecast for 2026 is unchanged from the 2025 *Second Quarterly Report* at 1.3 per cent. The updated outlook reflects support from government spending and an improved trade balance, which offset lower consumer spending, housing market weakness, and a moderation in the provincial capital plan. Nominal GDP growth in 2025 has been revised up to 4.1 per cent from 3.8 per cent, and up to 4.4 per cent from 4.1 per cent in 2026. The upward revisions to nominal GDP reflect an improvement in the province's trade balance, in part from higher export prices for commodities including copper and precious metals.

**Table 3.1 British Columbia Economic Indicators**

---

| | | | |
|:---|:---|:---|:---|
|  | Third Quarter | Fourth Quarter | Annual<sup>1</sup> |
| All data seasonally adjusted, per cent change | Jul. to Sep. 2025<br> change from<br> Apr. to Jun. 2025 | Oct. to Dec. 2025<br> change from<br> Jul. to Sep. 2025 | Jan. to Dec. 2025<br> change from<br> Jan. to Dec. 2024 |
| Employment | -0.4 | +0.0 | +1.1 |
| Manufacturing shipments<sup>2</sup> | +2.7 | -0.1 | +0.3 |
| Exports<sup>2</sup> | -2.4 | +4.9 | +0.0 |
| Retail sales<sup>2</sup> | -1.0 | -0.2 | +6.2 |
| Consumer price index<sup>1,3</sup> | +1.8 | +1.9 | +2.1 |
| Housing starts | -1.6 | -15.9 | -3.6 |
| Residential sales units | +7.9 | +1.5 | -5.7 |
| Residential average sale price | +2.3 | +0.6 | -2.9 |
| Non-residential building permits<sup>2</sup> | +44.7 | +21.2 | +14.3 |

---

<sup>1</sup> Non-seasonally adjusted data

<sup>2</sup> Data to November

<sup>3</sup> Quarterly calculations for CPI are year-over-year, e.g. Third Quarter is Jul. to Sep. 2025 change from Jul. to Sep. 2024

Slow to moderate gains are expected across the economy in 2026. Consumer spending is projected to see subdued growth as a lower provincial population impacts employment growth and spending plans. Exports and imports are expected to be relatively weak as trade uncertainty persists. Investment is also expected to see slower growth with residential construction relatively unchanged from 2025, while higher investment activity in energy projects offsets lower investment activity in other areas due to economic uncertainty.

The economy is expected to grow slightly faster in 2027 as trade uncertainty eases and immigration returns to making a positive contribution to population growth, albeit at a lower rate. Higher residential investment and exports of LNG support the outlook, which is partly offset by lower government spending and the completion of current LNG-related investment projects. Medium-term economic activity is supported by the return of population growth to more typical levels supporting the labour market and consumer spending, ongoing increases of LNG exports, residential investment, and easing uncertainty around global trade.

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***U.S. Tariff Assumptions***

The *Budget 2026* economic outlook includes all tariffs and supports announced and enacted as of January 12, 2026. Compared with the 2025 *Second Quarterly Report*, the scope of tariffs is relatively unchanged. The Ministry assumes that the Canadian federal government will support businesses using revenue generated from retaliatory tariffs.

*Budget 2026* includes the following U.S. tariffs on Canadian exports:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 35 per cent on all Canadian exports to the U.S. that are not compliant with the *Canada-United States-Mexico Agreement* (CUSMA),
with a lower rate (10 per cent) for energy products and potash;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 50 per cent on steel and aluminum products and content in derivatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 50 per cent on copper products and content in derivatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on automobiles, with tariffs applied to only the foreign-produced content of CUSMA-compliant automobiles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on automobile parts that are not compliant with CUSMA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on upholstered furniture, kitchen cabinets and vanities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 10 per cent on softwood timber and lumber (on top of existing anti-dumping and countervailing duties); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on medium- and heavy-duty vehicles and their parts and 10 per cent on buses.

*Budget 2026* includes the following retaliatory tariffs on U.S. exports to Canada:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on steel and aluminum products; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 25 per cent on U.S. vehicles that are not compliant with CUSMA, and 25 per cent on the U.S. content of CUSMA-compliant vehicles.

The share of Canadian exports to the U.S. that were compliant with CUSMA was roughly 38 per cent in 2024, but rose following the imposition of tariffs. In October 2025, U.S. Census Bureau data indicated that almost 90 per cent of the value of Canadian merchandise trade exported to the U.S. was duty free.

B.C. is less exposed to U.S. trade than other provinces, with nearly half of all goods exports going to non-U.S. destinations. Despite being less exposed to the U.S. than other provinces, B.C.'s outlook for international trade remains uncertain as Canada renegotiates CUSMA and works to diversify trade to new foreign and domestic markets. As the situation evolves, the Ministry will continue to incorporate new developments into the economic outlook.

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***Labour Market***

B.C.'s labour market saw moderate growth in 2025, as population growth slowed and employers adjusted to tariff-related economic uncertainty. Accordingly, the majority of net new jobs came during the first half of the year, while the second half of the year mostly trended down. Overall, employment increased by 1.1 per cent (+32,200 jobs) in 2025 with weaker growth in full-time employment (+0.6 per cent, +12,900 jobs) and faster growth for part-time employment (+3.3 per cent, +19,200 jobs). Job creation was led by the private sector (+18,900 jobs), with smaller gains in the public sector (+12,900 jobs) and self-employed workers (+400 jobs). Employment grew for men (+1.3 per cent, +20,000 jobs) and women (+0.9 per cent, +12,100 jobs), while the unemployment rate was 6.2 per cent for both.

On an industry basis, employment gains in 2025 were concentrated in the services sector (+22,800 jobs), led by professional, scientific, and technical services (+13,600 jobs); wholesale and retail trade (+7,100 jobs); and finance, insurance, real estate and leasing (+5,400 jobs). Employment in the goods sector increased by 9,400 jobs compared to 2024, primarily driven by an increase in construction (+15,400 jobs) and manufacturing (+7,500 jobs) offsetting a decline in forestry, fishing, mining, oil and gas (-9,200 jobs).

**Chart 3.2 B.C. Employment**

![](tm265823d1_ex99-5s7img12.jpg)

The provincial unemployment rate increased in 2025, as labour force growth outpaced job gains. B.C.'s unemployment rate was 6.3 per cent in December 2025, and averaged 6.2 per cent overall in 2025, which is 0.6 percentage points higher than 2024, but 0.6 percentage points below the national average. Meanwhile, the job vacancy rate declined in the first eleven months of 2025 compared to the same period in 2024, indicating less hiring activity.

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B.C.'s labour force expanded by 1.8 per cent in 2025, supported by the lagged impact of strong population growth in prior years; however, this was a slower pace of growth compared to the previous two years. B.C.'s labour force participation rate averaged 65.0 per cent in 2025, down 0.2 percentage points compared to 2024. The labour force participation rate for the prime-age workers (25 to 54 years age group) increased in 2025, reversing a decline in the previous year, while the average participation rate among youth (15 to 24 years age group) fell by 2.3 percentage points over the year.

Employee compensation (i.e. aggregate wages, salaries, and employers' social contribution) grew at a slower pace than recent years in B.C., rising by 2.4 per cent year-to-date to September 2025 compared to the same period of 2024, reflecting a combination of job gains and rising wages. The average hourly wage rate increased by 3.1 per cent in 2025 compared to 2024. On average, wages grew faster than the consumer price index for B.C., which increased by 2.1 per cent in 2025.

*Outlook*

The near-term outlook for B.C.'s labour market has softened due to decreased immigration levels, as well as international trade disruptions. The Ministry forecasts that employment in B.C. will increase by 0.4 per cent in 2026 (approximately +12,900 jobs), followed by annual growth of 0.8 per cent in 2027 (approximately +22,500 jobs), and growth of 1.0 per cent annually on average over the medium-term.

The province's unemployment rate is expected to average 5.9 per cent in 2026 and 5.8 per cent in 2027, as employment growth outpaces slower labour force growth from reduced immigration levels. The unemployment rate is expected to average around 5.5 per cent over the 2028 to 2030 period.

Employee compensation is expected to increase to $227.7 billion in 2026 from $220.5 billion in 2025 (+3.3 per cent), a relatively slow pace, reflecting slower employment growth and stable wage growth. Employee compensation is forecast to grow by 3.3 per cent in 2027 as well, and average 3.9 per cent growth on average each year from 2028 to 2030 as employment growth improves.

***Demographics***

On October 1, 2025, B.C.'s population was 5.68 million people, down 0.2 per cent from the same date in 2024, driven by reductions in international migration reflecting lower federal immigration targets. During the January to September period of 2025, the province experienced a net outflow of 18,030 migrants, down from a net inflow of 95,573 people over the same period of 2024, with outflows increasing in each quarter of 2025.

Net international migration has gone from net inflows (+97,050 persons) in January to September of 2024 to net outflows (-19,978 persons) in the same period of 2025. The decline in net international migration was a result of a significant decline in the number of net non-permanent (temporary) residents from +58,112 persons to -48,943 persons. The change from net inflow to outflow was largely driven by a decline in temporary work permit holders (from +42,493 persons to -11,488 persons), and an accelerated outflow of study permit holders (from -677 persons to -32,202 persons). Overall, the net outflows of international migrants across Canada mostly reflects lower admission targets for non-permanent residents, while targets for permanent residents have also been reduced.

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A rise in net interprovincial migration (from -1,477 persons to +1,948 persons) partly offset the overall outflow of migrants from B.C. in the first nine months of 2025. Interprovincial migration to B.C. has returned to net inflows in the two most recent quarters.

*Outlook*

Following a 0.5 per cent increase in 2025, B.C.'s July 1 population is projected to decrease by 0.9 per cent in 2026, reflecting net outflows of temporary residents following several years of elevated inflows. Population growth is expected to remain low in 2027, rising by just 0.4 per cent as outflows of temporary residents continue. Growth is expected to normalize from 2028 to 2030, rising by 1.1 per cent on average each year over this period.

B.C. is expected to experience a total net migration loss of about 38,100 persons in 2025 followed by a decline of 14,100 persons in 2026. This is due to the expected net outflow of temporary residents in 2025 and 2026 reflecting lower federal immigration targets. The province is expecting modest net inflows of interprovincial migrants in 2025, before rising somewhat higher in 2026 and stabilizing to a more typical level over the medium-term. From 2027 to 2030, total net migration is expected to stabilize and average around +64,400 persons.

***Consumer Spending and Inflation***

Consumer spending rose significantly in the first half of last year, reflecting the lagged impact of high population growth in recent years, as well as the front loading of spending activity ahead of U.S. tariffs, lower interest rates, and lower inflation, but have trended down in the following months. Year-to-date to November 2025, B.C.'s nominal retail sales increased by 6.2 per cent, while inflation averaged 2.1 per cent in 2025, indicating growth in sales volumes as well. Year-to-date sales were led by higher spending at motor vehicles and parts dealers (+13.4 per cent), partly due to front-loaded spending ahead of tariffs on automobiles, and sporting goods, hobby, musical instrument, book and miscellaneous retailers (+19.4 per cent). These gains were partly offset by declines in spending at gasoline stations and fuel vendors (-3.3 per cent), reflecting lower gasoline prices.

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**Chart 3.3 B.C. Retail Sales**

Sales at food services and drinking places in B.C., a component of the service sector, rose by 5.4 per cent year-to-date to November 2025 compared to the same period of 2024, partly due to higher prices.

Last year, consumer sentiment in B.C. and across Canada was weighed down by uncertain economic conditions amid U.S. tariffs. The consumer confidence index for B.C. averaged 62.9 points in 2025, 13.4 points lower than 2024 and well below historical averages, and remained weak in January 2026. At the national level, the Bank of Canada's *Canadian Survey of Consumer Expectations* released in January 2026 reported consumers' main concerns were over high prices and economic uncertainty related to international trade.

B.C.'s annual CPI inflation rate was 2.1 per cent in 2025, the lowest annual growth rate since 2020. Price growth in 2025 was led by shelter (+2.8 per cent). While shelter inflation was the largest contributor to headline inflation in 2025, it slowed substantially for both rented and owned accommodation compared to the prior three years, when shelter inflation ranged between 5.7 per cent and 7.6 per cent. Food (+3.2 per cent) was also a significant contributor to headline inflation, driven by groceries. Lower prices for gasoline (-7.6 per cent), partly due to the removal of the B.C. consumer carbon tax, moderated headline inflation in 2025.

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**Chart 3.4 B.C. Inflation**

*Outlook*

The Ministry estimates that real household consumer spending increased by 2.9 per cent in 2025, driven by higher spending on goods. Household consumption is expected to grow by 1.5 per cent in 2026 and 2.2 per cent in 2027, as spending on goods is more subdued amid lower population growth, while spending on services is expected to be steady. Annual growth is expected to average 2.6 per cent over the 2028 to 2030 period.

The Ministry estimates that nominal retail sales eased in the latter part of 2025, but overall grew by 5.8 per cent in 2025. Retail sales are forecast to moderate to 2.4 per cent growth in 2026, rise to 3.3 per cent in 2027, and average 3.8 per cent annual growth from 2028 to 2030.

Consumer price growth is expected to remain relatively constant, with factors contributing to upward price pressure (such as tariffs and food inflation) partly offset by downward pressure on prices from lower population growth and lower demand. Overall, consumer price inflation is forecast to be 2.1 per cent in 2026, and 2.0 per cent in 2027 and for the balance of the forecast horizon.

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***Housing***

B.C. housing starts totalled 44,193 units in 2025, showing resilience to economic uncertainty and related headwinds. This was a decline of 3.6 per cent compared to 2024, but remained above the ten-year historical average of 43,187 units. Multiple-unit housing starts decreased by 3.6 per cent while single-unit housing starts fell by 3.5 per cent. Among Census Metropolitan Areas (CMA) in B.C., housing starts were lower in 2025 in Kelowna (-31.4 per cent) and Vancouver (-3.3 per cent), but were higher in Abbotsford (+79.6 per cent) and Victoria (+16.1 per cent). Home completions saw record high levels in Vancouver and Kelowna in 2025, growing by 20.5 per cent and 86.3 per cent, respectively. Home completions in Abbotsford (+25.6 per cent) also saw significant growth, while Victoria decreased (-10.9 per cent).

**Chart 3.5 B.C. Housing Starts**

![](tm265823d1_ex99-5s7img11.jpg)

B.C.'s home sale market was subdued in 2025 due to economic uncertainty, declining in the first half of the year with moderate upward movement in the second half of the year. Overall in 2025, home sales were down 5.7 per cent compared to 2024, and averaged 5,852 units per month, well below the ten-year average of 7,642 units. The decline was concentrated in Greater Vancouver (-10.2 per cent) and the Fraser Valley (-16.5 per cent), while higher sales activity in Okanagan-Mainline (+8.1 per cent) and the Kootenay region (+7.2 per cent) provided some offset.

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**Chart 3.6 B.C. Home Sales and Price**

![](tm265823d1_ex99-5sp8img001.jpg)

With muted demand throughout the year, the MLS average home sale price decreased by 2.9 per cent on average in 2025. Similar to home sales, the MLS average home sale price fell in the first half of the year before recovering some of the decline in the second half of the year. Meanwhile, growth in MLS composite benchmark house prices (which account for differences in dwelling types and quality in each region) varied by region, where declines were seen in the Fraser Valley (-4.2 per cent) and Greater Vancouver (-2.1 per cent), while prices increased in the Vancouver Island (+2.7 per cent) and Victoria (+2.0 per cent) regions.

**Chart 3.7 Greater Vancouver HPI Benchmark Price**

![](tm265823d1_ex99-5sp8img002.jpg)

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After two years of declines, residential building permits, a leading indicator of home construction, saw strong growth last year. Year-to-date to November 2025, the value of residential building permits increased 13.5 per cent compared to the same period of 2024, and the number of residential units permitted increased 11.4 per cent. The increase was driven by higher multiple-unit dwelling permits, which were partly offset by lower single-unit dwelling permits. Among CMAs, building permits were driven by increases in Vancouver, Abbotsford-Mission, Chilliwack, and Victoria, while permit values declined in Nanaimo and Kelowna.

*Outlook*

The Ministry forecasts home sales to increase by 9.7 per cent in 2026 and by 5.2 per cent in 2027, which is improved activity compared to the low levels seen since 2023, but still below historical averages. Home sales are expected to average 2.3 per cent annual growth in the 2028 to 2030 period, as housing market activity returns to more typical levels. The average home sale price is expected to rise by 3.2 per cent in 2026, followed by 2.3 per cent in 2027, and then grow by 2.7 per cent over the medium-term. Putting unit sales and prices together, the total value of home sales is forecast to increase by 13.1 per cent in 2026, 7.6 per cent in 2027, and then average 5.1 per cent annual growth from 2028 to 2030.

The Ministry expects B.C. housing starts to total approximately 44,210 units in 2026 and 45,920 units in 2027, below the record high levels seen from 2021 to 2023, but above the ten-year average. Home construction is expected to average around 48,900 units per year over the 2028 to 2030 period. Government actions to encourage homebuilding and private and public sector investment support the outlook, particularly in the medium-term, while the near-term outlook is impacted by economic uncertainty and lower population growth.

***Business and Government***

The total value of non-residential permitting increased over the first eleven months of 2025, rising by 14.3 per cent compared to the same period of 2024. The increase was driven by higher permit issuance for institutional and governmental buildings (+62.3 per cent), partly due to higher permitting values for government buildings, and school and education buildings. Commercial building permit values also increased (+9.8 per cent), driven by higher permit values for hotels and restaurants, laboratories, and trade and services. Meanwhile, a substantial decline was observed in industrial building permits (-57.8 per cent) following high levels in 2024, as permit values for factories and plants, and transportation and utilities declined.

Small business confidence fell sharply in the first half of 2025 as the U.S. announced and implemented tariffs. However, in recent months, the proportion of B.C. small business owners expecting their business' performance to be stronger over the next year increased substantially. A majority of small businesses in B.C. reported in January 2026 that insufficient demand (domestic or foreign) was a limitation on sales or production growth.

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Activity in B.C.'s international tourism sector remains relatively unchanged, with travellers entering B.C. rising by 0.4 per cent year-to-date to November 2025 compared to the same period of 2024 and averaging 695,194 international travellers per month. The number of U.S. visitors declined by 0.6 per cent over this period, trending lower following a high level of visitors at the beginning of the year. The number of non-U.S. visitors reached their highest level since 2019 in October 2025, but have not yet surpassed pre-pandemic levels. Overall, the number of non-U.S. visitors to B.C. rose 4.0 per cent year-to-date to November 2025 compared to the same period of 2024.

*Outlook*

B.C.'s investment outlook is complex, supported by government policy at multiple levels and low interest rates, but weighed down by global economic uncertainty. Residential investment is expected to improve over the forecast horizon. Non-residential investment has an uneven growth path due to the timing of investment in current major energy projects, an uncertain economic environment, and moderation in the provincial capital plan. Overall, the Ministry estimates that total real investment grew by 2.7 per cent in 2025, and expects growth of 1.5 per cent in 2026. The Ministry forecasts total real investment to increase by 0.1 per cent in 2027, and then average 0.7 per cent growth annually over the 2028 to 2030 period.

In 2025, real business investment is estimated to have decreased by 0.5 per cent, reflecting the timing of investment in major energy projects in the province as well as lower residential investment. Real business investment is expected to see moderate growth of 1.3 per cent in 2026. Growth is expected to slow to 0.7 per cent in 2027 and decline by 0.5 per cent in 2028 as higher residential investment is offset by lower non-residential investment as current major LNG projects near completion. Real business investment is expected to grow by 2.5 per cent on average annually in 2029 and 2030.

Real expenditure on goods and services by all levels of government is estimated to have increased by 2.6 per cent in 2025 and is forecast to increase by 1.5 per cent in 2026. The Ministry expects real government spending to decline by 0.5 per cent in 2027 and grow slowly by 0.2 per cent in 2028, as the federal government increases fiscal discipline and the B.C. government continues expenditure management. Real government spending growth is expected to average 1.4 per cent annually in 2029 and 2030.

Following estimated growth of 8.1 per cent in 2025, the Ministry expects nominal net operating surplus of corporations (an approximation of corporate profits) to increase by 9.6 per cent in 2026 and 4.6 per cent in 2027 largely reflecting improved nominal GDP growth. Net operating surplus is expected to continue to grow over the 2028 to 2030 period, increasing between 3.4 per cent and 5.3 per cent annually.

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***External Trade and Commodity Markets***

B.C. merchandise exports in 2025 were resilient to challenges from the imposition of U.S. tariffs, volatile commodity prices, and uncertain future trade policies. Year-to-date to November 2025, the value of B.C. goods exports was unchanged compared to the same period of 2024, trending down following tariff-related stockpiling earlier in the year. Year-to-date performance across industries has been mixed. Declines in exports were largest for coal (-21.2 per cent), pulp (-9.7 per cent), and softwood lumber (-6.3 per cent). Meanwhile, exports were higher for other energy products (which includes petroleum and petroleum products, +23.5 per cent), copper ores and concentrates (+18.4 per cent), and natural gas (+26.9 per cent).

In the first eleven months of 2025, the value of merchandise exports from B.C. have declined the most to Japan (-20.0 per cent), the U.S. (-2.7 per cent), South Korea (-15.5 per cent), and India (-42.2 per cent), and have risen the most to China (+24.9 per cent) and Mexico (+260.0 per cent). Underlying the overall declines was lower exports of energy products, largely due to lower coal prices, to Japan (-38.6 per cent), South Korea (-29.8 per cent), and India (-44.1 per cent). Lower exports to the U.S. was largely driven by lower exports of softwood lumber (-10.3 per cent), lower value of exports of electricity (-28.2 per cent), and fabricated metal products (-18.8 per cent). Gains in exports to China were driven by copper ores and concentrates (+66.4 per cent) and other energy products (+362.4 per cent).

**Chart 3.8 B.C. Exports**

![](tm265823d1_ex99-5sp8img003.jpg)

B.C.'s manufacturing shipments increased slightly (+0.3 per cent) year-to-date to November 2025 compared to the same period of 2024, mainly due to increased shipments of food manufacturing (+7.5 per cent) and primary metal products (+11.2 per cent), offsetting declines in wood products (-5.8 per cent) and transportation equipment products (-11.1 per cent).

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The price of Western spruce-pine-fir (SPF) 2x4 lumber was volatile in 2025 as the U.S. imposed new tariffs and increased anti-dumping and countervailing duties on Canada's lumber exports, as well as price impacts from the front-loading of inventories ahead of broad U.S. tariff announcements early in 2025. SPF prices averaged $467 US/000 board feet in 2025, rising 13.2 per cent compared to 2024.

Oil prices have fallen in 2025, with an increase in global supply (particularly among members of the Organization of Petroleum Exporting Countries) and softening global demand outweighing risks from geopolitical conflicts and trade uncertainty. In 2025, the West Texas Intermediate (WTI) oil price averaged $65.46 US per barrel, down 14.5 per cent compared to 2024. Meanwhile, the plant inlet price of natural gas increased 22.7 per cent in 2025 compared to 2024, averaging $0.90 C/GJ, but remained below historical levels. Natural gas production continued to rise in B.C. in 2025, supported by LNG Canada's first exports in June 2025.

The average metallurgical coal price fell by 21.8 per cent in 2025, reflecting high global supply and weak steel production in Asia. Prices for lead also declined last year by 5.4 per cent. Meanwhile, the price of safe-haven commodities gold and silver increased significantly by 44.1 per cent and 41.5 per cent, respectively, along with increases in the price of copper (+8.8 per cent), molybdenum (+3.9 per cent), and zinc (+3.2 per cent).

*Outlook*

Real exports of goods and services are estimated to have declined 1.0 per cent in 2025, reflecting the impact of U.S. trade policy and global trade uncertainty. In 2026, real exports of goods and services are projected to increase by a modest 1.6 per cent, reflecting weak global demand and continued trade uncertainty. The Ministry expects real exports of goods and services to grow by 4.2 per cent in 2027, and range between 2.7 per cent and 3.8 per cent annually in the 2028 to 2030 period. LNG Canada reaching full export-capacity in 2026 provides some offset to the negative impact of U.S. tariffs in the short-term, while Woodfibre LNG and Cedar LNG support the outlook in the latter years.

The price of lumber is forecast to average $470 US/000 board feet in 2026 and $490 US/000 board feet in 2027, partly reflecting the higher countervailing duty and anti-dumping rates imposed on softwood lumber exports to the U.S. The price of lumber is expected to average $495 US/000 board feet between 2028 and 2030. The plant inlet price for natural gas is expected to average $2.18 C/GJ in 2026/27, $2.39 C/GJ in 2027/28, and $2.48 C/GJ in 2028/29.

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**Risks to the Economic Outlook**

U.S. trade policy and changes to Canadian immigration policies have created an uncertain environment for B.C.'s economy. There are upside risks including the potential for more supportive interest rates, increased activity from lower interprovincial trade barriers, and expedited investments in major private sector capital projects. Downside risks to B.C.'s economic outlook include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· continued uncertainty about the magnitude and scope of U.S. tariffs on Canadian exports, impacting trade flows, employment, business
investment, inflation, and consumer spending;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· uncertainty surrounding the renewal of CUSMA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· volatile immigration levels that could limit the supply of labour and weigh on economic activity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a pullback in residential investment and weak home sales due to economic uncertainty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· severe climate-related events disrupting the lives and livelihoods of British Columbians, destroying productive capital, and impacting
economic activity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· weaker global economic activity and volatile prices for B.C.'s major commodity exports due to geopolitical conflicts and economic
challenges in Europe and Asia; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· timing of investment, operations and exports related to major private sector capital projects in the province.

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**External Outlook**

The economies of B.C.'s major trading partners performed relatively well in 2025 compared to low expectations following the threat and introduction of U.S. tariffs. Through the third quarter (July to September) of 2025, the Canadian economy has exceeded expectations overall, while investment conditions remain weak and are likely to stay subdued in the near-term due to ongoing U.S. trade uncertainty. U.S. economic activity declined in the first quarter (January to March) but strengthened throughout the year, supported by household consumption and investment in data centres. Japan's economy is estimated to have performed better in 2025 following a contraction in 2024. Meanwhile, China's economy grew at a similar pace in 2025 as in 2024, reflecting a redirection of exports toward non-U.S. markets that partly offset slow consumer spending and property sector weakness. The euro zone remained steady, posting three consecutive quarterly expansions in 2025. Despite exceeding expectations in 2025, growth among B.C.'s major trading partners is expected to slow in 2026 amid trade uncertainty and pessimistic domestic sentiment, particularly in Europe and Canada. Central banks in Canada, the euro zone, and the United States lowered interest rates in 2025 as inflation stabilized. Market expectations for 2026 are diverging with the Bank of Canada expected to hold rates through most of the year and the U.S. Federal Reserve expected to continue rate decreases.

***Canada***

The Canadian economy grew at an annualized rate of 2.6 per cent in the third quarter of 2025, more than reversing a 1.8 per cent decline in the second quarter (April to June). Growth in the third quarter was driven by an improved trade balance, reflecting a decline in imports (-8.6 per cent) and a modest increase in exports (+0.7 per cent), as well as higher government capital investment (+12.2 per cent). Some of these gains were offset by declines in inventories, government spending (-1.7 per cent), and consumer spending (-0.4 per cent). Canadian business investment has been moderate through 2025 as higher residential investment has been partially offset by declining investment in machinery and equipment. On a year-to-date basis through the third quarter of 2025, Canadian GDP grew by 2.0 per cent compared with the same period in 2024.

**Chart 3.9 Canadian Real GDP**

![](tm265823d1_ex99-5sp8img004.jpg)

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Employment in Canada increased by 1.4 per cent in 2025 (+298,200 jobs), marking the slowest pace of employment growth since 2020. Within age groups, employment increased among youth aged 15 to 24 and 25 to 54 year olds, while it decreased slightly among those aged 55 and older. Labour force growth outpaced employment growth and the unemployment rate rose to 6.8 per cent in 2025, up from 6.3 per cent in 2024 and reached its highest level since 2021. Meanwhile, the job vacancy rate continued to decline through the first eleven months of 2025, reaching its lowest level since 2017 which indicates less hiring activity.

National home sales activity remained subdued in 2025. Both unit home sales and average sale prices declined in the first quarter, before recovering somewhat later in the year. Overall, MLS home unit sales fell by 1.9 per cent in 2025, while the average home sale price declined by 1.1 per cent. Heightened economic uncertainty and shocks related to U.S. tariffs offset the supportive impact of lower interest rates, limiting the recovery in housing market demand.

Following declines in 2022 and 2023, Canadian housing starts continued to recover in 2025 increasing by 5.6 per cent. Within housing categories, multiple-unit starts rose by 8.3 per cent, while single-unit starts were down 4.1 per cent. Among CMAs, Montreal (+58.1 per cent), Calgary (+13.6 per cent), Edmonton (+16.1 per cent), and Ottawa (+37.6 per cent) made the largest contributions to national housing starts growth, while Toronto (-30.8 per cent) partially offset these gains.

Despite Canadian counter-tariffs on U.S. goods that put upward pressure on the cost of imported goods, consumer price inflation in Canada remained within the Bank of Canada's 1 to 3 per cent target range last year. In 2025, national inflation averaged 2.1 per cent. Shelter (+3.0 per cent) and food (+3.2 per cent) remained the main contributors to headline inflation. Meanwhile, year-to-date to November 2025, nominal retail sales increased by 4.4 per cent compared with the same period of 2024, while real retail sales rose by 2.6 per cent over the same period.

Canadian international trade was significantly affected by new and changing U.S. tariffs in 2025. In the first quarter of 2025, total goods exports increased as exporters front-loaded shipments ahead of the tariff increases, but exports declined thereafter. Year-to-date through November 2025, the value of total merchandise exports edged down 0.1 per cent, with declines in six of the eleven months. On an industry basis, exports of energy products (-3.4 per cent) and basic and industrial chemicals, plastics, and rubber products (-10.5 per cent) contributed to the year-to-date decline partially offset by higher exports of metal and non-metallic mineral products (+12.4 per cent). Regarding trade in goods facing significant U.S. tariffs, exports in the first eleven months of the year fell for motor vehicles and parts (-3.7 per cent) and aluminum and aluminum alloys (-8.5 per cent) but rose for copper and copper alloys (+42.3 per cent). By trading partner, exports to the United States recorded a decline (-4.9 per cent), while exports to non-U.S. destinations increased (+15.9 per cent). Meanwhile, international exports of services performed better; year-to-date through November 2025, Canadian services exports increased by 2.9 per cent.

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*Outlook*

In January 2026, the *Consensus* survey projected that Canadian real GDP would increase by 1.3 per cent in 2026, and by 1.9 per cent in 2027.

**Table 3.2 Canadian Real GDP Forecast: Consensus versus B.C. Ministry of Finance**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2026 | 2026 | 2027 | 2027 |
|  | Per cent change in real GDP | Per cent change in real GDP | Per cent change in real GDP | Per cent change in real GDP |
| B.C. Ministry of Finance |  | 1.2 |  | 1.7 |
| Consensus Economics (January 2026\*) |  | 1.3 |  | 1.9 |

---

*\* Comparable month to B.C. Ministry of Finance forecast.*

CUSMA negotiations in 2026 are expected to keep economic uncertainty elevated. As a result, Canadian economic growth is expected to soften in 2026. The Ministry prudently assumes that the Canadian economy will grow by 1.2 per cent in 2026, reflecting downside risks to international trade, and by 1.7 per cent in 2027. Over the medium-term, real GDP growth is projected to average 1.8 per cent annually.

**Chart 3.10 Consensus Outlook for Canada in 2026**

![](tm265823d1_ex99-5sp8img005.jpg)

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***United States***

U.S. real GDP expanded by an annualized 4.4 per cent in the third quarter of 2025, the strongest growth since the third quarter of 2023, following annualized growth of 3.8 per cent in the second quarter of 2025. Growth in the third quarter of 2025 was led by consumer spending, while net exports increased, reflecting higher exports and lower imports. Business investment was mixed, with gains in intellectual property products and information processing equipment offset by lower inventories and residential investment. The imposition of tariffs on imports into the U.S. has yet to have a substantial macroeconomic impact on the country. Year-to-date through the third quarter of 2025, U.S. GDP grew by 2.1 per cent compared with the same period of 2024.

**Chart 3.11 U.S. Real GDP**

![](tm265823d1_ex99-5sp8img006.jpg)

U.S. employment increased by just 0.9 per cent (+1.4 million jobs) in 2025, representing the slowest annual employment growth since 2020. The unemployment rate was 4.4 per cent in December 2025 and averaged 4.3 per cent in 2025, the second consecutive annual increase after a low of 3.6 per cent in 2023.

U.S. housing starts in 2025 continued the downward trend that began in 2022. Year-to-date to October 2025, housing starts declined by 0.8 per cent compared with the same period of 2024. The decline was driven by a contraction in single-unit housing starts, which fell by 7.0 per cent, while multiple-unit housing starts increased by 16.9 per cent over the same period. Meanwhile, new and existing home sales were little changed in 2025, with median prices of existing homes seeing a modest increase and new home prices declining.

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**Chart 3.12 U.S. Housing Starts**

![](tm265823d1_ex99-5sp8img007.jpg)

Retail and food services sales in the U.S. saw faster growth in 2025 than in the preceding two years. Year-to-date to November, sales rose by 4.2 per cent compared with the same period last year. However, estimates of real retail and food services sales indicate more modest growth over 2025. Consumer price inflation was between 2 and 3 per cent throughout 2025, although it was closer to 3 per cent in the second half of 2025. CPI inflation averaged 2.7 per cent in 2025. Shelter and food were the main contributors to inflation, while energy prices rose modestly towards the end of the year.

*Outlook*

In January 2026, the *Consensus* survey projected that U.S. real GDP will grow 2.4 per cent in 2026 and 2.0 per cent in 2027.

**Table 3.3 U.S. Real GDP Forecast: Consensus versus B.C. Ministry of Finance**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2026 | 2026 | 2027 | 2027 |
|  | Per cent change in real GDP | Per cent change in real GDP | Per cent change in real GDP | Per cent change in real GDP |
| B.C. Ministry of Finance |  | 2.1 |  | 1.9 |
| Consensus Economics (January 2026\*) |  | 2.4 |  | 2.0 |

---

*\* Comparable month to B.C. Ministry of Finance forecast.*

U.S. employment has weakened and trade policy uncertainty is expected to remain elevated and poses a risk to the outlook going forward. The Ministry prudently projects that U.S. real GDP will grow by 2.1 per cent in 2026 and 1.9 per cent in 2027. In the medium-term, the Ministry assumes that growth will average 1.8 per cent annually.

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**Chart 3.13 Consensus Outlook for the U.S. in 2026**

![](tm265823d1_ex99-5sp8img008.jpg)

***Asia***

China's real GDP grew by 5.0 per cent in 2025, matching the growth rate recorded in 2024. While economic activity started strong in the first half of 2025, momentum eased in the second half of the year. Overall growth reflected strong export performance amid U.S. tariffs, as shipments were redirected away from the U.S. toward Europe and Southeast Asia, and industrial production posted its strongest growth since 2021. Meanwhile, domestic demand was weak. Retail sales remained subdued in 2025, infrastructure spending declined, and the real estate downturn continued.

Japan's economy shrank by 2.3 per cent annualized in the third quarter of 2025, following 2.1 per cent growth in the second quarter. The third quarter contraction was driven mainly by weak residential and business investment, with exports also contributing to the decline. Consumer spending grew modestly in the third quarter and was insufficient to fully offset declines elsewhere. Despite the third quarter contraction, Japan's GDP was 1.4 per cent higher year-to-date to the third quarter compared to the same period of 2024. Meanwhile, the Bank of Japan continued interest rate hikes in 2025 as inflation remained above its target of 2 per cent, raising the policy rate to 0.75 per cent after over a decade of near-zero borrowing costs. The Bank of Japan stated that they expect to continue raising rates if their economic and inflation forecasts materialize.

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*Outlook*

In January 2026, the *Consensus* survey projected that China's real GDP will grow by 4.6 per cent in 2026 and 4.4 per cent in 2027. The Ministry prudently forecasts that China's economy will expand by 4.2 per cent in 2026, and 4.1 per cent in 2027, reflecting ongoing risks from geopolitical and trade tensions. In the medium-term, the Ministry forecasts growth to average 4.0 per cent annually.

The January 2026 *Consensus* survey projects Japan's real GDP to grow by 0.8 per cent in 2026 and 1.0 per cent in 2027. While consumer spending was stronger last year, uncertainty remains around exports and higher interest rates are expected to weigh on economic activity. The Ministry prudently projects Japan's economy to grow by 0.5 per cent in 2026 and 0.6 per cent in 2027. Growth of 0.5 per cent is expected in each year from 2028 to 2030.

***Europe***

Despite uncertainty surrounding U.S. tariffs on European trade, euro zone GDP performed well in 2025, exceeding expectations. GDP growth was 1.1 per cent (annualized) in the third quarter of 2025 and 1.5 per cent year-to-date through the third quarter. Among the large euro zone economies, Spain recorded the strongest year-to-date growth through the third quarter of 2025 compared with the same period of 2024, while France, Italy, and Germany posted more moderate growth. Although the unemployment rate in the euro zone fluctuated in the first half of the year, it remained at or below 6.4 per cent for 2025, one of the lowest levels since the introduction of the euro in 1999.

The European Central Bank (ECB) cut its key interest rate by a cumulative 100 basis points in the first half of 2025 and held rates unchanged for the remainder of the year, citing expectations that inflation would stabilize at its 2 per cent target over the 2026 to 2028 period. Inflation stood at 1.9 per cent in December 2025.

*Outlook*

The January 2026 *Consensus* expects euro zone real GDP to grow by 1.1 per cent in 2026 and 1.4 per cent in 2027. Manufacturing continues to face trade headwinds which could impact growth prospects going forward. The Ministry prudently projects that the euro zone economy will grow by 0.9 per cent in 2026 and 1.2 per cent in 2027. Growth of 1.2 per cent is expected in each year from 2028 to 2030.

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**Financial Markets**

***Interest Rates***

The Bank of Canada (BoC) and the U.S. Federal Reserve (Fed) resumed cutting interest rates in the fall of 2025 after holding them through the spring and summer. Both central banks cited moderating economic activity as key reasons for reducing rates. Since 2024, the BoC has lowered its policy rate by more than the Fed. In 2026, modest rate cuts are forecast for the Fed while the BoC is expected to keep rates flat for most of the year.

In 2025, the BoC cut the policy interest rate by a total of 100 basis points, bringing it to 2.25 per cent by the end of the year. After two rate cuts in the first three months of the year, the BoC held rates from April to August, citing heightened uncertainty around U.S. tariffs. The BoC noted it was difficult to assess which effect would dominate, the risk of higher input price inflation from tariffs or the dampening effect of slower economic activity on demand. In September, the BoC resumed rate cuts in response to weaker economic conditions and lower inflation risks. The BoC ended the year by holding rates and maintained them into 2026, reflecting moderate economic activity and stable inflation projections.

**Chart 3.14 Interest Rate Forecasts**

![](tm265823d1_ex99-5sp8img009.jpg)

From January to August 2025, the Fed paused interest rate cuts, reflecting elevated inflation, strong economic activity, and low, stable unemployment. The Fed resumed rate cuts from September to December, delivering a cumulative 75 basis point reduction, citing concerns over moderating economic activity and a rise in unemployment despite inflation remaining somewhat elevated. The Fed began 2026 with a pause in rate cuts, noting that the unemployment rate was showing signs of stabilizing.

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*Outlook*

Since the Canadian economy performed better than expected in 2025, private sector forecasters are not expecting further rate cuts. In contrast, the Fed is expected to resume reducing interest rates further in 2026. Based on the average of six private sector forecasts as of January 5, 2026, the Ministry projects that Canada's overnight target rate will average 2.28 per cent in 2026 and 2.60 per cent in 2027. By comparison, the U.S. federal funds rate is expected to average 3.39 per cent in 2026 and 3.17 per cent in 2027.

According to the same six private sector forecasters, the Canadian three-month Treasury bill interest rate is expected to average 2.27 per cent in 2026 and 2.61 per cent in 2027. Meanwhile, the 10-year Government of Canada bond rate is assumed to be 3.34 per cent in 2026 and 3.49 per cent in 2027.

**Table 3.4 Private Sector Canadian Interest Rate Forecasts**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 3-month Treasury Bill | 3-month Treasury Bill | 10-year Government Bond | 10-year Government Bond |
| Average annual interest rate (per cent) | 2026 | 2027 | 2026 | 2027 |
| BMO | 2.20 | 2.31 | 3.33 | 3.41 |
| CIBC | 2.22 | 2.56 | 3.28 | 3.57 |
| National Bank | 2.30 | 2.73 | 3.36 | 3.44 |
| RBC | 2.21 | 2.77 | 3.55 | 3.73 |
| Scotiabank | 2.43 | 3.02 | 3.31 | 3.63 |
| TD | 2.24 | 2.25 | 3.22 | 3.15 |
| **Average (as of January 5, 2026)** | **2.27** | **2.61** | **3.34** | **3.49** |

---

***Exchange Rate***

In 2025, the Canadian exchange rate depreciated by 2.0 per cent, falling from 73.0 US cents in 2024 to 71.5 US cents. This decline reflects a wider interest rate gap between Canada and the U.S. in 2025, as well as differences in economic performance. The Canadian dollar appreciated in the first half of 2025, reflecting a general decline in value of the U.S. dollar against world currencies. The Canadian dollar then depreciated through November 2025, impacted by lower oil prices and additional rate cuts by the BoC.

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**Chart 3.15 Private Sector Expectations for the Canadian Dollar**

![](tm265823d1_ex99-5sp8img010.jpg)

*Outlook*

Since the Fed is expected to cut interest rates further while the BoC is not expected to, private sector forecasters expect the Canadian dollar to appreciate against the US dollar. Based on the average of six private sector forecasts as of January 5, 2026, the Ministry assumes that the Canadian dollar will average 73.6 US cents in 2026 and 75.6 US cents in 2027.

**Table 3.5 Private Sector Exchange Rate Forecasts**

---

| | | |
|:---|:---|:---|
| Average annual exchange rate (US cents/Canadian $) | 2026 | 2027 |
| BMO | 73.9 | 76.0 |
| CIBC | 73.1 | 74.8 |
| National Bank | 74.0 | 75.3 |
| RBC | 73.2 | 75.8 |
| Scotiabank | 73.8 | 76.7 |
| TD | 73.4 | 74.9 |
| **Average (as of January 5, 2026)** | **73.6** | **75.6** |

---

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**Table 3.6.1 Gross Domestic Product (GDP): British Columbia**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | Forecast | Forecast | Forecast | Forecast | Forecast |
|  | 2024 |<br>2025 <sup>e</sup> | 2026 | 2027 | 2028 | 2029 | 2030 |
| **Gross Domestic Product at Market Prices:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;– **Real (chained 2017 $billions)** | **341.0** | **346.2** | **350.6** | **356.9** | **363.7** | **371.3** | **379.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(% change)** | **1.1** | **1.5** | **1.3** | **1.8** | **1.9** | **2.1** | **2.2** |
| &nbsp;&nbsp;&nbsp;– Nominal (current prices, $ billions) | 429.1 | 446.9 | 466.6 | 485.7 | 505.9 | 527.9 | 550.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 3.5 | 4.1 | 4.4 | 4.1 | 4.2 | 4.3 | 4.3 |
| &nbsp;&nbsp;&nbsp;– GDP price deflator (2017 = 100) | 125.8 | 129 | 133.1 | 136.1 | 139.1 | 142.1 | 145.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.4 | 2.6 | 3.1 | 2.3 | 2.2 | 2.2 | 2.1 |
| Real GDP per person (chained 2017 $) | 60131 | 60764 | 62080 | 62927 | 63465 | 64081 | 64733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -1.7 | 1.1 | 2.2 | 1.4 | 0.9 | 1 | 1 |
| Real GDP per employed person |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -1.2 | 0.4 | 0.8 | 1 | 0.9 | 1.1 | 1.1 |
| **Components oI Real GDP at Market Prices (chained 2017 $billions)** | **Components oI Real GDP at Market Prices (chained 2017 $billions)** |  |  |  |  |  |  |
| Household expenditure on goods and services | 210.4 | 216.4 | 219.5 | 224.5 | 230.2 | 236.2 | 242.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 1.1 | 2.9 | 1.5 | 2.2 | 2.6 | 2.6 | 2.6 |
| &nbsp;&nbsp;&nbsp;– Goods | 80 | 83.4 | 83.6 | 84.8 | 86.6 | 88.4 | 90.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -0.2 | 4.3 | 0.2 | 1.5 | 2.1 | 2.1 | 2 |
| &nbsp;&nbsp;&nbsp;– Services | 130.6 | 133.2 | 136.2 | 139.9 | 143.8 | 148 | 152.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 1.9 | 2 | 2.2 | 2.7 | 2.8 | 2.9 | 3 |
| NPISH<sup>1</sup> expenditure on goods and services | 5.7 | 5.8 | 5.9 | 6 | 6.1 | 6.2 | 6.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.9 | 1.7 | 2 | 1.8 | 1.9 | 2 | 2 |
| Government expenditure on goods and services | 68.2 | 69.9 | 71 | 70.6 | 70.7 | 71.7 | 72.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 5.1 | 2.6 | 1.5 | -0.5 | 0.2 | 1.3 | 1.5 |
| Investment in fixed capital | 82.7 | 85 | 86.2 | 86.4 | 85.6 | 86.4 | 88.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -6.1 | 2.7 | 1.5 | 0.1 | -0.9 | 0.9 | 2.1 |
| **Final domestic demand** | **366.4** | **376.4** | **382.0** | **386.6** | **391.6** | **399.2** | **408.3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(% change)** | **0.0** | **2.7** | **1.5** | **1.2** | **1.3** | **1.9** | **2.3** |
| Exports of goods and services | 122.2 | 121.1 | 123 | 128.1 | 133 | 137.5 | 141.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 1.2 | -1 | 1.6 | 4.2 | 3.8 | 3.4 | 2.7 |
| Imports of goods and services | 149.5 | 152.6 | 155.7 | 159.1 | 162.5 | 167.2 | 171.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -1.1 | 2 | 2 | 2.2 | 2.1 | 2.9 | 2.8 |
| Inventory change | 2.5 | 1.8 | 1.8 | 1.6 | 1.7 | 1.8 | 1.7 |
| Statistical discrepancy | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| **Real GDP at market prices** | **341.0** | **346.2** | **350.6** | **356.9** | **363.7** | **371.3** | **379.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(% change)** | **1.1** | **1.5** | **1.3** | **1.8** | **1.9** | **2.1** | **2.2** |

---

<sup>1</sup> Non-profit institutions serving households.

<sup>e</sup> B.C. Ministry of Finance estimate.

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**Table 3.6.2 Selected Nominal Income and Other Indicators: British Columbia**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | Forecast | Forecast | Forecast | Forecast | Forecast |
|  | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
| Compensation of employees<sup>1</sup> ($ millions) | 214986 | 22051 <sup>e</sup> | 227693 | 235095 | 244197 | 253527 | 263489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 5.4 | 2.6 | 3.3 | 3.3 | 3.9 | 3.8 | 3.9 |
| Household income ($ millions) | 382132 | 394966 <sup>e</sup> | 408231 | 423844 | 441643 | 460252 | 479781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 7.3 | 3.4 | 3.4 | 3.8 | 4.2 | 4.2 | 4.2 |
| Net operating surplus ($ millions) | 36831 | 39801 <sup>e</sup> | 43612 | 45618 | 47161 | 49599 | 52242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -19.3 | 8.1 | 9.6 | 4.6 | 3.4 | 5.2 | 5.3 |
| Retail sales ($millions) | 108384 | 114661 <sup>e</sup> | 117408 | 121270 | 125827 | 130640 | 135504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 0.6 | 5.8 | 2.4 | 3.3 | 3.8 | 3.8 | 3.7 |
| Housing starts (units) | 45828 | 44193 | 44210 | 45920 | 47497 | 48995 | 50144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -9.2 | -3.6 | 0.0 | 3.9 | 3.4 | 3.2 | 2.3 |
| Residential sales ($ millions) | 73059 | 66954 | 75742 | 81531 | 86798 | 91068 | 94659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 3.1 | -8.4 | 13.1 | 7.6 | 6.5 | 4.9 | 3.9 |
| Residential sales (units) | 74441 | 70233 | 77011 | 81006 | 83977 | 85806 | 86791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.0 | -5.7 | 9.7 | 5.2 | 3.7 | 2.2 | 1.1 |
| Residential average sale price ($) | 981439 | 953314 | 983519 | 1006480 | 1033584 | 1061320 | 1090650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 1.1 | -2.9 | 3.2 | 2.3 | 2.7 | 2.7 | 2.8 |
| Consumer price index (2002 = 100) | 155.2 | 158.5 | 161.8 | 165.0 | 168.3 | 171.6 | 175.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.6 | 2.1 | 2.1 | 2.0 | 2.0 | 2.0 | 2.0 |

---

<sup>1</sup> Domestic basis; wages, salaries and employers' social contributions.<br> <sup>e</sup> B.C. Ministry of Finance estimate.

**Table 3.6.3 Labour Market Indicators: British Columbia**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | Forecast | Forecast | Forecast | Forecast | Forecast |
|  | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
| Population (thousands at July 1) | 5671 | 5698 | 5647 | 5671 | 5730 | 5795 | 5861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.8 | 0.5 | -0.9 | 0.4 | 1 | 1.1 | 1.1 |
| Net migration (thousands) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;– International<sup>1,4</sup> | 101.1 | -40.6 <sup>e</sup> | -22.9 | 47.6 | 55.4 | 55.9 | 56.4 |
| &nbsp;&nbsp;&nbsp;– Interprovincial<sup>4</sup> | -2.1 | 2.6 <sup>e</sup> | 8.8 | 9 | 10.1 | 11.2 | 11.8 |
| &nbsp;&nbsp;&nbsp;– Total | 99 | -38.1 <sup>e</sup> | -14.1 | 56.6 | 65.5 | 67.2 | 68.2 |
| Labour force population<sup>2</sup> (thousands) | 4732 | 4835 | 4809 | 4845 | 4906 | 4969 | 5034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 3.6 | 2.2 | -0.5 | 0.8 | 1.3 | 1.3 | 1.3 |
| Labour force (thousands) | 3086 | 3141 | 3146 | 3164 | 3192 | 3218 | 3250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.7 | 1.8 | 0.2 | 0.6 | 0.9 | 0.8 | 1 |
| Participation rate<sup>3</sup> (%) | 65.2 | 65 | 65.4 | 65.3 | 65.1 | 64.8 | 64.6 |
| Employment (thousands) | 2914 | 2946 | 2959 | 2982 | 3012 | 3041 | 3072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.3 | 1.1 | 0.4 | 0.8 | 1 | 1 | 1 |
| Unemployment rate (%) | 5.6 | 6.2 | 5.9 | 5.8 | 5.7 | 5.5 | 5.5 |

---

<sup>1</sup> International migration includes net non-permanent residents and returning emigrants less net temporary residents abroad.

<sup>2</sup> The civilian, non-institutionalized population 15 years of age and over.

<sup>3</sup> Percentage of the labour force population in the labour force.

<sup>4</sup> Components may not sum to total due to rounding. <br> <sup>e</sup> BC Stats estimate.

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**Table 3.6.4 Major Economic Assumptions**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | Forecast | Forecast | Forecast | Forecast | Forecast |
|  | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
| **Real GDP** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Canada (chained 2017 $ billions) | 2456 | 2498 <sup>e</sup> | 2528 | 2571 | 2617 | 2664 | 2712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2 | 1.7 | 1.2 | 1.7 | 1.8 | 1.8 | 1.8 |
| &nbsp;&nbsp;&nbsp;U.S. (chained 2017 US$ billions) | 23358 | 23872 <sup>e</sup> | 24374 | 24837 | 25309 | 25764 | 26228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.8 | 2.2 | 2.1 | 1.9 | 1.9 | 1.8 | 1.8 |
| &nbsp;&nbsp;&nbsp;Japan (chained 2015 Yen trillions) | 584 | 591 <sup>e</sup> | 594 | 598 | 601 | 604 | 607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -0.2 | 1.2 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 |
| &nbsp;&nbsp;&nbsp;China (constant 2010 US$ billions) | 14849 | 15591 | 16246 | 16912 | 17589 | 18292 | 19024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 5 | 5 | 4.2 | 4.1 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;Euro zone<sup>1</sup> (chained 2020 Euro billions) | 12982 | 13163 <sup>e</sup> | 13282 | 13441 | 13603 | 13766 | 13931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 0.8 | 1.4 | 0.9 | 1.2 | 1.2 | 1.2 | 1.2 |
| **Industrial production index (% change)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. | -0.7 | 1.3 | 0.8 | 1.2 | 1.5 | 1.6 | 1.6 |
| &nbsp;&nbsp;&nbsp;Japan | -2.9 | 1.2 <sup>e</sup> | 1 | 1 | 1 | 0.9 | 0.9 |
| &nbsp;&nbsp;&nbsp;China | 5.7 | 5.9 | 4.4 | 3.9 | 3.8 | 3.8 | 3.8 |
| &nbsp;&nbsp;&nbsp;Euro zone<sup>1</sup> | -3 | 1.4 <sup>e</sup> | 0.8 | 1.2 | 1.2 | 1.2 | 1.2 |
| **Housing starts (thousands)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Canada | 245 | 259 | 230 | 230 | 230 | 230 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.1 | 5.6 | -11.2 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;U.S. | 1367 | 1355 <sup>e</sup> | 1345 | 1370 | 1385 | 1400 | 1400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -3.7 | -0.9 | -0.7 | 1.9 | 1.1 | 1.1 | 0 |
| &nbsp;&nbsp;&nbsp;Japan | 792 | 738 <sup>e</sup> | 750 | 770 | 800 | 830 | 830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | -3.3 | -6.8 | 1.6 | 2.7 | 3.9 | 3.8 | 0 |
| **Consumer price index**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Canada (2002 = 100) | 160.9 | 164.2 | 167.8 | 171.3 | 174.8 | 178.3 | 181.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(% change) | 2.4 | 2.1 | 2.2 | 2.1 | 2 | 2 | 2 |
| **Canadian interest rates (%)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;3-month Treasury bills | 4.41 | 2.59 | 2.27 | 2.61 | 2.75 | 2.75 | 2.75 |
| &nbsp;&nbsp;&nbsp;10-year government bonds | 3.34 | 3.23 | 3.34 | 3.49 | 3.40 | 3.40 | 3.40 |
| **United States interest rates (%)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;3-month Treasury bills | 5.18 | 4.21 | 3.26 | 3.10 | 3.00 | 3.00 | 3.00 |
| &nbsp;&nbsp;&nbsp;10-year government bonds | 4.21 | 4.29 | 4.09 | 4.15 | 4.05 | 4.00 | 4.00 |
| **Exchange rate (US cents / Canadian $)** | 73 | 71.5 | 73.6 | 75.6 | 77 | 77.9 | 78.1 |
| **British Columbia goods and services**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Export price deflator (% change) | -0.1 | 4.5 <sup>e</sup> | 6.1 | 2.4 | 1.3 | 1.4 | 1.8 |

---

<sup>1</sup> Euro zone (20) is Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.

<sup>e</sup> B.C. Ministry of Finance estimate.

116 \| Budget and Fiscal Plan - 2026/27 to 2028/29

British Columbia Economic Review and Outlook

**The Economic Forecast Council, *Budget 2026***

***Introduction***

In accordance with the *Budget Transparency and Accountability Act*, the Minister of Finance, in preparing the provincial budget, consults with the Economic Forecast Council (the Council or EFC) on British Columbia's economic outlook. The 13-member Council is comprised of leading economists from several of Canada's major financial and private research institutions.

The most recent meeting between the Minister and the Council was on December 8, 2025, with EFC members presenting their estimates for economic performance in 2025 and their forecasts for 2026 through 2030 and over the long-term. Topics of discussion included: U.S. tariffs and the evolving trade situation; business investment; major projects; federal immigration policy; demographics and B.C.'s labour and housing markets.

EFC members were invited to revise their forecasts following the meeting up until January 6, 2026 (11 of the 13 members chose to resubmit). Forecast details from the Council's surveys are summarized in the table at the end of this topic box.

***British Columbia Outlook***

On average, the Council estimates that B.C.'s economy grew by 1.5 per cent in 2025, down 0.3 percentage points from their February 2025 projection. The EFC forecasts B.C. real GDP growth of 1.5 per cent in 2026, down 0.4 percentage points compared to their previous forecast. EFC expectations for slower near-term growth partly reflect the impact of U.S. tariffs and weaker global demand. In addition, the Council anticipates that lower population growth due to changes in federal immigration policy will temper labour and housing market activity in B.C. and nationally in the near-term.

The EFC forecasts improved economic growth of 1.9 per cent in 2027, followed by steady annual average real GDP growth of about 1.9 per cent in the medium-term (2028 to 2030) and over the long-term period (see Chart 1).

**Chart 1 – EF C Outlook for B. C.**

![](tm265823d1_ex99-ssp9img01.jpg)

The Council estimates that B.C.'s economy grew at a slightly slower rate than Canada in 2025, partly due to weaker global demand for some of B.C.'s key exports and muted home sales activity. The EFC expects B.C.'s economy to outperform the national average in 2026 and match Canadian economic output in 2027. The Council forecasts B.C. real GDP growth to be slightly above Canada's over the medium and long-term (see Chart 2).

**Chart 2 – EF C Outlook for B. C. and Canada**

![](tm265823d1_ex99-ssp9img02.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 117

British Columbia Economic Review and Outlook

The Council expects that uncertainty around the U.S. tariff situation and global trade policy will continue to constrain business investment. However, members agreed that B.C. was less exposed to trade risks compared to other provinces due to B.C.'s diversified trading network and broad export base. Some members also highlighted B.C.'s large services sector and well-established professional, scientific and technical industries as a potential advantage to partly offset global economic risks during times of high uncertainty around trade policy.

The EFC discussed B.C.'s abundant natural resources and the potential boost from LNG exports to Asian markets and future mining and LNG projects. Council members said that U.S. tariffs and restrictive trade policy have added to ongoing challenges in the forestry sector, which have significant implications for rural communities.

The Council discussed changes to federal immigration policy. EFC members expect lower immigration targets to have a larger impact on B.C. and Ontario due to their higher share of non-permanent residents. The EFC noted that lower population growth may have mixed effects on B.C.'s economy. While the Council generally expects muted job growth to reduce domestic demand in the near-term, members said that lower population growth may also ease some pressure on demand for public services, infrastructure and housing.

The Council noted B.C.'s robust retail sales activity in the first half of 2025, supported by accelerated consumer spending ahead of U.S. tariffs and lower interest rates. Members expect B.C. retail sales growth to moderate in the near-term amid weaker demand due to lower immigration and modest employment growth.

Several members acknowledged the complexity of B.C.'s housing market. The EFC generally expects less upward price pressure amid lower housing demand to improve affordability in the near-term. Council members indicated that weak pre-sales activity and uncertainty around the impact of U.S. tariffs on the broader economy have cooled residential investment.

The Council said that the housing sector is further constrained by a shortage of skilled workers and low productivity. EFC members highlighted the risks around slowing construction, especially purpose-built rental units. They also considered options to encourage new residential investment to support rental unit construction, as well as opportunities to boost training and improve productivity in the construction sector.

The EFC discussed the importance of attracting new private sector investment with some large projects now moving into operation. The Council concluded that grid capacity is key to promoting investor confidence. Some members acknowledged the province's Look West strategy and discussed options to fast track projects as well as the need for competitive regulatory and tax frameworks.

**British Columbia Economic Forecast Council:**

**Summary of B.C. real GDP forecasts, annual per cent change**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Participant** | **Organization** | **2025** | **2026** | **2027** | **2028** | **2029** | **2030** | **Long-term** |
| Robert Kavcic | Bank of Montreal<sup>1</sup> | 2 | 1.7 | 2.4 | 2 | 2 | 2 | 2 |
| Brendon Ogmundson | BC Real Estate Association<sup>1</sup> | 1.3 | 1.5 | 2.3 | 2.4 | 2.4 | 2.4 | 2.4 |
| David Williams | Business Council of BC<sup>1</sup> | 1.6 | 1.3 | 1.8 | 2 | 2.1 | 2.1 | 2.1 |
| Bryan Yu | Central 1 Credit Union<sup>1</sup> | 1.3 | 1.4 | 1.9 | 2.3 | 2.5 | 2 | na |
| Avery Shenfeld | CIBC<sup>1</sup> | 1.4 | 1.3 | 2 | na | na | na | na |
| Pedro Antunes | Conference Board of Canada<sup>1</sup> | 1.2 | 1.7 | 2.1 | 2 | 2 | 2 | 1.8 |
| Jimmy Jean | Desjardins Group<sup>1</sup> | 1.8 | 1.3 | 2 | na | na | na | na |
| Sébastien Lavoie | Laurentian Bank Securities | 1.3 | 1.5 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 |
| Stéfane Marion | National Bank<sup>1</sup> | 1.7 | 1.2 | 2 | 2 | 2 | 2 | 2 |
| Cynthia Leach | RBC<sup>1</sup> | 1 | 1.2 | 1.3 | 1.6 | 1.7 | 1.8 | 1.8 |
| Jean-François Perrault | Scotiabank | 1.4 | 1.6 | 1.9 | na | na | na | na |
| Aaron Stokes | Stokes Economics<sup>1</sup> | 2 | 1.8 | 2.1 | 1.3 | 1.4 | 1.4 | na |
| Derek Burleton | TD<sup>1</sup> | 1.8 | 1.5 | 1.7 | 1.9 | 1.8 | 1.8 | 1.8 |
| **Average** |  | **1.5** | **1.5** | **1.9** | **1.9** | **2.0** | **1.9** | **1.9** |
| Standard Deviation |  | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |

---

<sup>1</sup> Updated survey submitted subsequent to the December 8, 2025 meeting.

118 \| Budget and Fiscal Plan - 2026/27 to 2028/29

British Columbia Economic Review and Outlook

The EFC highlighted B.C.'s significant potential for future major projects and encouraged the province to seek opportunities to leverage federally endorsed projects. Members agreed that any economic boost from major projects would take several years to materialize.

***Canadian Outlook***

After an estimated gain of 1.6 per cent in 2025, the Council expects Canadian real GDP growth to slow to 1.3 per cent in 2026. The EFC expects Canadian economic activity to improve to 1.9 per cent growth in 2027, followed by steady annual real GDP growth of 1.8 per cent in 2028 and over the long-term.

The EFC discussed the U.S. tariff situation and potential outcomes of the imminent *Canada-United States-Mexico Agreement* (CUSMA) review. The Council agreed that current CUSMA exemptions have provided some shelter from the negative impacts of U.S. tariffs. However, members explained that the high degree of uncertainty around potential outcomes of the CUSMA review continues to weigh on business investment.

Council members said that lower population growth due to reduced federal immigration targets is weighing on Canadian labour market activity. Some members explained that businesses may scale down investment and hiring during a period of low population growth in the near-term. Meanwhile, decreased domestic demand has helped to cool inflation, prompting the Bank of Canada to lower interest rates somewhat. Looking ahead, most EFC members expect the Bank of Canada to gradually raise interest rates by 2027 as the Canadian economy improves.

The Council also discussed the federal government's new capital budgeting framework, potential provincial implications from federal spending reductions and the importance of establishing targets for fiscal sustainability.

***International Outlook***

The Council estimates that the U.S. economy grew by 2.0 per cent in 2025. The EFC expects U.S. real GDP to grow by 2.0 per cent in 2026 and 2027, followed by annual average real GDP growth of about 1.9 per cent in 2028 and over the long-term.

EFC members remarked on the resiliency of the U.S. economy in 2025. However, some members cautioned that the recent boost from investment in data centres and artificial intelligence may be masking underlying weakness in other areas of the U.S. economy. The Council also highlighted the elevated degree of uncertainty around the economic outlook given the volatile tariff situation and upcoming CUSMA review.

The EFC recommended pursuing further opportunities to broaden B.C.'s and Canada's global partnerships given the uncertain U.S. trade environment. Some members also indicated that there was potential for improvement in China's economic outlook, with subsequent upside impacts on global demand and key commodity prices.

***Canadian Dollar***

The Council's projections for the Canadian dollar ranged from 71.0 US cents to 75.8 US cents in 2026 and from 71.0 US cents to 76.5 US cents in 2027. Over the medium and longer-term, EFC forecasts ranged from a low of 72.5 US cents to a high of 80.0 US cents (see Chart 3).

**Chart 3 – EF C Outlook for the Canadian Dollar**

![](tm265823d1_ex99-ssp9img03.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 119

British Columbia Economic Review and Outlook

**Forecast Survey – Participants' Opinions**

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| All figures are based | 2025 | 2025 |  | 2026 | 2026 |  | 2027 | 2027 |  | 2028 | 2028 |  | 2029 | 2029 |  | 2030 | 2030 |  | Long-term | Long-term |  |
| on annual averages | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  | Range | Average <sup>1</sup> |  |
| **British Columbia** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real GDP (% change) | 1.0 – 2 | 1.5 | (13) | 1.2 – 1.8 | 1.5 | (13) | 1.3 – 2.4 | 1.9 | (13) | 1.3 – 2.4 | 1.9 | (10) | 1.4 – 2.5 | 2 | (10) | 1.4 – 2.4 | 1.9 | (10) | 1.6 – 2.4 | 1.9 | (8) |
| Nominal GDP (% change) | 3.3 – 4.6 | 4.1 | (13) | 3.2 – 5.1 | 3.8 | (13) | 3.4 – 4.6 | 4.1 | (13) | 3.6 – 4.5 | 4 | (10) | 3.5 – 5 | 4.1 | (10) | 3.6 – 4.4 | 3.9 | (10) | 3.6 – 4.4 | 3.9 | (8) |
| GDP Deflator (% change) | 2.0 – 3 | 2.6 | (13) | 1.6 – 3.4 | 2.3 | (13) | 1.3 – 2.9 | 2.1 | (13) | 1.6 – 2.6 | 2.1 | (10) | 1.5 – 2.5 | 2.1 | (10) | 1.5 – 2.3 | 2 | (10) | 1.7 – 2.3 | 2 | (8) |
| Real business non-residential investment (% change) | -3.0 – 4.9 | 0.4 | (4) | -1.5 – 2.5 | 0.9 | (4) | 3.0 – 14.4 | 6 | (4) | -3.6 – 4 | 1.5 | (4) | -1.9 – 5 | 2.1 | (4) | -4.5 – 3.1 | 1 | (4) | 1.5 – 2.5 | 2 | (2) |
| Real business machinery and equipment investment (% change) | -5.0 – 2 | -2.4 | (4) | 1.0 – 3 | 2.1 | (4) | 2.0 – 11.2 | 5.4 | (4) | 2.5 – 8.3 | 4.4 | (4) | 2.1 – 6 | 3.5 | (4) | 0.9 – 3.6 | 2.2 | (4) | 2.3 – 2.5 | 2.4 | (2) |
| Household Income (% change) | 3.0 – 4.7 | 4 | (8) | 3.1 – 3.9 | 3.5 | (8) | 3.4 – 4.5 | 3.9 | (8) | 3.5 – 4.3 | 3.9 | (8) | 3.5 – 4.5 | 4 | (8) | 3.5 – 4.2 | 4 | (8) | 3.5 – 4.2 | 3.9 | (6) |
| Net Migration (thousand persons) | -14.5 – 40 | 15.3 | (8) | -27.6 – 40 | -0.6 | (8) | -7.1 – 65 | 18.9 | (8) | 30.0 – 72.4 | 51.5 | (8) | 40.0 – 74 | 61.9 | (8) | 40.0 – 83 | 65.1 | (8) | 40.0 – 86.3 | 71.6 | (6) |
| Employment (% change) | 1.0 – 1.3 | 1.2 | (12) | -0.1 – 1.4 | 0.7 | (12) | 0.1 – 1.8 | 1 | (12) | 0.9 – 1.8 | 1.3 | (9) | 0.7 – 1.8 | 1.3 | (9) | 0.7 – 1.8 | 1.3 | (9) | 0.7 – 1.8 | 1.2 | (7) |
| Unemployment rate (%) | 6.1 – 6.5 | 6.2 | (13) | 5.7 – 6.6 | 6.1 | (13) | 5.1 – 6.4 | 5.8 | (13) | 5.0 – 6.1 | 5.5 | (9) | 5.0 – 5.8 | 5.3 | (9) | 4.9 – 5.5 | 5.3 | (9) | 5.1 – 5.5 | 5.3 | (7) |
| Net operating surplus of corporations (% change) | 3.0 – 13.4 | 6.1 | (4) | 3.0 – 18 | 9.8 | (4) | 2.5 – 7.1 | 5 | (4) | 1.1 – 6 | 3.3 | (4) | 1.6 – 5 | 3.2 | (4) | -0.3 – 5 | 2.3 | (4) | 1.7 – 4 | 2.9 | (2) |
| Housing starts (thousand units) | 41.0 – 48 | 43.7 | (13) | 29.0 – 49 | 40.1 | (13) | 34.0 – 55 | 41.2 | (13) | 35.8 – 45 | 41.5 | (10) | 35.0 – 45 | 42.1 | (10) | 34.0 – 45 | 41.5 | (10) | 38.8 – 45 | 42.6 | (8) |
| MLS residential unit sales (thousand units) | 70.0 – 72.3 | 71 | (7) | 72.0 – 82.5 | 77.9 | (7) | 77.8 – 91.7 | 83.6 | (7) | 81.0 – 96.4 | 87.5 | (6) | 79.0 – 97.8 | 89.3 | (6) | 77.0 – 98.9 | 90.2 | (6) | 76.0 – 102 | 88.3 | (4) |
| MLS residential average sale price ($ thousand) | 950 – 960 | 956 | (7) | 929 – 996 | 973 | (7) | 957 – 1075 | 1007 | (7) | 993 – 1120 | 1054 | (6) | 1024 – 1160 | 1088 | (6) | 1056 – 1200 | 1124 | (6) | 1093 – 1200 | 1164 | (3) |
| Retail sales (% change) | 5.3 – 6.5 | 6.2 | (6) | 2.0 – 5 | 2.8 | (6) | 1.5 – 5.3 | 3.1 | (6) | 3.0 – 4.4 | 3.7 | (6) | 3.5 – 4.5 | 3.9 | (6) | 3.3 – 4.1 | 3.8 | (6) | 3.3 – 4 | 3.7 | (4) |
| Consumer price index (% change) | 2.1 – 2.2 | 2.2 | (12) | 1.7 – 2.4 | 2 | (12) | 1.7 – 2.3 | 2 | (12) | 1.9 – 2.1 | 2 | (9) | 1.9 – 2.1 | 2 | (9) | 1.9 – 2 | 2 | (9) | 1.9 – 2 | 2 | (7) |
| **United States** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real GDP (% change) | 1.8 – 2.2 | 2 | (13) | 1.6 – 2.4 | 2 | (13) | 1.7 – 2.2 | 2 | (13) | 1.8 – 2.2 | 1.9 | (10) | 1.8 – 2.2 | 2 | (10) | 1.8 – 2.2 | 1.9 | (10) | 1.8 – 2.1 | 1.9 | (7) |
| Intended Federal Funds rate (%) | 3.75 – 4.37 | 4.21 | (12) | 3.00 – 3.50 | 3.33 | (12) | 3.00 – 3.50 | 3.15 | (12) | 2.80 – 3.50 | 3.10 | (9) | 2.80 – 3.50 | 3.13 | (9) | 2.80 – 3.50 | 3.13 | (9) | 3.00 – 3.50 | 3.14 | (6) |
| Housing starts (million units) | 1.34 – 1.41 | 1.36 | (11) | 1.30 – 1.46 | 1.38 | (11) | 1.31 – 1.49 | 1.42 | (11) | 1.30 – 1.59 | 1.45 | (7) | 1.30 – 1.63 | 1.47 | (7) | 1.20 – 1.63 | 1.47 | (7) | 1.20 – 1.60 | 1.45 | (5) |
| **Canada** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real GDP (% change) | 1.2 – 1.7 | 1.6 | (13) | 1.2 – 1.5 | 1.3 | (13) | 1.5 – 2.3 | 1.9 | (13) | 1.5 – 2.2 | 1.8 | (11) | 1.5 – 2.2 | 1.8 | (11) | 1.5 – 2.2 | 1.8 | (11) | 1.5 – 2 | 1.8 | (8) |
| Bank of Canada overnight target rate (%) | 2.25 – 2.93 | 2.63 | (13) | 2.21 – 2.75 | 2.33 | (13) | 2.25 – 2.88 | 2.53 | (13) | 2.25 – 3.00 | 2.66 | (11) | 2.25 – 3.00 | 2.69 | (11) | 2.25 – 3.00 | 2.72 | (11) | 2.25 – 3.00 | 2.69 | (8) |
| Exchange rate (US cents/C$) | 71.0 – 72 | 71.7 | (13) | 71.0 – 75.8 | 73.4 | (12) | 71.0 – 76.5 | 75 | (12) | 72.5 – 79 | 75.8 | (9) | 72.5 – 80 | 76 | (9) | 72.5 – 80 | 76.3 | (9) | 72.5 – 80 | 75.8 | (6) |
| Housing starts (thousand units) | 234 – 270 | 257 | (13) | 170 – 271 | 238 | (13) | 190 – 300 | 237 | (13) | 200 – 285 | 237 | (11) | 210 – 288 | 241 | (11) | 215 – 291 | 241 | (11) | 219 – 260 | 235 | (8) |
| Consumer price index (% change) | 1.9 – 2.2 | 2.1 | (13) | 1.7 – 2.5 | 2.1 | (13) | 1.8 – 2.2 | 2 | (13) | 2.0 – 2.1 | 2 | (11) | 2.0 – 2 | 2 | (11) | 2.0 – 2 | 2 | (11) | 2.0 – 2 | 2 | (8) |

---

<sup>1</sup> Based on responses from participants providing forecasts. Number of respondents shown in parentheses.

120 \| Budget and Fiscal Plan - 2026/27 to 2028/29

**PART 4 \| 2025/26 UPDATED FINANCIAL FORECAST *(third quarterly report)***

**Table 4.1 2025/26 Forecast Update**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Budget* | *First <br> Quarterly* | *Second <br> Quarterly* | *Third <br> Quarterly* |
| ($ millions) | *2025* | *Report* | *Report* | *Report* |
| &nbsp;&nbsp;&nbsp;Revenue | 84003 | 83264 | 83776 | 85082 |
| &nbsp;&nbsp;&nbsp;Expense | (94915) | (94841) | (94963) | (94696) |
| **Deficit** | **(10912)** | **(11577)** | **(11187)** | **(9614)** |
| **Capital Spending:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported capital spending | 15374 | 14664 | 13901 | 12467 |
| &nbsp;&nbsp;&nbsp;Self-supported capital spending | 4828 | 4818 | 4804 | 4606 |
|  | **20202** | **19482** | **18705** | **17073** |
| **Provincial Debt:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported debt | 118719 | 117992 | 117677 | 116540 |
| &nbsp;&nbsp;&nbsp;Self-supported debt | 37913 | 37381 | 37409 | 37519 |
| &nbsp;&nbsp;&nbsp;**Total debt** | **156632** | **155373** | **155086** | **154059** |
| **Taxpayer-supported debt metrics:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Debt-to-GDP ratio | 26.7% | 26.6% | 26.4% | 26.1% |
| &nbsp;&nbsp;&nbsp;Interest bite (cents per dollar of revenue) | 4.9 | 5.0 | 5.0 | 4.9 |

---

**Introduction**

The third-quarter fiscal outlook for 2025/26 forecasts a deficit of $9.6 billion, which is $1.6 billion lower than the forecast in the *Second Quarterly Report* mainly due to higher revenue from corporate and personal income tax and lower spending for refundable tax credits, partially offset by higher statutory spending for wildfires and flooding events in prior years. Taxpayer-supported capital spending for the year is lower by $1.4 billion, and the forecast for the taxpayer-supported debt is lower by $1.1 billion, from the second-quarter outlook mainly due to improved operating results, lower capital spending and changes in other working capital balances.

**Chart 4.1 2025/26 Deficit – Major Changes from the *2025/26 Second Quarterly Report***

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 121

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.2 2025/26 Financial Forecast Changes**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ($ millions) | ($ millions) | ($ millions) | ($ millions) |
| **2025/26 deficit at *Budget 2025* (March 4, 2025)** | **(10912)** |  |  | **(10912)** |
| **2025/26 deficit at the *First Quarterly Report* (September 15, 2025)** |  | **(11577)** |  |  |
| **2025/26 deficit at the *Second Quarterly Report* (November 27, 2025)** |  |  | **(11187)** |  |
|  | **Q1** | **Q2** | **Q3** | **Total** |
|  | **Update** | **Update** | **Update** | **Changes** |
| &nbsp;&nbsp;&nbsp;**Revenue**<sup>1</sup> **changes:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal income tax – reflecting stronger 2024 tax assessments partly offset by weaker household income growth and inclusion of federal and provincial tax measures | (65) | 816 | 684 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate income tax – increase in advance installments resulting from federal government updates to corporate tax base as well as higher prior-year settlement payment, mainly reflecting 2024 tax assessment information, partly offset by the impacts of federal tax measures | 411 | 565 | 772 | 1748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provincial sales tax – mainly weaker year-to-date collections | (174) | (100) |  | (274) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property transfer tax – reflecting lower than expected year-to-date sales results | (247) | (150) | (100) | (497) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carbon tax – mainly the elimination of consumer carbon tax effective April 1, 2025 | (2821) |  | 37 | (2784) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuel tax – higher sales volume in most fuel types reflecting prior year and year-to-date results | 64 |  |  | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer health tax – reflecting impacts of 2024/25 results and a lower wages and salaries growth | (29) | (18) | (25) | (72) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other taxation sources – lower tobacco tax revenue, mainly reflecting lower year-to-date collections and 2024/25 results, partially offset by higher property and insurance premium tax revenue | 19 | (61) | (53) | (95) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural gas royalties – changes in prices and volumes, lower natural gas liquids royalties, partially offset by changes in utilization of royalty and infrastructure programs and credits | (60) | (6) | 88 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mining – changes in coal prices, higher mining costs as well as lower coal production | (145) | (121) | (36) | (302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electricity sales under the Columbia River Treaty – changes in Mid-C electricity prices | 17 | (34) | (23) | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forests – mainly lower stumpage rates, rising costs and changes to Crown harvest volumes | (68) | (43) | (23) | (134) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other natural resources – mainly changes to bonus bids cash sales and petroleum royalties, partly offset by lower water rentals revenue | 31 | (20) | 1 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees, licences, investment earnings and miscellaneous revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment earnings – mainly lower interest recoveries related to the Fiscal Agency Loan program partly offset by improved earnings from taxpayer-supported entities | (7) | (51) | 66 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tobacco settlement - estimated net revenue | 2725 |  |  | 2725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other sources – mainly changes in revenue from fees and other miscellaneous sources | (13) | (2) | 41 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada health and social transfers – changes in B.C. share of the national population | 9 | (98) |  | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other federal government transfers – mainly delayed funding in support of Disaster Financial Assistance Arrangements and delayed recoveries relating to public transit | (366) | (66) | (146) | (578) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporation net income - mainly Liquor Distribution Branch | (20) | (99) | 23 | (96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenue changes** | **(739)** | **512** | **1306** | **1079** |
| &nbsp;&nbsp;&nbsp;***Less* : expense**<sup>1</sup> **increases (decreases):** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund changes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional expenditure management savings |  |  | (100) | (100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statutory spending: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fire management costs | 613 | (126) | (60) | 427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Emergency Disaster & Management Account* (EDMA) |  |  | 326 | 326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance Risk Management Account* |  | 36 |  | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other statutory spending | 19 | 17 |  | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Refundable tax credits - elimination of the climate action tax credit and tax assessment updates | (740) | 181 | (229) | (788) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other expense changes – mainly higher interest costs | 141 | (1) | (45) | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spending funded by third party recoveries | (80) | (98) | (5) | (183) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in spending profile of service delivery agencies: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School districts | 46 | (8) | 124 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universities | (144) | 83 | (71) | (132) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colleges and institutes | (18) | 25 | (3) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 139 | (135) | 92 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other service delivery agencies<sup>2</sup> | (3) | 87 | (110) | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in operating transfers to service delivery agencies - accounting elimination | (47) | 61 | (186) | (172) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total expense changes** | **(74)** | **122** | **(267)** | **(219)** |
| **Total changes** | **(665)** | **390** | **1573** | **1298** |
| **2025/26 deficit at the *First Quarterly Report*** | **(11577)** |  |  |  |
| **2025/26 deficit at the *Second Quarterly Report*** |  | **(11187)** |  |  |
| **2025/26 deficit at the *Third Quarterly Report*** |  |  | **(9614)** | **(9614)** |

---

<sup>1</sup> Detailed descriptions of changes are provided in the revenue and expense sections of this report.

<sup>2</sup> Includes BC Transportation Financing Authority, BC Transit, BC Housing Management Commission, Community Living BC, and other entities.

122 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Revenue**

Total government revenue is now forecast to be $1.306 billion higher than the *Second Quarterly Report.* Major changes include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $772
million higher corporate income tax revenues due to increased settlement payments related to prior years mainly reflecting stronger 2024
corporate tax assessments information and higher corporate income tax advance payments from the federal government;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $684
million increase in personal income tax, mainly reflecting stronger 2024 personal tax assessments results, partly offset by weaker household
income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $141
million decrease in other taxation revenue sources mainly reflecting year-to-date information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $7
million increase in natural resource revenue mainly due to the effects of higher natural gas prices as well as improvement in forest
Crown harvest volumes, partly offset by revenue from remaining sources;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $107
million increase in revenue from fees, licences, investment earnings and miscellaneous sources mainly due to improvements in taxpayer-supported
entities projections;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $146
million decrease in federal government contributions mainly due to lower transfers under the *Disaster Financial Assistance Arrangements* and to taxpayer- supported entities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $23
million net increase in commercial Crown corporations' net income, due to updated outlooks from the Liquor Distribution Branch
and BC Lottery Corporation.

**Expense**

Total government spending is now forecast to be $267 million lower than the *Second Quarterly Report*. Major changes include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $229
million decrease in refundable tax credits mainly reflecting tax assessment updates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $100
million in additional savings through the management of administrative and discretionary spending;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $153
million decrease in net spending by service delivery agencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $60
million decrease in fire management costs - for a total spending forecast of $665 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $51
million decrease in various other spending; offset by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $326
million increase in statutory spending under the *Emergency and Disaster Management Act* mainly for wildfires and flooding events
in prior years.

Table 4.2 provides a detailed breakdown of changes in the operating results by quarter from *Budget 2025*.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 123

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Contingencies**

*Budget 2025* includes a Contingencies Vote of $4.0 billion in 2025/26. The Contingencies Vote helps fund unexpected costs that are difficult to forecast such as flood recovery, wage mandate, increased costs for government services, and emerging priorities. The forecast continues to assume allocations will be fully spent and remains unchanged.

Government will report the final spending details of the Contingencies Vote in the 2025/26 *Public Accounts* which will be released in the summer of 2026.

**Government Employment (FTEs)**

Full-time equivalent (FTE) staff utilization in core government ministries for 2025/26 is forecast to be 37,500, a decrease of 700 FTEs from the *Second Quarterly Report*. This change reflects the estimated impact of hiring restrictions and job action.

Further details on FTEs are provided in Table A13 in the appendix.

124 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Provincial Capital Spending**

Total capital spending is projected at $17.1 billion for fiscal 2025/26, which is $1.6 billion lower than the *Second Quarterly Report* forecast (see Table 4.3).

The forecast for taxpayer-supported capital spending is $1.4 billion lower than in the S*econd Quarterly Report* mainly due to changes in the timing of project spending in the health, transportation, and post-secondary sectors.

Self-supported capital spending is expected to be $198 million lower than the forecast in the S*econd Quarterly Report*, primarily due to changes in the timing of BC Hydro capital expenditures.

**Table 4.3 2025/26 Capital Spending Update**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ($ millions) | ($ millions) | ($ millions) | ($ millions) |
|  | **Q1**<br> **Update** | **Q2**<br> **Update** | **Q3**<br> **Update** | **Total<br> Changes** |
| **Taxpayer-supported capital spending at *Budget 2025*** | **15374** |  |  | **15374** |
| **Taxpayer-supported capital spending at the *First Quarterly Report*** |  | **14664** |  |  |
| **Taxpayer-supported capital spending at the *Second Quarterly Report*** |  |  | **13901** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School districts | 38 | (50) | (119) | (131) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | (47) | (27) | (150) | (224) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health sector | (407) | (353) | (536) | (1296) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transportation sector | (278) | (350) | (408) | (1036) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social housing | (21) | 16 | (108) | (113) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other net adjustments to capital schedules | 5 | 1 | (113) | (107) |
| &nbsp;&nbsp;&nbsp;Total taxpayer-supported changes | (710) | (763) | (1434) | (2907) |
| **Taxpayer-supported capital spending - updated forecast** | **14664** | **13901** | **12467** | **12467** |
| **Self-supported capital spending at *Budget 2025*** | **4828** |  |  | **4828** |
| **Self-supported capital spending at the *First Quarterly Report*** |  | **4818** |  |  |
| **Self-supported capital spending at the *Second Quarterly Report*** |  |  | **4804** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Hydro |  |  | (181) | (181) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance Corporation of BC | (8) | (4) | (9) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other net adjustments | (2) | (10) | (8) | (20) |
| &nbsp;&nbsp;&nbsp;Total self-supported changes | (10) | (14) | (198) | (222) |
| **Self-supported capital spending - updated forecast** | **4818** | **4804** | **4606** | **4606** |
| **2025/26 capital spending at the *First Quarterly Report*** | **19482** |  |  |  |
| **2025/26 capital spending at the *Second Quarterly Report*** |  | **18705** |  |  |
| **2025/26 capital spending at the *Third Quarterly Report*** |  |  | **17073** | **17073** |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 125

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Provincial Debt**

The provincial debt is projected to total $154.1 billion by the end of the fiscal year, which is $2.6 billion lower than the projection at *Budget 2025* and $1.0 billion lower than the *Second Quarterly Report.*

Taxpayer-supported debt is now forecast to be $116.5 billion, which is $2.2 billion lower than *Budget 2025* mainly due to net changes to operating results and lower capital spending, offset by a higher opening balance from 2024/25. The forecast is $1.2 billion lower than the *Second Quarterly Report* mainly due to improved operating results, lower capital spending and changes in other working capital balances.

Consistent with the *Second Quarterly Report*, the self-supported debt is projected to be $37.5 billion — $394 million lower than *Budget 2025* mainly due to a lower opening balance from 2024/25*.*

Details on changes in provincial debt by quarter are shown in Table 4.4.

**Table 4.4 2025/26 Provincial Debt Update <sup>1</sup>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ($ millions) | ($ millions) | ($ millions) | ($ millions) |
|  | **Q1**<br>**Update** | **Q2**<br>**Update** | **Q3**<br>**Update** | **Total**<br>**Changes** |
| **Taxpayer-supported debt forecast at *Budget 2025*** | **118719** |  |  | **118719** |
| **Taxpayer-supported debt at the *First Quarterly Report*** |  | **117992** |  |  |
| **Taxpayer-supported debt at the *Second Quarterly Report*** |  |  | **117677** |  |
| &nbsp;&nbsp;&nbsp;Changes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Higher debt level from 2024/25 | 1378 |  |  | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating results | 665 | (390) | (1573) | (1298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash items | 66 | (8) | 36 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in cash balances <sup>2</sup> | (1667) | 104 | 665 | (898) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in commercial Crown corporations' retained earnings | (4) | 78 | 25 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in other working capital balances <sup>3</sup> | 569 | 657 | 1069 | 2295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in taxpayer-supported capital spending | (710) | (763) | (1434) | (2907) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in debt level for social housing projects | (1024) | 7 | 75 | (942) |
| &nbsp;&nbsp;&nbsp;Total taxpayer-supported changes | (727) | (315) | (1137) | (2179) |
| **Taxpayer-supported debt - updated forecast** | **117992** | **117677** | **116540** | **116540** |
| **Self-supported debt forecast at *Budget 2025*** | **37913** |  |  | **37913** |
| **Self-supported debt at the *First Quarterly Report*** |  | **37381** |  |  |
| **Self-supported debt at the *Second Quarterly Report*** |  |  | **37409** |  |
| &nbsp;&nbsp;&nbsp;Changes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lower debt level from 2024/25 | (517) |  |  | (517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in capital spending | (10) | (14) | (198) | (222) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in internal financing | (5) | 42 | 308 | 345 |
| &nbsp;&nbsp;&nbsp;Total self-supported changes | (532) | 28 | 110 | (394) |
| **Self-supported debt - updated forecast** | **37381** | **37409** | **37519** | **37519** |
| **2025/26 provincial debt at the *First Quarterly Report*** | **155373** |  |  |  |
| **2025/26 provincial debt at the *Second Quarterly Report*** |  | **155086** |  |  |
| **2025/26 provincial debt at the *Third Quarterly Report*** |  |  | **154059** | **154059** |

---

<sup>1</sup> Provincial debt is prepared in accordance with Generally Accepted Accounting Principles and presented consistent with the Debt Summary Report included in the *Public Accounts*. Debt is shown net of sinking funds and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province.

<sup>2</sup> Reflects changes in cash balances at April 1, 2025 and includes all cash balances from the Consolidated Revenue Fund, School Districts, Universities, Colleges, Health Authorities, Hospital Societies and other taxpayer-supported agencies.

<sup>3</sup> Changes in other working capital balances include changes in accounts receivables, accounts payable, accrued liabilities, deferred revenue, investments, restricted assets and other assets.

126 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Risks to the Fiscal Forecast**

The forecasts of revenues, expenditures, capital spending and debt are estimates based on multiple economic, financial and external factors. In addition, capital spending and debt figures may be influenced by several factors including design development, procurement activity, weather, geotechnical conditions and interest rates. As a result, the actual operating results, capital expenditure and debt figures may differ from the current forecast.

Revenues can be volatile due in part to the influence of the cyclical nature of the natural resource sector in the economy. Changes in energy or commodity prices, such as natural gas and lumber, may have a significant effect on revenue and the fiscal forecast.

The spending forecast in the fiscal plan is based on ministry and service delivery agency plans and strategies. The main risks are changes to planning assumptions, such as utilization or demand rates for government services in the health care, education, or community social services sectors, and costs associated with natural disaster responses.

**Supplementary Schedules**

The following tables provide the financial results for the nine months ended December 31, 2025, and the 2025/26 full-year forecast.

**Table 4.5 2025/26 Operating Statement**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget | Actual | Variance | 2024/25 | Budget | Forecast | Variance | 2024/25 |
| &nbsp;&nbsp;&nbsp;Revenue | 60787 | 62665 | 1878 | 59862 | 84003 | 85082 | 1079 | 84046 |
| &nbsp;&nbsp;&nbsp;Expense | (70011) | (66416) | 3595 | (64864) | (94915) | (94696) | 219 | (91393) |
| **Surplus (deficit)** | **(9224)** | **(3751)** | **5473** | **(5002)** | **(10912)** | **(9614)** | **1298** | **(7347)** |
| &nbsp;&nbsp;&nbsp;Accumulated surplus (deficit) beginning of the year before remeasurement gains (losses) | (10348) | (8560) | 1788 | (1213) | (10348) | (8560) | 1788 | (1213) |
| &nbsp;&nbsp;&nbsp;Accumulated surplus (deficit) before remeasurement gains (losses) | (19572) | (12311) | 7261 | (6215) | (21260) | (18174) | 3086 | (8560) |
| &nbsp;&nbsp;&nbsp;Effect of remeasurement gains (losses) | (408) | (770) | (362) | (1257) | (408) | (707) | (299) | (1450) |
| **Accumulated surplus (deficit) end of period** | **(19980)** | **(13081)** | **6899** | **(7472)** | **(21668)** | **(18881)** | **2787** | **(10010)** |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 127

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.6 2025/26 Expense by Ministry, Program and Agency**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget <sup>1</sup> | Actual <sup>1</sup> | Variance | 2024/25 <sup>1</sup> | Budget <sup>1</sup> | Forecast | Variance | 2024/25 <sup>1</sup> |
| &nbsp;&nbsp;&nbsp;Office of the Premier | 13 | 12 | (1) | 12 | 18 | 18 |  | 15 |
| &nbsp;&nbsp;&nbsp;Agriculture and Food | 123 | 110 | (13) | 233 | 152 | 152 |  | 346 |
| &nbsp;&nbsp;&nbsp;Attorney General | 651 | 787 | 136 | 669 | 874 | 874 |  | 888 |
| &nbsp;&nbsp;&nbsp;Children and Family Development | 1847 | 1909 | 62 | 1789 | 2408 | 2408 |  | 2395 |
| &nbsp;&nbsp;&nbsp;Citizens' Services | 846 | 906 | 60 | 896 | 1130 | 1130 |  | 1181 |
| &nbsp;&nbsp;&nbsp;Education and Child Care | 7361 | 7366 | 5 | 7160 | 9777 | 9781 | 4 | 9745 |
| &nbsp;&nbsp;&nbsp;Emergency Management and Climate Readiness | 48 | 77 | 29 | 107 | 117 | 443 | 326 | 428 |
| &nbsp;&nbsp;&nbsp;Energy and Climate Solutions | 57 | 63 | 6 | 127 | 108 | 108 |  | 554 |
| &nbsp;&nbsp;&nbsp;Environment and Parks | 160 | 226 | 66 | 216 | 215 | 225 | 10 | 266 |
| &nbsp;&nbsp;&nbsp;Finance | 941 | 781 | (160) | 623 | 1491 | 1536 | 45 | 2653 |
| &nbsp;&nbsp;&nbsp;Forests | 648 | 1035 | 387 | 1147 | 900 | 1327 | 427 | 1437 |
| &nbsp;&nbsp;&nbsp;Health | 28465 | 25678 | (2787) | 25105 | 35021 | 35021 |  | 33521 |
| &nbsp;&nbsp;&nbsp;Housing and Municipal Affairs | 1290 | 1312 | 22 | 1023 | 1535 | 1535 |  | 1618 |
| &nbsp;&nbsp;&nbsp;Indigenous Relations and Reconciliation | 109 | 176 | 67 | 263 | 186 | 186 |  | 297 |
| &nbsp;&nbsp;&nbsp;Infrastructure | 45 | 36 | (9) | 38 | 55 | 55 |  | 52 |
| &nbsp;&nbsp;&nbsp;Jobs and Economic Growth | 45 | 89 | 44 | 89 | 87 | 87 |  | 184 |
| &nbsp;&nbsp;&nbsp;Labour | 18 | 17 | (1) | 25 | 24 | 24 |  | 39 |
| &nbsp;&nbsp;&nbsp;Mining and Critical Minerals | 41 | 135 | 94 | 41 | 58 | 71 | 13 | 67 |
| &nbsp;&nbsp;&nbsp;Post-Secondary Education and Future Skills | 2689 | 2698 | 9 | 2678 | 3511 | 3511 |  | 3515 |
| &nbsp;&nbsp;&nbsp;Public Safety and Solicitor General | 828 | 878 | 50 | 878 | 1108 | 1108 |  | 1141 |
| &nbsp;&nbsp;&nbsp;Social Development and Poverty Reduction | 4314 | 4259 | (55) | 3988 | 5709 | 5709 |  | 5138 |
| &nbsp;&nbsp;&nbsp;Tourism, Arts, Culture and Sport | 137 | 133 | (4) | 156 | 191 | 191 |  | 229 |
| &nbsp;&nbsp;&nbsp;Transportation and Transit | 872 | 818 | (54) | 810 | 1179 | 1179 |  | 1452 |
| &nbsp;&nbsp;&nbsp;Water, Land and Resource Stewardship | 132 | 210 | 78 | 200 | 203 | 203 | - | 335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total ministries and Office of the Premier** | **51680** | **49711** | **(1969)** | **48273** | **66057** | **66882** | **825** | **67496** |
| &nbsp;&nbsp;&nbsp;Management of public funds and debt | 2085 | 2088 | 3 | 1725 | 2762 | 2887 | 125 | 2343 |
| &nbsp;&nbsp;&nbsp;Contingencies Vote |  | 1 | 1 |  | 4000 | 4000 |  | 1 |
| &nbsp;&nbsp;&nbsp;Funding for capital expenditures | 4075 | 3175 | (900) | 2728 | 7259 | 5480 | (1779) | 4438 |
| &nbsp;&nbsp;&nbsp;Refundable tax credit transfers | 2554 | 2256 | (298) | 2600 | 3408 | 2620 | (788) | 3047 |
| &nbsp;&nbsp;&nbsp;Legislative Assembly and other appropriations | 176 | 173 | (3) | 212 | 243 | 243 | - | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total appropriations** | **60570** | **57404** | **(3166)** | **55538** | **83729** | **82112** | **(1617)** | **77624** |
| &nbsp;&nbsp;&nbsp;Elimination of transactions between appropriations <sup>2</sup> | (18) | (17) | 1 | (23) | (24) | (24) |  | (29) |
| &nbsp;&nbsp;&nbsp;Prior year liability adjustments | - | - | - | - | - | (31) | (31) | (226) |
| **Consolidated revenue fund expense** | **60552** | **57387** | **(3165)** | **55515** | **83705** | **82057** | **(1648)** | **77369** |
| &nbsp;&nbsp;&nbsp;Expenses recovered from external entities | 4142 | 4019 | (123) | 3854 | 6221 | 6038 | (183) | 6762 |
| &nbsp;&nbsp;&nbsp;Elimination of funding provided to service delivery agencies | (38135) | (35856) | 2279 | (34169) | (52755) | (51144) | 1611 | (48523) |
| **Total direct program spending** | **26559** | **25550** | **(1009)** | **25200** | **37171** | **36951** | **(220)** | **35608** |
| **Service delivery agency expense** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;School districts | 6730 | 6806 | 76 | 6604 | 9361 | 9523 | 162 | 9269 |
| &nbsp;&nbsp;&nbsp;Universities | 5279 | 5131 | (148) | 5020 | 7333 | 7201 | (132) | 6978 |
| &nbsp;&nbsp;&nbsp;Colleges and institutes | 1388 | 1347 | (41) | 1378 | 1849 | 1853 | 4 | 1911 |
| &nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 24070 | 21493 | (2577) | 21077 | 30509 | 30605 | 96 | 29123 |
| &nbsp;&nbsp;&nbsp;Other service delivery agencies | 5985 | 6089 | 104 | 5585 | 8992 | 8963 | (29) | 8504 |
| **Total service delivery agency expense** | **43452** | **40866** | **(2586)** | **39664** | **58044** | **58145** | **101** | **55785** |
| **Subtotal expense** | **70011** | **66416** | **(3595)** | **64864** | **95215** | **95096** | **(119)** | **91393** |
| &nbsp;&nbsp;&nbsp;Expenditure management | - | - | - | - | (300) | (400) | (100) | - |
| **Total expense** | **70011** | **66416** | **(3595)** | **64864** | **94915** | **94696** | **(219)** | **91393** |

---

<sup>1</sup> Restated to reflect government's organization and accounting policies as at December 31, 2025.

<sup>2</sup> Reflects payments made under an agreement where an expense from a voted appropriation is recorded as revenue by a special account.

128 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.7 2025/26 Revenue by Source**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget | Actual | Variance | 2024/25 <sup>1</sup> | Budget | Forecast | Variance | 2024/25 |
| **Taxation** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Personal income | 13152 | 13808 | 656 | 12693 | 17751 | 19186 | 1435 | 17026 |
| &nbsp;&nbsp;&nbsp;Corporate income | 4143 | 4958 | 815 | 4689 | 6209 | 7957 | 1748 | 8262 |
| &nbsp;&nbsp;&nbsp;Employer health | 2375 | 2327 | (48) | 2358 | 3147 | 3075 | (72) | 3056 |
| &nbsp;&nbsp;&nbsp;Sales <sup>2</sup> | 8367 | 8209 | (158) | 8010 | 10961 | 10687 | (274) | 10363 |
| &nbsp;&nbsp;&nbsp;Fuel | 738 | 798 | 60 | 765 | 950 | 1014 | 64 | 979 |
| &nbsp;&nbsp;&nbsp;Carbon <sup>3</sup> | 2220 | 242 | (1978) | 1825 | 3046 | 262 | (2784) | 2606 |
| &nbsp;&nbsp;&nbsp;Tobacco | 364 | 252 | (112) | 352 | 450 | 291 | (159) | 412 |
| &nbsp;&nbsp;&nbsp;Property | 2990 | 3002 | 12 | 2852 | 4025 | 4067 | 42 | 3837 |
| &nbsp;&nbsp;&nbsp;Property transfer | 1773 | 1345 | (428) | 1589 | 2247 | 1750 | (497) | 2005 |
| &nbsp;&nbsp;&nbsp;Insurance premium and other | 663 | 700 | 37 | 649 | 913 | 935 | 22 | 900 |
|  | **36785** | **35641** | **(1144)** | **35782** | **49699** | **49224** | **(475)** | **49446** |
| **Natural resource** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Natural gas royalties | 633 | 530 | (103) | 400 | 920 | 942 | 22 | 672 |
| &nbsp;&nbsp;&nbsp;Forests | 436 | 410 | (26) | 396 | 639 | 505 | (134) | 514 |
| &nbsp;&nbsp;&nbsp;Other natural resource revenues <sup>4</sup> | 1109 | 835 | (274) | 912 | 1438 | 1108 | (330) | 1230 |
|  | **2178** | **1775** | **(403)** | **1708** | **2997** | **2555** | **(442)** | **2416** |
| **Other revenue** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Post-secondary education fees | 1915 | 1881 | (34) | 2040 | 2733 | 2691 | (42) | 2911 |
| &nbsp;&nbsp;&nbsp;Other Fees and licenses <sup>5</sup> | 1802 | 1918 | 116 | 1857 | 2539 | 2607 | 68 | 2557 |
| &nbsp;&nbsp;&nbsp;Investment earnings | 1321 | 1501 | 180 | 1664 | 1815 | 1823 | 8 | 2159 |
| &nbsp;&nbsp;&nbsp;Miscellaneous <sup>6</sup> | 3430 | 6968 | 3538 | 3772 | 4932 | 7657 | 2725 | 5460 |
|  | **8468** | **12268** | **3800** | **9333** | **12019** | **14778** | **2759** | **13087** |
| **Contributions from the federal government** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Health and social transfers | 7433 | 7371 | (62) | 7155 | 9911 | 9822 | (89) | 9542 |
| &nbsp;&nbsp;&nbsp;Other federal government contributions <sup>7</sup> | 3021 | 2479 | (542) | 2316 | 5366 | 4788 | (578) | 4765 |
|  | **10454** | **9850** | **(604)** | **9471** | **15277** | **14610** | **(667)** | **14307** |
| **Commercial Crown corporation net income** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Hydro | 316 | 353 | 37 | 324 | 712 | 712 |  | 587 |
| &nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 846 | 816 | (30) | 891 | 1027 | 950 | (77) | 1094 |
| &nbsp;&nbsp;&nbsp;BC Lottery Corporation <sup>8</sup> | 940 | 966 | 26 | 984 | 1279 | 1269 | (10) | 1295 |
| &nbsp;&nbsp;&nbsp;ICBC | 656 | 837 | 181 | 1222 | 800 | 800 |  | 1653 |
| &nbsp;&nbsp;&nbsp;Other <sup>9</sup> | 144 | 159 | 15 | 147 | 193 | 184 | (9) | 161 |
|  | **2902** | **3131** | **229** | **3568** | **4011** | **3915** | **(96)** | **4790** |
| **Total revenue** | **60787** | **62665** | **1878** | **59862** | **84003** | **85082** | **1079** | **84046** |

---

<sup>1</sup> Restated to reflect government's current accounting policies.

<sup>2</sup> Includes provincial sales tax and HST/PST housing transition tax related to prior years.

<sup>3</sup> includes only revenue related to output-based pricing system.

<sup>4</sup> Columbia River Treaty, other energy and minerals, water rental and other resources.

<sup>5</sup> Healthcare-related, motor vehicle, and other fees.

<sup>6</sup> Miscellaneous revenue includes $2.725 billion in 2025/26 in relation to the tobacco settlement.

<sup>7</sup> Includes contributions for health, education, community development, housing and social service programs, and transportation projects.

<sup>8</sup> Net of payments to the federal government and payments to the BC First Nations Gaming Revenue Sharing Limited Partnership in accordance with section 14.3 of the *Gaming Control Act (B.C.).*

<sup>9</sup> Includes Columbia Power Corporation, BC Railway Company, Columbia Basin power projects, and post-secondary institutions' self-supported subsidiaries.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 129

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.8 2025/26 Expense by Function**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget | Actual | Variance | 2024/25 <sup>1</sup> | Budget <sup>1</sup> | Forecast | Variance | 2024/25 <sup>1</sup> |
| Health <sup>2</sup> | 31893 | 28462 | (3431) | 27814 | 38905 | 39017 | 112 | 38066 |
| Education <sup>3</sup> | 14600 | 14246 | (354) | 13934 | 19791 | 19716 | (75) | 19562 |
| Social services | 8490 | 7894 | (596) | 7904 | 11255 | 10520 | (735) | 10841 |
| Protection of persons and property | 1928 | 2025 | 97 | 2027 | 2616 | 2940 | 324 | 3129 |
| Transportation | 2011 | 1904 | (107) | 1760 | 2885 | 2699 | (186) | 2921 |
| Natural resources and economic development | 2901 | 3550 | 649 | 4089 | 4519 | 4564 | 45 | 6116 |
| Other | 2974 | 2547 | (427) | 2279 | 3418 | 3419 | 1 | 4017 |
| Contingencies <sup>4</sup> |  |  |  |  | 4000 | 4000 |  |  |
| General government | 1458 | 2211 | 753 | 1882 | 2466 | 2782 | 316 | 2496 |
| Debt servicing | 3755 | 3577 | (178) | 3175 | 5060 | 5039 | (21) | 4245 |
| **Total expense** | **70011** | **66416** | **(3595)** | **64864** | **94915** | **94696** | **(219)** | **91393** |

---

<sup>1</sup> Restated to reflect government's current organization and accounting policies as at December 31, 2025.

<sup>2</sup> Payments for healthcare services by the Ministry of Social Development and Poverty Reduction and the Ministry of Children and Family Development made on behalf of their clients are reported in the Health function.

<sup>3</sup> Payments for training costs by the Ministry of Social Development and Poverty Reduction made on behalf of its clients are reported in the Education function.

<sup>4</sup> Contingencies for the prior fiscal year are reported in the relevant functions; the current year forecast is not yet allocated to functions.

130 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.9 2025/26 Capital Spending**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget | Actual | Variance | 2024/25 | Budget | Forecast | Variance | 2024/25 |
| **Taxpayer-supported** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Education |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School districts | 1060 | 1061 | 1 | 843 | 1508 | 1377 | (131) | 1199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 1143 | 814 | (329) | 1022 | 1708 | 1484 | (224) | 1527 |
| &nbsp;&nbsp;&nbsp;Health | 2650 | 1682 | (968) | 1707 | 5009 | 3713 | (1296) | 3226 |
| &nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 3927 | 3099 | (828) | 2334 | 5069 | 4027 | (1042) | 3013 |
| &nbsp;&nbsp;&nbsp;BC Transit | 209 | 197 | (12) | 109 | 289 | 295 | 6 | 151 |
| &nbsp;&nbsp;&nbsp;Government ministries | 385 | 223 | (162) | 276 | 653 | 562 | (91) | 468 |
| &nbsp;&nbsp;&nbsp;Social housing <sup>1</sup> | 593 | 526 | (67) | 403 | 888 | 775 | (113) | 603 |
| &nbsp;&nbsp;&nbsp;Other | 182 | 137 | (45) | 140 | 250 | 234 | (16) | 192 |
| &nbsp;&nbsp;&nbsp;**Total taxpayer-supported** | **10149** | **7739** | **(2410)** | **6834** | **15374** | **12467** | **(2907)** | **10379** |
| **Self-supported** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Hydro | 3198 | 2772 | (426) | 3037 | 4469 | 4288 | (181) | 4015 |
| &nbsp;&nbsp;&nbsp;Columbia Basin power projects <sup>2</sup> | 14 | 11 | (3) | 9 | 18 | 18 |  | 16 |
| &nbsp;&nbsp;&nbsp;BC Railway Company | 3 | 3 |  | 3 | 5 | 4 | (1) | 4 |
| &nbsp;&nbsp;&nbsp;ICBC | 30 | 23 | (7) | 34 | 199 | 178 | (21) | 43 |
| &nbsp;&nbsp;&nbsp;BC Lottery Corporation <sup>3</sup> | 79 | 39 | (40) | 57 | 105 | 98 | (7) | 100 |
| &nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 25 | 6 | (19) | 14 | 32 | 20 | (12) | 22 |
| &nbsp;&nbsp;&nbsp;Other <sup>4</sup> | - | - | - | - | - | - | - | 202 |
| &nbsp;&nbsp;&nbsp;**Total self-supported** | **3349** | **2854** | **(495)** | **3154** | **4828** | **4606** | **(222)** | **4402** |
| &nbsp;&nbsp;&nbsp;**Total capital spending** | **13498** | **10593** | **(2905)** | **9988** | **20202** | **17073** | **(3129)** | **14781** |

---

<sup>1</sup> Includes BC Housing Management Commission.

<sup>2</sup> Joint ventures of the Columbia Power Corporation and Columbia Basin Trust.

<sup>3</sup> Excludes right-of-use assets except for 2024/25 full year actual.

<sup>4</sup> Includes post-secondary institutions' self-supported subsidiaries.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 131

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.10 2025/26 Provincial Debt <sup>1</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Year-to-Date to December 31 | Full Year | Full Year | Full Year | Full Year |
|  | 2025/26 | 2025/26 | 2025/26 | Actual | 2025/26 | 2025/26 | 2025/26 | Actual |
| ($ millions) | Budget | Actual | Variance | 2024/25 | Budget | Forecast | Variance | 2024/25 |
| **Taxpayer-supported debt** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Provincial government** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating | 28000 | 30899 | 2899 | 17796 | 29703 | 31866 | 2163 | 24516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital <sup>2</sup> | 49830 | 48879 | (951) | 43822 | 52268 | 51330 | (938) | 45539 |
| &nbsp;&nbsp;&nbsp;**Total provincial government** | 77830 | 79778 | 1948 | 61618 | 81971 | 83196 | 1225 | 70055 |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported entities |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 28000 | 26975 | (1025) | 23912 | 29775 | 27979 | (1796) | 24078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 2376 | 2296 | (80) | 2350 | 2287 | 2281 | (6) | 2333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 982 | 1005 | 23 | 908 | 984 | 1000 | 16 | 976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social housing <sup>3</sup> | 2237 | 1569 | (668) | 1220 | 2584 | 1642 | (942) | 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 619 | 433 | (186) | 407 | 1118 | 442 | (676) | 410 |
| &nbsp;&nbsp;&nbsp;Total taxpayer-supported entities | 34214 | 32278 | (1936) | 28797 | 36748 | 33344 | (3404) | 29034 |
| **Total taxpayer-supported debt** | **112044** | **112056** | **12** | **90415** | **118719** | **116540** | **(2179)** | **99089** |
| **Self-supported debt** | **36938** | **37015** | **77** | **34585** | **37913** | **37519** | **(394)** | **34788** |
| **Total provincial debt** | **148982** | **149071** | **89** | **125000** | **156632** | **154059** | **(2573)** | **133877** |

---

<sup>1</sup> Provincial debt is prepared in accordance with Generally Accepted Accounting Principles and presented consistent with the Debt Summary Report included in the *Public Accounts*. Debt is shown net of sinking funds and unamortized discounts, excludes accrued interest and foreign exchange adjustments, and includes non-guaranteed debt directly incurred by commercial Crown corporations and debt guaranteed by the Province.

<sup>2</sup> Includes debt incurred by the government to fund the building of capital assets in the education, health, social housing and other sectors.

<sup>3</sup> Includes debt incurred by BC Housing Management Commission to fund investments in affordable housing. The debt forecast reflects projects that have been approved as of December 2025.

132 \| Budget and Fiscal Plan - 2026/27 to 2028/29

2025/26 Updated Financial Forecast *(Third Quarterly Report)*

**Table 4.11 2025/26 Statement of Financial Position**

---

| | | | |
|:---|:---|:---|:---|
| ($ millions) | Actual<br> March 31,<br> 2025 | Year-to-Date<br> December 31,<br> 2025 | Forecast<br> March 31,<br> 2026 |
| **Financial assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and temporary investments | 13341 | 11156 | 8555 |
| &nbsp;&nbsp;&nbsp;Other financial assets | 24071 | 26836 | 27517 |
| &nbsp;&nbsp;&nbsp;Sinking funds | 562 | 578 | 363 |
| &nbsp;&nbsp;&nbsp;Investments in commercial Crown corporations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 16985 | 18293 | 18629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoverable capital loans | 33577 | 35517 | 35736 |
| &nbsp;&nbsp;&nbsp;Total investments in commercial Crown corporations | 50562 | 53810 | 54365 |
| **Total financial assets** | **88536** | **92380** | **90800** |
| **Liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable, accrued liabilities and others | 24395 | 20930 | 24154 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 16213 | 17930 | 17721 |
| &nbsp;&nbsp;&nbsp;Debt: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported debt | 99089 | 112056 | 116540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Self-supported debt | 34788 | 37015 | 37519 |
| &nbsp;&nbsp;&nbsp;Total provincial debt | 133877 | 149071 | 154059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add*: debt offset by sinking funds | 562 | 578 | 363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add*: foreign exchange adjustments | 2434 | 1327 | 1803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: guarantees and non-guaranteed debt | (1639) | (1616) | (1789) |
| &nbsp;&nbsp;&nbsp;Financial statement debt | 135234 | 149360 | 154436 |
| **Total liabilities** | **175842** | **188220** | **196311** |
| **Net liabilities** | **(87306)** | **(95840)** | **(105511)** |
| **Capital and other non-financial assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Tangible capital assets | 72736 | 78078 | 81961 |
| &nbsp;&nbsp;&nbsp;Other non-financial assets | 4560 | 4681 | 4669 |
| **Total capital and other non-financial assets** | **77296** | **82759** | **86630** |
| **Accumulated deficit** | **(10010)** | **(13081)** | **(18881)** |

---

**Changes in Financial Position**

---

| | | |
|:---|:---|:---|
| ($ millions) | Year-to-Date<br> December 31,<br> 2025 | Forecast<br> March 31,<br> 2026 |
| **Deficit for the period** | **3751** | **9614** |
| &nbsp;&nbsp;&nbsp;Change in remeasurement (gains) losses | (680) | (743) |
| Increase in accumulated deficit | 3071 | 8871 |
| **Capital and other non-financial asset changes:** |  |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported capital investments | 7739 | 12467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: amortization and other accounting changes | (2397) | (3242) |
| &nbsp;&nbsp;&nbsp;Increase in net capital assets | 5342 | 9225 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in other non-financial assets | 121 | 109 |
| Increase in capital and other non-financial assets | 5463 | 9334 |
| **Increase in net liabilities** | **8534** | **18205** |
| **Investment and working capital changes:** |  |  |
| &nbsp;&nbsp;&nbsp;Investment in commercial Crown corporations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in retained earnings | 1308 | 1644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Self-supported capital investments | 2854 | 4606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: loan repayments and other accounting changes | (914) | (2447) |
| &nbsp;&nbsp;&nbsp;Increase in investment in commercial Crown corporations | 3248 | 3803 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in cash and temporary investments | (2185) | (4786) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in other working capital | 4529 | 1980 |
| **Increase (decrease) in investment and working capital** | **5592** | **997** |
| **Increase in financial statement debt** | **14126** | **19202** |
| &nbsp;&nbsp;&nbsp;Change in sinking fund debt and foreign exchange adjustments | 1091 | 830 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in guarantees and non-guaranteed debt | (23) | 150 |
| **Increase in total provincial debt** | **15194** | **20182** |

---

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 133

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**APPENDIX**

---

| | | |
|:---|:---|:---|
| A1 | Tax Expenditures | 137 |
| A1.1.1 | Personal Income Tax - Tax Expenditures (Refundable Tax Credits) | 139 |
| A1.1.2 | Corporate Income Tax - Tax Expenditures (Refundable Tax Credits) | 140 |
| A1.2.1 | Personal Income Tax - Tax Expenditures (Deductions and Non-Refundable Tax Credits) | 141 |
| A1.2.2 | Corporate Income Tax - Tax Expenditures (Deductions and Non-Refundable Tax Credits) | 143 |
| A1.3 | Property Taxes - Tax Expenditures | 143 |
| A1.4 | Consumption Taxes - Tax Expenditures | 145 |
| A1.5 | Employer Health Tax - Tax Expenditures | 146 |
| A1.6 | Insurance Premium Tax - Tax Expenditures | 146 |
| A2 | Interprovincial Comparisons of Tax Rates - 2026 | 147 |
| A3 | Comparison of Provincial and Federal Taxes by Province - 2026 | 148 |
| A3.1 | Comparison of Property Taxes - 2025 | 150 |
| A4 | Interprovincial Comparisons of Provincial Personal Income Taxes Payable - 2026 | 151 |
| A5 | Material Assumptions - Revenue | 153 |
| A6 | Natural Gas Price Forecasts - 2026/27 to 2028/29 | 159 |
| A7 | Material Assumptions - Expense | 160 |
| A8 | Operating Statement - 2019/20 to 2028/29 | 163 |
| A9 | Revenue by Source - 2019/20 to 2028/29 | 164 |
| A10 | Revenue by Source Supplementary Information - 2019/20 to 2028/29 | 165 |
| A11 | Expense by Function - 2019/20 to 2028/29 | 166 |
| A12 | Expense by Function Supplementary Information - 2019/20 to 2028/29 | 167 |
| A13 | Full-Time Equivalents (FTEs) 2019/20 to 2028/29 | 168 |
| A14 | Capital Spending - 2019/20 to 2028/29 | 169 |
| A15 | Statement of Financial Position - 2019/20 to 2028/29 | 170 |
| A16 | Changes in Financial Position - 2019/20 to 2028/29 | 171 |
| A17 | Provincial Debt - 2019/20 to 2028/29 | 172 |
| A18 | Provincial Debt Supplementary Information - 2019/20 to 2028/29 | 173 |
| A19 | Key Provincial Debt Indicators - 2019/20 to 2028/29 | 174 |

---

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Appendix

**A1: Tax Expenditures**

**Introduction**

Tax expenditures reduce the amount of tax a taxpayer pays and are used to deliver government programs or benefits through the tax system. Tax expenditures are usually made by offering special tax rates, exemptions or credits. Governments introduce tax expenditures primarily to achieve social policy objectives such as transfers to lower-income families or to promote economic development and job creation.

Reporting tax expenditures improves government accountability by providing a more complete picture of government activities. Beginning with *Budget 2012*, refundable tax transfers are accounted for in a voted appropriation. For transparency and consistency with previous tax expenditure reports, Tables A1.1.1 and A1.1.2 also report on these tax transfers.

**The Role of Tax Expenditure Programs**

Using the tax system to deliver programs can reduce administration costs and compliance costs for recipients. In certain situations, the tax system allows intended beneficiaries to be readily identified from information that is already collected. In these cases, setting up a separate expenditure program would result in costly overlap and duplication of effort. An example is the B.C. family benefit, which is delivered through the income tax system by the Canada Revenue Agency. If this were a direct provincial expenditure program, a provincial agency or office would have to be established to duplicate much of the work already done by the Canada Revenue Agency. In addition, it would require individuals to undertake a separate, time-consuming application process to qualify for the benefit.

There are several potential drawbacks to tax expenditure programs. First, their overall cost often receives less public scrutiny than is the case for spending programs because annual budget appropriations by the legislature are not typically required. Second, tax expenditure programs do not always effectively target those who are intended to benefit from them. Some tax expenditure programs that are intended to provide tax relief for lower-income earners may, in reality, provide the greatest benefit to higher-income earners who pay the most taxes. Finally, costs are often more difficult to control under a tax expenditure program because the benefits tend to be more open-ended and enforcement is often more difficult than for spending programs.

**Tax Expenditure Reporting**

Not all tax reductions, credits, exemptions, and refunds are classed as tax expenditures.

The emphasis is on tax reductions, credits, exemptions, and refunds that are close equivalents to spending programs. By implication, the list does not include tax measures designed to meet broad tax policy objectives such as improving fairness in the tax system or measures designed to simplify the administration of a tax. The list also does not include anything that is not intended to be part of a tax base.

Tax expenditures that cost less than $2 million annually are generally not included. Where practical, smaller items have been presented together as an aggregate figure or have been excluded to ensure taxpayer confidentiality is maintained.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 137

Appendix

**British Columbia Tax Expenditures**

Tables A1.1.1 to A1.6 report tax expenditure estimates.

The cost of individual tax expenditures cannot be added together to reach a total tax expenditure figure for two reasons: in some cases, the programs interact with one another so that eliminating one program could increase or decrease the cost of another; and eliminating certain tax expenditure programs could change the choices taxpayers make, which in turn would affect the cost estimates.

The estimates for each tax expenditure are based on a static analysis of the costs and do not consider any behavioural changes, which could change the costs over time. In addition, estimates are generally recalculated each year using current data sources and using refinements to the methods of estimation, which can result in significant changes to the value of a given tax expenditure from prior years' reports.

Tables A1.1.1 and A1.1.2 list tax programs delivered through refundable personal and corporate income tax credits, respectively. Refundable tax credits can be used to reduce income tax liabilities with any remainder refunded to the taxpayer. These tax credits are reported in a voted appropriation.

Tables A1.2.1 and A1.2.2 list tax expenditures that are deductions, exemptions, or non refundable tax credits for personal and corporate income tax, respectively. Deductions reduce taxable income, whereas non-refundable tax credits can only be used to reduce income taxes payable. The tables include both provincial measures and federal measures. Federal measures are deductions and exemptions that reduce B.C. income tax. Under the tax collection agreement between B.C. and the federal government, the federal government has sole responsibility for determining income subject to tax, including B.C. tax.

Table A1.3 lists property tax exemptions and grants. Property tax exemptions can reduce the tax owing or remove a property from taxation. Grants reduce the final tax owing and may be refunded after full payment has been received. Exemptions are used to define the tax base; estimates for property tax expenditures for government entities, municipalities, colleges, schools, hospitals, and similar public facilities are not shown.

Table A1.4 lists consumption tax exemptions. Fuel tax estimates include point-of-sale exemptions for certain individuals and businesses, and refunds if fuel is purchased then subsequently used for an exempt purpose. Provincial sales tax exemptions are typically point-of-sale exemptions and either apply to everyone at the point of sale or apply in certain circumstances with appropriate documentation.

Table A1.5 reports employer health tax expenditures.

Table A1.6 reports an insurance premium tax exemption for marine insurance.

More information on British Columbia tax expenditures in Tables A1.1.1 to A1.6 can be found at <u>https://www2.gov.bc.ca/gov/content/taxes</u>. Information on federal tax expenditures in Tables A1.2.1 and A1.2.2 can be found at <u>https://www.canada.ca/en/services/taxes/income-tax.html</u>.

138 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A1.1.1 Personal Income Tax - Tax Expenditures (Refundable Tax Credits)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost<sup>1</sup> | 2025/26<br> Estimated Cost<sup>2</sup> | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **B.C. Family Benefit** | 696 | 579 | 520 |
| &nbsp;&nbsp;&nbsp;• Tax-free monthly payment made to eligible families to help with the cost of raising children under age 18. |  |  |  |
| &nbsp;&nbsp;&nbsp;• The maximum benefit was increased July 2023 to $1,750 for a family's first child, $1,100 for a second child, and $900 for each subsequent child. |  |  |  |
| &nbsp;&nbsp;&nbsp;• A temporary B.C. Family Benefit Bonus was paid out to eligible families from July 2024 to June 2025. |  |  |  |
| &nbsp;&nbsp;&nbsp;• *Budget 2026* introduces a new disability supplement of $6,000 per eligible child for qualifying families. |  |  |  |
| **Climate action tax credit** | 980 | 310 |  |
| &nbsp;&nbsp;&nbsp;• Helped offset the impact of the carbon taxes paid by low- to moderate-income individuals and families. |  |  |  |
| &nbsp;&nbsp;&nbsp;• The benefit varied based on the composition of the family and their family net income. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2008 with the carbon tax. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Eliminated April 1, 2025 with the removal of the carbon tax. |  |  |  |
| **Home renovation tax credit for seniors and persons with disabilities** | 2 | 2 | 3 |
| &nbsp;&nbsp;&nbsp;• Assists eligible individuals 65 and over and persons with disabilities with the cost of certain permanent home renovations to improve accessibility, functionality, or mobility at home. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Recipients may receive up to 10 per cent of qualifying renovation expenses, up to a maximum of $10,000 of qualifying renovation expenses. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2012. |  |  |  |
| **Renter's tax credit** | 90 | 260 | 232 |
| &nbsp;&nbsp;&nbsp;• Provides low- to moderate-income households that rent with an income-tested refundable income tax credit of up to $400. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2023. |  |  |  |
| **Sales tax credit** | 35 | 37 | 42 |
| &nbsp;&nbsp;&nbsp;• Helps offset the cost of provincial sales tax for low-income individuals and families. |  |  |  |
| &nbsp;&nbsp;&nbsp;• The maximum benefit is $75 for individuals and $150 for couples. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Reintroduced in 2013 in conjunction with reimplementation of the provincial sales tax. |  |  |  |
| **Small business venture capital tax credit** | 11 | 38 | 40 |
| &nbsp;&nbsp;&nbsp;• Encourages investors to make early-stage equity investments that help B.C. small businesses develop and grow. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Individuals receive a credit of up to 30 per cent of their investment and may claim a benefit of up to $300,000 from the 2025 tax year (previously $120,000). |  |  |  |
| &nbsp;&nbsp;&nbsp;• Budget 2025 temporarily increased the tax credit budget by $15 million for the 2025 to 2028 tax years to support additional investments across all sectors. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 1979. |  |  |  |
| **Training tax credits<sup>3</sup>** | 7 | 9 | 10 |
| &nbsp;&nbsp;&nbsp;• Provides refundable income tax credits for apprentices based on the apprenticeship level completed. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Provides refundable income tax credits for employers of up to 15 per cent of apprentices' salaries. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2007. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Sunset date of December 31, 2028. |  |  |  |

---

<sup>1</sup> Figures include prior year adjustments of -$113 million for the renter's tax credit, -$10 million for the sales tax credit, -$19 million for the small business venture capital tax credit, and -$4 million for the training tax credit.

<sup>2</sup> Figures include prior year adjustments of -$1 million for the home renovation tax credit for seniors and persons with disabilities, $30 million for the renter's tax credit, -$5 million for the sales tax credit, -$2 million for the small business venture capital tax credit, and -$1 million for the training tax credit.

<sup>3</sup> Training tax credits for corporations are listed in Table A1.1.2. The training tax credit for individuals includes tax credits for apprentices and unincorporated employers.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 139

Appendix

**Table A1.1.2 Corporate Income Tax - Tax Expenditures (Refundable Tax Credits)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost<sup>1</sup> | 2025/26<br> Estimated Cost<sup>2</sup> | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Book publishing tax credit** | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;• Supports book publishers that carry out business primarily in British Columbia. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2003. |  |  |  |
| &nbsp;&nbsp;&nbsp;• *Budget 2026* removes sunset date of March 31, 2026. |  |  |  |
| **Film Incentive B.C. tax credit** | 138 | 161 | 176 |
| &nbsp;&nbsp;&nbsp;• Supports film and television productions in British Columbia. The Film Incentive B.C. tax credit is for domestic productions meeting Canadian content requirements. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Basic, regional location, and film training tax credits were introduced in 1998. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Digital animation and visual effects tax credit was introduced in 2008 and expanded to post-production activities in 2015. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Distant location tax credit was introduced in 2009. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Scriptwriting tax credit was introduced in 2018. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Tax credit does not have a sunset date. |  |  |  |
| &nbsp;&nbsp;&nbsp;• The basic credit was increased from 35 per cent to 40 per cent for productions with principal photography starting on or after January 1, 2025. |  |  |  |
| **Production services tax credit** | 814 | 420 | 751 |
| &nbsp;&nbsp;&nbsp;• Supports film and television productions in British Columbia. The production services tax credit is available to both domestic and foreign producers. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 1998. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Regional location tax credit and digital animation and visual effects (DAVE) tax credit introduced in 2008. Post-production activities became eligible for the DAVE credit in 2015. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Distant location tax credit was introduced in 2009. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Major production tax credit was introduced in 2025. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Tax credit does not have a sunset date. |  |  |  |
| &nbsp;&nbsp;&nbsp;• The basic credit was increased from 28 per cent to 36 per cent for productions with principal photography starting on or after January 1, 2025. |  |  |  |
| **Interactive digital media tax credit** | 126 | 168 | 163 |
| &nbsp;&nbsp;&nbsp;• Supports the development of interactive digital media products in British Columbia. |  |  |  |
| &nbsp;&nbsp;&nbsp;• In 2017, eligibility was expanded to small business venture capital corporations, and principal business requirements were relaxed for corporations with annual qualifying B.C. labour expenditures greater than $2 million. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2010. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Sunset date for tax credit removed in *Budget 2025*. |  |  |  |
| **Mining exploration tax credit** | 48 | 73 | 60 |
| &nbsp;&nbsp;&nbsp;• Supports eligible corporations conducting grassroots mineral exploration in British Columbia. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced for expenditures incurred after July 31, 1998; expanded to active partners in partnerships effective after March 31, 2003; enhanced for prescribed areas effective after February 20, 2007. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Tax credit does not have a sunset date. |  |  |  |
| **Scientific research and experimental development tax credit <sup>3</sup>** | 118 | 150 | 150 |
| &nbsp;&nbsp;&nbsp;• Supports research and development carried on in British Columbia. |  |  |  |
| &nbsp;&nbsp;&nbsp;• *Budget 2026* restores the eligibility of capital expenditures, increases the expenditure and taxable capital phase-out thresholds, and expands the eligibility of the refundable tax credit to eligible Canadian public corporations. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 1999. |  |  |  |
| &nbsp;&nbsp;&nbsp;• *Budget 2026* removes sunset date of August 31, 2027. |  |  |  |

---

<sup>1</sup> Figures include prior year adjustments of -$14 million for the Film Incentive BC tax credit, $25 million for the production services tax credit, -$10 million for the interactive digital media tax credit, -$12 million for the mining exploration tax credit, and $2 million for the scientific research and experimental development tax credit.

<sup>2</sup> Figures include prior year adjustments of -$1 million for the Film Incentive BC tax credit, -$264 million for the production services tax credit, $14 million for the interactive digital media tax credit, $13 million for the mining exploration tax credit, and $8 million for the scientific research and experimental development tax credit.

<sup>3</sup> The scientific research and experimental development tax credit has a non-refundable component, which is reported in Table A1.2.2.

![](tm265823d1_ex99-5imgv003.jpg)

140 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A1.1.2 Corporate Income Tax - Tax Expenditures (Refundable Tax Credits) (continued)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost<sup>1</sup> | 2025/26<br> Estimated Cost<sup>2</sup> | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| Training tax credits <sup>3</sup> | 7 | 9 | 10 |
| &nbsp;&nbsp;&nbsp;• Provides refundable income tax credits for employers of up to 30 per cent of apprentices' salaries. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Includes tax credit for shipbuilding and ship repair industry. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2007. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Sunset date of December 31, 2027. |  |  |  |

---

<sup>1</sup> Training tax credits for individuals are reported in Table A1.1.1.

<sup>2</sup> Figures include prior year adjustments of -$3 million for the training tax credit.

<sup>3</sup> Figures include prior year adjustments of -$1 million for the training tax credit.

**Table A1.2.1 Personal Income Tax - Tax Expenditures (Deductions and Non-Refundable Tax Credits)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost | 2025/26<br> Estimated Cost | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Provincial Measures** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Age tax credit** | 104 | 109 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an income-tested tax credit to seniors. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**B.C. caregiver tax credit** | 8 | 8 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who care for family members with a disability. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2018 in response to changes to the federal caregiver tax credit. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Canada Pension Plan tax credit** | 274 | 287 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who make Canada Pension Plan contributions. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Charitable donations tax credit** | 391 | 399 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who make charitable donations to registered charities and eligible donees. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Disability tax credit** | 67 | 71 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to persons with a disability. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Employment Insurance tax credit** | 84 | 88 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who pay Employment Insurance premiums. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Medical expense tax credit** | 110 | 115 | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who incur sufficient qualifying medical expenses. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Mining flow-through share tax credit** | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who invest in flow-through shares on renounced mining expenditures. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2001. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Pension tax credit** | 34 | 35 | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who receive amounts from private pension plans. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Political contribution tax credit** | 4 | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who donate to provincial political parties, constituency associations, or candidates. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. Prior to 2000, B.C. had a similar deduction rather than a credit. |  |  |  |

---

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 141

Appendix

**Table A1.2.1 Personal Income Tax - Tax Expenditures (Deductions and Non-Refundable Tax Credits) (continued)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost | 2025/26<br> Estimated Cost | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Provincial Measures (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Spousal and eligible dependant tax credits** | 124 | 130 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to individuals who have a low-income spouse or to single parents who support a minor child. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Tuition tax credit** | 94 | 98 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit for tuition paid to a post-secondary institution. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Costs also include education tax credit amounts that have been carried forward in respect of studies prior to the elimination of that tax credit in 2019. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unused tax credits may be carried forward to future years. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2000. |  |  |  |
| **Federal Measures <sup>1</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Child care expense deduction** | 64 | 62 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allows families to deduct child care costs from taxable income. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1972. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Non-taxation of business-paid health and dental benefits** | 257 | 268 | 281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides that private health and dental benefits are not taxed. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1948. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Northern residents deduction** | 18 | 18 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a deduction to individuals living in northern communities. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1987. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Pension income splitting** | 119 | 128 | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allows for spouses to split pension income, other than income from the Canada Pension Plan and Old Age Security. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2007. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Registered pension plans** | 1322 | 1341 | 1370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allows amounts contributed to a pension plan to be deducted from taxable income. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1919. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Registered retirement savings plans (RRSPs)** | 784 | 788 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allows amounts contributed to an RRSP to be deducted from taxable income. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1957. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Tax-free savings accounts (TFSAs)** | 267 | 314 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allows for investment income to be earned tax-free within a TFSA. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2009. |  |  |  |

---

<sup>1</sup> These items show the foregone provincial revenue resulting from federal measures. Each measure is calculated from the 2025 federal cost projections as reported in the Government of Canada's *Report on Federal Tax Expenditures 2025* by applying British Columbia residents' share of the measure and the relevant tax rates. Certain tax expenditure items have been excluded where no data is available or the amounts are immaterial.

142 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A1.2.2 Corporate Income Tax - Tax Expenditures (Deductions and Non-Refundable Tax Credits)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost | 2025/26<br> Estimated Cost | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Provincial Measures** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Small business venture capital tax credit** | 6 | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• See description under Table A1.1.1. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Corporations receive a credit of up to 30 per cent of their investment. There is no annual limit on the benefit that can be claimed. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Scientific research and experimental development tax credit <sup>1</sup>** | 198 | 128 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• See description under Table A1.1.2. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Small business corporate income tax rate** | 1750 | 1745 | 1860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a reduced income tax rate for Canadian-controlled private corporations on active business income up to $500,000. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Includes savings for credit unions, which are also reported below. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1975. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Small business corporate income tax rate for credit unions** | 12 | 12 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a reduced income tax rate for credit unions on a portion of taxable income. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1977. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• This tax credit expenditure reflects the savings provided to credit unions from the small business rate. |  |  |  |
| **Federal Measure <sup>2</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Charitable donations deduction** | 90 | 87 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generally permits corporations to deduct charitable donations made to registered charities up to a maximum of 75 per cent of the corporation's taxable income. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The limit may be exceeded for donations of certain items. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Encourages corporations to make donations to charities. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1929 for certain charities, and expanded to all charities by 1933. |  |  |  |

---

<sup>1</sup> The scientific research and experimental development tax credit has a refundable component, which is reported in Table A1.1.2.

<sup>2</sup> The deduction for corporate charitable donations is a federal measure but the estimate shows only the foregone provincial revenue. This is calculated from the 2025 federal cost projection as reported in the Government of Canada's *Report on Federal Tax Expenditures 2025* by applying British Columbia's share of corporate taxable income and the relevant tax rates to the federal estimate.

**Table A1.3 Property Taxes - Tax Expenditures**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25<br> Actual Cost | 2025/26<br> Estimated Cost | 2026/27<br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **School and Rural Area Property Tax** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Assessment exemption of $10,000 for business properties <sup>1</sup>** | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessed improvement values for property tax are reduced by $10,000 for each industrial and business property. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1984. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Overnight tourist accommodation assessment relief <sup>1</sup>** | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduces the taxable assessed value of smaller tourist accommodation properties. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1988. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessment reductions for properties in rural areas were increased in 2016. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Home owner grant** | 914 | 931 | 925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduces property taxes for Canadian citizens and permanent residents of Canada who use the property as their principal residence. The benefit relative to tax paid is greater for lower-valued homes. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The grant is phased out on properties with an assessed value above a threshold value. Low-income seniors and some other low-income individuals may be eligible for a low-income grant supplement if some or all of the grant is reduced because of the phase-out. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The grant is up to $275 higher for seniors, eligible veterans, and persons with disabilities. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The northern and rural home owner benefit will be repealed on January 1, 2027. This benefit, implemented in 2011, provides an additional $200 to eligible home owners outside the Capital, Metro Vancouver, and Fraser Valley regional districts. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1957. |  |  |  |

---

<sup>1</sup> Estimates are for the most recent calendar year of the fiscal year and include only school and rural area property taxes levied by the Province.

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 143

Appendix

**Table A1.3 Property Taxes - Tax Expenditures (continued)**

---

| | | |
|:---|:---|:---|
|  | 2024/25 <br> Actual Cost | 2025/26 <br> Estimated Cost<sup>1</sup> |
|  | ($ millions) | ($ millions) |
| **Property Transfer Tax** |  |  |
| &nbsp;&nbsp;&nbsp;**Exemptions for the following:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**First time home buyers** | 121 | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For qualifying first time home buyers, an exemption from property transfer tax on the first $500,000 of the property's fair market value. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The homeowner must live in the home as their principal residence for at least one year after purchase and the property must have a fair market value of $835,000 or less. A phase-out applies for homes up to $860,000. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1994. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Newly built home** | 96 | 128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For qualifying newly built home buyers, an exemption for property with a fair market value of up to $1,100,000. A partial exemption applies up to $1,150,000. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The homeowner must live in the home for at least one year after purchase. There is no requirement to live in B.C. before the purchase. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2016. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Property transfers between related individuals** | 225 | 234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Longstanding exemption for spousal and intergenerational transfers for principal residences, recreational properties, family farms, and in the event of a division of property due to divorce or marital breakdown. Available to Canadian citizens and permanent residents of Canada. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Property transfers to municipalities, regional districts, hospital districts, library boards, school boards, water districts** | 33 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Longstanding exemption for transfers to specified public bodies. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purpose built rentals** | 4 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exempts qualifying new purpose built rentals from the further 2 per cent and the general property transfer tax. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2024 and 2025, respectively. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Property transfers to charities registered under the *Income Tax Act* (Canada)** | 23 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Longstanding exemption for transfers of properties to a registered charity or a specified individual where the land will be used for a charitable purpose. |  |  |
| **Speculation and Vacancy Tax <sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;**$2,000 tax credit for B.C. residents** | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit of up to $2,000 for owners who are B.C. residents on the first $400,000 of their property value subject to the tax. |  |  |
| &nbsp;&nbsp;&nbsp;**Income tax credit for non-B.C. residents who pay B.C. income tax** | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides a tax credit to reduce a non-B.C. resident's tax payable based on their B.C. income. |  |  |
| &nbsp;&nbsp;&nbsp;**Exemptions for the following:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Recently acquired or inherited property** | 103 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for a property that is purchased or acquired in the calendar year. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Separation or divorce** | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for owners who are going through a separation or divorce. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Death of an owner** | 32 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for owners in the calendar year of an owner's death and the following year. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hazardous or damaged residential property** | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for property that is damaged by natural disaster or is uninhabitable. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Strata accommodation property** | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for property that is a strata hotel. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Daycares** | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for property that is used as a licensed daycare. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Residential care facility** | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax when an owner moves from their principal residence to a residential care facility |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Person with disabilities** | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption from tax for property that is occupied as a principal residence by a person with a disability |  |  |

---

<sup>1</sup> Future costs for the first time home buyers' program and newly built home exemption will vary depending on changes to the thresholds, completion and sale of new homes below the threshold value and by activity of first time buyers in the market. Other property transfer tax exemptions will be more stable over time.

<sup>2</sup> Certain exemptions such as the principal residence exemption, occupied by a tenant exemption, and land under development exemption, are intended to exclude principal residences, rental properties, and properties under development from the tax base.

Costs are for the 2024 calendar year. In calculating the cost of the expenditure, no credits have been applied that an owner may have been entitled to receive had they been assessed tax. The calculations are based on actual exemptions claimed, not what an owner would have otherwise been entitled to claim had they not chosen this particular exemption. Ownership percentage is assumed to be split into equal parts based on the number of owners on title (e.g., if a property has three owners, each owner is assumed to have 1/3 ownership), which may not reflect the true mixture of owner types who jointly own property. The tax rate of either 0.5 per cent or 2 per cent based on their ownership type is then applied to their ownership percentage. All measures were introduced when the tax was introduced in 2018.

144 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A1.4 Consumption Taxes - Tax Expenditures**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25 <br> Estimated Cost<sup>1</sup> | 2025/26 <br> Estimated Cost | 2026/27 <br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Fuel Taxes <sup>2</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Exemption for alternative fuels <sup>3</sup>** | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exempts hydrogen, natural gas, and gasoline and diesel that contain at least 85 per cent methanol from motor fuel tax. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1982. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Exemption for international flights (jet fuel)** | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exempts fuel purchased by interjurisdictional airlines from motor fuel tax. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2012. |  |  |  |
| &nbsp;&nbsp;&nbsp;**Exemptions for farmers** | 20 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exempts coloured gasoline and coloured diesel purchased by qualifying farmers from motor fuel and carbon tax (prior to April 1, 2025). |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 1998 for motor fuel tax and 2014 for carbon tax. |  |  |  |
| **Provincial Sales Tax <sup>4</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Exemptions for the following:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Food for human consumption** | 2019 | 2097 | 2161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of basic necessities. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Production machinery and equipment** | 389 | 375 | 383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to help reduce the cost of certain machinery and equipment for businesses in the manufacturing, oil and gas, mining, and logging industries. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Residential energy other than electricity (e.g., natural gas, fuel oil)** | 120 | 116 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of residential energy. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Residential electricity** | 171 | 184 | 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of residential electricity. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-residential electricity** | 208 | 225 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to help businesses become more competitive and support increased investment, growth, and job creation. Phased in starting January 1, 2018 and fully implemented on April 1, 2019. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Prescription and non-prescription drugs, vitamins, and certain other health care products** | 338 | 351 | 356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of certain drugs, vitamins, and health care products. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Children's clothing and footwear** | 48 | 46 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of clothing and footwear for children under 15. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Clothing patterns and fabrics** | 8 | 8 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of patterns, yarns, natural fibres, threads, and fabric that are commonly used in making or repairing clothing. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Budget 2026* repeals this exemption on October 1, 2026. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specified school supplies** | 46 | 49 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of school supplies. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Books, magazines, and newspapers** | 56 | 57 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of reading material. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Basic landline telephone and cable service** | 26 | 23 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of basic landline telephone and basic cable television service. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Budget 2026* repeals this exemption on October 1, 2026. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**"1-800" and equivalent telephone services** | 2 | 2 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of offering toll-free telephone services. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Budget 2026* repeals this exemption on October 1, 2026. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specified safety equipment** | 70 | 74 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of specified protective gear and safety equipment. |  |  |  |

---

<sup>1</sup> Exemptions are largely point-of-sale exemptions and can only be estimated, unlike expenditures provided through the income or property tax systems.

<sup>2</sup> Estimate is for both motor fuel tax and carbon tax.

<sup>3</sup> Exemption for natural gas began in 1982. The exemption was expanded to include gasoline and diesel with at least 85 per cent methanol in 1992, hydrogen used in a fuel cell vehicle in 2009, and hydrogen used in an internal combustion engine vehicle in 2022.

<sup>4</sup> Estimates are based on internal data, publicly available industry data, and Statistics Canada data. All exemptions for provincial sales tax existed prior to the implementation of the ***Provincial Sales Tax Act*** in 2013 unless otherwise noted.

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 145

Appendix

**Table A1.4 Consumption Taxes - Tax Expenditures (continued)**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25 <br> Estimated Cost<sup>1</sup> | 2025/26 <br> Estimated Cost | 2026/27 <br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Provincial Sales Tax <sup>2</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Exemptions for the following:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Labour to repair major household appliances, clothing, and footwear** | 50 | 53 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of repairing certain essentials. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Livestock for human consumption and feed, seed, and fertilizer** | 88 | 90 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of animals that are part of the food system. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specified energy conservation equipment** | 59 | 61 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of certain energy conservation equipment. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Bicycles and adult-sized tricycles** | 39 | 41 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides exemptions to reduce the cost of bicycles, adult-sized tricycles, and parts and services. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Used zero-emission vehicles** | 42 | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provided an exemption to reduce the cost of used zero-emission vehicles. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2022. Repealed on May 1, 2025. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Heat pumps** | 8 | 8 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provides an exemption to reduce the cost of heat pumps. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Introduced in 2022. |  |  |  |

---

<sup>1</sup> Exemptions are largely point-of-sale exemptions and can only be estimated, unlike expenditures provided through the income or property tax systems.

<sup>2</sup> Estimates are based on internal data, publicly available industry data, and Statistics Canada data. All exemptions for provincial sales tax existed prior to the implementation of the ***Provincial Sales Tax Act*** in 2013 unless otherwise noted.

**Table A1.5 Employer Health Tax - Tax Expenditures**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25 <br> Actual Cost | 2025/26 <br> Estimated Cost | 2026/27 <br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Relief for small businesses, charities, and non-profits** | 458 | 461 | 475 |
| &nbsp;&nbsp;&nbsp;• Provides a tax exemption for employers with B.C. remuneration of $1,000,000 or less, for 2024 onwards. Employers with remuneration above the exemption threshold of $1,000,000 and below $1,500,000 pay a lower effective rate. Employers with remuneration above $1,500,000 pay the full rate. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Charities and not-for-profit employers are exempt on their first $1,500,000 of B.C. remuneration at a qualifying location, and receive a lower effective tax rate on B.C. remuneration of up to $4,500,000 at a qualifying location. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 2019 with the employer health tax. |  |  |  |
| &nbsp;&nbsp;&nbsp;• *Budget 2024* increased the exemption threshold from $500,000 to $1,000,000 for remuneration paid on or after January 1, 2024. |  |  |  |

---

**Table A1.6 Insurance Premium Tax - Tax Expenditures**

---

| | | | |
|:---|:---|:---|:---|
|  | 2024/25 <br> Actual Cost | 2025/26 <br> Estimated Cost | 2026/27 <br> Planned Cost |
|  | ($ millions) | ($ millions) | ($ millions) |
| **Marine Insurance Exemption** | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;• Provides an exemption for marine insurance other than pleasure craft insurance. |  |  |  |
| &nbsp;&nbsp;&nbsp;• Introduced in 1957. |  |  |  |

---

146 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

---

| | |
|:---|:---|
| **Table A2** | **Interprovincial Comparisons of Tax Rates – 2026** |

---

**(Rates known and in effect as of February 1, 2026)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Tax | British<br> Columbia | Alberta | Saskatchewan | Manitoba | Ontario | Quebec | New<br> Brunswick | Nova<br> Scotia | Prince<br> Edward<br> Island | Newfoundland<br> and<br> Labrador |
| Corporate income tax (per cent of taxable income) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General rate | 12 | 8 | 12 | 12 | 11.5 | 11.5 | 14 | 14 | 15 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Manufacturing rate <sup>1</sup> | 12 | 8 | 10 | 12 | 10 | 11.5 | 14 | 14 | 15 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Small business rate | 2 | 2 | 1 | 0 | 3.2 | 3.2 | 2.5 | 1.5 | 1 | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Small business threshold ($000s) | 500 | 500 | 600 | 500 | 500 | 500 | 500 | 700 | 600 | 500 |
| Corporation capital tax (per cent) Financial <sup>2</sup> | *Nil* | *Nil* | 0.7/4 | 6 | 1.25 | 1.25 | 4/5 | 4 | 5 | 6 |
| Payroll tax (per cent) <sup>3</sup> | 1.95 | *Nil* | *Nil* | 2.15 | 1.95 | 4.26 | *Nil* | *Nil* | *Nil* | 2 |
| Insurance premium tax (per cent) <sup>4</sup> | 2/7 | 3/4 | 3/4 | 2/4 | 2/3.5 | 3.3 | 2/3 | 3/4 | 3.75/4 | 5 |
| Fuel tax (cents per litre) <sup>5</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gasoline | 14.5 | 13 | 15 | 12.5 | 17.66 | 31.59 | 22.05 | 25.57 | 20.41 | 19.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diesel | 15 | 13 | 15 | 12.5 | 18.73 | 35.11 | 29.98 | 27.89 | 28.77 | 23.93 |
| Sales tax (per cent) <sup>6</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General rate | 7 | *Nil* | 6 | 7 | 8 | 9.975 | 10 | 9 | 10 | 10 |
| Tobacco tax ($ per carton of 200 cigarettes) <sup>7</sup> | 77.38 | 60.00 | 68.19 | 72.03 | 48.85 | 41.80 | 67.32 | 74.42 | 77.18 | 82.68 |

---

<sup>1</sup> In British Columbia (and some other provinces), the general rate applies to income from manufacturing and processing.

<sup>2</sup> Saskatchewan provides a lower rate for small financial corporations, while Manitoba exempts small financial corporations from taxation. The tax in Ontario and Quebec only applies to life insurance companies. New Brunswick generally applies a 4 per cent tax on financial institutions, with a 5 per cent tax on banks specifically. Saskatchewan, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador each provide capital tax deductions.

<sup>3</sup> Provinces with payroll taxes provide payroll tax relief for small businesses. Quebec levies a compensation tax of up to 2.8 per cent on salaries and wages paid by financial institutions, other than insurance corporations, which are taxed at a rate of 0.3 per cent.

<sup>4</sup> Lower rates apply to premiums for life, sickness, and accident insurance; higher rates apply to premiums for property and other classes of insurance, including automobile insurance. In British Columbia, the highest rate applies to premiums paid to unlicensed insurers. Quebec's rate includes the 0.3 per cent rate of compensation tax levied on insurance corporations. In Saskatchewan, Manitoba, Ontario, Quebec, and Newfoundland and Labrador, sales taxes also apply to certain insurance premiums except, generally, those related to individual life and health.

<sup>5</sup> Tax rates are for regular fuel used on highways and include all provincial taxes payable by consumers at the pump. The British Columbia rates include 6.75 cents per litre dedicated to the BC Transportation Financing Authority. The British Columbia rates do not include regional taxes that increase the gasoline and diesel rates by 18.5 cents per litre in the South Coast British Columbia Transportation Authority service region and by 5.5 cents per litre in the Capital Regional District. The rates for Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador include provincial sales tax based on average pump prices as of January 2026. In Alberta, fuel tax rates, including gas and diesel, are adjusted quarterly based on an average West Texas Intermediate price within a given period. The temporary fuel tax reduction in Newfoundland and Labrador has been included and is in effect until March 31, 2026. Quebec's rates do not include increased or reduced regional tax rates, such as an additional 3 cents per litre on gasoline in the Montreal area.

<sup>6</sup> Tax rates shown are statutory rates. Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador have harmonized their sales taxes with the federal GST. Alberta imposes a 4 per cent tax on short-term rental accommodation.

<sup>7</sup> Includes estimated provincial sales tax / provincial portion of the harmonized sales tax in all provinces except Alberta and Quebec.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 147

Appendix

**Table A3 Comparison of Provincial and Federal Taxes by Province – 2026**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Tax | Tax | **British Columbia** | Alberta | Saskatchewan | Manitoba | Quebec | New<br> Brunswick | Nova<br> Scotia | Prince<br> Edward<br> Island | Newfoundland<br> and<br> Labrador |
| **Two Income Family of Four – $150,000** | **Two Income Family of Four – $150,000** |  |  |  |  | $— |  |  |  |  |
| 1. | Provincial Income Tax | 6198 | 6722 | 7872 | 10805 | 11924 | 10295 | 13581 | 11863 | 11468 |
|  | Net Child Benefits |  |  |  |  | (2611) |  |  |  |  |
| 2. | Sales Tax | 1989 |  | 2744 | 2957 | 4614 | 5431 | 4392 | 5623 | 4331 |
| 3. | Fuel Tax | 380 | 320 | 578 | 410 | 425 | 549 | 544 | 317 | 585 |
| 4. | Total Provincial Tax | 8567 | 7042 | 11194 | 14172 | 14352 | 16275 | 18517 | 17803 | 16384 |
| 5. | Federal Income Tax | 13846 | 13846 | 13846 | 13846 | 13846 | 13846 | 13846 | 13846 | 13846 |
| 6. | Net Federal GST | 2011 | 2109 | 2348 | 2507 | 1918 | 2423 | 2311 | 2453 | 2145 |
| 7. | Total Tax | 24423 | 22996 | 27388 | 30524 | 30116 | 32544 | 34673 | 34102 | 32375 |
| **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** | **Two Income Family of Four – $100,000** |
| 1. | Provincial Income Tax | 2891 | 2984 | 3062 | 5365 | 5733 | 5172 | 6852 | 5748 | 5768 |
|  | Net Child Benefits | (1304) |  |  |  | (4611) |  |  |  |  |
| 2. | Sales Tax | 1387 |  | 1940 | 2084 | 3271 | 3818 | 3116 | 3983 | 3055 |
| 3. | Fuel Tax | 265 | 224 | 408 | 289 | 301 | 386 | 386 | 224 | 413 |
| 4. | Total Provincial Tax | 3239 | 3208 | 5410 | 7738 | 4694 | 9376 | 10353 | 9955 | 9236 |
| 5. | Federal Income Tax | 6570 | 6570 | 6570 | 6570 | 6570 | 6570 | 6570 | 6570 | 6570 |
| 6. | Net Federal GST | 1402 | 1476 | 1660 | 1767 | 1360 | 1704 | 1639 | 1737 | 1513 |
| 7. | Total Tax | 11212 | 11254 | 13640 | 16075 | 12624 | 17650 | 18563 | 18263 | 17319 |
| **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** | **Single Parent with One Child – $70,000** |
| 1. | Provincial Income Tax | 2391 | 1363 | 2376 | 4310 | 6210 | 3717 | 5513 | 4334 | 4802 |
|  | Net Child Benefits | (775) |  |  |  | (3146) |  |  |  |  |
| 2. | Sales Tax | 1908 |  | 1781 | 1973 | 3093 | 3327 | 3601 | 5057 | 3129 |
| 3. | Fuel Tax | 223 | 225 | 455 | 207 | 228 | 344 | 484 | 283 | 456 |
| 4. | Total Provincial Tax | 3746 | 1589 | 4612 | 6491 | 6385 | 7389 | 9598 | 9674 | 8387 |
| 5. | Federal Income Tax | 4257 | 4257 | 4257 | 4257 | 4257 | 4257 | 4257 | 4257 | 4257 |
| 6. | Net Federal GST | 1874 | 2176 | 1552 | 1814 | 1402 | 1464 | 1785 | 1946 | 1543 |
| 7. | Total Tax | 9878 | 8022 | 10422 | 12563 | 12044 | 13110 | 15640 | 15877 | 14187 |
| **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** | **Unattached Individual – $40,000** |
| 1. | Provincial Income Tax | 1152 | 1153 | 1675 | 2311 | 1970 | 1931 | 2751 | 2276 | 2261 |
| 2. | Sales Tax | 847 |  | 985 | 1071 | 1557 | 1599 | 1631 | 1893 | 1129 |
| 3. | Fuel Tax | 90 | 72 | 113 | 76 | 116 | 143 | 118 | 67 | 106 |
| 4. | Total Provincial Tax | 2090 | 1225 | 2773 | 3458 | 3643 | 3674 | 4500 | 4237 | 3496 |
| 5. | Federal Income Tax | 2691 | 2691 | 2691 | 2691 | 2691 | 2691 | 2691 | 2691 | 2691 |
| 6. | Net Federal GST | 270 | 191 | 241 | 365 | 160 | 299 | 289 | 294 | 260 |
| 7. | Total Tax | 5050 | 4107 | 5705 | 6514 | 6494 | 6664 | 7481 | 7222 | 6447 |

---

![](tm265823d1_ex99-5imgv003.jpg)

148 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A3 Comparison of Provincial and Federal Taxes by Province – 2026 (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Tax | Tax | **British Columbia** | Alberta | Saskatchewan | Manitoba | Quebec | New<br> Brunswick | Nova<br> Scotia | Prince<br> Edward<br> Island | Newfoundland<br> and<br> Labrador |
| **Unattached Individual – $100,000** | **Unattached Individual – $100,000** |  |  |  |  | $— |  |  |  |  |
| 1. | Provincial Income Tax | 4786 | 5470 | 7372 | 8209 | 9406 | 8218 | 10383 | 9347 | 8918 |
| 2. | Sales Tax | 1707 |  | 1939 | 2123 | 2999 | 3526 | 3168 | 3996 | 3135 |
| 3. | Fuel Tax | 181 | 144 | 223 | 150 | 224 | 281 | 229 | 130 | 208 |
| 4. | Total Provincial Tax | 6674 | 5614 | 9535 | 10482 | 12629 | 12024 | 13780 | 13473 | 12261 |
| 5. | Federal Income Tax | 11252 | 11252 | 11252 | 11252 | 11252 | 11252 | 11252 | 11252 | 11252 |
| 6. | Net Federal GST | 1603 | 1430 | 1510 | 1766 | 1321 | 1617 | 1584 | 1596 | 1539 |
| 7. | Total Tax | 19528 | 18295 | 22296 | 23499 | 25201 | 24892 | 26615 | 26320 | 25051 |
| **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** | **Senior Couple with Equal Pension Incomes – $60,000** |
| 1. | Provincial Income Tax |  |  |  | 1574 | 701 | 1038 | 1523 | 1252 | 1700 |
| 2. | Sales Tax | 1401 |  | 1591 | 1584 | 3003 | 2893 | 2714 | 3099 | 3207 |
| 3. | Fuel Tax | 267 | 172 | 336 | 205 | 276 | 356 | 342 | 223 | 513 |
| 4. | Total Provincial Tax | 1668 | 172 | 1927 | 3363 | 3981 | 4287 | 4579 | 4575 | 5421 |
| 5. | Federal Income Tax | 404 | 404 | 404 | 404 | 404 | 404 | 404 | 404 | 404 |
| 6. | Net Federal GST | 1315 | 1287 | 1236 | 1220 | 1135 | 1328 | 1307 | 1230 | 1454 |
| 7. | Total Tax | 3386 | 1863 | 3566 | 4986 | 5519 | 6018 | 6290 | 6209 | 7278 |

---

**Personal Income Tax**

&nbsp;&nbsp;&nbsp;&nbsp;• Income
 tax is based on basic personal credits, applicable credits, and typical major deductions
 at each income level. Quebec residents pay federal income tax less an abatement of 16.5
 per cent of basic federal tax. This abatement has been used to reduce Quebec provincial
 tax rather than federal tax, for comparative purposes.

&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount noted for each family is their family total income. Total income is used for these
 tables as it provides a more accurate view of the taxes paid by a family at a particular
 level of earnings. The two-income family of four with $150,000 income is assumed to have
 one adult earning $90,000 and the other $60,000. The family with $100,000 income is assumed
 to have one adult earning $60,000 and the other $40,000. Each adult in the senior couple
 is assumed to receive $30,000. The senior couple is assumed to have pension income, and
 the remaining representative families are assumed to have employment income.

**Net Child Benefits**

&nbsp;&nbsp;&nbsp;&nbsp;• Net
 child benefits are provincial measures affecting payments to families with children.
 Provincial child benefit measures are available in British Columbia (BC Family Benefit),
 Alberta (Alberta Child and Family Benefit), Ontario (Child Benefit), Quebec (Child Assistance
 Payments), New Brunswick (Child Tax Benefit), Nova Scotia (Child Benefit), and Newfoundland
 and Labrador (Child Benefit).

&nbsp;&nbsp;&nbsp;&nbsp;• The
 single parent is assumed to have one child aged 5. The family earning $100,000 income
 is assumed to have two children aged 5 and 7. The family earning $150,000 income is assumed
 to have two children aged 15 and 17.

**Sales and Fuel Taxes**

&nbsp;&nbsp;&nbsp;&nbsp;• Estimates
 are based on expenditure patterns from the Statistics Canada's Social Policy Simulation
 Database and Model (SPSD/M) version 30.3. In estimating individual and family taxable
 consumption, disposable income is reduced by estimated federal income taxes and provincial
 income taxes. In addition, the family at $150,000 income, the family at $100,000 income,
 and the individual at $100,000 income are assumed to have savings equal to 10 per cent
 of their income. The single parent at $70,000 income and the individual at $40,000 income
 are assumed to have savings equal to 5 per cent of their income. For each family, disposable
 income is distributed among expenditures using the consumption pattern of a typical family
 with the relevant characteristics as estimated using expenditure data, and the relevant
 sales tax component is extracted. Sales tax includes: provincial retail sales taxes in
 British Columbia, Saskatchewan, and Manitoba; Quebec's value added tax; the provincial
 component of the HST in Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and
 Newfoundland and Labrador; and Alberta's Tourism Levy. Sales tax estimates have
 been reduced by sales tax credits where applicable.

**Effective Tax Rates**

&nbsp;&nbsp;&nbsp;&nbsp;• British
 Columbia taxes have been calculated using rates in effect for 2026. Taxes for other provinces
 were calculated using rates that were announced prior to February 1, 2026, and that come
 into effect during 2026.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 149

Appendix

**Table A3.1 Comparison of Property Taxes – 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | **Detached House** | **Condo** | **Townhouse** |
| **Municipality** |  | **$** | $ |
| **Vancouver** | 7978 |  | 4003 |
| ***(Net)*** | 7978 |  | 3433 |
| **Surrey** | 4802 |  | 2642 |
| ***(Net)*** | 4232 |  | 2072 |
| **Saanich** | 5079 |  | 3406 |
| ***(Net)*** | 4509 |  | 2836 |
| **Kelowna** | 4390 |  | 2942 |
| ***(Net)*** | 3620 |  | 2172 |
| **Prince George** | 4306 |  | 3246 |
| ***(Net)*** | 3536 |  | 2476 |
| **Cranbrook** | 4199 |  | 2789 |
| ***(Net)*** | 3429 |  | 2019 |
| **Powell River** | 4451 |  | 3660 |
| ***(Net)*** | 3681 |  | 2890 |
| **Williams Lake** | 4043 |  | 2021 |
| ***(Net)*** | 3273 |  | 1251 |
| **Kamloops** | 4676 |  | 3050 |
| ***(Net)*** | 3906 |  | 2280 |
| **Prince Rupert** | 3256 |  | 1703 |
| ***(Net)*** | 2486 |  | 933 |
| **Penticton** | 3917 |  | 2562 |
| ***(Net)*** | 3147 |  | 1792 |
| **Mission** | 3949 |  | 2773 |
| ***(Net)*** | 3379 |  | 2203 |
| **Pitt Meadows** | 5506 |  | 3395 |
| ***(Net)*** | 4936 |  | 2825 |
| **Salmon Arm** | 3534 |  | 2372 |
| ***(Net)*** | 2764 |  | 1602 |
| **Fort St. John** | 3597 |  | 2094 |
| ***(Net)*** | 2827 |  | 1324 |
| **Nelson** | 4231 |  | 3635 |
| ***(Net)*** | 3461 |  | 2865 |
| **Gibsons** | 5150 |  | 3245 |
| ***(Net)*** | 4380 |  | 2475 |
| **Smithers** | 4073 |  | 3239 |
| ***(Net)*** | 3303 |  | 2469 |
| **Tofino** | 6527 |  | 2995 |
| ***(Net)*** | 5757 |  | 2225 |
| **Qualicum Beach** | 5202 |  | 3646 |
| ***(Net)*** | 4432 |  | 2876 |

---

Tax rates and median assessed values for each property type in 2025 were used for the calculation. Property tax rates are inclusive of municipal, provincial, and all other taxing authorities. Property taxes for each property type include total property taxes and amounts net of the home owner grant. The amount of the home owner grant is either $570 or $770, depending on the location. Municipalities were selected to represent a range of population sizes and geographic locations in the province.

150 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

---

| | |
|:---|:---|
| **Table A4** | **Interprovincial Comparisons of Provincial Personal Income Taxes Payable <sup>1</sup> – 2026** |

---

**(Rates known as of February 1, 2026)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Taxable income | British<br> Columbia | Alberta | Saskatchewan | Manitoba | Ontario | Quebec<sup>2</sup> | New<br> Brunswick | Nova<br> Scotia | Prince<br> Edward<br> Island | Newfoundland<br> and<br> Labrador |
|  |  |  |  | Annual provincial taxes payable <sup>3</sup> ($) | Annual provincial taxes payable <sup>3</sup> ($) | Annual provincial taxes payable <sup>3</sup> ($) |  |  |  |  |
| $10000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $20000 | 0 | 0 | 0 | 284 | 0 | 0 | 0 | 536 | 1 | 0 |
| $30000 | 282 | 413 | 639 | 1313 | 300 | 795 | 766 | 1407 | 1229 | 1443 |
| $40000 | 1152 | 1153 | 1675 | 2311 | 1153 | 1970 | 1931 | 2751 | 2333 | 2261 |
| $50000 | 1859 | 1892 | 2827 | 3358 | 2265 | 3275 | 3079 | 4173 | 3604 | 3347 |
| $60000 | 2567 | 2631 | 3896 | 4550 | 2982 | 4798 | 4274 | 5596 | 4875 | 4725 |
| $70000 | 3294 | 3535 | 5066 | 5743 | 3856 | 6362 | 5600 | 7146 | 6258 | 6105 |
| $80000 | 4031 | 4490 | 6259 | 6960 | 4885 | 7885 | 6942 | 8749 | 7853 | 7497 |
| $100000 | 5556 | 6470 | 8734 | 9484 | 6723 | 10980 | 9714 | 12062 | 11140 | 10492 |
| $125000 | 8276 | 8970 | 11859 | 13782 | 10256 | 15509 | 13598 | 16437 | 15482 | 14442 |
| $150000 | 11552 | 11470 | 14984 | 18132 | 14608 | 20702 | 17598 | 20812 | 20010 | 18392 |
|  |  | Provincial personal income taxes as a per cent of taxable income (%) | Provincial personal income taxes as a per cent of taxable income (%) | Provincial personal income taxes as a per cent of taxable income (%) | Provincial personal income taxes as a per cent of taxable income (%) | Provincial personal income taxes as a per cent of taxable income (%) | Provincial personal income taxes as a per cent of taxable income (%) |  |  |  |
| $10000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $20000 | 0 | 0 | 0 | 1.4 | 0 | 0 | 0 | 2.7 | 0 | 0 |
| $30000 | 0.9 | 1.4 | 2.1 | 4.4 | 1 | 2.7 | 2.6 | 4.7 | 4.1 | 4.8 |
| $40000 | 2.9 | 2.9 | 4.2 | 5.8 | 2.9 | 4.9 | 4.8 | 6.9 | 5.7 | 5.7 |
| $50000 | 3.7 | 3.8 | 5.7 | 6.7 | 4.5 | 6.6 | 6.2 | 8.3 | 7.1 | 6.7 |
| $60000 | 4.3 | 4.4 | 6.3 | 7.6 | 5 | 8 | 7 | 9.3 | 8 | 7.9 |
| $70000 | 4.7 | 5 | 7.1 | 8.2 | 5.5 | 9.1 | 7.9 | 10.2 | 8.8 | 8.7 |
| $80000 | 5 | 5.6 | 7.7 | 8.7 | 6.1 | 9.8 | 8.6 | 10.9 | 9.7 | 9.4 |
| $100000 | 5.6 | 6.5 | 8.6 | 9.5 | 6.7 | 11 | 9.6 | 12.1 | 11 | 10.5 |
| $125000 | 6.6 | 7.2 | 9.4 | 11 | 8.2 | 12.4 | 10.7 | 13.1 | 12.2 | 11.6 |
| $150000 | 7.7 | 7.6 | 9.9 | 12.1 | 9.7 | 13.8 | 11.6 | 13.9 | 13.1 | 12.3 |

---

<sup>1</sup> Calculated for a single individual with wage income, and claiming credits for Canada Pension Plan and Quebec Pension Plan contributions, Employment Insurance premiums, Quebec Parental Insurance Plan premiums, and the basic personal amount.

<sup>2</sup> Quebec residents pay federal tax less an abatement of 16.5 per cent of federal tax. In the table, the Quebec abatement has been used to reduce Quebec provincial personal income tax for comparative purposes.

<sup>3</sup> Includes provincial low-income reductions, surtaxes payable in Ontario and Prince Edward Island, and the Ontario Health Premium tax. Excludes sales tax credits and property tax credits.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 151

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Appendix

**Table A5 Material Assumptions – Revenue**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Personal income tax \*** | **19186** | **19492** | **20704** | **22004** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current calendar year assumptions</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Household income growth | 3.4% | 3.4% | 3.8% | 4.2% | +/- 1 percentage point change in 2026 B.C. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee compensation growth | 2.6% | 3.3% | 3.3% | 3.9% | household income growth equals +/- $200 to |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax base growth | 2.2% | 3.2% | 3.8% | 4.0% | $240 million in revenue |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average tax yield | 6.59% | 6.82% | 6.97% | 7.13% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current-year tax | 17651 | 18873 | 20015 | 21278 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior year's tax assessments | 600 | 650 | 700 | 720 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unapplied taxes | 150 | 150 | 150 | 150 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. Tax Reduction | (199) | (326) | (329) | (332) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-refundable B.C. tax credits | (161) | (161) | (161) | (161) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Policy neutral elasticity \*\* | 1.2 | 1.2 | 1.2 | 1.2 | +/- 0.5 change in 2026 B.C. policy neutral |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Fiscal year assumptions</u> |  |  |  |  | elasticity equals +/- $300 to $350 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior-year adjustment | 853 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>2024 Tax-year</u> | 2024 Assumptions | 2024 Assumptions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Household income growth | 7.3% |  |  |  | +/- 1 percentage point change in 2025 B.C. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax base growth | 7.3% |  |  |  | household or taxable income growth equals |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average 2024 tax yield | 6.51% |  |  |  | +/- $200 to $240 million one-time effect (prior- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 tax | 17057 |  |  |  | year adjustment) and could result in an additional |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 & prior year's tax assessments | 712 |  |  |  | +/- $180 to $200 million base change in 2026/27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unapplied taxes | 150 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. Tax Reduction | (195) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-refundable B.C. tax credits | (137) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Policy neutral elasticity \*\* | 1.6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* Reflects information as at January 28, 2026 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*\* Per cent growth in current year tax revenue (excluding policy measures) relative to per cent growth in household income (calendar year). |
| &nbsp;&nbsp;**Corporate income tax \*** | **7957** | **7645** | **8158** | **8162** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Components of revenue (fiscal year)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installments – subject to general rate | 7004 | 7476 | 7791 | 7798 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installments – subject to small business rate | 349 | 372 | 388 | 388 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-refundable B.C. tax credits | (132) | (149) | (154) | (159) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advance installments | 7221 | 7699 | 8025 | 8027 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior-year settlement payment | 736 | (54) | 133 | 135 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current calendar year assumptions</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National tax base ($ billions) | 591.7 | 617.6 | 641.0 | 663.1 | +/- 1% change in the 2026 national tax base |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. installment share of national tax base | 12.9% | 12.9% | 13.0% | 12.7% | equals +/- $80 to $100 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective percentage tax rates (% general/small business) | 12.0 / 2.0 | 12.0 / 2.0 | 12.0 / 2.0 | 12.0 / 2.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share of the B.C. tax base subject to the small business rate | 23.0% | 23.0% | 23.0% | 23.0% | +/- 1 percentage point change in the 2026 small |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. tax base growth (post federal measures) | -0.7% | 4.5% | 1.7% | 3.7% | business share equals -/+ $70 to $90 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. net operating surplus growth | 8.1% | 9.6% | 4.6% | 3.4% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>2024 Tax-year</u> | 2024 Assumptions | 2024 Assumptions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. tax base growth (post federal measures) | 3.3% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share of the B.C. tax base subject to small business rate | 23.0% |  |  |  | +/- 1% change in the 2025 B.C. tax base equals |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. net operating surplus growth | -19.3% |  |  |  | +/- $70 to $80 million one-time effect (prior-year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross 2024 tax | 7534 |  |  |  | adjustment) and could result in an additional |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior-year settlement payment | 736 |  |  |  | installments payments of +/- $100 to $120 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior years losses/gains (included in above) | 63 |  |  |  | in 2026/27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-refundable B.C. tax credits | (141) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* Reflects information as at January 28, 2026 |  |  |  |  |  |
| &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. | &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. | &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. | &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. | &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. | &nbsp;&nbsp;Cash received from the federal government is used as the basis for estimating revenue. Due to lags in the federal collection and installment systems, changes to the B.C. net operating surplus and tax base forecasts affect revenue in the succeeding year. The 2026/27 installments from the federal government reflects two-third of payments related to the 2026 tax year (paid during Apr-July and adjusted in Sept and Dec 2026) and one-third of 2027 payments. Installments for the 2026 (2027) tax year are based on B.C.'s share of the national tax base for the 2025 (2026) tax year and a forecast of the 2026 (2027) national tax base. B.C.'s share of the 2024 national tax base was 13.07%, based on tax assessments as of December 31, 2025. Cash adjustments for any under/over payments from the federal government in respect of 2025 will be received/paid on March 31, 2027. |

---

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 153

Appendix

**Table A5 Material Assumptions – Revenue (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Employer health tax** | **3075** | **3167** | **3264** | **3382** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee compensation growth | 2.6% | 3.3% | 3.3% | 3.9% | +/- 1 percentage point change in the 2026 |
|  |  |  |  |  | employee compensation growth equals up to |
|  |  |  |  |  | +/- $30 million |
| &nbsp;&nbsp;**Provincial sales tax** | **10687** | **11436** | **12120** | **12545** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial sales tax base growth (fiscal year) | 3.2% | 3.9% | 3.5% | 3.5% | +/- 1 percentage point change in the |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Calendar Year nominal expenditure</u> |  |  |  |  | 2026 consumer expenditure growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer expenditures on durable goods | 10.9% | 3.0% | 2.8% | 3.5% | equals up to +/- $30 to $40 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer expenditures on goods and services | 5.0% | 3.6% | 4.2% | 4.6% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business investment | 3.4% | 4.1% | 3.2% | 2.1% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 5.4% | 6.7% | 5.0% | 4.1% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Components of Provincial sales tax revenue</u> |  |  |  |  | +/- 1 percentage point change in the |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund | 10679 | 11427 | 12111 | 12536 | 2026 business investment growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 8 | 9 | 9 | 9 | equals up to +/- $10 to $20 million |
| &nbsp;&nbsp;**Fuel and carbon taxes** | **1276** | **1373** | **1440** | **1509** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Calendar Year</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real GDP | 1.5% | 1.3% | 1.8% | 1.9% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gasoline volumes | 4.3% | 2.0% | 1.0% | 1.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diesel volumes | 6.0% | 3.0% | 2.0% | 2.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Components of revenue \*</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund | 546 | 561 | 569 | 577 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transit | 18 | 18 | 19 | 19 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 450 | 460 | 466 | 473 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuel tax revenue | 1014 | 1039 | 1054 | 1069 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Output-based pricing system revenue \* | 262 | 334 | 386 | 440 |  |
| &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. | &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. | &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. | &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. | &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. | &nbsp;&nbsp;&nbsp;\* The consumer carbon tax was eliminated effective April 1, 2025 and forecast now includes Output-based pricing system revenue paid by large industrial emitters. |
| &nbsp;&nbsp;**Property taxes** | **4067** | **4451** | **4979** | **5330** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Calendar Year</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Price Index | 2.1% | 2.1% | 2.0% | 2.0% | +/- 1 percentage point change in 2026 new |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominal GDP | 4.1% | 4.4% | 4.1% | 4.2% | construction or nominal GDP growth equals up |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing starts (units) | 44193 | 44210 | 45920 | 47497 | to +/- $30 million in residential property taxation |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home owner grants (fiscal year) | 931 | 925 | 871 | 891 | revenue |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential (net of home owner grants) | 1703 | 1894 | 2240 | 2429 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Speculation and vacancy | 105 | 161 | 184 | 184 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-residential | 1760 | 1865 | 1990 | 2122 | +/- 1% change in 2026 total |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rural area | 169 | 175 | 187 | 198 | business property assessment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Police | 44 | 46 | 49 | 51 | value equals up to +/- $30 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Assessment Authority | 125 | 128 | 129 | 130 | in non-residential property |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transit | 161 | 182 | 200 | 216 | taxation revenue |
| &nbsp;&nbsp;**Other taxes** | **2976** | **3211** | **3373** | **3545** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Calendar Year</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Population | 0.5% | -0.9% | 0.4% | 1.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential sales value | -8.4% | 13.1% | 7.6% | 6.5% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real GDP | 1.5% | 1.3% | 1.8% | 1.9% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominal GDP | 4.1% | 4.4% | 4.1% | 4.2% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  | +/- 1% change to 2026 residential |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property transfer | 1750 | 1935 | 2077 | 2229 | sales value equals +/- $20 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional Property Transfer Tax (included in above) | 30 | 30 | 30 | 30 | in property transfer revenue, |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tobacco | 291 | 311 | 311 | 311 | depending on property values |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance premium | 930 | 960 | 980 | 1000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax targeting home flipping activity | 5 | 5 | 5 | 5 |  |

---

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154 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A5 Material Assumptions – Revenue (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Energy, sales of Crown land tenures, metals, minerals and other \*** | **1561** | **1926** | **2044** | **2347** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural gas price |  |  |  |  | +/- $0.25 change in the natural gas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plant inlet, $C/gigajoule | 1.12 | 2.18 | 2.39 | 2.48 | price equals +/- $150 to $250 million, including |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plant outlet, $C/gigajoule | 1.91 | 2.99 | 3.21 | 3.30 | impacts on production volumes and royalty |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumas, $US/MMBtu | 2.10 | 3.01 | 3.20 | 3.28 | program credits, but excluding any changes |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural gas production volumes |  |  |  |  | from natural gas liquids revenue |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Billions of cubic metres | 77.5 | 78.7 | 82.9 | 84.7 | (e.g. butane, pentanes) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petajoules | 3219 | 3272 | 3442 | 3518 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual per cent change | 4.7% | 1.6% | 5.2% | 2.2% |  |
|  |  |  |  |  | Sensitivities can vary significantly at |
| &nbsp;&nbsp;&nbsp;&nbsp;Oil price ($US/bbl at Cushing, OK) | 61.91 | 60.76 | 65.67 | 70.27 | different price levels |
| &nbsp;&nbsp;&nbsp;&nbsp;Auctioned land base (000 hectares) | 10 | 10 | 10 | 10 | +/- 1% change in natural gas volumes equals |
| &nbsp;&nbsp;&nbsp;&nbsp;Average bid price/hectare ($) | 3200 | 200 | 200 | 200 | +/- $15 million in natural gas royalties |
| &nbsp;&nbsp;&nbsp;&nbsp;Metallurgical coal price ($US/tonne, fob Australia) | 189 | 198 | 205 | 209 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Copper price ($US/lb) | 4.70 | 4.97 | 4.96 | 5.03 | +/- 1 cent change in the exchange rate equals +/- |
| &nbsp;&nbsp;&nbsp;&nbsp;Annual electricity volumes set by treaty | 2.7 | 2.7 | 2.7 | 2.7 | $30 million in natural gas royalties |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(million mega-watt hours) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mid-Columbia electricity price | 60.00 | 60.34 | 58.32 | 62.46 | +/- $10/bbl change in petroleum price |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;($US/mega-watt hour) |  |  |  |  | equals +/- $6 million in petroleum royalties |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange rate (US¢/C$, calendar year) | 71.5 | 73.6 | 75.6 | 77.0 | +/- 16% change in natural gas liquids |
|  |  |  |  |  | (equivalent to +/- $10/bbl oil price) prices |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  | equals +/- $140 to $190 million in natural gas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonus bid cash sales | 32 | 2 | 2 | 2 | liquids royalties |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees and rentals | 36 | 36 | 36 | 34 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonus bids, fees and rentals | 68 | 38 | 38 | 36 | +/- 10% change in the average Mid-Columbia |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural gas royalties after deductions and allowances | 942 | 1297 | 1305 | 1572 | electricity price equals +/- $20 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleum royalties | 46 | 42 | 56 | 63 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia River Treaty electricity sales | 275 | 271 | 259 | 271 | +/- US$20 change in the average |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Energy Regulator fees and levies | 86 | 87 | 89 | 91 | metallurgical coal price |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coal, metals and other minerals revenue: |  |  |  |  | equals +/- $50 to $90 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coal tenures | 8 | 8 | 8 | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net coal mineral tax | 7 | 26 | 57 | 67 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net metals and other minerals tax | 46 | 63 | 139 | 137 | In accordance with accounting standards, bonus |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue sharing payments to First Nations | 58 | 69 | 68 | 77 | bid revenue is recognized in full at the time an |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other recoveries | 7 | 7 | 7 | 7 | authorization for the sale of Crown land tenure is |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous mining revenue | 18 | 18 | 18 | 18 | awarded. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total coal, metals and other minerals revenue | 144 | 191 | 297 | 314 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Gross royalties prior to deductions and allowances</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross natural gas revenue | 585 | 892 | 877 | 1067 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross natural gas liquids royalties revenue | 592 | 695 | 824 | 945 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>Royalty programs and infrastructure credits</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deep drilling | (77) | (47) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Road, pipeline, Clean Growth Infrastructure Royalty and other infrastructure programs | (52) | (67) | (82) | (62) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | (129) | (114) | (82) | (62) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Implicit average natural gas royalty rate | 25.6% | 16.6% | 11.8% | 13.5% |  |
| &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  | &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  | &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  | &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  | &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  | &nbsp;&nbsp;Natural gas royalties incorporate royalty programs and Treasury Board approved infrastructure credits.<br> \* Reflects information as at January 23, 2026  |

---

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Budget and Fiscal Plan - 2026/27 to 2028/29 \| 155

Appendix

**Table A5 Material Assumptions – Revenue (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Forests \*** | **505** | **521** | **518** | **556** |  |
| &nbsp;&nbsp;&nbsp;<u>Prices (calendar year average)</u> |  |  |  |  | +/- US$50 change in SPF price equals +/- $40 to |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPF 2x4 ($US/thousand board feet) | 467 | 470 | 490 | 495 | $60 million |
| &nbsp;&nbsp;&nbsp;<u>Crown harvest volumes (million cubic metres)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interior | 21.8 | 21.7 | 22.1 | 22.1 | +/- 10% change in Interior harvest volumes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coast | 7.2 | 7.3 | 6.9 | 6.9 | equals +/- $30 to $40 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 29 | 29 | 29 | 29 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. Timber Sales (included in above) | 4.1 | 5.3 | 5.3 | 5.6 | +/- 10% change in Coastal harvest volumes |
|  |  |  |  |  | equals +/- $10 to $15 million |
| &nbsp;&nbsp;&nbsp;<u>Stumpage rates ($Cdn/cubic metre)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stumpage rates | 14.94 | 15.24 | 15.14 | 16.44 | +/- 1 cent change in exchange rate |
|  |  |  |  |  | equals +/- $10 to $15 million in stumpage |
| &nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  | revenue |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timber tenures (net of revenue sharing recoveries) | 116 | 122 | 143 | 165 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue sharing payments to First Nations | 122 | 63 | 55 | 53 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.C. Timber Sales | 212 | 276 | 260 | 277 | The above sensitivities relate |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Logging tax | 10 | 15 | 15 | 15 | to stumpage revenue only. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other CRF revenue | 31 | 31 | 31 | 31 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other recoveries | 14 | 14 | 14 | 15 |  |
| &nbsp;&nbsp;&nbsp;\* Reflects information as at January 23, 2026 |  |  |  |  |  |
| &nbsp;&nbsp;**Other natural resources** | **489** | **564** | **615** | **646** |  |
| &nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Water rental and licences\* | 419 | 494 | 555 | 600 | +/- 5% change in water power production |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries | 50 | 50 | 40 | 26 | equals +/- $15 to $20 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Angling and hunting permits and licences | 10 | 10 | 10 | 10 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries | 10 | 10 | 10 | 10 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* Water rentals for power purposes are indexed to <br> Consumer Price Index. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Total natural resource recoveries relating to revenue sharing payments to First Nations for signed agreements** | **304** | **132** | **123** | **130** | Revenue sharing from natural gas royalties, mineral tax, electricity sales under the Columbia River Treaty and forest stumpage revenues. |
| &nbsp;&nbsp;**Other revenue** | **14778** | **12449** | **12435** | **12568** |  |
| &nbsp;&nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees and licences |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motor vehicle licences and permits | 654 | 664 | 675 | 687 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International student health fees | 100 | 80 | 80 | 80 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Consolidated Revenue Fund | 505 | 518 | 516 | 522 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summary consolidation eliminations | (14) | (15) | (15) | (15) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry vote recoveries | 202 | 239 | 261 | 162 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported Crown corporations | 245 | 242 | 252 | 254 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary education fees | 2691 | 2578 | 2598 | 2658 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other healthcare-related fees | 642 | 651 | 660 | 661 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Districts | 273 | 285 | 296 | 308 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment earnings |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Revenue Fund | 240 | 298 | 300 | 299 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiscal agency loans & sinking funds earnings | 1155 | 1331 | 1469 | 1582 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summary consolidation eliminations | (58) | (45) | (46) | (36) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported Crown corporations | 82 | 41 | 42 | 43 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUCH sector agencies | 404 | 375 | 368 | 367 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales of goods and services |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUCH sector agencies | 1171 | 1205 | 1238 | 1268 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Infrastructure Benefits Inc | 329 | 183 | 38 | 9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other taxpayer-supported Crown corporations | 145 | 318 | 312 | 331 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous | 6012 | 3501 | 3391 | 3388 |  |

---

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156 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A5 Material Assumptions – Revenue (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Health and social transfers** | **9822** | **10309** | **10764** | **11161** |  |
| &nbsp;&nbsp;&nbsp;<u>National Cash Transfers</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada Health Transfer (CHT) | 54685 | 57419 | 60290 | 62514 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual growth | 5.0% | 5.0% | 5.0% | 3.7% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada Social Transfer (CST) | 17416 | 17939 | 18477 | 19031 |  |
| &nbsp;&nbsp;&nbsp;B.C.'s share of national population (July 1) | 13.68% | 13.68% | 13.67% | 13.69% | +/- 0.1 percentage point change in B.C.'s |
|  |  |  |  |  | population share equals +/- $75 million |
| &nbsp;&nbsp;&nbsp;<u>B.C. health and social transfers revenue</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHT | 7480 | 7855 | 8239 | 8556 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CST | 2382 | 2454 | 2525 | 2605 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior-year adjustments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHT | (30) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CST | (10) |  |  |  |  |
| &nbsp;&nbsp;**Other federal contributions** | **4788** | **5159** | **4339** | **4174** |  |
| &nbsp;&nbsp;<u>Components of revenue</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Disaster Financial Assistance Arrangements | 434 | 520 | 207 | 357 |  |
| &nbsp;&nbsp;&nbsp;B.C.'s share of the federal cannabis excise tax | 128 | 130 | 130 | 130 |  |
| &nbsp;&nbsp;&nbsp;Other Consolidated Revenue Fund | 95 | 99 | 99 | 99 |  |
| &nbsp;&nbsp;&nbsp;Vote Recoveries: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labour Market Development Agreement | 296 | 291 | 291 | 291 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Labour Market and Skills Training Program | 98 | 98 | 98 | 98 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Working Together To Improve Healthcare | 408 | 407 | 325 | 325 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aging With Dignity | 235 | 240 | 158 | 49 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drugs For Rare Diseases | 65 | 65 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Access to Contraception and Diabetes medications and access to Diabetes devices and supplies | 17 | 243 | 205 | 205 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Child Care | 1145 | 1123 | 1040 | 1071 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Child Safety, Family Support, Children in Care and with special needs | 80 | 79 | 75 | 75 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Transit | 151 | 196 | 36 | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Local government services and transfers | 198 | 192 | 175 | 124 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other recoveries | 177 | 233 | 217 | 217 |  |
| &nbsp;&nbsp;&nbsp;Taxpayer-supported Crown corporations | 405 | 378 | 399 | 220 |  |
| &nbsp;&nbsp;&nbsp;Post-secondary institutions | 702 | 712 | 730 | 751 |  |
| &nbsp;&nbsp;&nbsp;Other SUCH sector agencies | 154 | 153 | 154 | 155 |  |
| &nbsp;&nbsp;**Service delivery agency direct revenue** | **10150** | **10223** | **10109** | **10061** |  |
| &nbsp;&nbsp;&nbsp;School districts | 763 | 790 | 782 | 794 |  |
| &nbsp;&nbsp;&nbsp;Post-secondary institutions | 5212 | 5068 | 5143 | 5269 |  |
| &nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 1617 | 1625 | 1668 | 1667 |  |
| &nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 547 | 581 | 591 | 608 |  |
| &nbsp;&nbsp;&nbsp;Other service delivery agencies | 2011 | 2159 | 1925 | 1723 |  |

---

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 157

Appendix

**Table A5 Material Assumptions – Revenue (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Revenue Source and Assumptions<br> **($ millions unless otherwise specified)**  | **Updated<br> Forecast<br> 2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan<br> 2027/28** | **Plan<br> 2028/29** | **2026/27 Sensitivities** |
| &nbsp;&nbsp;**Commercial Crown corporation net income** | **3915** | **3820** | **3825** | **3825** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**BC Hydro** | **712** | **712** | **712** | **712** | Sensitivities impacts shown below are before |
|  |  |  |  |  | regulatory account transfers |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reservoir water inflows | 85% | 100% | 100% | 100% | +/-1% in hydro generation equals +/- $25 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer demand (GWh) | 56961 | 57083 | 56595 | 57610 | +/-1% equals +/-$30 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electricity prices (Mid-C, $US/MWh) | 47.90 | 58.48 | 62.37 | 62.11 | +/-1% change in electricity/gas trade margin |
|  |  |  |  |  | equals +/- $10 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases from Energy Purchase Agreements (GWh) | 13121 | 13803 | 14034 | 14800 | +/-1% equals +/-$5 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rates - variable debt | 2.45% | 2.21% | 2.45% | 2.51% | +/-100 basis points = +/- $60 million |
| &nbsp;&nbsp;&nbsp;&nbsp;**ICBC** | **800** | **700** | **700** | **700** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicle growth | 1.4% | 0.7% | 1.1% | 1.1% | +/-1% equals +/-$67 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current claims cost percentage change | 22.9% | 6.8% | 2.8% | 6.7% | +/-1% equals +/-$53 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unpaid claims balance ($ billions) | 8.7 | 8.3 | 8.3 | 8.5 | +/-1% equals +/-$83 to $87 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment return | 5.5% | 5.2% | 5.6% | 6.5% | +/-1% return equals +/-$183 to 187 million |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss ratio | 84.0% | 84.1% | 85.0% | 87.6% |  |

---

158 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A6 Natural Gas Price Forecasts**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Private sector forecasts (calendar year)** | **Market Price** | **Market Price** | **Market Price** | **($C/GJ at Plant Inlet)** | **($C/GJ at Plant Inlet)** | **($C/GJ at Plant Inlet)** |
|  | **2026** | **2027** | **2028** | **2026/27** | **2027/28** | **2028/29** |
| GLJ Henry Hub US$/MMBtu (Jan 2026) | 3.98 | 4.00 | 4.16 | 2.48 | 2.49 | 2.65 |
| Sproule Henry Hub US$/MMBtu (Dec 2025) | 3.50 | 3.50 | 3.50 | 1.67 | 1.81 | 1.83 |
| McDaniel Henry Hub US$/MMBtu (Jan 2026) | 3.75 | 3.83 | 3.90 | 2.18 | 2.24 | 2.33 |
| Deloitte Henry Hub US$/Mcf (Dec 2025) | 3.83 | 3.90 | 4.10 | 2.18 | 2.40 | 2.64 |
| GLJ Alberta AECO-C Spot CDN$/MMBtu (Jan 2026) | 2.93 | 3.24 | 3.54 | 2.85 | 3.00 | 3.25 |
| Sproule Alberta AECO-C Spot CDN$/MMBtu (Dec 2025) | 3.06 | 3.35 | 3.28 | 2.87 | 3.01 | 2.91 |
| McDaniel AECO-C Spot C$/MMBtu (Jan 2026) | 3.00 | 3.32 | 3.64 | 2.93 | 3.10 | 3.35 |
| Deloitte AECO-C Spot C$/Mcf (Dec 2025) | 2.95 | 3.55 | 3.65 | 2.84 | 3.32 | 3.35 |
| GLJ Sumas Spot US$/MMBtu (Jan 2026) | 1.98 | 3.50 | 3.66 | 1.57 | 2.81 | 2.92 |
| Sproule Sumas Spot CDN$/MMBtu (Dec 2025) | 4.86 | 5.19 | 5.15 | 4.72 | 4.84 | 4.75 |
| GLJ BC Spot Plant Gate CDN$/MMBtu (Jan 2026) | 2.06 | 2.68 | 2.97 | 2.29 | 2.77 | 3.03 |
| Sproule BC Station 2 CDN$/MMBtu (Dec 2025) | 2.86 | 3.15 | 3.07 | 2.85 | 2.99 | 2.88 |
| McDaniel BC Avg Plant Gate C$MMBtu (Jan 2026) | 2.20 | 2.50 | 2.81 | 2.34 | 2.55 | 2.80 |
| Deloitte BC Station 2 C$MMBtu (Dec 2025) | 2.65 | 3.25 | 3.35 | 2.93 | 3.41 | 3.46 |
| GLJ Midwest Chicago US$/MMBtu (Jan 2026) | 3.63 | 3.80 | 3.96 | 3.30 | 3.23 | 3.33 |
| Sproule Alliance Plant Gate CDN$/MMBtu (Dec 2025) | 4.71 | 4.58 | 4.51 | 4.83 | 4.54 | 4.42 |
| EIA Henry Hub US$/MMBtu (Dec 2025) | 4.01 |  |  |  |  |  |
| TD Economics Henry Hub FuturesUS$/MMBtu (Jun 2025) | 3.93 | 3.53 |  | 1.95 |  |  |
| Scotiabank Group Henry Hub US$/MMBtu (Jun 2025) | 4.75 | 3.53 |  | 3.19 |  |  |
| BMO Henry Hub US$/MMBtu (Jun 2025) | 3.75 |  |  |  |  |  |
| InSite Petroleum Consultants Ltd BC Spot C$/Mcf (Dec 2025) | 3.00 | 3.30 | 3.64 | 2.80 | 3.09 | 3.35 |
| NYMEX Forward Market converted to Plant Inlet CDN$/GJ (Dec 2025) |  |  |  | 2.08 | 2.28 | 2.01 |
| **Average all minus high/low** |  |  |  | **2.73** | **3.00** | **3.11** |
| **Average one forecast per consultant minus high/low** |  |  |  | **2.64** | **2.95** | **3.08** |
| **Natural gas royalty price forecast** |  |  |  | **2.18** | **2.39** | **2.48** |

---

GLJ: Gilbert Laustsen Jung Petroleum Consultants Ltd US EIA: US Energy Information Administration AECO: Alberta Energy Company<br>

Deloitte/AJM: Deloitte L.L.P acquired Ashton Jenkins Mann Petroleum Consultants McDaniel: McDaniel & Associates Consultants Ltd

**Natural Gas Prices**

![](tm265823d1_ex99-5imgv002.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 159

Appendix

**Table A7 Material Assumptions Expense**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Ministry Programs and Assumptions**<br> **($ millions unless otherwise specified)** | **Updated**<br> **Forecast**<br> **2025/26** | **Budget**<br> **Estimate**<br> **2026/27** | **Plan**<br> **2027/28** | **Plan**<br> **2028/29** | **2026/27 Sensitivities** |
| **Attorney General** | **872** | **897** | **899** | **899** |  |
| &nbsp;&nbsp;&nbsp;New cases filed/processed <br> (# for all courts) | 242000 | 242000 | 242000 | 242000 | The number of criminal cases proceeded on by the provincial and federal Crown (including appeals to higher courts in BC), the number of civil and family litigation cases, the number of violation tickets disputed, and the number of municipal bylaw tickets disputed which would go to court for resolution. |
| &nbsp;&nbsp;&nbsp;*Crown Proceeding Act (CPA)* | 25 | 25 | 25 | 25 | Number of litigation cases resolved by court decisions or negotiated settlement; changes in Legal Counsel assessment of probability of payment and/or quantum; newly identified pending litigation cases. |
| **Children and Family Development** | **2400** | **2712** | **2594** | **2599** |  |
| &nbsp;&nbsp;&nbsp;Average children-in-care caseload (#) | 4855 | 4826 | 4890 | 4845 | The average number of children-in-care is decreasing in the long run as a result of ministry efforts to keep children in family settings where safe and feasible. The average cost per child in care is projected to increase based on the higher cost of contracted residential services and SHSS contracted services, and an increasing acuity of need for children in care. A 1% increase in the cost per case or a 1% increase in the average caseload will affect expenditures by $4.5 million (excluding Indigenous CFS Agencies). |
| &nbsp;&nbsp;&nbsp;Average annual residential cost per child in care ($)<br>| 180400 | 210790 | 191750 | 198830 | The average number of children-in-care is decreasing in the long run as a result of ministry efforts to keep children in family settings where safe and feasible. The average cost per child in care is projected to increase based on the higher cost of contracted residential services and SHSS contracted services, and an increasing acuity of need for children in care. A 1% increase in the cost per case or a 1% increase in the average caseload will affect expenditures by $4.5 million (excluding Indigenous CFS Agencies). |
| **Education and Child Care** | **9779** | **10069** | **10136** | **10126** |  |
| &nbsp;&nbsp;&nbsp;Public School Enrolment (# of FTEs) | 602998 | 597569 | 590283 | 581451 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School age (K–12) | 576988 | 572887 | 565704 | 556998 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continuing Education | 796 | 761 | 761 | 761 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributed Learning (online) | 15440 | 14283 | 14179 | 14053 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summer | 7422 | 7422 | 7422 | 7422 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adults | 2352 | 2218 | 2218 | 2218 | Updated forecast enrolment figures for Q3 are based on submissions from school districts of their actual enrolment as at September 30, 2025 for the 2025/26 school year and projected enrolment for February and May 2026. Projections are based on the Ministry of Education and Child Care's enrolment forecasting model. |
| **Emergency Management and Climate Readiness** | **442** | **111** | **108** | **108** |  |
|  |  |  |  |  | Emergency disaster relief is unpredictable. There are a number of factors that could impact the timing of delivering recovery projects resulting from the Emergency Events. |
| &nbsp;&nbsp;&nbsp;*Emergency and Disaster Management Act* | 326 | 36 | 36 | 36 | Emergency disaster relief is unpredictable. There are a number of factors that could impact the timing of delivering recovery projects resulting from the Emergency Events. |
| **Forests** | **1325** | **910** | **860** | **868** |  |
| &nbsp;&nbsp;&nbsp;BC Timber Sales | 240 | 268 | 218 | 226 | Targets can be impacted by changes to actual inventory costs incurred. There is a lag of approximately 1.5 years between when inventory costs are incurred and when they are expensed. Volume harvested can also impact targets. For example, if volume harvested is less than projected in any year, then capitalized expenses will also be reduced in that year. |
| &nbsp;&nbsp;&nbsp;Fire Management | 665 | 238 | 238 | 238 | Costs are driven by length of season and severity of weather conditions, severity of fires, proportion of interface fires and size of fires. Costs have ranged from a low of $47 million in 2006 to a high of $1.094 billion in 2023/24 (Fire season 2023). Current year costs are already well above the 20 year average. |
| **Health** | **35017** | **36116** | **37240** | **38404** |  |
| &nbsp;&nbsp;&nbsp;Pharmacare | 1506 | 1597 | 1597 | 1597 | A 1% change in PharmaCare utilization or prices affects costs by approximately $15 million. |
| &nbsp;&nbsp;&nbsp;Medical Services Plan (MSP) | 8675 | 8910 | 9149 | 9410 | A 1% increase in volume of services provided by fee-for-service and other demand driven programs physicians expenditures is approximately $61 million. |
| &nbsp;&nbsp;&nbsp;Regional Services | 25663 | 25287 | 26172 | 27076 | A 1% increase in volume of services provided by Health Authorities is estimated to be $255 million. |

---

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160 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A7 Material Assumptions – Expense *(continued)***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Ministry Programs and Assumptions <br> ($ millions unless otherwise specified)** | **Updated<br> Forecast<br> 2025/26** | **Budget<br> Estimate<br> 2026/27** | **Plan 2027/28** | **Plan 2028/29** | **2026/27 Sensitivities** |
| **Post-Secondary Education and Future Skills** | **3510** | **3581** | **3607** | **3634** |  |
| &nbsp;&nbsp;&nbsp;Student spaces in public institutions | 307174 | 210054 | 210003 | 209986 | Student enrolments may fluctuate due to a number of factors including economic changes and labour market needs. |
| **Public Safety and Solicitor General** | **1104** | **1100** | **1100** | **1099** |  |
| &nbsp;&nbsp;&nbsp;Policing, Victim Services and Corrections | 956 | 983 | 982 | 982 | Policing, Victim Services and Corrections costs are sensitive to the volume and severity of criminal activity, the number of inmate beds occupied and the number of offenders under community supervision. |
| **Social Development and Poverty Reduction** | **5705** | **5977** | **6057** | **6156** |  |
| &nbsp;&nbsp;&nbsp;Temporary Assistance annual average caseload (#) | 75952 | 78200 | 80600 | 86400 | The expected to work caseload is sensitive to fluctuations in economic and employment trends. Costs are driven by changes to cost per case and caseload. Cost per case fluctuations result from changes in the needed supports required by clients, as well as caseload composition. |
| &nbsp;&nbsp;&nbsp;Disability Assistance annual average caseload (#) | 128565 | 134700 | 138100 | 138100 | The caseload for persons with disabilities is sensitive to the aging of the population and longer life expectancy for individuals with disabilities. Cost per case fluctuations are driven primarily by earnings exemptions which is dependent on the level of income earned by clients. |
| &nbsp;&nbsp;&nbsp;Adult Community Living: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Developmental Disability Programs |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average caseload (#) | 26060 | 27040 | 28050 | 29110 | The adult community living caseload is sensitive to an aging population and to the level of service required. Cost per case fluctuations are driven by the proportion of clients receiving certain types of services at differing costs. For example, residential care services are significantly more costly than day programs. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average cost per client ($) | 63900 | 64100 | 61900 | 59700 | The adult community living caseload is sensitive to an aging population and to the level of service required. Cost per case fluctuations are driven by the proportion of clients receiving certain types of services at differing costs. For example, residential care services are significantly more costly than day programs. |
| &nbsp;&nbsp;&nbsp;Personal Supports Initiative (PSI) |  |  |  |  | The adult community living caseload is sensitive to an aging population and to the level of service required. Cost per case fluctuations are driven by the proportion of clients receiving certain types of services at differing costs. For example, residential care services are significantly more costly than day programs. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average caseload (#) | 3860 | 4200 | 4550 | 4910 | The adult community living caseload is sensitive to an aging population and to the level of service required. Cost per case fluctuations are driven by the proportion of clients receiving certain types of services at differing costs. For example, residential care services are significantly more costly than day programs. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average cost per client ($) | 18300 | 17800 | 16500 | 15300<br>| The adult community living caseload is sensitive to an aging population and to the level of service required. Cost per case fluctuations are driven by the proportion of clients receiving certain types of services at differing costs. For example, residential care services are significantly more costly than day programs. |

---

![](tm265823d1_ex99-5imgv003.jpg)

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 161

Appendix

**Table A7 Material Assumptions – Expense *(continued)***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Ministry Programs and Assumptions<br> ($ millions unless otherwise specified)** | **Updated<br> Forecast<br> 2025/26** | **Budget<br> Estimate<br> 2026/27** | **Plan 2027/28** | **Plan 2028/29** | **2026/27 Sensitivities** |
| **Tax Transfers** | **2620** | **2466** | **2787** | **2922** |  |
| &nbsp;&nbsp;&nbsp;Individuals | 1639.0 | 1092.0 | 1181.0 | 1218.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Climate Action Tax Credit | 310.0 |  |  |  | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Family Benefit | 578.8 | 520.0 | 520.0 | 520.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Family Benefit Disability Supplement |  |  | 105.0 | 140.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Renter's Tax Credit | 260.0 | 232.0 | 235.0 | 237.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales Tax | 36.7 | 42.0 | 42.0 | 42.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Small Business Venture Capital | 38.5 | 40.0 | 40.0 | 40.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Senior's Home Renovation | 2.4 | 3.0 | 3.0 | 3.0 | These tax transfers are now expensed as required under generally accepted accounting principles. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Gains Refund | 402.9 | 244.0 | 225.0 | 225.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other tax transfers to individuals | 9.7 | 11.0 | 11.0 | 11.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;Corporations | 981.0 | 1374.0 | 1606.0 | 1704.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Film and Television | 161.1 | 176.0 | 196.0 | 200.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production Services | 420.1 | 751.0 | 935.0 | 1017.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scientific Research & Experimental |  |  |  |  | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Development | 149.7 | 150.0 | 155.0 | 160.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interactive Digital Media | 167.7 | 163.0 | 186.0 | 193.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mining Exploration | 72.5 | 60.0 | 60.0 | 60.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manufacturing and Processing Investment |  | 55.0 | 55.0 | 55.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other tax transfers to corporations | 9.9 | 19.0 | 19.0 | 19.0 | Changes in 2025 tax transfers will result in one-time effect (prior-year adjustment) and could result in an additional base change in 2026/27. Production services tax credit is the most volatile of all tax transfers and is influenced by several factors including delay in filing returns and assessment of claims, length of projects and changes in the exchange rates. |
| &nbsp;&nbsp;&nbsp;Prior-year adjustment (included above)\* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals | 173.8 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporations | (239.5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;<u>2024 Tax-year</u> | 2024 Assumptions | 2024 Assumptions |  |  |  |
| &nbsp;&nbsp;&nbsp;Tax Transfers | 3058.0 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Individuals | 1997.8 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporations | 1060.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Film and Television | 148.6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production Services | 554.6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scientific Research & Experimental |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Development | 122.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interactive Digital Media | 146.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other tax transfers to corporations | 88.3 |  |  |  |  |
| \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. | \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. | \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. | \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. | \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. | \*\*2025/26 tax transfer forecast incorporates adjustments relating to prior years. |
| **Management of Public Funds and Debt** | **2887** | **3798** | **4644** | **5404** |  |
| &nbsp;&nbsp;&nbsp;Interest rates for new provincial borrowing: |  |  |  |  | Full year impact on MoPD on interest costs: - 1% change in interest rates equals $179.7 million; - $100 million increase in debt level equals $4.1 million. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term | 2.44% | 2.34% | 2.69% | 2.76% | Full year impact on MoPD on interest costs: - 1% change in interest rates equals $179.7 million; - $100 million increase in debt level equals $4.1 million. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term | 4.69% | 4.72% | 4.78% | 4.69% | Full year impact on MoPD on interest costs: - 1% change in interest rates equals $179.7 million; - $100 million increase in debt level equals $4.1 million. |
| &nbsp;&nbsp;&nbsp;CDN/US exchange rate (cents) | 138.2 | 134.9 | 131.5 | 129.5 | Full year impact on MoPD on interest costs: - 1% change in interest rates equals $179.7 million; - $100 million increase in debt level equals $4.1 million. |
| **Service delivery agency net spending** | **10458** | **10846** | **11015** | **11433** |  |
| &nbsp;&nbsp;&nbsp;School districts | 672 | 682 | 698 | 713 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |
| &nbsp;&nbsp;&nbsp;Post-secondary institutions | 5101 | 5063 | 5099 | 5218 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |
| &nbsp;&nbsp;&nbsp;Health authorities and hospital societies | 1568 | 1634 | 1622 | 1627 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |
| &nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 1970 | 2321 | 2638 | 2934 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |
| &nbsp;&nbsp;&nbsp;BC Infrastructure Benefits | 329 | 183 | 39 | 8 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |
| &nbsp;&nbsp;&nbsp;Other service delivery agencies | 818 | 963 | 919 | 933 | Agency expenses, net of Provincial funding. These are mainly funded through revenue from other sources. |

---

162 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A8 Operating Statement – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actual<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 58493 | 62047 | 72391 | 81790 | 79623 | 84046 | 85082 | 85523 | 88578 | 91754 | 5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense | (59024) | (67662) | (71129) | (80834) | (84658) | (91393) | (94696) | (98832) | (100743) | (103191) | 6.4 |
| **Surplus (deficit)** | **(531)** | **(5615)** | **1262** | **956** | **(5035)** | **(7347)** | **(9614)** | **(13309)** | **(12165)** | **(11437)** |  |
| **Per cent of nominal GDP:** <sup>1</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Surplus (deficit) | -0.2 | -1.8 | 0.4 | 0.2 | -1.2 | -1.7 | -2.2 | -2.9 | -2.5 | -2.3 |  |
| **Per cent of revenue:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Surplus (deficit) | -0.9 | -9.0 | 1.7 | 1.2 | -6.3 | -8.7 | -11.3 | -15.6 | -13.7 | -12.5 |  |
| **Per capita ($):** <sup>2</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Surplus (deficit) | (104) | (1085) | 241 | 178 | (913) | (1296) | (1687) | (2357) | (2145) | (1996) |  |

---

<sup>1</sup> Surplus (deficit) as a per cent of nominal GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 amounts divided by nominal GDP for the 2026 calendar year).

<sup>2</sup> Per capita revenue and expense is calculated using July 1 population (e.g. 2026/27 amounts divided by population on July 1, 2026).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 163

Appendix

**Table A9 Revenue by Source – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actuals<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Taxation revenue:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal income | 10657 | 11118 | 13704 | 17268 | 16443 | 17026 | 19186 | 19492 | 20704 | 22004 | 8.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate income | 5011 | 4805 | 5053 | 9156 | 6085 | 8262 | 7957 | 7645 | 8158 | 8162 | 5.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employer health | 1897 | 2156 | 2443 | 2720 | 2886 | 3056 | 3075 | 3167 | 3264 | 3382 | 6.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales | 7374 | 7694 | 8731 | 9818 | 10330 | 10363 | 10687 | 11436 | 12120 | 12545 | 6.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fuel | 1008 | 936 | 1022 | 1021 | 982 | 979 | 1014 | 1039 | 1054 | 1069 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carbon <sup>1</sup> | 1682 | 1683 | 2011 | 2161 | 2642 | 2606 | 262 | 334 | 386 | 440 | -13.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tobacco | 729 | 711 | 708 | 531 | 477 | 412 | 291 | 311 | 311 | 311 | -9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property | 2608 | 2313 | 3012 | 3253 | 3605 | 3837 | 4067 | 4451 | 4979 | 5330 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property transfer | 1609 | 2098 | 3327 | 2293 | 1993 | 2005 | 1750 | 1935 | 2077 | 2229 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance premium and other taxes | 691 | 652 | 706 | 804 | 853 | 900 | 935 | 965 | 985 | 1005 | 4.3 |
|  | **33266** | **34166** | **40717** | **49025** | **46296** | **49446** | **49224** | **50775** | **54038** | **56477** | 6.1 |
| **Natural resource revenue:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural gas royalties | 118 | 196 | 920 | 2255 | 823 | 672 | 942 | 1297 | 1305 | 1572 | 33.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bonus bids, rents on drilling rights and leases | 60 | 45 | 45 | 41 | 42 | 42 | 68 | 38 | 38 | 36 | -5.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Columbia River Treaty | 119 | 117 | 231 | 437 | 448 | 297 | 275 | 271 | 259 | 271 | 9.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other energy and minerals | 386 | 191 | 795 | 979 | 637 | 448 | 276 | 320 | 442 | 468 | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forests | 988 | 1304 | 1893 | 1887 | 657 | 514 | 505 | 521 | 518 | 556 | -6.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other resources | 432 | 433 | 499 | 518 | 536 | 443 | 489 | 564 | 615 | 646 | 4.6 |
|  | **2103** | **2286** | **4383** | **6117** | **3143** | **2416** | **2555** | **3011** | **3177** | **3549** | 6.0 |
| **Other revenue:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan premiums | 1063 | (4) | 1 | (1) | (1) |  |  |  |  |  | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Post-secondary education fees | 2451 | 2418 | 2536 | 2651 | 2840 | 2911 | 2691 | 2578 | 2598 | 2658 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other health-care related fees | 475 | 372 | 417 | 519 | 591 | 631 | 642 | 651 | 660 | 661 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Motor vehicle licences and permits | 576 | 581 | 622 | 621 | 630 | 641 | 654 | 664 | 675 | 687 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other fees and licences | 1004 | 970 | 1025 | 1146 | 1217 | 1285 | 1311 | 1349 | 1390 | 1311 | 3.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment earnings | 1263 | 1264 | 1306 | 1314 | 1708 | 2159 | 1823 | 2000 | 2133 | 2255 | 6.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of goods and services | 1162 | 741 | 1059 | 1396 | 1548 | 1534 | 1645 | 1706 | 1588 | 1608 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous <sup>2</sup> | 2676 | 2395 | 2851 | 3049 | 3440 | 3926 | 6012 | 3501 | 3391 | 3388 | 2.7 |
|  | **10670** | **8737** | **9817** | **10695** | **11973** | **13087** | **14778** | **12449** | **12435** | **12568** | 1.8 |
| **Contributions from the federal government:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada Health Transfer | 5523 | 5701 | 6431 | 6432 | 7117 | 7203 | 7450 | 7855 | 8239 | 8556 | 5.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada Social Transfer | 1971 | 2042 | 2110 | 2174 | 2273 | 2339 | 2372 | 2454 | 2525 | 2605 | 3.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other cost shared agreements | 2041 | 5151 | 3439 | 3921 | 4344 | 4765 | 4788 | 5159 | 4339 | 4174 | 8.3 |
|  | **9535** | **12894** | **11980** | **12527** | **13734** | **14307** | **14610** | **15468** | **15103** | **15335** | 5.4 |
| **Commercial Crown corporation net income:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Hydro | 705 | 688 | 668 | 360 | 323 | 587 | 712 | 712 | 712 | 712 | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 1107 | 1161 | 1189 | 1199 | 1148 | 1094 | 950 | 945 | 897 | 847 | -2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Lottery Corporation <sup>3</sup> | 1336 | 420 | 1211 | 1584 | 1429 | 1295 | 1269 | 1293 | 1339 | 1386 | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;ICBC | (376) | 1528 | 2286 | 131 | 1399 | 1653 | 800 | 700 | 700 | 700 | -207.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 147 | 167 | 140 | 152 | 178 | 161 | 184 | 170 | 177 | 180 | 2.3 |
|  | **2919** | **3964** | **5494** | **3426** | **4477** | **4790** | **3915** | **3820** | **3825** | **3825** | 3.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenue** | **58493** | **62047** | **72391** | **81790** | **79623** | **84046** | **85082** | **85523** | **88578** | **91754** | 5.1 |

---

<sup>1</sup> Carbon tax revenue was eliminated effective April 1, 2025. Includes carbon tax revenue until 2024/25 and output-based pricing system revenue from large industrial emitters from 2025/26.

<sup>2</sup> Miscellaneous revenue includes $2.725 billion in 2025/26 in relation to the tobacco settlement and $139 million in 2026/27 to reflect the addition of health sector regulatory colleges under the *Health Professions and Occupations Act* to the government reporting entity effective April 1, 2026.

<sup>3</sup> Net of federal government payments and beginning in 2021/22, is also net of payments to the BC First Nations Gaming Revenue Sharing Limited Partnership in accordance with section 14.3 of the *Gaming Control Act (B.C.).*

164 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A10 Revenue by Source Supplementary Information – 2019/20 to 2028/29 <sup>1</sup>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actuals<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Per cent of nominal GDP:** <sup>2</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxation and Medical Services Plan premiums | 11.1 | 11.1 | 11.4 | 12.3 | 11.2 | 11.5 | 11 | 10.9 | 11.1 | 11.2 | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxation | 10.8 | 11.1 | 11.4 | 12.3 | 11.2 | 11.5 | 11 | 10.9 | 11.1 | 11.2 | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan premiums | 0.3 |  |  |  |  |  |  |  |  |  | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources | 0.7 | 0.7 | 1.2 | 1.5 | 0.8 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 3.5 | 2.8 | 2.8 | 2.7 | 2.9 | 3.1 | 3.3 | 2.7 | 2.6 | 2.5 | -3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other excluding |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan premiums | 3.1 | 2.8 | 2.8 | 2.7 | 2.9 | 3.1 | 3.3 | 2.7 | 2.6 | 2.5 | -2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions from the federal government | 3.1 | 4.2 | 3.4 | 3.1 | 3.3 | 3.3 | 3.3 | 3.3 | 3.1 | 3 | -0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporation net income | 0.9 | 1.3 | 1.5 | 0.9 | 1.1 | 1.1 | 0.9 | 0.8 | 0.8 | 0.8 | -2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenue** | **18.9** | **20.2** | **20.3** | **20.4** | **19.2** | **19.6** | **19.0** | **18.3** | **18.2** | **18.1** | -0.5 |
| **Growth rates (per cent):** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxation | 1.7 | 2.7 | 19.2 | 20.4 | -5.6 | 6.8 | -0.4 | 3.2 | 6.4 | 4.5 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources | -28.3 | 8.7 | 91.7 | 39.6 | -48.6 | -23.1 | 5.8 | 17.8 | 5.5 | 11.7 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 4.2 | -18.1 | 12.4 | 8.9 | 11.9 | 9.3 | 12.9 | -15.8 | -0.1 | 1.1 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Other excluding |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan premiums | 8.1 | -9 | 12.3 | 9 | 11.9 | 9.3 | 12.9 | -15.8 | -0.1 | 1.1 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions from the federal government | 5.3 | 35.2 | -7.1 | 4.6 | 9.6 | 4.2 | 2.1 | 5.9 | -2.4 | 1.5 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporation net income | 45.6 | 35.8 | 38.6 | -37.6 | 30.7 | 7 | -18.3 | -2.4 | 0.1 | 0 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenue** | **2.7** | **6.1** | **16.7** | **13.0** | **-2.6** | **5.6** | **1.2** | **0.5** | **3.6** | **3.6** | n/a |
| **Per capita ($):** <sup>3</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxation | 6509 | 6601 | 7790 | 9148 | 8394 | 8719 | 8640 | 8991 | 9529 | 9856 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources | 411 | 442 | 839 | 1141 | 570 | 426 | 448 | 533 | 560 | 619 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 2088 | 1688 | 1878 | 1996 | 2171 | 2308 | 2594 | 2204 | 2193 | 2193 | 0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other excluding |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan premiums | 1880 | 1689 | 1878 | 1996 | 2171 | 2308 | 2594 | 2204 | 2193 | 2193 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions from the federal government | 1866 | 2491 | 2292 | 2338 | 2490 | 2523 | 2564 | 2739 | 2663 | 2676 | 4.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporation net income | 571 | 766 | 1051 | 639 | 812 | 845 | 687 | 676 | 674 | 668 | 1.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenue** | **11444** | **11987** | **13850** | **15263** | **14437** | **14820** | **14933** | **15144** | **15619** | **16012** | 3.8 |
| **Real Per Capita Revenue (2025 $)** <sup>4</sup>** | **13805** | **14350** | **16130** | **16626** | **15134** | **15135** | **14933** | **14835** | **15004** | **15080** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Growth rate (per cent) | 0.7 | 4 | 12.4 | 3.1 | -9 | 0 | -1.3 | -0.7 | 1.1 | 0.5 | 1.1 |

---

<sup>1</sup> Numbers may not add due to rounding.

<sup>2</sup> Revenue as a per cent of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 revenue divided by nominal GDP for the 2026 calendar year).

<sup>3</sup> Per capita revenue is calculated using July 1 population (e.g. 2026/27 revenue divided by population on July 1, 2026).

<sup>4</sup> Revenue is converted to real (inflation-adjusted) terms using the consumer price index (CPI) for the corresponding calendar year (e.g. 2026 CPI for 2026/27 revenue).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 165

Appendix

**Table A11 Expense by Function – 2019/20 to 2028/29 <sup>1,2</sup>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actual<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Function:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Health: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan | 5013 | 5145 | 5776 | 6006 | 7071 | 8240 | 8420 | 9206 | 9445 | 9706 | 7.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pharmacare | 1517 | 1501 | 1579 | 1711 | 1906 | 1974 | 2134 | 2170 | 2102 | 2101 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regional services | 16054 | 18290 | 19574 | 21715 | 25261 | 27288 | 27491 | 28189 | 28828 | 29595 | 7.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other healthcare expenses | 872 | 677 | 662 | 890 | 625 | 680 | 968 | 1013 | 806 | 812 | -0.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total health | 23456 | 25613 | 27591 | 30322 | 34863 | 38182 | 39013 | 40578 | 41181 | 42214 | 6.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Education: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elementary and secondary | 7584 | 7444 | 8085 | 8585 | 9285 | 9990 | 10051 | 10255 | 10325 | 10348 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary | 6846 | 6872 | 7357 | 7517 | 8403 | 8856 | 9207 | 9297 | 9416 | 9577 | 3.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other education expenses | 312 | 630 | 361 | 891 | 791 | 763 | 455 | 518 | 543 | 572 | 7.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total education | 14742 | 14946 | 15803 | 16993 | 18479 | 19609 | 19713 | 20070 | 20284 | 20497 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social services: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social assistance | 2342 | 3141 | 2910 | 3157 | 3009 | 3599 | 3702 | 3889 | 3995 | 4093 | 6.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Child welfare | 1940 | 2226 | 2254 | 3168 | 3941 | 4547 | 4496 | 4791 | 4918 | 5003 | 11.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Low income tax credit transfers | 435 | 1131 | 754 | 1746 | 733 | 1015 | 347 | 42 | 42 | 42 | -22.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Community living and other services | 1170 | 1291 | 1350 | 1581 | 1601 | 1761 | 1962 | 2068 | 2031 | 2022 | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total social services | 5887 | 7789 | 7268 | 9652 | 9284 | 10922 | 10507 | 10790 | 10986 | 11160 | 7.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Protection of persons and property | 2126 | 2258 | 2937 | 3483 | 3101 | 3183 | 2931 | 2641 | 2643 | 2650 | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transportation | 2126 | 3362 | 4453 | 3319 | 2379 | 2933 | 2699 | 2924 | 2819 | 2913 | 3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources & economic development | 3778 | 4191 | 5213 | 6284 | 6704 | 6165 | 4551 | 4269 | 4293 | 4269 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other <sup>3</sup> | 2525 | 2862 | 3082 | 5736 | 4215 | 4022 | 3419 | 3542 | 3382 | 3247 | 2.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies Vote |  |  |  |  |  |  | 4000 | 5000 | 5000 | 5000 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;General government | 1657 | 3919 | 2040 | 2326 | 2341 | 2132 | 2824 | 2652 | 2574 | 2530 | 4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt servicing | 2727 | 2722 | 2742 | 2719 | 3292 | 4245 | 5039 | 6366 | 7581 | 8711 | 13.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total expense** | **59024** | **67662** | **71129** | **80834** | **84658** | **91393** | **94696** | **98832** | **100743** | **103191** |  |
| **Per cent of operating expense:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Health | 39.7 | 37.9 | 38.8 | 37.5 | 41.2 | 41.8 | 41.2 | 41.1 | 40.9 | 40.9 | 0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Education | 25.0 | 22.1 | 22.2 | 21.0 | 21.8 | 21.5 | 20.8 | 20.3 | 20.1 | 19.9 | -2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social services | 10.0 | 11.5 | 10.2 | 11.9 | 11.0 | 12.0 | 11.1 | 10.9 | 10.9 | 10.8 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Protection of persons and property | 3.6 | 3.3 | 4.1 | 4.3 | 3.7 | 3.5 | 3.1 | 2.7 | 2.6 | 2.6 | -3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transportation | 3.6 | 5.0 | 6.3 | 4.1 | 2.8 | 3.2 | 2.9 | 3.0 | 2.8 | 2.8 | -2.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources & economic development | 6.4 | 6.2 | 7.3 | 7.8 | 7.9 | 6.7 | 4.8 | 4.3 | 4.3 | 4.1 | -4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 4.3 | 4.2 | 4.3 | 7.1 | 5.0 | 4.4 | 3.6 | 3.6 | 3.4 | 3.1 | -3.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies Vote |  |  |  |  |  |  | 4.2 | 5.1 | 5.0 | 4.8 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;General government | 2.8 | 5.8 | 2.9 | 2.9 | 2.8 | 2.3 | 3.0 | 2.7 | 2.6 | 2.5 | -1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt servicing | 4.6 | 4.0 | 3.9 | 3.4 | 3.9 | 4.6 | 5.3 | 6.4 | 7.5 | 8.4 | 6.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating expense** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** | **100.0** |  |

---

<sup>1</sup> Figures reflect government accounting policies used in the *2024/25 Public Accounts* audited financial statements.

<sup>2</sup> Numbers may not add due to rounding.

<sup>3</sup> Other spending includes expenditure management forecasted savings of $400 million in 2025/26. Expenditure management targets for 2026/27 onwards are reflected in base budgets.

166 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A12 Expense by Function Supplementary Information – 2019/20 to 2028/29 <sup>1</sup>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actual<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Per cent of nominal GDP:** <sup>2</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Health | 7.6 | 8.3 | 7.7 | 7.6 | 8.4 | 8.9 | 8.7 | 8.7 | 8.5 | 8.3 | 1.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Education | 4.8 | 4.9 | 4.4 | 4.2 | 4.5 | 4.6 | 4.4 | 4.3 | 4.2 | 4.1 | -1.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social services | 1.9 | 2.5 | 2 | 2.4 | 2.2 | 2.5 | 2.4 | 2.3 | 2.3 | 2.2 | 1.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Protection of persons and property | 0.7 | 0.7 | 0.8 | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | -3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transportation | 0.7 | 1.1 | 1.2 | 0.8 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | -2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources & economic development | 1.2 | 1.4 | 1.5 | 1.6 | 1.6 | 1.4 | 1 | 0.9 | 0.9 | 0.8 | -4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0.8 | 0.9 | 0.9 | 1.4 | 1 | 0.9 | 0.8 | 0.8 | 0.7 | 0.6 | -2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies Vote |  |  |  |  |  |  | 0.9 | 1.1 | 1 | 1 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;General government | 0.5 | 1.3 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | -0.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt servicing | 0.9 | 0.9 | 0.8 | 0.7 | 0.8 | 1 | 1.1 | 1.4 | 1.6 | 1.7 | 7.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating expense** | **19.1** | **22.0** | **19.9** | **20.2** | **20.4** | **21.3** | **21.2** | **21.2** | **20.7** | **20.4** | 0.7 |
| **Growth rates (per cent):** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Health | 5.9 | 9.2 | 7.7 | 9.9 | 15 | 25.9 | 11.9 | 4 | 1.5 | 4 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Education | 4.6 | 1.4 | 5.7 | 7.5 | 8.7 | 15.4 | 6.7 | 1.8 | 1.1 | 2.1 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Social services | 10.2 | 32.3 | -6.7 | 32.8 | -3.8 | 13.2 | 13.2 | 2.7 | 1.8 | 3.4 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Protection of persons and property | 6.1 | 6.2 | 30.1 | 18.6 | -11 | -8.6 | -5.5 | -9.9 | 0.1 | 0.3 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Transportation | 5.2 | 58.1 | 32.5 | -25.5 | -28.3 | -11.6 | 13.5 | 8.3 | -3.6 | -0.4 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources & economic development | -1.2 | 10.9 | 24.4 | 20.5 | 6.7 | -1.9 | -32.1 | -6.2 | 0.6 | 0 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 37.9 | 13.3 | 7.7 | 86.1 | -26.5 | -29.9 | -18.9 | 3.6 | -4.5 | -8.3 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies Vote |  |  |  |  |  |  |  | 25 |  |  | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;General government | -1 | 136.5 | -47.9 | 14 | 0.6 | -8.3 | 20.6 | -6.1 | -2.9 | -4.6 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt servicing | 1.6 | -0.2 | 0.7 | -0.8 | 21.1 | 56.1 | 53.1 | 26.3 | 19.1 | 36.8 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating expense** | **6.1** | **14.6** | **5.1** | **13.6** | **4.7** | **13.1** | **11.9** | **4.4** | **1.9** | **4.4** | n/a |
| **Per capita ($):** <sup>3</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Health | 4589 | 4948 | 5279 | 5658 | 6321 | 6733 | 6847 | 7185 | 7262 | 7367 | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Education | 2884 | 2888 | 3024 | 3171 | 3351 | 3458 | 3460 | 3554 | 3577 | 3577 | 2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social services | 1152 | 1505 | 1391 | 1801 | 1683 | 1926 | 1844 | 1911 | 1937 | 1948 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Protection of persons and property | 416 | 436 | 562 | 650 | 562 | 561 | 514 | 468 | 466 | 462 | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transportation | 416 | 650 | 852 | 619 | 431 | 517 | 474 | 518 | 497 | 508 | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural resources & economic development | 739 | 810 | 997 | 1173 | 1216 | 1087 | 799 | 756 | 757 | 745 | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 494 | 553 | 590 | 1070 | 764 | 709 | 600 | 627 | 596 | 567 | 1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies Vote |  |  |  |  |  |  | 702 | 885 | 882 | 873 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;General government | 324 | 757 | 390 | 434 | 424 | 376 | 496 | 470 | 454 | 442 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt servicing | 534 | 526 | 525 | 507 | 597 | 749 | 884 | 1127 | 1337 | 1520 | 12.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating expense** | **11548** | **13073** | **13610** | **15083** | **15349** | **16116** | **16620** | **17501** | **17765** | **18009** | 5.1 |
| **Real Per Capita Operating Expense (2025 $)** <sup>4</sup>** | **13930** | **15649** | **15849** | **16432** | **16091** | **16458** | **16621** | **17142** | **17067** | **16964** | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Growth rate (per cent) | 1.8 | 12.3 | 1.3 | 3.7 | -2.1 | 2.3 | 1 | 3.1 | -0.4 | -0.6 | 2.2 |

---

<sup>1</sup> Numbers may not add due to rounding.

<sup>2</sup> Expense as a per cent of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 expense divided by nominal GDP for the 2026 calendar year).

<sup>3</sup> Per capita expense is calculated using July 1 population (e.g. 2026/27 expense divided by population on July 1, 2026).

<sup>4</sup> Expense is converted to real (inflation-adjusted) terms using the consumer price index (CPI) for the corresponding calendar year (e.g. 2026 CPI for 2026/27 expense).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 167

Appendix

**Table A13 Full-Time Equivalents (FTEs) – 2019/20 to 2028/29** <sup>1</sup>

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actual<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Taxpayer-supported programs and agencies:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ministries and special offices (CRF) | 31774 | 32672 | 33400 | 33696 | 37008 | 39036 | 37500 |  |  |  | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted forecast for impacts of job action <sup>2</sup> |  |  |  |  |  |  | 38500 | 37700 | 36500 | 36000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service delivery agencies <sup>3</sup> | 5985 | 6042 | 6767 | 7746 | 8666 | 9575 | 10155 | 9369 | 8420 | 8166 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total FTEs** <sup>4</sup>** | **37759** | **38714** | **40167** | **41442** | **45674** | **48611** | **47655** | **47069** | **44920** | **44166** | 1.8 |
| **Growth rates (per cent):** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ministries and special offices (CRF) | 2.9 | 2.8 | 2.2 | 0.9 | 9.8 | 5.5 | -3.9 | 0.5 | (3.2) | (1.4) | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Service delivery agencies | 13.8 | 1 | 12 | 14.5 | 11.9 | 10.5 | 6.1 | -7.7 | -10.1 | -12.8 | n/a |
| **Population per FTE:** <sup>5</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total FTEs | 135.4 | 133.7 | 130.1 | 129.3 | 120.8 | 116.7 | 119.6 | 120 | 126.2 | 129.7 | -0.5 |

---

<sup>1</sup> Full-time equivalents (FTEs) are a measure of staff employment. FTEs are calculated by dividing the total hours of employment paid for in a given period by the number of hours an individual, full-time person would normally work in that period. This does not equate to the physical number of employees. For example, two half-time employees would equal one FTE, or alternatively, three FTEs may represent two full-time employees who have worked sufficient overtime hours to equal an additional FTE.

<sup>2</sup> This row shows the FTE forecast excluding the estimated impacts of job action. Forecasts for 2026/27 onwards are based on the adjusted 2025/26 forecast of 38,500 FTEs.

<sup>3</sup> Service delivery agency FTE amounts do not include education and health sector organizations (SUCH sector) staff employment, per requirements of the *Budget Transparency and Accountability Act.*

<sup>4</sup> The total FTEs for 2025/26 is based on the forecast, which includes the impacts of job action.

<sup>5</sup> Population per FTE is calculated using July 1 population (e.g. population on July 1, 2026 divided by 2026/27 FTEs).

168 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A14 Capital Spending – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual<br> 2019/20 | Actual<br> 2020/21 | Actual<br> 2021/22 | Actual<br> 2022/23 | Actual<br> 2023/24 | Actual<br> 2024/25 | Updated<br> Forecast<br> 2025/26 | Budget<br> Estimate<br> 2026/27 | Plan<br> 2027/28 | Plan<br> 2028/29 | Average<br> annual<br> change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Taxpayer-supported:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Education |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schools districts | 877 | 944 | 1001 | 934 | 874 | 1199 | 1377 | 1503 | 1395 | 1046 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 936 | 904 | 899 | 1071 | 1227 | 1527 | 1484 | 1657 | 1488 | 1281 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Health | 1009 | 1162 | 1555 | 1915 | 2998 | 3226 | 3713 | 3796 | 3924 | 3385 | 14.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 955 | 1285 | 1364 | 1823 | 2263 | 3013 | 4027 | 4791 | 4382 | 3513 | 15.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Transit | 73 | 107 | 67 | 100 | 158 | 151 | 295 | 325 | 489 | 347 | 18.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Government direct (ministries) | 520 | 389 | 386 | 470 | 537 | 468 | 562 | 483 | 410 | 466 | -1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social Housing | 355 | 572 | 642 | 357 | 587 | 603 | 775 | 914 | 959 | 794 | 9.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 47 | 65 | 88 | 85 | 128 | 192 | 234 | 195 | 70 | 53 | 1.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total taxpayer-supported** | **4772** | **5428** | **6002** | **6755** | **8772** | **10379** | **12467** | **13664** | **13117** | **10885** | 9.6 |
| **Self-supported:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Hydro | 3082 | 3207 | 3475 | 3919 | 4263 | 4015 | 4288 | 4760 | 4839 | 4991 | 5.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Columbia Basin power projects | 994 | 7 | 9 | 10 | 8 | 16 | 18 | 19 | 23 | 18 | -36 |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Railway Company | 6 | 1 | 2 | 6 | 4 | 4 | 4 | 6 | 6 | 4 | -4.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;ICBC | 62 | 100 | 54 | 41 | 64 | 43 | 178 | 113 | 60 | 61 | -0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Lottery Corporation <sup>1</sup> | 102 | 73 | 90 | 95 | 84 | 100 | 98 | 95 | 90 | 90 | -1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Liquor Distribution Branch | 36 | 22 | 22 | 16 | 18 | 22 | 20 | 20 | 30 | 30 | -2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other <sup>2</sup> | 104 | 65 | 78 | 78 | 143 | 202 | - | - | - | - | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total self-supported** | **4386** | **3475** | **3730** | **4165** | **4584** | **4402** | **4606** | **5013** | **5048** | **5194** | 1.9 |
| **Total capital spending** | **9158** | **8903** | **9732** | **10920** | **13356** | **14781** | **17073** | **18677** | **18165** | **16079** | 6.5 |
| **Per cent of nominal GDP:** <sup>3</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 1.5 | 1.8 | 1.7 | 1.7 | 2.1 | 2.4 | 2.8 | 2.9 | 2.7 | 2.2 | 3.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-supported | 1.4 | 1.1 | 1 | 1 | 1.1 | 1 | 1 | 1.1 | 1 | 1 | -3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | 3 | 2.9 | 2.7 | 2.7 | 3.2 | 3.4 | 3.8 | 4 | 3.7 | 3.2 | 0.8 |
| **Growth rates:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 7.2 | 13.7 | 10.6 | 12.5 | 29.9 | 18.3 | 20.1 | 9.6 | -4 | -17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-supported | 6.8 | -20.8 | 7.3 | 11.7 | 10.1 | -4 | 4.6 | 8.8 | 0.7 | 2.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital spending | 7 | -2.8 | 9.3 | 12.2 | 22.3 | 10.7 | 15.5 | 9.4 | -2.7 | -11.5 |  |
| **Per capita:** <sup>4</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 934 | 1049 | 1148 | 1261 | 1590 | 1830 | 2188 | 2419 | 2313 | 1900 | 8.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-supported | 858 | 671 | 714 | 777 | 831 | 776 | 808 | 888 | 890 | 906 | 0.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital spending | 1792 | 1720 | 1862 | 2038 | 2422 | 2606 | 2997 | 3307 | 3203 | 2806 | 5.1 |
| **Real Per Capita Capital Spending (2025 $)** <sup>5</sup>** | **2161** | **2059** | **2168** | **2220** | **2539** | **2662** | **2997** | **3239** | **3077** | **2643** | 2.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Growth rate (per cent) | 2.7 | -4.7 | 5.3 | 2.4 | 14.4 | 4.9 | 12.6 | 8.1 | -5 | -14.1 |  |

---

<sup>1</sup> Forecasted amounts exclude right-of-use assets.

<sup>2</sup> Includes post-secondary institutions' self-supported subsidiaries (actuals only, no forecast provided).

<sup>3</sup> Capital spending as a per cent of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 amounts divided by nominal GDP for the 2026 calendar year).

<sup>4</sup> Per capita capital spending is calculated using July 1 population (e.g. 2026/27 amounts divided by population on July 1, 2026).

<sup>5</sup> Capital spending is converted to real (inflation-adjusted) terms using the consumer price index (CPI) for the corresponding calendar year (e.g. 2026 CPI for 2026/27 capital spending).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 169

Appendix

**Table A15 Statement of Financial Position – 2019/20 to 2028/29 <sup>1</sup>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 | Updated Forecast <br>2025/26 | Budget Estimate<br>2026/27 | Plan 2027/28 | Plan 2028/29 | Average annual change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Financial assets:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and temporary investments | 3985 | 6560 | 7142 | 8247 | 6768 | 13341 | 8555 | 8217 | 8157 | 8396 | 8.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 12413 | 15413 | 17109 | 19074 | 22057 | 24071 | 27517 | 30245 | 31540 | 32916 | 11.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sinking funds | 692 | 492 | 510 | 521 | 491 | 562 | 363 | 376 | 412 | 451 | -4.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments in commercial Crown corporations: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retained earnings* | 6523 | 9632 | 12426 | 12926 | 14677 | 16985 | 18629 | 20070 | 21517 | 22961 | 15.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Recoverable capital loans* | 24768 | 26301 | 27218 | 28037 | 30572 | 33577 | 35736 | 38706 | 41118 | 43695 | 6.5 |
|  | 31291 | 35933 | 39644 | 40963 | 45249 | 50562 | 54365 | 58776 | 62635 | 66656 | 8.8 |
| **Total financial assets** | **48381** | **58398** | **64405** | **68805** | **74565** | **88536** | **90800** | **97614** | **102744** | **108419** | 9.4 |
| **Liabilities:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable, accrued liabilities & others | 13100 | 14733 | 18509 | 25400 | 23769 | 24395 | 24154 | 24268 | 23862 | 23031 | 6.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 9895 | 11557 | 12796 | 14494 | 15082 | 16213 | 17721 | 19319 | 20124 | 20890 | 8.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported debt | 46229 | 59750 | 62341 | 59888 | 75402 | 99089 | 116540 | 142897 | 166906 | 189019 | 16.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Self-supported debt | 25932 | 27350 | 28325 | 29492 | 32060 | 34788 | 37519 | 40477 | 42949 | 45540 | 6.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total provincial debt | 72161 | 87100 | 90666 | 89380 | 107462 | 133877 | 154059 | 183374 | 209855 | 234559 | 14.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add*: debt offset by sinking funds | 692 | 492 | 510 | 521 | 491 | 562 | 363 | 376 | 412 | 451 | -4.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add*: foreign exchange adjustments |  |  |  | 472 | 494 | 2434 | 1803 | 523 | 815 | 443 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: guarantees & non-guaranteed debt | (1337) | (1335) | (1402) | (1523) | (1476) | (1639) | (1789) | (2277) | (2437) | (2851) | 8.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial statement debt | 71516 | 86257 | 89774 | 88850 | 106971 | 135234 | 154436 | 181996 | 208645 | 232602 | 14.0 |
| **Total liabilities** | **94511** | **112547** | **121079** | **128744** | **145822** | **175842** | **196311** | **225583** | **252631** | **276523** | 12.7 |
| **Net liabilities** | **(46130)** | **(54149)** | **(56674)** | **(59939)** | **(71257)** | **(87306)** | **(105511)** | **(127969)** | **(149887)** | **(168104)** | 15.5 |
| **Capital and other assets:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible capital assets | 50104 | 52861 | 56142 | 59818 | 65583 | 72736 | 81961 | 92213 | 101653 | 108662 | 9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted assets | 1931 | 2003 | 2147 | 2224 | 2352 | 2464 | 2535 | 2609 | 2682 | 2757 | 4.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 1100 | 1582 | 1791 | 1347 | 1701 | 2096 | 2134 | 2272 | 2256 | 2362 | 8.9 |
| **Total capital and other assets** | **53135** | **56446** | **60080** | **63389** | **69636** | **77296** | **86630** | **97094** | **106591** | **113781** | 8.8 |
| **Accumulated surplus (deficit)** | **7005** | **2297** | **3406** | **3450** | **(1621)** | **(10010)** | **(18881)** | **(30875)** | **(43296)** | **(54323)** |  |
| **Per cent of Nominal GDP: <sup>2</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net liabilities | 14.9 | 17.6 | 15.9 | 15.0 | 17.2 | 20.3 | 23.6 | 27.4 | 30.9 | 33.2 | 9.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital and other assets | 17.2 | 18.4 | 16.8 | 15.8 | 16.8 | 18.0 | 19.4 | 20.8 | 21.9 | 22.5 | 3.0 |
| **Growth rates:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net liabilities | 7.5 | 17.4 | 4.7 | 5.8 | 18.9 | 22.5 | 20.9 | 21.3 | 17.1 | 12.2 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital and other assets | 4.8 | 6.2 | 6.4 | 5.5 | 9.9 | 11.0 | 12.1 | 12.1 | 9.8 | 6.7 | n/a |
| **Per capita: <sup>3</sup>** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net liabilities | 9026 | 10461 | 10843 | 11185 | 12920 | 15395 | 18519 | 22660 | 26430 | 29336 | 14.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital and other assets | 10396 | 10905 | 11495 | 11829 | 12626 | 13630 | 15205 | 17193 | 18796 | 19856 | 7.5 |

---

<sup>1</sup> Figures have been restated to reflect government's current accounting policies.

<sup>2</sup> Net liabilities as a per cent of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 amount divided by GDP for the 2026 calendar year).

<sup>3</sup> Per capita net liabilities is calculated using July 1 population (e.g. 2026/27 amount divided by population on July 1, 2026).

170 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A16 Changes in Financial Position – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 | Updated Forecast 2025/26 | Budget Estimate 2026/27 | Plan 2027/28 | Plan 2028/29 | 10-Year Total |
| **(Surplus) deficit for the year** | **531** | **5615** | **(1262)** | **(956)** | **5035** | **7347** | **9614** | **13309** | **12165** | **11437** | **62835** |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in remeasurement (gains) losses | 250 | (907) | 153 | 912 | 36 | 1042 | (743) | (1315) | 256 | (410) | (726) |
| Change in accumulated (surplus) deficit | **781** | **4708** | **(1109)** | **(44)** | **5071** | **8389** | 8871 | 11994 | 12421 | 11027 | 62109 |
| **Capital and other asset changes:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported capital investments | 4772 | 5428 | 6002 | 6755 | 8772 | 10379 | 12467 | 13664 | 13117 | 10885 | 92241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: amortization and other accounting changes | (2577) | (2671) | (2721) | (3079) | (3007) | (3226) | (3242) | (3412) | (3677) | (3876) | (31488) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in net capital assets | 2195 | 2757 | 3281 | 3676 | 5765 | 7153 | 9225 | 10252 | 9440 | 7009 | 60753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in restricted assets | 97 | 72 | 144 | 77 | 128 | 112 | 71 | 74 | 73 | 75 | 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in other assets | 148 | 482 | 209 | (444) | 354 | 395 | 38 | 138 | (16) | 106 | 1410 |
| Change in capital and other assets | 2440 | 3311 | 3634 | 3309 | 6247 | 7660 | 9334 | 10464 | 9497 | 7190 | 63086 |
| **Increase (decrease) in net liabilities** | **3221** | **8019** | **2525** | **3265** | **11318** | **16049** | **18205** | **22458** | **21918** | **18217** | **125195** |
| **Investment and working capital changes:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment in commercial Crown corporations: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in retained earnings | 785 | 3109 | 2794 | 500 | 1751 | 2308 | 1644 | 1441 | 1447 | 1444 | 17223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Self-supported capital investments | 4386 | 3475 | 3730 | 4165 | 4584 | 4402 | 4606 | 5013 | 5048 | 5194 | 44603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less*: loan repayments and other accounting changes | (2165) | (1942) | (2813) | (3346) | (2049) | (1397) | (2447) | (2043) | (2636) | (2617) | (23455) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in investment | 3006 | 4642 | 3711 | 1319 | 4286 | 5313 | 3803 | 4411 | 3859 | 4021 | 38371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in cash and temporary investments | 956 | 2575 | 582 | 1105 | (1479) | 6573 | (4786) | (338) | (60) | 239 | 5367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other working capital changes <sup>1</sup> | (1531) | (495) | (3301) | (6613) | 3996 | 328 | 1980 | 1029 | 932 | 1480 | (2195) |
| **Change in investment and working capital** | **2431** | **6722** | **992** | **(4189)** | **6803** | **12214** | **997** | **5102** | **4731** | **5740** | **41543** |
| **Increase (decrease) in financial statement debt** | **5652** | **14741** | **3517** | **(924)** | **18121** | **28263** | **19202** | **27560** | **26649** | **23957** | **166738** |
| &nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in sinking fund debt | 60 | 200 | (18) | (11) | 30 | (71) | 199 | (13) | (36) | (39) | 301 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in foreign exchange adjustments |  |  |  | (472) | (22) | (1940) | 631 | 1280 | (292) | 372 | (443) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in guarantees | 57 | 113 | 9 | (227) | (80) | 172 |  | 500 | 100 | 400 | 1044 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in non-guaranteed debt | 430 | (115) | 58 | 348 | 33 | (9) | 150 | (12) | 60 | 14 | 957 |
| **Increase (decrease) in total provincial debt** | **6199** | **14939** | **3566** | **(1286)** | **18082** | **26415** | **20182** | **29315** | **26481** | **24704** | **168597** |
| **Represented by increase (decrease) in:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Taxpayer-supported debt** | **3548** | **13521** | **2591** | **(2453)** | **15514** | **23687** | **17451** | **26357** | **24009** | **22113** | **146338** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Self-supported debt** | **2651** | **1418** | **975** | **1167** | **2568** | **2728** | **2731** | **2958** | **2472** | **2591** | **22259** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total provincial debt** | **6199** | **14939** | **3566** | **(1286)** | **18082** | **26415** | **20182** | **29315** | **26481** | **24704** | **168597** |

---

<sup>1</sup> Includes changes in other financial assets, sinking funds, accounts payable, deferred revenue and other accrued liabilities.

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 171

Appendix

**Table A17 Provincial Debt – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 | Updated Forecast 2025/26 | Budget Estimate 2026/27 | Plan 2027/28 | Plan 2028/29 | Average annual change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Taxpayer-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Provincial government** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating | - | 8746 | 7233 | - | 8729 | 24516 | 31866 | 45522 | 57563 | 69000 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital <sup>1</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K-12 education | 9757 | 10529 | 11342 | 10893 | 11643 | 12563 | 13674 | 14910 | 16065 | 17013 | 6.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 4917 | 5426 | 5732 | 5502 | 5979 | 6663 | 7408 | 8194 | 8995 | 9658 | 7.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health facilities | 6705 | 7484 | 8223 | 8286 | 10109 | 12559 | 15274 | 18014 | 21048 | 23957 | 15.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministries general capital | 3133 | 3702 | 4087 | 4549 | 5084 | 5552 | 6082 | 6567 | 6977 | 7444 | 10.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transportation | 5401 | 5401 | 5401 | 5391 | 5391 | 5330 | 5330 | 5331 | 5332 | 5334 | -0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social housing | 805 | 1062 | 1424 | 1648 | 2024 | 2386 | 2941 | 3659 | 4406 | 5175 | 23.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 252 | 268 | 278 | 269 | 352 | 486 | 621 | 681 | 691 | 751 | 12.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital | 30970 | 33872 | 36487 | 36538 | 40582 | 45539 | 51330 | 57356 | 63514 | 69332 | 9.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total provincial government** | **30970** | **42618** | **43720** | **36538** | **49311** | **70055** | **83196** | **102878** | **121077** | **138332** | 18.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Taxpayer-supported entities:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Pavilion Corporation | 135 | 132 | 129 | 126 | 123 | 20 | 116 | 112 | 108 | 104 | -2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transit | 65 | 60 | 56 | 53 | 109 | 976 | 135 | 206 | 444 | 421 | 23.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | 12193 | 13321 | 14615 | 18946 | 21286 | 2333 | 27979 | 32959 | 38216 | 43338 | 15.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Authorities and Hospital Societies | 1802 | 1875 | 1839 | 1983 | 2387 | 24078 | 2281 | 2227 | 2169 | 2104 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InBC Investment Corp | 45 | 37 | 19 | 21 | 60 | 119 | 146 | 186 | 230 | 284 | 22.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | 753 | 882 | 922 | 910 | 897 | 119 | 1000 | 1060 | 1061 | 1099 | 4.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School districts | 18 | 24 | 25 | 21 | 19 | 117 | 15 | 10 | 6 | 4 | -15.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social housing | 222 | 770 | 974 | 1241 | 1182 | 1237 | 1642 | 2729 | 2967 | 2324 | 29.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other <sup>2</sup> | 26 | 31 | 42 | 49 | 28 | 35 | 30 | 530 | 628 | 1009 | 50.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total taxpayer-supported entities** | **15259** | **17132** | **18621** | **23350** | **26091** | **29034** | **33344** | **40019** | **45829** | **50687** | 14.3 |
| **Total taxpayer-supported debt** | **46229** | **59750** | **62341** | **59888** | **75402** | **99089** | **116540** | **142897** | **166906** | **189019** | 16.9 |
| **Self-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporations and agencies |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Hydro | 23238 | 24650 | 25611 | 26707 | 29351 | 31890 | 34445 | 37410 | 39865 | 42460 | 6.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Liquor Distribution Branch | 210 | 233 | 230 | 242 | 233 | 233 | 205 | 209 | 271 | 288 | 3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Lottery Corporation | 233 | 228 | 195 | 201 | 169 | 189 | 217 | 223 | 194 | 186 | -2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Basin power projects | 1387 | 1349 | 1319 | 1298 | 1265 | 1227 | 1195 | 1171 | 1152 | 1133 | -2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Power Corporation | 276 | 271 | 266 | 270 | 266 | 259 | 251 | 242 | 232 | 221 | -2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institution subsidiaries | 504 | 520 | 615 | 685 | 682 | 896 | 980 | 980 | 980 | 980 | 7.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 84 | 99 | 89 | 89 | 94 | 94 | 226 | 242 | 255 | 272 | 13.9 |
| **Total self-supported debt** | **25932** | **27350** | **28325** | **29492** | **32060** | **34788** | **37519** | **40477** | **42949** | **45540** | 6.5 |
| **Total provincial debt** | **72161** | **87100** | **90666** | **89380** | **107462** | **133877** | **154059** | **183374** | **209855** | **234559** | 14.0 |

---

<sup>1</sup> Includes debt incurred by the government to fund the building and construction of capital assets in the education, health, social housing and other sectors.

<sup>2</sup> Forecast includes potential provincial First Nation equity loan guarantees that may be authorized by Treasury Board under the First Nations Equity Financing program.

172 \| Budget and Fiscal Plan - 2026/27 to 2028/29

Appendix

**Table A18 Provincial Debt Supplementary Information – 2019/20 to 2028/29<sup>1</sup>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ($ millions) | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 | Updated Forecast 2025/26 | Budget Estimate 2026/27 | Plan 2027/28 | Plan 2028/29 | Average <br>annual change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| **Per cent of nominal GDP:** <sup>2</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Taxpayer-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government direct operating |  | 2.8 | 2.0 |  | 2.1 | 5.7 | 7.1 | 9.8 | 11.9 | 13.6 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government capital | 10.0 | 11.0 | 10.2 | 9.1 | 9.8 | 10.6 | 11.5 | 12.3 | 13.1 | 13.7 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial government | 10.0 | 13.9 | 12.2 | 9.1 | 11.9 | 16.3 | 18.6 | 22.0 | 24.9 | 27.3 | 11.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported entities | 4.9 | 5.6 | 5.2 | 5.8 | 6.3 | 6.8 | 7.5 | 8.6 | 9.4 | 10.0 | 8.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total taxpayer-supported debt | 15.0 | 19.4 | 17.5 | 15.0 | 18.2 | 23.1 | 26.1 | 30.6 | 34.4 | 37.4 | 10.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Self-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporations & agencies | 8.4 | 8.9 | 7.9 | 7.4 | 7.7 | 8.1 | 8.4 | 8.7 | 8.8 | 9.0 | 0.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total provincial debt** | **23.4** | **28.3** | **25.4** | **22.3** | **25.9** | **31.2** | **34.5** | **39.3** | **43.2** | **46.4** | 7.9 |
| **Growth rates (per cent):** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Taxpayer-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government direct operating |  |  | -17.3 | -100.0 |  | 180.9 | 30.0 | 42.9 | 26.5 | 19.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government capital | 9.5 | 9.4 | 7.7 | 0.1 | 11.1 | 12.2 | 12.7 | 11.7 | 10.7 | 9.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported entities | 6.0 | 12.3 | 8.7 | 25.4 | 11.7 | 11.3 | 14.8 | 20.0 | 14.5 | 10.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total taxpayer-supported debt | 8.3 | 29.2 | 4.3 | -3.9 | 25.9 | 31.4 | 17.6 | 22.6 | 16.8 | 13.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Self-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporations & agencies | 11.4 | 5.5 | 3.6 | 4.1 | 8.7 | 8.5 | 7.9 | 7.9 | 6.1 | 6.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total provincial debt** | **9.4** | **20.7** | **4.1** | **-1.4** | **20.2** | **24.6** | **43.4** | **37.0** | **36.2** | **27.9** |  |
| **Per capita:** <sup>3</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Taxpayer-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government direct operating |  | 1690 | 1384 |  | 1583 | 4323 | 5593 | 8061 | 10150 | 12041 | n/a |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial government capital | 6059 | 6544 | 6981 | 6818 | 7358 | 8030 | 9009 | 10156 | 11200 | 12099 | 8.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported entities | 2986 | 3310 | 3563 | 4357 | 4731 | 5120 | 5852 | 7086 | 8081 | 8845 | 12.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total taxpayer-supported debt | 9045 | 11543 | 11927 | 11176 | 13671 | 17473 | 20454 | 25303 | 29431 | 32986 | 15.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Self-supported debt:** |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Crown corporations & agencies | 5074 | 5284 | 5419 | 5503 | 5813 | 6134 | 6585 | 7167 | 7573 | 7947 | 5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total provincial debt** | **14119** | **16827** | **17347** | **16679** | **19484** | **23607** | **27040** | **32470** | **37005** | **40933** | 12.6 |
| **Real Per Capita Provincial Debt (2025 $)** <sup>4</sup> | **17031** | **20145** | **20202** | **18169** | **20425** | **24109** | **27040** | **31805** | **35551** | **38561** | 9.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Growth rate (per cent) | 5.0 | 18.3 | 0.3 | -10.1 | 12.4 | 18.0 | 12.2 | 17.6 | 11.8 | 8.5 |  |

---

<sup>1</sup> Numbers may not add due to rounding.

<sup>2</sup> Debt as a per cent of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. 2026/27 debt divided by nominal GDP for the 2026 calendar year).

<sup>3</sup> Per capita debt is calculated using July 1 population (e.g. 2026/27 debt divided by population on July 1, 2026).

<sup>4</sup> Debt is converted to real (inflation-adjusted) terms using the consumer price index (CPI) for the corresponding calendar year (e.g. 2026 CPI for 2026/27 debt).

Budget and Fiscal Plan - 2026/27 to 2028/29 \| 173

Appendix

**Table A19 Key Provincial Debt Indicators – 2019/20 to 2028/29**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 | Updated Forecast 2025/26 | Budget Estimate 2026/27 | Plan 2027/28 | Plan 2028/29 | Average annual change |
|  |  |  |  |  |  |  |  |  |  |  | (per cent) |
| Debt to revenue (per cent) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 95.9 | 115.2 | 104.4 | 90.7 | 113.4 | 134.8 | 150.8 | 177.4 | 196.0 | 210.8 | 9.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 80.6 | 101.4 | 90.9 | 74.3 | 97.9 | 122.7 | 141.8 | 173.2 | 195.3 | 213.5 | 11.4 |
| Debt per capita ($) <sup>1</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 14119 | 16828 | 17346 | 16678 | 19485 | 23607 | 27037 | 32473 | 37005 | 40935 | 12.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 9045 | 11544 | 11927 | 11175 | 13672 | 17473 | 20453 | 25305 | 29431 | 32988 | 15.5 |
| Debt to nominal GDP (per cent) <sup>2</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 23.4 | 28.3 | 25.4 | 22.3 | 25.9 | 31.2 | 34.5 | 39.3 | 43.2 | 46.4 | 7.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 15.0 | 19.4 | 17.5 | 15.0 | 18.2 | 23.1 | 26.1 | 30.6 | 34.4 | 37.4 | 10.7 |
| Interest bite (cents per dollar of revenue) <sup>3</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 3.8 | 3.7 | 3.3 | 3.2 | 3.8 | 4.6 | 5.1 | 6.3 | 7.2 | 8.0 | 8.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 3.1 | 3.1 | 2.8 | 2.5 | 3.2 | 4.1 | 4.9 | 6.2 | 7.3 | 8.2 | 11.3 |
| Interest costs ($ millions) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 2872 | 2817 | 2848 | 3116 | 3647 | 4600 | 5253 | 6542 | 7758 | 8908 | 13.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 1807 | 1832 | 1896 | 2032 | 2444 | 3278 | 4019 | 5154 | 6249 | 7279 | 16.7 |
| Interest rate (per cent) <sup>4</sup> |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported | 4.1 | 3.5 | 3.1 | 3.3 | 3.6 | 3.8 | 3.7 | 4.0 | 4.0 | 4.1 | 0.1 |
| **Background Information:** |  |  |  |  |  |  |  |  |  |  |  |
| Revenue ($ millions) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial <sup>5</sup> | 75283 | 75583 | 86832 | 98583 | 94769 | 99315 | 102153 | 103378 | 107081 | 111256 | 4.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported <sup>6</sup> | 57386 | 58925 | 68587 | 80575 | 77043 | 80729 | 82161 | 82527 | 85452 | 88516 | 4.9 |
| Debt ($ millions) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total provincial | 72161 | 87100 | 90666 | 89380 | 107462 | 133877 | 154059 | 183374 | 209855 | 234559 | 14.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxpayer-supported <sup>7</sup> | 46229 | 59750 | 62341 | 59888 | 75402 | 99089 | 116540 | 142897 | 166906 | 189019 | 16.9 |
| Provincial nominal GDP ($ millions) <sup>8</sup> | 308993 | 307412 | 357002 | 400154 | 414465 | 429089 | 446860 | 466640 | 485669 | 505941 | 5.6 |
| Population (thousands at July 1) <sup>9</sup> | 5111 | 5176 | 5227 | 5359 | 5515 | 5671 | 5698 | 5647 | 5671 | 5730 | 1.3 |

---

<sup>1</sup> The ratio of debt to population (e.g. 2026/27 debt divided by population at July 1, 2026).

<sup>2</sup> The ratio of debt outstanding at fiscal year end to provincial nominal gross domestic product (GDP) for the calendar year ending in the fiscal year (e.g. 2026/27 debt divided by 2026 nominal GDP).

<sup>3</sup> The ratio of interest costs (less sinking fund interest) to revenue. Figures include capitalized interest expense in order to provide a more comparable measure to outstanding debt.

<sup>4</sup> Weighted average of all outstanding debt issues.

<sup>5</sup> Includes revenue of the consolidated revenue fund (excluding dividends from enterprises) plus revenue of all government organizations and enterprises.

<sup>6</sup> Excludes revenue of government enterprises, but includes dividends from enterprises paid to the consolidated revenue fund.

<sup>7</sup> Excludes debt of commercial Crown corporations and agencies and funds held under the province's warehouse borrowing program.

<sup>8</sup> Nominal GDP for the calendar year ending in the fiscal year (e.g. nominal GDP for 2026 is used for the fiscal year ended March 31, 2027).

<sup>9</sup> Population at July 1st within the fiscal year (e.g. population at July 1, 2026 is used for the fiscal year ended March 31, 2027).

174 \| Budget and Fiscal Plan - 2026/27 to 2028/29

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## Exhibit 99.6

**Exhibit 99.6**

![](tm265823d1_ex99-6sp1img01.jpg)

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**Estimates**

**Fiscal Year Ending March 31, 2027**

**British Columbia Cataloguing in Publication Data**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia.<br> Estimates, fiscal year ending March 31. — 1983 —<br>Annual.<br> Continues: British Columbia. Ministry of <br> Finance.<br> Estimates of revenue and expenditure. ISSN <br> 0707-3046<br> Vols. for 1983 — have suppl.<br> Imprint varies: Ministry of Finance, 1983-1987;<br> Ministry of Finance and Corporate Relations, <br> 1988-<br> ISSN 0712-45975=Estimates — Province of <br> British Columbia<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. British Columbia — Appropriations and <br> expenditures — Periodicals.2.Budget — British <br> Columbia —<br> Periodicals. I. British Columbia. Ministry of<br> Finance. II. British Columbia. Ministry of<br> Finance and Corporate Relations. III. Title.<br>HJ13.B742 354.7110072'225<br>Rev. Mar. 1987<br>

**TABLE OF CONTENTS**

PAGE

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| | |
|:---|:---|
| **Introduction to the Estimates** | v |
| **Explanatory Notes** | vi |
| **Summary Information** |  |
| Estimates Accounting Policies and Presentation Changes | 1 |
| Estimated Statement of Financial Position | 3 |
| Estimated Statement of Operations | 4 |
| Reconciliation of Estimated Surplus/Deficit to Estimated Change in Debt | 4 |
| Estimated Revenue by Source | 5 |
| Estimated Expense by Function | 6 |
| Estimated Expense by Organization | 7 |
| Estimated General Fund Appropriations | 8 |
| **Estimates of Special Offices, Ministries and Other Appropriations** |  |
| Legislative Assembly | 17 |
| Officers of the Legislature | 19 |
| Office of the Premier | 25 |
| Ministry of Agriculture and Food | 29 |
| Ministry of Attorney General | 37 |
| Ministry of Children and Family Development | 47 |
| Ministry of Citizens' Services | 53 |
| Ministry of Education and Child Care | 57 |
| Ministry of Emergency Management and Climate Readiness | 65 |
| Ministry of Energy and Climate Solutions | 69 |
| Ministry of Environment and Parks | 79 |
| Ministry of Finance | 87 |
| Ministry of Forests | 105 |
| Ministry of Health | 113 |
| Ministry of Housing and Municipal Affairs | 119 |
| Ministry of Indigenous Relations and Reconciliation | 127 |
| Ministry of Infrastructure | 137 |
| Ministry of Jobs and Economic Growth | 143 |
| Ministry of Labour | 151 |
| Ministry of Mining and Critical Minerals | 155 |
| Ministry of Post-Secondary Education and Future Skills | 159 |
| Ministry of Public Safety and Solicitor General | 163 |
| Ministry of Social Development and Poverty Reduction | 173 |
| Ministry of Tourism, Arts, Culture and Sport | 177 |
| Ministry of Transportation and Transit | 185 |
| Ministry of Water, Land and Resource Stewardship | 189 |
| Management of Public Funds and Debt | 197 |
| Other Appropriations | 201 |

---

**Schedules**

---

| | |
|:---|:---|
| A – General Fund Operating Expenses and Capital Expenditures Reconciliation – 2025/26 | 211 |
| B – General Fund Special Accounts Summary | 219 |
| C – Financing Transactions - Capital Expenditures | 220 |
| D – Financing Transactions - Loans, Investments and Other Requirements | 221 |
| E – Financing Transactions - Revenue Collected for, and Transferred to, Other Entities | 222 |
| F – Summary of Ministerial Accountability for Operating Expenses | 223 |
| G – Estimated Consolidated Revenue Fund Operating Result | 225 |
| H – Major Service Delivery Agencies Estimated Revenues and Expenses | 227 |
| I – Estimated Taxpayer-supported Staff Utilization (FTEs) | 228 |

---

Explanatory Notes on the Group Account Classifications 229

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**INTRODUCTION TO THE ESTIMATES**

The main Estimates for each fiscal year are presented to the Legislative Assembly by the Minister of Finance. The contents of the main Estimates are outlined in section 5 of the *Budget Transparency and Accountability Act* and the timing of their presentation is outlined in section 6.

The main Estimates serve two purposes:

For the broader government reporting entity, which includes the Consolidated Revenue Fund (CRF) as well as Crown corporations and service delivery agencies that are controlled by the government, the main Estimates provide an overview of government's fiscal plan for 2026/27. This includes forecasts of staff utilization and the projected financial results of the larger service delivery agencies. The Estimates also include restated main Estimates and updated forecast information for the 2025/26 fiscal year for comparative purposes.

For core government (CRF), the Estimates form the basis for annual appropriations approved by the Legislature for both operating and financing transactions upon the enactment of a *Supply Act*.

The General Fund is the main operating fund within the CRF and includes a number of Special Accounts where the statutory authority for expenditures is derived from statutes other than a *Supply Act*.

The BC Prosperity Fund is a special fund whose general purpose is to set aside portions of government's annual surplus as a long-term legacy intended to help eliminate taxpayer-supported debt of the government reporting entity over time; improves the cost of living for families; makes investments in health care, education, transportation, and other priorities; and provides a permanent legacy endowment that provides future benefits to British Columbia. The BC Prosperity Fund will earn and retain investment earnings to be used for these purposes.

All expenditures from the CRF must be authorized by an appropriation, either through a *Supply Act* or through a specific provision in another statute. The Votes in the Estimates are the details of that year's appropriations for each special office, ministry, and other purpose. The vote descriptions provide the framework for legislative control of government spending, since funds can only be expended for purposes stated in the Estimates. Special types of appropriation for capital expenditures, loans and advances, and dedicated revenue (financing transactions) are voted on a total amount basis, although the Estimates do provide allocations by ministry for disclosure purposes.

Legislative authority for voted appropriations is provided by the *Supply Act*, which includes a summary of the Estimates appropriations as schedules to the Act. Expenses cannot exceed individual Vote totals without additional legislative authority. Expenses from Special Accounts are also disclosed in the Estimates; however, they are not included in *Supply Act* totals as these accounts have separate statutory spending authority.

The allocation of voted and statutory appropriation to standard objects of expense (STOB) is disclosed in the Supplement to the Estimates. While section 23(4) of the *Financial Administration Act* authorizes the spending of an appropriation on any activity or STOB, this more detailed presentation provides additional information and establishes a framework for administrative control by Treasury Board. The Supplement to the Estimates can be found on the Government of British Columbia's budget website at <u>https://www.bcbudget.gov.bc.ca/</u>.

The *2026/27 Estimates* are composed of three separate sections:

1. **Summary Information —** This section presents an outline of the accounting policies on which
 the Estimates have been prepared and significant presentation changes in the Estimates from
 the previous year. This section also provides information on the projected results of the
 broader government reporting entity, including a statement of financial position; a statement
 of operations; a reconciliation of the projected surplus (deficit) to the forecast change
 in debt; details on the components of forecast revenue and expense; and a summary of estimated
 General Fund appropriations.

2. **Estimates of Special Offices, Ministries and Other Appropriations —** This section presents
 the details of the appropriations from the General Fund arranged by special office, ministry,
 or other grouping (such as Other Appropriations). The details in the Estimates include breakdowns
 by core businesses and group account classification.

Each special office, ministry, or other grouping is presented on a similar basis.

&nbsp;&nbsp;&nbsp;&nbsp;1. Summary
 — summarizes total voted and statutory expense, capital, and other financing transactions.

&nbsp;&nbsp;&nbsp;&nbsp;2. Summary
 by Core Business — for ministries, discloses operating expenses, capital expenditures,
 and other financing transactions by core business on both a gross (before deducting estimated
 external recoveries) and net (after deducting estimated external recoveries) basis. A core
 business includes programs and/or functions grouped together based on common roles and/or
 purposes. For special offices and other groupings, these items are disclosed by vote.

&nbsp;&nbsp;&nbsp;&nbsp;3. Vote
 and Statutory Appropriations Descriptions — for ministries, includes a description
 of the purpose for each vote and operating expenses for both voted and statutory appropriations
 broken down by core business. For special offices and other groupings, these items are disclosed
 by vote.

&nbsp;&nbsp;&nbsp;&nbsp;4. Special
 Accounts — discloses revenue, expense, capital, other financing transactions, and projected
 spending authority available for all special accounts.

&nbsp;&nbsp;&nbsp;&nbsp;5. Financing
 Transactions — discloses financing transactions that are the responsibility of the
 special office or ministry, including loans, investments and other requirements by core business
 and revenue collected for, and transferred to, other entities by core business.

3. **Schedules —** This section consists of supporting schedules that include the following: a reconciliation
 of the 2025/26 main Estimates to the restated 2025/26 main Estimates; a summary of operating
 and financial requirements and opening and closing balances for all Special Accounts; a summary
 of financing transactions for capital expenditures; a summary of financing transactions for
 loans, investments and other requirements; a summary of financing transactions for revenue
 collected for, and transferred to, other entities; a summary of ministerial accountability
 for voted operating expenses; an estimated CRF operating result, including segmented results
 for both the General Fund and the BC Prosperity Fund; a summary of major service delivery
 agency revenues and expenses; and an estimate of the staff utilization for the taxpayer-supported
 government reporting entity.

v

**EXPLANATORY NOTES**

**The Relationship Between Net Expense and Spending Authority**

Consolidated Revenue Fund (CRF) expense budgets are established based on the gross amount of funds required for a particular purpose, with anticipated recoveries being deducted to arrive at the net expense. It is the net expense that is included in an annual *Supply Act* and voted on by the Legislative Assembly.

Section 23(3) of the *Financial Administration Act* (FAA) provides that where a vote in the Estimates approved by the Legislature shows an item as a credit or recovery, the vote is deemed to appropriate spending authority for the net expense plus the estimated amount of the credit or recovery, whether or not this latter amount is actually realized. An under-realization of recoveries without a corresponding decrease in spending would have the same effect on the CRF operating result as an equivalent shortfall in anticipated government revenue.

Section 23(3)(c) of the FAA also provides that excess recoveries (amounts earned over and above those estimated) may be used for additional expenses. Prior approval of Treasury Board is not required, unless otherwise directed. This incremental spending would have no impact on the CRF operating result since the incremental recoveries would offset the incremental spending with no change to net expense.

There are a number of checks and balances to the use of recoveries to understate net expense. The *Balanced Budget and Ministerial Accountability Act* requires ministers to meet their net expense targets as outlined in Schedule F. As well, section 27(1)(a) of the FAA authorizes Treasury Board to restrict spending under any appropriation – voted or statutory.

<u>Recoveries in the Estimates</u>

Recoveries are disclosed in each special office, ministry, or other appropriation section of the Estimates in two places: the Summary by Core Business or the Summary by Vote; and the Group Account Classification Summary.

There are two forms of recoveries:

*Internal Recoveries* — represent transfers within the CRF and generally include inter-ministry chargebacks for costs budgeted centrally in government for the provision of certain goods and services that are recovered from areas elsewhere in government that consume and/or use those goods and services. Employee benefits, workplace technology services, legal services, accommodation and real estate services, alternate service delivery services, postal services, King's Printer services, and Provincial Treasury banking charges are examples of internal recoveries.

*External Recoveries* — represent recoveries from entities outside of the CRF, including costs and amounts recovered from government corporations, education and health sector organizations, other levels of government, non-government organizations, individuals, and businesses. External recoveries also include sinking fund interest earnings, an offset for commissions paid for the collection of government revenues and accounts, and increases in provisions for, or the write-off of, uncollectible revenue-related accounts. An example of a major external recovery is interest costs relating to funds borrowed by government and re-loaned to public bodies.

The expense disclosures in the Summary by Core Business and the Summary by Vote only add External Recoveries to Net Expense to arrive at Gross Expense (i.e., the FAA section 23(3) spending authority), as the spending related to Internal Recoveries may be restricted by Treasury Board – in effect, limiting their inherent spending authority. $1,000 placeholders are used when a reasonable estimate is not available. Details on internal and external recoveries by vote are provided in the Supplement to the Estimates.

**Financing Transactions**

The government capitalizes a number of costs in its financial statements in accordance with generally accepted accounting principles (GAAP). In addition, the government requires spending authority for disbursements which are made for purposes such as loans, investments and other requirements, and revenue collected for, and transferred to, other entities. The annual amounts are shown in each special office or ministry section of the Estimates and are summarized in schedules to the Estimates. These costs are not included in their operating budgets; rather, each schedule is voted as one amount in the *Supply Act*.

<u>Capital Expenditures – Schedule C</u>

These expenditures reflect the acquisition cost of tangible capital assets. While the initial expenditure is not part of operating expenses, the amortization of the cost of tangible capital assets is included in operating budgets. Schedule C summarizes core government capital acquisitions that are voted on by the Legislative Assembly and the total estimated cost of capital acquisitions for all taxpayer-supported organizations.

<u>Loans, Investments and Other Requirements – Schedule D</u>

The government disburses funds from the General Fund of the CRF for a variety of purposes related to ministry operations, including student loans, land development, timber inventory acquisition, land tax deferment program costs, international fuel tax agreement payments, and returns of deposits. Receipts represent recoveries of these amounts plus loan repayments, deposits accepted by government, and interest on deposits.

<u>Revenue Collected for, and Transferred to, Other Entities – Schedule E</u>

The government has dedicated certain revenue sources to specific programs or entities. The government collects the revenue on behalf of programs or entities and remits it to them. The total estimated disbursements set out in Schedule E are included in the *Supply Act*. Actual disbursements may vary depending on the amount of receipts in each program area and may exceed the estimated amounts to the extent authorized by other appropriations.

vi

**SUMMARY INFORMATION**

Estimates Accounting Policies and Presentation Changes

Estimated Statement of Financial Position

Estimated Statement of Operations

Reconciliation of Estimated Surplus/Deficit to Estimated Change in Debt

Estimated Revenue by Source

Estimated Expense by Function

Estimated Expense by Organization

Estimated General Fund Appropriations

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**ESTIMATES ACCOUNTING POLICIES AND PRESENTATION CHANGES**

**Estimates Accounting Policies**

1. **Basis of Accounting** — The Estimated Statement of Financial Position and the Estimated
 Statement of Operations in the *2026/27 Estimates* are prepared in accordance with generally
 accepted accounting principles (GAAP) for senior governments as required by the *Budget Transparency and Accountability Act* (BTAA) and as recommended by the independent Public
 Sector Accounting Board of the Chartered Professional Accountants of Canada. Details on the
 significant accounting policies that form government's basis of accounting can be found
 in Note 1 of the *2024/25 Public Accounts* on the Ministry of Finance website at: <u>https://www2.gov.bc.ca/gov/content/governments/finances/public-accounts</u>.

2. **Reporting Entity** — The government reporting entity includes organizations that meet the criteria
 of control by the Province as established under GAAP. This includes the Consolidated Revenue
 Fund, service delivery agencies, government partnerships, and self-supported Crown corporations.
 Service delivery agencies include school districts, post-secondary institutions, health authorities
 and hospital societies, and taxpayer-supported Crown corporations and agencies.

3. **Consolidation** — The *2026/27 Estimates* fully consolidate the Consolidated Revenue Fund
 with the individual assets, liabilities, revenues, and expenses of service delivery agencies
 on a line-by-line basis. Government's interests in government partnerships are reported
 on a proportional consolidation basis. Self-supported Crown corporation results are consolidated
 using the modified equity basis, which reports net assets as an investment and net income/loss
 as revenue.

**Significant Presentation Changes in the *2026/27 Estimates***

For comparative purposes, the *2025/26 Estimates* and Updated Forecast amounts have been restated to be consistent with the *2026/27 Estimates* presentation. These restatements reflect the government reorganizations since the *2025/26 Estimates* were presented to the Legislative Assembly on March 4, 2025; incorporate a number of inter-ministry transfers and/or changes; and adjust expenses for presentation changes.

A reconciliation of the restated General Fund operating expenses and capital expenditures for transfers between ministries is presented in Schedule A.

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ESTIMATES, 26/27 3

**ESTIMATED STATEMENT OF FINANCIAL POSITION <sup>1</sup>**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates<br> 2025/26 | Updated Forecast<br> 2025/26 |  | **Estimates<br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Financial Assets<sup>2</sup>** |  |
| 4854000 | 8555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and temporary investments | **8217000** |
| 9964000 | 13923000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables and inventories for resale | **14659000** |
| 15361000 | 13594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and other investments | **15586000** |
| 397000 | 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sinking Funds | **376000** |
| 18194000 | 18629000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity in self-supported Crown corporations | **20070000** |
| 36297000 | 35736000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financed assets of self-supported Crown corporations <sup>3</sup> | **38706000** |
| 85067000 | 90800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financial Assets | **97614000** |
|  |  | &nbsp;&nbsp;&nbsp;**Liabilities** |  |
| 23209000 | 24154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | **24268000** |
| 17531000 | 17721000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | **19319000** |
| 40740000 | 41875000 |  | **43587000** |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt |  |
| 156632000 | 154059000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total provincial debt <sup>4</sup> | **183374000** |
| 397000 | 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add:* Debt offset by sinking funds | **376000** |
| 1267000 | 1803000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Add:* Foreign exchange adjustments | **523000** |
| (2221000) | (1789000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Less:* Guarantees and non-guaranteed debt | **(2277000)** |
| 156075000 | 154436000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Debt | **181996000** |
| 196815000 | 196311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | **225583000** |
| (111748000) | (105511000) | &nbsp;&nbsp;&nbsp;**Net Liabilities** | **(127969000)** |
|  |  | &nbsp;&nbsp;&nbsp;**Non-Financial Assets<sup>2</sup>** |  |
| 85827000 | 81961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in capital assets (net) <sup>5</sup> | **92213000** |
| 2506000 | 2535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted assets | **2609000** |
| 1747000 | 2134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | **2272000** |
| 90080000 | 86630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-Financial Assets | **97094000** |
| (21668000) | (18881000) | &nbsp;&nbsp;&nbsp;**Accumulated Deficit** | **(30875000)** |

---

<sup>1</sup> Figures have been rounded to the nearest million.

<sup>2</sup> Includes assets not available to meet the government's general obligations due to external restrictions on use or limitation in the rights of government to those assets in the event of disposal or discontinuation of the program or service to which those assets relate.

<sup>3</sup> Includes loans to Crown corporations for the purchase of capital assets.

<sup>4</sup> Total provincial debt is reported net of sinking funds, excludes hedged foreign exchange adjustments, and includes loan guarantees made by the Province and debt held by self-supported corporations under provincial government control. These amounts are shown and adjusted out to report total debt consistent with general accepted accounting principles (GAAP) requirements.

<sup>5</sup> Investment in capital assets is reported net of amortization.

4 ESTIMATES, 26/27

**ESTIMATED STATEMENT OF OPERATIONS <sup>1</sup>**<br> *($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates<br> 2025/26 | Updated Forecast<br> 2025/26 |  | **Estimates<br> 2026/27** |
| 84003000 | 85082000 | &nbsp;&nbsp;&nbsp;Total Revenue | **85523000** |
| 94915000 | 94696000 | &nbsp;&nbsp;&nbsp;Total Expense | **98832000** |
| (10912000) | (9614000) | &nbsp;&nbsp;&nbsp;**Deficit** | **(13309000)** |
| (10348000) | (8560000) | &nbsp;&nbsp;&nbsp;Accumulated deficit, beginning of year, before remeasurement gains (losses) | **(18174000)** |
| (21260000) | (18174000) | &nbsp;&nbsp;&nbsp;Accumulated deficit before remeasurement gains (losses) | **(31483000)** |
| (408000) | (707000) | &nbsp;&nbsp;&nbsp;Effect of remeasurement gains (losses) | **608000** |
| (21668000) | (18881000) | &nbsp;&nbsp;&nbsp;**Accumulated Deficit, end of year** | **(30875000)** |

---

**RECONCILIATION OF ESTIMATED SURPLUS/DEFICIT TO ESTIMATED CHANGE IN DEBT <sup>1</sup>**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates<br> 2025/26 | Updated Forecast<br> 2025/26 |  | **Estimates<br> 2026/27** |
| 10912000 | 9614000 | &nbsp;&nbsp;&nbsp;Deficit <sup>2</sup> | **13309000** |
| (3336000) | (3242000) | &nbsp;&nbsp;&nbsp;Adjustment for non-cash items <sup>3</sup> | **(3412000)** |
| 1545000 | 1644000 | &nbsp;&nbsp;&nbsp;Self-supported Crown corporation retained earnings for the year <sup>4</sup> | **1441000** |
| (1669000) | (1508000) | &nbsp;&nbsp;&nbsp;(Increase) decrease in deferred revenue | **(1598000)** |
| 78000 | 109000 | &nbsp;&nbsp;&nbsp;Increase (decrease) in restricted and other assets | **212000** |
| (2933000) | (2631000) | &nbsp;&nbsp;&nbsp;Working capital changes (net) | **116000** |
| 4597000 | 3986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating Requirement (Repayment)** | **10068000** |
| 789000 | 789000 | &nbsp;&nbsp;&nbsp;Loans, investments and other requirements (Schedule D) | **845000** |
| (197000) | (199000) | &nbsp;&nbsp;&nbsp;Increase (decrease) in debt sinking fund balances | **13000** |
| 592000 | 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investing Requirement (Repayment)** | **858000** |
| 15374000 | 12467000 | &nbsp;&nbsp;&nbsp;Capital investment requirement of taxpayer-supported organizations (Schedule C) | **13664000** |
| 2507000 | 2159000 | &nbsp;&nbsp;&nbsp;Increase (decrease) in financed assets of self-supported Crown corporations | **2970000** |
| 17881000 | 14626000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financing Requirement** | **16634000** |
| 23070000 | 19202000 | &nbsp;&nbsp;&nbsp;**Net increase in total debt** | **27560000** |
| 133005000 | 135234000 | &nbsp;&nbsp;&nbsp;Total debt, beginning of year | **154436000** |
| 156075000 | 154436000 | &nbsp;&nbsp;&nbsp;**Total Debt, end of year** | **181996000** |

---

<sup>1</sup> Figures have been rounded to the nearest million.

<sup>2</sup> For purposes of the debt reconciliation, a deficit is shown as a positive amount as it increases government debt.

<sup>3</sup> These adjustments include amortization of capital assets and valuation adjustments.

<sup>4</sup> Represents self-supported Crown corporation income which is included in the surplus but has not been transferred to the Consolidated Revenue Fund.

ESTIMATES, 26/27 5

**ESTIMATED REVENUE BY SOURCE <sup>1</sup>**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates<br> 2025/26 | Updated Forecast<br> 2025/26 |  | **Estimates<br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Taxation Revenue** |  |
| 17751000 | 19186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal income | **19492000** |
| 6209000 | 7957000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate income | **7645000** |
| 3147000 | 3075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer health | **3167000** |
| 10961000 | 10687000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | **11436000** |
| 950000 | 1014000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuel | **1039000** |
| 3046000 | 262000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carbon | **334000** |
| 450000 | 291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tobacco | **311000** |
| 4025000 | 4067000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property | **4451000** |
| 2247000 | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property transfer | **1935000** |
| 913000 | 935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance premium and other tax | **965000** |
| 49699000 | 49224000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Taxation Revenue | **50775000** |
|  |  | &nbsp;&nbsp;&nbsp;**Natural Resource Revenue** |  |
| 920000 | 942000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural gas royalties | **1297000** |
| 639000 | 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forests | **521000** |
| 1438000 | 1108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other natural resources | **1193000** |
| 2997000 | 2555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Natural Resource Revenue | **3011000** |
|  |  | &nbsp;&nbsp;&nbsp;**Other Revenue** |  |
| 5272000 | 5298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees and licences | **5242000** |
| 1815000 | 1823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment earnings | **2000000** |
| 4932000 | 7657000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous <sup>2</sup> | **5207000** |
| 12019000 | 14778000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Other Revenue | **12449000** |
|  |  | &nbsp;&nbsp;&nbsp;**Contributions from the Federal Government** |  |
| 9911000 | 9822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health and social transfers | **10309000** |
| 5366000 | 4788000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other federal government contributions <sup>3</sup> | **5159000** |
| 15277000 | 14610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Contributions from the Federal Government | **15468000** |
|  |  | &nbsp;&nbsp;&nbsp;**Self-supported Crown Corporations** |  |
| 712000 | 712000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Hydro and Power Authority | **712000** |
| 1027000 | 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquor Distribution Branch | **945000** |
| 1279000 | 1269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Lottery Corporation <sup>4</sup> | **1293000** |
| 800000 | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance Corporation of British Columbia | **700000** |
| 193000 | 184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other <sup>5</sup> | **170000** |
| 4011000 | 3915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Earnings of Self-supported Crown Corporations | **3820000** |
| 84003000 | 85082000 | &nbsp;&nbsp;&nbsp;**Total Revenue** | **85523000** |

---

<sup>1</sup> Figures have been rounded to the nearest million.

<sup>2</sup> Includes reimbursements for health care and other services provided to external agencies, and other recoveries.

<sup>3</sup> Includes contributions for health, education, community development, housing and social service programs, transportation projects, and payments under the Disaster Financial Assistance Arrangements.

<sup>4</sup> Net of payments to the federal government and payments to the BC First Nations Gaming Revenue Sharing Limited Partnership in accordance with section 14.3 of the *Gaming Control Act (B.C.).*

<sup>5</sup> Includes Columbia Power Corporation, BC Railway Company, Columbia Basin power projects, and other agencies' self-supported subsidiaries.

6 ESTIMATES, 26/27

**ESTIMATED EXPENSE BY FUNCTION <sup>1</sup>**

*($000)* 

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>2</sup> 2025/26 | Updated Forecast <sup>2</sup> 2025/26 |  | **Estimates<br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Health** |  |
| 8355000 | 8420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medical Services Plan | **9206000** |
| 2118000 | 2134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pharmacare | **2170000** |
| 27460000 | 27491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regional services | **28189000** |
| 968000 | 968000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other healthcare expenses | **1013000** |
| 38901000 | 39013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health | **40578000** |
|  |  | &nbsp;&nbsp;&nbsp;**Education** |  |
| 9991000 | 10051000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elementary and secondary | **10255000** |
| 9338000 | 9207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary | **9297000** |
| 460000 | 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other education expenses | **518000** |
| 19789000 | 19713000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Education | **20070000** |
|  |  | &nbsp;&nbsp;&nbsp;**Social Services** |  |
| 3702000 | 3702000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Social assistance | **3889000** |
| 4499000 | 4496000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Child welfare | **4791000** |
| 1070000 | 347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Low income tax credit transfers | **42000** |
| 1972000 | 1962000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Community living and other services | **2068000** |
| 11243000 | 10507000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Social Services | **10790000** |
| 2606000 | 2931000 | &nbsp;&nbsp;&nbsp;**Protection of persons and property** | **2641000** |
| 2885000 | 2699000 | &nbsp;&nbsp;&nbsp;**Transportation** | **2924000** |
| 4507000 | 4551000 | &nbsp;&nbsp;&nbsp;**Natural resources and economic development** | **4269000** |
| 3418000 | 3419000 | &nbsp;&nbsp;&nbsp;**Other <sup>3</sup>** | **3542000** |
| 4000000 | 4000000 | &nbsp;&nbsp;&nbsp;**Contingencies** | **5000000** |
| 2506000 | 2824000 | &nbsp;&nbsp;&nbsp;**General government** | **2652000** |
| 5060000 | 5039000 | &nbsp;&nbsp;&nbsp;**Debt servicing** | **6366000** |
| 94915000 | 94696000 | &nbsp;&nbsp;&nbsp;**Total Expense** | **98832000** |

---

<sup>1</sup> Figures have been rounded to the nearest million.

<sup>2</sup> The *2025/26 Estimates* and Updated Forecast amounts have been restated to be consistent with the *2026/27 Estimates* presentation. See Significant Presentation Changes in Summary Information section for details.

<sup>3</sup> Other expense in the *2025/26 Estimates* and forecast is net of expenditure management savings.

ESTIMATES, 26/27 7

**ESTIMATED EXPENSE BY ORGANIZATION <sup>1</sup>**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>2</sup> 2025/26 | Updated Forecast <sup>2</sup> 2025/26 |  | **Estimates<br> 2026/27** |
| 138852 | 138852 | &nbsp;&nbsp;&nbsp;Legislative Assembly | **140386** |
| 99775 | 99775 | &nbsp;&nbsp;&nbsp;Officers of the Legislature | **121101** |
| 17627 | 17627 | &nbsp;&nbsp;&nbsp;Office of the Premier | **15334** |
| 151155 | 151155 | &nbsp;&nbsp;&nbsp;Ministry of Agriculture and Food | **134721** |
| 871654 | 871654 | &nbsp;&nbsp;&nbsp;Ministry of Attorney General | **896978** |
| 2400492 | 2400492 | &nbsp;&nbsp;&nbsp;Ministry of Children and Family Development | **2711928** |
| 758844 | 758844 | &nbsp;&nbsp;&nbsp;Ministry of Citizens' Services | **741339** |
| 9774998 | 9778998 | &nbsp;&nbsp;&nbsp;Ministry of Education and Child Care | **10068764** |
| 115802 | 441802 | &nbsp;&nbsp;&nbsp;Ministry of Emergency Management and Climate Readiness | **110823** |
| 107469 | 107469 | &nbsp;&nbsp;&nbsp;Ministry of Energy and Climate Solutions | **109001** |
| 213859 | 224417 | &nbsp;&nbsp;&nbsp;Ministry of Environment and Parks | **214111** |
| 1537068 | 1581883 | &nbsp;&nbsp;&nbsp;Ministry of Finance | **1144748** |
| 898244 | 1325197 | &nbsp;&nbsp;&nbsp;Ministry of Forests | **909606** |
| 35016652 | 35016652 | &nbsp;&nbsp;&nbsp;Ministry of Health | **36116125** |
| 1534691 | 1534691 | &nbsp;&nbsp;&nbsp;Ministry of Housing and Municipal Affairs | **1712826** |
| 186032 | 186032 | &nbsp;&nbsp;&nbsp;Ministry of Indigenous Relations and Reconciliation | **182234** |
| 420585 | 420585 | &nbsp;&nbsp;&nbsp;Ministry of Infrastructure | **420514** |
| 85651 | 85651 | &nbsp;&nbsp;&nbsp;Ministry of Jobs and Economic Growth | **110404** |
| 24201 | 24201 | &nbsp;&nbsp;&nbsp;Ministry of Labour | **23672** |
| 57457 | 70268 | &nbsp;&nbsp;&nbsp;Ministry of Mining and Critical Minerals | **57304** |
| 3509837 | 3509837 | &nbsp;&nbsp;&nbsp;Ministry of Post-Secondary Education and Future Skills | **3580561** |
| 1104164 | 1104164 | &nbsp;&nbsp;&nbsp;Ministry of Public Safety and Solicitor General | **1100313** |
| 5705485 | 5705485 | &nbsp;&nbsp;&nbsp;Ministry of Social Development and Poverty Reduction | **5976762** |
| 190794 | 190794 | &nbsp;&nbsp;&nbsp;Ministry of Tourism, Arts, Culture and Sport | **189191** |
| 1177353 | 1177353 | &nbsp;&nbsp;&nbsp;Ministry of Transportation and Transit | **1196576** |
| 197431 | 197431 | &nbsp;&nbsp;&nbsp;Ministry of Water, Land and Resource Stewardship | **201699** |
| 2762120 | 2886665 | &nbsp;&nbsp;&nbsp;Management of Public Funds and Debt | **3797749** |
| 14670708 | 12104026 | &nbsp;&nbsp;&nbsp;Other Appropriations | **13623230** |
| 83729000 | 82112000 | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **85608000** |
| (24000) | (24000) | &nbsp;&nbsp;&nbsp;**Elimination of transactions between appropriations <sup>3</sup>** | **(23000)** |
|  | (31000) | &nbsp;&nbsp;&nbsp;**Reversal of prior year over accruals** | **—** |
| 83705000 | 82057000 | &nbsp;&nbsp;&nbsp;**Consolidated Revenue Fund Expense** | **85585000** |
| 6221000 | 6038000 | &nbsp;&nbsp;&nbsp;**Expenses recovered from external entities <sup>4</sup>** | **6388000** |
| (52755000) | (51144000) | &nbsp;&nbsp;&nbsp;**Grants to service delivery agencies and other internal transfers <sup>5</sup>** | **(52471000)** |
| 37171000 | 36951000 | &nbsp;&nbsp;&nbsp;**Ministries and special offices program expense** | **39502000** |
|  |  | &nbsp;&nbsp;&nbsp;**Service delivery agency expense <sup>6</sup>** |  |
| 9361000 | 9523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School districts | **9606000** |
| 9182000 | 9054000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-secondary institutions | **9129000** |
| 30509000 | 30605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health authorities and hospital societies | **31297000** |
| 8992000 | 8963000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other service delivery agencies | **9298000** |
| 58044000 | 58145000 | &nbsp;&nbsp;&nbsp;**Service delivery agency expense** | **59330000** |
| 95215000 | 95096000 | &nbsp;&nbsp;&nbsp;**Subtotal Expense** | **98832000** |
| (300000) | (400000) | &nbsp;&nbsp;&nbsp;Expenditure management | **—** |
| 94915000 | 94696000 | &nbsp;&nbsp;&nbsp;**Total Expense** | **98832000** |

---

<sup>1</sup> Figures, other than appropriations, have been rounded to the nearest million.

<sup>2</sup> The *2025/26 Estimates* and Updated Forecast amounts have been restated to be consistent with the *2026/27 Estimates* presentation. See Significant Presentation Changes in Summary Information section for details.

<sup>3</sup> Reflects payments made under an agreement where an expense from a voted appropriation is recorded as revenue by a special account.

<sup>4</sup> Consolidated Revenue Fund expenses are reported net of cost recoveries received from external entities in order to arrive at net Vote requirements. On consolidation, the cost recoveries are added to expense for purposes of reporting total spending by government.

<sup>5</sup> Grants and other payments between the Consolidated Revenue Fund and the service delivery agencies are eliminated to avoid double counting.

<sup>6</sup> See Schedule H for details on estimated revenues and expenses for the major service delivery agencies.

8 ESTIMATES, 26/27

**ESTIMATED GENERAL FUND APPROPRIATIONS**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote<br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Legislative Assembly** |  |
| 138852 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legislative Assembly | **140386** |
| 138852 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **140386** |
| 138852 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **140386** |
|  |  | &nbsp;&nbsp;&nbsp;**Officers of the Legislature** |  |
| 26981 | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Auditor General | **26855** |
| 893 | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conflict of Interest Commissioner | **910** |
| 14802 | 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elections BC | **28706** |
| 7668 | 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Human Rights Commissioner | **7978** |
| 10933 | 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information and Privacy Commissioner | **12254** |
| 1697 | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merit Commissioner | **1751** |
| 15332 | 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ombudsperson | **17133** |
| 8866 | 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Police Complaint Commissioner | **11751** |
| 12603 | 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representative for Children and Youth | **13763** |
| 99775 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **121101** |
| 99775 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **121101** |
|  |  | &nbsp;&nbsp;&nbsp;**Office of the Premier** |  |
| 17627 | 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Office of the Premier | **15334** |
| 17627 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **15334** |
| 17627 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **15334** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Agriculture and Food** |  |
| 107306 | 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **108012** |
| 5500 | 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural Land Commission | **5500** |
| 112806 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **113512** |
| 55209 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production Insurance Account | **41504** |
| (16860) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | **(20295)** |
| 38349 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **21209** |
| 151155 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **134721** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

ESTIMATES, 26/27 9

**ESTIMATED GENERAL FUND APPROPRIATIONS (Continued)**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote<br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Attorney General** |  |
| 721778 | 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **742545** |
| 112754 | 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Judiciary | **115950** |
| 24500 | 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Crown Proceeding Act* | **24500** |
| 12622 | 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independent Investigations Office | **13983** |
| 871654 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **896978** |
| 12311 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Guardian and Trustee Operating Account | **12482** |
| (12311) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | **(12482)** |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **—** |
| 871654 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **896978** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Children and Family Development** |  |
| 2400492 | 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **2711928** |
| 2400492 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **2711928** |
| 2400492 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **2711928** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Citizens' Services** |  |
| 758844 | 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **741339** |
| 758844 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **741339** |
| 758844 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **741339** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Education and Child Care** |  |
| 9735915 | 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **10029589** |
| 9735915 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **10029589** |
| 30001 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Training and Education Savings Program special account | **30001** |
| 9082 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Teachers Act* Special Account | **9174** |
| 39083 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **39175** |
| 9774998 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **10068764** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Emergency Management and Climate Readiness** |  |
| 79382 | 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **74403** |
| 36420 | 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Emergency and Disaster Management Act* | **36420** |
| 115802 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **110823** |
| 115802 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **110823** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

10 ESTIMATES, 26/27

**ESTIMATED GENERAL FUND APPROPRIATIONS (Continued)**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote <br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Energy and Climate Solutions** |  |
| 86205 | 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **89684** |
| 86205 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **89684** |
| 10359 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Nations Clean Energy Business Fund special account | **10582** |
| 10905 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Clean Energy Fund special account | **8735** |
| 21264 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **19317** |
| 107469 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **109001** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Environment and Parks** |  |
| 155355 | 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **149340** |
| 16781 | 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Environmental Assessment Office | **16781** |
| 172136 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **166121** |
| 13033 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park Enhancement Fund special account | **19300** |
| 28690 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sustainable Environment Fund | **28690** |
| 41723 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **47990** |
| 213859 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **214111** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Finance** |  |
| 384337 | 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **381863** |
| 30630 | 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government Communications and Public Engagement | **29430** |
| 119693 | 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Public Service Agency | **115350** |
| 1 | 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits and Other Employment Costs | **1** |
| 534661 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **526644** |
|  | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Nations Equity Financing special account | **—** |
| 878154 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing Priority Initiatives special account | **480843** |
| 6177 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance and Risk Management Account | **6303** |
| 76496 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Term Disability Fund special account | **77176** |
| (50430) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | **(38228)** |
| 10 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provincial Home Acquisition Wind Up special account | **10** |
| 92000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Land Tax Deferment Act* | **92000** |
| 1002407 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **618104** |
| 1537068 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **1144748** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

ESTIMATES, 26/27 11

**ESTIMATED GENERAL FUND APPROPRIATIONS (Continued)**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote <br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Forests** |  |
| 420050 | 30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **406398** |
| 238047 | 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fire Management | **235702** |
| 658097 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **642100** |
| 240147 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Timber Sales Account | **267506** |
|  | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Stand Management Fund | **—** |
| 240147 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **267506** |
| 898244 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **909606** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Health** |  |
| 34869402 | 32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **35968875** |
| 34869402 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **35968875** |
| 147250 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Special Account | **147250** |
| 147250 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **147250** |
| 35016652 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **36116125** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Housing and Municipal Affairs** |  |
| 1506695 | 33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **1683425** |
| 1506695 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **1683425** |
| 12884 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing Endowment Fund special account | **12884** |
| 15112 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;University Endowment Lands Administration Account | **16517** |
| 27996 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **29401** |
| 1534691 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **1712826** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Indigenous Relations and Reconciliation** |  |
| 74235 | 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **70806** |
| 105204 | 35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treaty and Other Agreements Funding | **105072** |
| 4547 | 36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Declaration Act Secretariat | **4147** |
| 183986 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **180025** |
| 2046 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Citizens Fund | **2209** |
| 2046 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **2209** |
| 186032 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **182234** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Infrastructure** |  |
| 420585 | 37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **420514** |
| 420585 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **420514** |
| 420585 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **420514** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

12 ESTIMATES, 26/27

**ESTIMATED GENERAL FUND APPROPRIATIONS (Continued)**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote <br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Jobs and Economic Growth** |  |
| 85151 | 38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **72704** |
| 85151 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **72704** |
|  | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Strategic Investments | **37200** |
| 500 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Development Fund | **500** |
| 500 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **37700** |
| 85651 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **110404** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Labour** |  |
| 24201 | 39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **23672** |
| 24201 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **23672** |
| 24201 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **23672** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Mining and Critical Minerals** |  |
| 57457 | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **57304** |
| 57457 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **57304** |
| 57457 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **57304** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Post-Secondary Education and Future Skills** |  |
| 3509837 | 41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **3580561** |
| 3509837 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **3580561** |
| 3509837 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **3580561** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Public Safety and Solicitor General** |  |
| 1088942 | 42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **1085591** |
| 1088942 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **1085591** |
| 437 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Civil Forfeiture Account | **437** |
| 1281 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corrections Work Program Account | **781** |
|  | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Criminal Asset Management Fund | **—** |
| 13504 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victim Surcharge Special Account | **13504** |
| 15222 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **14722** |
| 1104164 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **1100313** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Social Development and Poverty Reduction** |  |
| 5705485 | 43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **5976762** |
| 5705485 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **5976762** |
| 5705485 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **5976762** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

ESTIMATES, 26/27 13

**ESTIMATED GENERAL FUND APPROPRIATIONS (Continued)**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>1</sup> 2025/26 | Vote <br> No. <sup>2</sup> |  | **Estimates <br> 2026/27** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Tourism, Arts, Culture and Sport** |  |
| 185364 | 44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **183761** |
| 185364 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **183761** |
| 4230 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Arts and Culture Endowment special account | **4230** |
| 1200 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Physical Fitness and Amateur Sports Fund | **1200** |
| 5430 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **5430** |
| 190794 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **189191** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Transportation and Transit** |  |
| 1177353 | 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **1196576** |
| 1177353 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **1196576** |
| 1177353 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **1196576** |
|  |  | &nbsp;&nbsp;&nbsp;**Ministry of Water, Land and Resource Stewardship** |  |
| 196931 | 46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry Operations | **201199** |
| 196931 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **201199** |
| 500 | (S) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Land special account | **500** |
| 500 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **500** |
| 197431 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **201699** |
|  |  | &nbsp;&nbsp;&nbsp;**Management of Public Funds and Debt** |  |
| 2762120 | 47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of Public Funds and Debt | **3797749** |
| 2762120 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **3797749** |
| 2762120 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **3797749** |
|  |  | &nbsp;&nbsp;&nbsp;**Other Appropriations** |  |
| 4000000 | 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingencies | **5000000** |
| 7258544 | 49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Funding | **6153166** |
| 1 | 50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commissions on Collection of Public Funds | **1** |
| 1 | 51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowances for Doubtful Revenue Accounts | **1** |
| 3408000 | 52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Transfers | **2466000** |
| 4162 | 53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forest Practices Board | **4062** |
| 14670708 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **13623230** |
| 14670708 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **13623230** |
|  |  | &nbsp;&nbsp;&nbsp;**Summary** |  |
| 82147083 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Voted Appropriations | **84357487** |
| 1581917 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Statutory Appropriations | **1250513** |
| 83729000 |  | &nbsp;&nbsp;&nbsp;**Total Appropriations** | **85608000** |

---

<sup>1</sup> For comparison purposes, amounts shown for *2025/26 Estimates* have been restated to be consistent with the presentation of the *2026/27 Estimates*. Schedule A presents a reconciliation of the restated General Fund operating expenses and capital expenditures.

<sup>2</sup> An (S) in the Vote No. column denotes a Special Account (Statutory Appropriation). A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*. Schedule B presents a summary of all Special Accounts.

**This page intentionally left blank.**

**ESTIMATES OF SPECIAL OFFICES, MINISTRIES AND OTHER APPROPRIATIONS**

---

| |
|:---|
| Legislative Assembly |
| Officers of the Legislature |
| Office of the Premier |
| Ministry of Agriculture and Food |
| Ministry of Attorney General |
| Ministry of Children and Family Development |
| Ministry of Citizens' Services |
| Ministry of Education and Child Care |
| Ministry of Emergency Management and Climate Readiness |
| Ministry of Energy and Climate Solutions |
| Ministry of Environment and Parks |
| Ministry of Finance |
| Ministry of Forests |
| Ministry of Health |
| Ministry of Housing and Municipal Affairs |
| Ministry of Indigenous Relations and Reconciliation |
| Ministry of Infrastructure |
| Ministry of Jobs and Economic Growth |
| Ministry of Labour |
| Ministry of Mining and Critical Minerals |
| Ministry of Post-Secondary Education and Future Skills |
| Ministry of Public Safety and Solicitor General |
| Ministry of Social Development and Poverty Reduction |
| Ministry of Tourism, Arts, Culture and Sport |
| Ministry of Transportation and Transit |
| Ministry of Water, Land and Resource Stewardship |
| Management of Public Funds and Debt |
| Other Appropriations |

---

**This page intentionally left blank.**

**LEGISLATIVE ASSEMBLY**

**SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 1 — Legislative Assembly | 138852 | **140386** |
| **OPERATING EXPENSES** | 138852 | **140386** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 10732 | **12591** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**LEGISLATIVE ASSEMBLY**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 1 — LEGISLATIVE ASSEMBLY**

This vote provides for Parliamentary, caucus, and constituency operations, Members' remuneration, administration, and other related costs. Costs may be recovered from ministries, officers of the Legislature, government organizations, individuals, and others for services described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** |  |  |
| Caucus Operations | 11151 | **12402** |
| Constituency Operations | 37203 | **35538** |
| Members' Remuneration | 23245 | **23729** |
| Independent Respectful Workplace Office | 250 | **250** |
| Parliamentary Operations | 2684 | **2860** |
| Legislative Assembly Administration | 54994 | **55145** |
| General Centralized and Accounting | 9325 | **10462** |
|  | 138852 | **140386** |
| **CAPITAL EXPENDITURES** |  |  |
| Legislative Assembly Administration | 10732 | **12591** |

---

**GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** |  |  |
| Salaries and Benefits | 72756 | **75556** |
| Operating Costs | 29039 | **29555** |
| Other Expenses | 38244 | **36560** |
| Internal Recoveries | (150) | **(120)** |
| External Recoveries | (1037) | **(1165)** |
| **TOTAL OPERATING EXPENSES** | 138852 | **140386** |

---

**OFFICERS OF THE LEGISLATURE**

**SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 2 — Auditor General | 26981 | **26855** |
| &nbsp;&nbsp;&nbsp;Vote 3 — Conflict of Interest Commissioner | 893 | **910** |
| &nbsp;&nbsp;&nbsp;Vote 4 — Elections BC | 14802 | **28706** |
| &nbsp;&nbsp;&nbsp;Vote 5 — Human Rights Commissioner | 7668 | **7978** |
| &nbsp;&nbsp;&nbsp;Vote 6 — Information and Privacy Commissioner | 10933 | **12254** |
| &nbsp;&nbsp;&nbsp;Vote 7 — Merit Commissioner | 1697 | **1751** |
| &nbsp;&nbsp;&nbsp;Vote 8 — Ombudsperson | 15332 | **17133** |
| &nbsp;&nbsp;&nbsp;Vote 9 — Police Complaint Commissioner | 8866 | **11751** |
| &nbsp;&nbsp;&nbsp;Vote 10 — Representative for Children and Youth | 12603 | **13763** |
| **OPERATING EXPENSES** | 99775 | **121101** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 893 | **1069** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**OFFICERS OF THE LEGISLATURE**

**SUMMARY BY VOTE**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| Auditor General | 26981 | **26855** | **—** | **26855** |
| Conflict of Interest Commissioner | 893 | **910** | **—** | **910** |
| Elections BC | 14802 | **28706** | **—** | **28706** |
| Human Rights Commissioner | 7668 | **7980** | **(2)** | **7978** |
| Information and Privacy Commissioner | 10933 | **12256** | **(2)** | **12254** |
| Merit Commissioner | 1697 | **1751** | **—** | **1751** |
| Ombudsperson | 15332 | **17134** | **(1)** | **17133** |
| Police Complaint Commissioner | 8866 | **11752** | **(1)** | **11751** |
| Representative for Children and Youth | 12603 | **13765** | **(2)** | **13763** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 99775 | **121109** | **(8)** | **121101** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Capital | **Capital** | **Receipts and** | |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| Auditor General | 450 | **280** |  | **280** |
| Conflict of Interest Commissioner | 10 | **10** |  | **10** |
| Elections BC |  | **318** |  | **318** |
| Human Rights Commissioner | 35 | **35** |  | **35** |
| Information and Privacy Commissioner | 98 | **89** |  | **89** |
| Merit Commissioner | 12 | **29** |  | **29** |
| Ombudsperson | 163 | **83** |  | **83** |
| Police Complaint Commissioner | 75 | **173** |  | **173** |
| Representative for Children and Youth | 50 | **52** |  | **52** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 893 | **1069** |  | **1069** |

---

**OFFICERS OF THE LEGISLATURE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 2 — AUDITOR GENERAL**

This vote provides for the operations of the office of the Auditor General. The Auditor General, an independent officer of the Legislature under the authority of the *Auditor General Act*, exists to help Members of the Legislative Assembly hold the government accountable. Through audit opinions, the Auditor General gives legislators audit assessments about the fairness and reliability of the financial statements and public accounts of the government. The Auditor General also assesses the operations and performance of the government's programs and services. The reports of the Auditor General are tabled with the Legislative Assembly and referred to the Select Standing Committee on Public Accounts.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Auditor General | 26,981 | **26,855** |
| **CAPITAL EXPENDITURES** |  |  |
| Auditor General | 450 | **280** |

---

**VOTE 3 — CONFLICT OF INTEREST COMMISSIONER**

This vote provides for the operations of the office of the Conflict of Interest Commissioner. The commissioner is an independent officer of the Legislature with a mandate under the *Members' Conflict of Interest Act* to meet the requirements under the Act.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Conflict of Interest Commissioner | 893 | **910** |
| **CAPITAL EXPENDITURES** |  |  |
| Conflict of Interest Commissioner | 10 | **10** |

---

**VOTE 4 — ELECTIONS BC**

This vote provides for the ongoing operating costs of the office of the Chief Electoral Officer and provides for the administration of provincial elections, plebiscites, voter registration and list maintenance, enumerations, referenda, electoral boundaries, provincial and local election financing, registration of political parties and constituency associations, recall petitions, initiative petitions and initiative votes, and other aspects of the electoral process. The chief electoral officer is an independent officer of the Legislature and is responsible for the administration of the *Election Act*, the *Recall and Initiative Act*, and the *Local Elections Campaign Financing Act*.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Elections BC | 14,802 | **28,706** |
| **CAPITAL EXPENDITURES** |  |  |
| Elections BC |  | **318** |

---

**OFFICERS OF THE LEGISLATURE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 5 — HUMAN RIGHTS COMMISSIONER**

This vote provides for the operations of the office of the Human Rights Commissioner. The Human Rights Commissioner is an independent officer of the Legislature under the *Human Rights Code* and is responsible for protecting and promoting human rights through education, research, and investigations into issues of systemic discrimination. This vote also provides for educational workshops and training, and engagement initiatives and events hosted or sponsored by the Commissioner. Costs may be recovered from other officers of the Legislature, ministries, individuals, participants, and sponsoring organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Human Rights Commissioner | 7,668 | **7,978** |
| **CAPITAL EXPENDITURES** |  |  |
| Human Rights Commissioner | 35 | **35** |

---

**VOTE 6 — INFORMATION AND PRIVACY COMMISSIONER**

This vote provides for the operations of the office of the Information and Privacy Commissioner and provides for other duties and functions given to the commissioner by statute. The commissioner is an independent officer of the Legislature under the *Freedom of Information and Protection of Privacy Act* and under the *Personal Information Protection Act*, with a broad mandate to protect the rights given to the public under the *Freedom of Information and Protection of Privacy Act* and the *Personal Information Protection Act*. This includes conducting reviews of access to information requests, investigating access and privacy complaints, monitoring general compliance with the Acts, and promoting freedom of information and protection of privacy principles. The commissioner is also designated the registrar under the *Lobbyists Transparency Act* with a mandate to establish and maintain a registry for lobbyists, develop and conduct public education about the Act, and to oversee and enforce compliance under that Act. This vote also provides for freedom of information and protection of privacy conferences sponsored or hosted by the office of the Information and Privacy Commissioner. Costs may be recovered from ministries, participants, and sponsoring organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Information and Privacy Commissioner | 10,933 | **12,254** |
| **CAPITAL EXPENDITURES** |  |  |
| Information and Privacy Commissioner | 98 | **89** |

---

**VOTE 7 — MERIT COMMISSIONER**

This vote provides for the operations of the office of the Merit Commissioner. The merit commissioner is an independent officer of the Legislature with a mandate to monitor the principle of merit in appointments to and within the BC Public Service and to conduct reviews of the processes resulting in BC Public Service dismissals for just cause as defined in the *Public Service Act*.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Merit Commissioner | 1,697 | **1,751** |
| **CAPITAL EXPENDITURES** |  |  |
| Merit Commissioner | 12 | **29** |

---

**OFFICERS OF THE LEGISLATURE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 8 — OMBUDSPERSON**

This vote provides for the operations of the office of the Ombudsperson, an independent officer of the Legislature pursuant to the *Ombudsperson Act*. The Ombudsperson also has specific investigatory and reporting roles under the *Public Interest Disclosure Act*. The office of the Ombudsperson fairly and impartially investigates the actions and the decisions of government bodies, including provincial ministries, agencies, boards and commissions, Crown corporations, local governments, health authorities, school districts, colleges, universities, governing bodies of professional and occupational associations, and other authorities listed in the schedule to the *Ombudsperson Act*. The Ombudsperson undertakes initiatives to increase public understanding of the role of the Ombudsperson and to promote the principles of administrative fairness and natural justice. This vote also provides for the delivery of corporate shared services to other officers of the Legislature. Costs may be recovered from officers of the Legislature, other jurisdictions, and external organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Ombudsperson | 15,332 | **17,133** |
| **CAPITAL EXPENDITURES** |  |  |
| Ombudsperson | 163 | **83** |

---

**VOTE 9 — POLICE COMPLAINT COMMISSIONER**

This vote provides for the operations of the police complaint commissioner and staff and the costs incurred by the office of the Police Complaint Commissioner in generally ensuring the purposes of Part 11 of the *Police Act* are achieved, including overseeing and monitoring complaints, investigations, and proceedings, as well as investigating systemic issues arising from police complaints and issuing recommendations to prevent the recurrence of misconduct, involving municipal police and members of policing units designated by the Lieutenant Governor in Council. The police complaint commissioner is an independent officer of the Legislature under the authority of the *Police Act*. Costs may be recovered from external organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Police Complaint Commissioner | 8,866 | **11,751** |
| **CAPITAL EXPENDITURES** |  |  |
| Police Complaint Commissioner | 75 | **173** |

---

**OFFICERS OF THE LEGISLATURE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 10 — REPRESENTATIVE FOR CHILDREN AND YOUTH**

This vote provides for the operations of the office of the Representative for Children and Youth. The Representative is an independent officer of the Legislature appointed under the authority of the *Representative for Children and Youth Act*. The Representative reviews, investigates, and reports on the critical injuries and deaths of children in care or children receiving reviewable services from public bodies; advocates for children and youth, and their caregivers who are eligible for designated services, and young adults up to age 27 who are eligible for Community Living British Columbia services and/or the Strengthening Abilities and Journeys of Empowerment and/or the Provincial Tuition Waiver Program. The Representative also monitors and reports on the government's progress in implementing the Representative's recommendations alongside reviewing and assessing the quality, accessibility and appropriateness of child and youth services under the office's mandate. This vote also provides for the delivery of shared services to other officers of the Legislature and conferences and events hosted or sponsored by the Representative. Costs may be recovered from other officers of the Legislature, ministries, participants, and sponsoring organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Representative for Children and Youth | 12,603 | **13,763** |
| **CAPITAL EXPENDITURES** |  |  |
| Representative for Children and Youth | 50 | **52** |

---

**GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 73814 | **86810** |
| Operating Costs | 25978 | **30530** |
| Government Transfers | 325 | **4054** |
| Other Expenses | 2585 | **1987** |
| Internal Recoveries | (2919) | **(2272)** |
| External Recoveries | (8) | **(8)** |
| **TOTAL OPERATING EXPENSES** | 99775 | **121101** |

---

**OFFICE OF THE PREMIER**

The mission of the Office of the Premier is to provide leadership across government and Crown agencies to ensure timely decision making and effective service delivery, supported by the transparency and accountability of government practices.

**SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 11 — Office of the Premier | 17627 | **15334** |
| **OPERATING EXPENSES** | 17627 | **15334** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**OFFICE OF THE PREMIER**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Intergovernmental Relations Secretariat | 5080 | **5593** | **(701)** | **4892** |
| Cabinet Operations | 2260 | **2185** | **(2)** | **2183** |
| Executive and Support Services | 10287 | **8261** | **(2)** | **8259** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 17627 | **16039** | **(705)** | **15334** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Capital | **Capital** | **Receipts and** | |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** |  | **3** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** |  | **3** |

---

**OFFICE OF THE PREMIER**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 11 — OFFICE OF THE PREMIER**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Intergovernmental Relations Secretariat, Cabinet Operations, and Executive and Support Services.

**INTERGOVERNMENTAL RELATIONS SECRETARIAT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Intergovernmental Relations Secretariat | 5,080 | **4,892** |

---

**Voted Appropriation Description:** This sub-vote provides for management and administrative support for the Executive Council (Cabinet) in the development and coordination of advice, policy, negotiations, issues management, public consultation, and strategic relations relating to federal-provincial, interprovincial, and international relations, and local government and rural community initiatives. This sub-vote includes support for the Premier and Cabinet participation in First Ministers' Conferences, Premiers' Conferences, Joint Cabinet Meetings with neighbouring jurisdictions, and ministerial conferences. This sub-vote manages the Canada-British Columbia Agreement on French Language Services. This sub-vote provides for the deputy minister of the Intergovernmental Relations Secretariat and includes the Office of Protocol; and for costs of official ceremonies, programs for visiting dignitaries, government-hosted functions, and government honours and awards by authority of the *Provincial Symbols and Honours Act*. Costs may be recovered from ministries, organizations within the government reporting entity, and parties external to government for activities described within this sub-vote.

**CABINET OPERATIONS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Cabinet Operations | 2,260 | **2,183** |

---

**Voted Appropriation Description:** This sub-vote provides for the support of Executive Council and Executive Council Committees; the provision of policy, planning, and operational support to the Executive Council and its committees; the provision of support to ministries and Crown agencies in the development and submission of materials to Executive Council and its committees; the planning and coordination of legislative priorities, including coordination of Orders in Council; and advice and support to ensure continuity of government operations during transition periods such as elections and government reorganizations. Costs may be recovered from ministries, organizations within the government reporting entity, and parties both internal and external to government for activities described within this sub-vote.

**OFFICE OF THE PREMIER**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26 | **Estimates**<br>**2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Premier's Office | 6387 | **5,707** |
| Deputy Minister's Office | 3,900 | **2,552** |
|  | 10,287 | **8,259** |

---

**Voted Appropriations Description:** This sub-vote provides for the Premier's office, the Minister of State for Local Governments and Rural Communities, and the deputy minister's office. This sub-vote also provides for the management of cross-government issues and corporate planning; support for cross-government and other initiatives that support government's mandate; and providing policy, planning, communications, and strategic support to the Executive Council, ministries, and Crown agencies, including government administration. Costs may be recovered from ministries, organizations within the government reporting entity, and parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 11 — OFFICE OF THE PREMIER** | 17627 | **15,334** |

---

**GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 15571 | **13750** |
| Operating Costs | 2253 | **1896** |
| Government Transfers | 1068 | **1068** |
| Other Expenses | 237 | **122** |
| Internal Recoveries | (797) | **(797)** |
| External Recoveries | (705) | **(705)** |
| **TOTAL OPERATING EXPENSES** | 17627 | **15334** |

---

**MINISTRY OF AGRICULTURE AND FOOD**

The mission of the Ministry of Agriculture and Food is to partner with the agriculture and food sector through strategic investments, responsive services, and impactful programs to manage risk, protect public health and safety, increase competitiveness and achieve profitability in a complex and changing environment.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 12 — Ministry Operations | 107306 | **108012** |
| &nbsp;&nbsp;&nbsp;Vote 13 — Agricultural Land Commission | 5500 | **5500** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Production Insurance Account Special Account | 55209 | **41504** |
| &nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | (16860) | **(20295)** |
| **OPERATING EXPENSES** | 151155 | **134721** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 853 | **922** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF AGRICULTURE AND FOOD**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Science, Policy and Inspection | 21477 | **22001** | **(524)** | **21477** |
| Industry Competitiveness | 47092 | **58391** | **(10551)** | **47840** |
| Programs and Sector Resilience | 20241 | **33585** | **(13344)** | **20241** |
| Liquor and Cannabis Regulation | 10584 | **25448** | **(14864)** | **10584** |
| BC Farm Industry Review Board | 1465 | **1467** | **(2)** | **1465** |
| Executive and Support Services | 6447 | **6407** | **(2)** | **6405** |
| Agricultural Land Commission | 5500 | **5502** | **(2)** | **5500** |
| Production Insurance Account Special Account | 38349 | **21210** | **(1)** | **21209** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 151155 | **174011** | **(39290)** | **134721** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Capital | **Capital** | **Receipts and** | |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 853 | **922** |  | **922** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 853 | **922** |  | **922** |

---

**MINISTRY OF AGRICULTURE AND FOOD**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 12 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Science, Policy and Inspection; Industry Competitiveness; Programs and Sector Resilience; Liquor and Cannabis Regulation; BC Farm Industry Review Board; and Executive and Support Services.

**SCIENCE, POLICY AND INSPECTION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Science, Policy and Inspection | 21,477 | **21,477** |

---

**Voted Appropriation Description:** This sub-vote provides for surveillance, diagnostic services, and management systems, including licensing and inspection to monitor and improve plant, animal, and public health; for the creation and delivery of industry initiatives, including research and innovation. This sub-vote provides for the development of strategic policy to support the ministry's objectives, priorities, and response to sector issues; manages land use planning, resolves management issues, and identifies opportunities. This sub-vote also provides for contributions to the improvement of public health protection; consumer and retailer confidence in the safety of British Columbia meat, seafood, and food products through inspection and regulatory compliance, education, surveillance, and risk assessment; support of the oversight of agricultural labour and development of policy and programs; and development of policy, programs, and strategies to address identified risks; policy and regulatory development; and corporate leadership related to business transformation. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**INDUSTRY COMPETITIVENESS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Industry Competitiveness | 47,092 | **47,840** |

---

**Voted Appropriation Description:** This sub-vote provides for provincial and federal-provincial agricultural risk management programs, insurance schemes, and funding of programs and trusts; support for agrifood and seafood industry growth, agrifood and seafood business development, youth and workforce development, new entrants, agroforestry; and promotion of public support for the agriculture food and seafood sector. This sub-vote also provides for initiatives related to agri-tech adoption, market readiness, and domestic and international marketing, including partnerships with industry, First Nations and local governments. This sub-vote also provides for the management of provincial food systems and supply chain security. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**PROGRAMS AND SECTOR RESILIENCE**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Programs and Sector Resilience | 20,241 | **20,241** |

---

**Voted Appropriation Description:** This sub-vote provides for initiatives related to agriculture and food programs. This sub-vote also provides for agri-environmental initiatives supporting program development and addressing environmental risks to and from the sector. This sub-vote also provides for planning, delivering and evaluating programs and ensuring program compliance with federal-provincial agreements related to a competitive and profitable agriculture sector, including economic and statistical analysis. This sub-vote also provides for regional sector support in emergency management. This sub-vote also provides for geospatial analysis and the agricultural land use initiative. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**MINISTRY OF AGRICULTURE AND FOOD**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26 | **Estimates**<br>**2026/27** |
| **LIQUOR AND CANNABIS REGULATION** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Liquor Regulation | 1 | **1** |
| Cannabis Regulation | 8038 | **8,038** |
| Cannabis and Corporate Policy | 2,545 | **2,545** |
|  | 10,584 | **10,584** |

---

**Voted Appropriations Description:** This sub-vote provides for the overall policy development, administration, licensing, and enforcement of cannabis and liquor in support of the *Liquor Control and Licensing Act* and regulations, and the *Cannabis Control and Licensing Act* and regulations to establish and operate ongoing programs to reduce the incidence of underage consumption and increase public awareness about responsible consumption. This sub-vote also provides for service planning for the Ministry of Agriculture and Food; development of policy and legislation regarding corporate priorities; development of research, policy, and legislation regarding cannabis; negotiation of agreements with First Nations; and stakeholder consultation and public engagement. Costs may be recovered from ministries, organizations within the government reporting entity, Crown agencies, boards and commissions, other levels of government, and other parties both internal and external to government for activities described within this sub-vote.

**BC FARM INDUSTRY REVIEW BOARD**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| BC Farm Industry Review Board | 1,465 | **1,465** |

---

**Voted Appropriation Description:** This sub-vote provides for the supervision of the agriculture marketing boards and commissions formed under the *Natural Products Marketing (BC) Act*, the hearing of appeals of marketing board and commission orders, decisions and determinations, the hearing of complaints and conducting inquiries related to farm practices under the *Farm Practices Protection (Right to Farm) Act*, and the hearing of animal seizure appeals under the *Prevention of Cruelty to Animals Act*. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 734 | **734** |
| Corporate Services | 5,713 | **5,671** |
|  | 6,447 | **6,405** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Agriculture and Food; the Parliamentary Secretary for Agriculture; executive support, including the deputy minister's office; intergovernmental relations; and corporate administration. This sub-vote also provides for executive direction to the ministry; finance, administrative, certain human resource activities, and information management services and systems; information and privacy; revenue collection; and trust fund management for ministry operations, programs, and clients. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 12 — MINISTRY OPERATIONS** | 107306 | **108,012** |

---

**MINISTRY OF AGRICULTURE AND FOOD**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 13 — AGRICULTURAL LAND COMMISSION**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Agricultural Land Commission.

**AGRICULTURAL LAND COMMISSION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Agricultural Land Commission | 5,500 | **5,500** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of the Agricultural Land Commission. Under the *Agricultural Land Commission Act*, the commission is responsible for preserving the scarce supply of agricultural land in the province through policies, programs, and compliance and enforcement activities that foster long-term sustainability and encourage farm businesses. The commission works with a wide range of stakeholders, including industry groups, First Nations, and provincial and local governments to enable and encourage farm use of land in the agricultural land reserve. A portion of the fees for the applications made under the *Agricultural Land Commission Act* is retained by local governments for services provided in the application process. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 13 — AGRICULTURAL LAND COMMISSION** | 5500 | **5,500** |

---

**MINISTRY OF AGRICULTURE AND FOOD**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special account: Production Insurance Account.

**PRODUCTION INSURANCE ACCOUNT**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Production Insurance Account | 55209 | **41504** |
| Less: Transfer from Ministry Operations Vote | (16860) | **(20295)** |
|  | 38349 | **21209** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Production Insurance Account which is governed under the *Special Accounts Appropriation and Control Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 62080 | **62080** |
| Operating Costs | 19512 | **19454** |
| Government Transfers | 49829 | **48928** |
| Other Expenses | 59035 | **43560** |
| Internal Recoveries | (11) | **(11)** |
| External Recoveries | (39290) | **(39290)** |
| **TOTAL OPERATING EXPENSES** | 151155 | **134721** |

---

**MINISTRY OF AGRICULTURE AND FOOD**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**PRODUCTION INSURANCE ACCOUNT**

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 11786 | **22196** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 44640 | 43830 |
| &nbsp;&nbsp;&nbsp;Expense | (55210) | (41505) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry Operations Vote | 16860 | 20295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 6291 | **22621** |
| &nbsp;&nbsp;&nbsp;Difference Between 2025/26 Estimates and Projected Actual Net Revenue (Expense) | 4119 |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR** <sup>2</sup>** | 22196 | **44817** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**This page intentionally left blank.**

**MINISTRY OF ATTORNEY GENERAL**

The mission of the Ministry of Attorney General is to administer justice and provide legal advice to government; and to support inclusive communities that value multiculturalism and anti-racism.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 14 — Ministry Operations | 721778 | **742545** |
| &nbsp;&nbsp;&nbsp;Vote 15 — Judiciary | 112754 | **115950** |
| &nbsp;&nbsp;&nbsp;Vote 16 — *Crown Proceeding Act* | 24500 | **24500** |
| &nbsp;&nbsp;&nbsp;Vote 17 — Independent Investigations Office | 12622 | **13983** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Public Guardian and Trustee Operating Account Special Account | 12311 | **12482** |
| &nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | (12311) | **(12482)** |
| **OPERATING EXPENSES** | 871654 | **896978** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 9616 | **7318** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF ATTORNEY GENERAL**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Justice Services | 206094 | **202071** | **(2402)** | **204473** |
| Indigenous Justice Secretariat | 20322 | **21024** | **(1765)** | **19259** |
| Prosecution Services | 214899 | **225428** | **(1)** | **225427** |
| Court Services | 162003 | **169682** | **(2853)** | **166829** |
| Legal Services | 41828 | **51449** | **(300)** | **51149** |
| Agencies, Boards, Commissions and Other Tribunals | 54809 | **80205** | **(24031)** | **56174** |
| Multiculturalism and Anti-Racism | 6503 | **6318** | **(2)** | **6316** |
| Executive and Support Services | 15320 | **15322** | **(2)** | **15320** |
| Judiciary | 112754 | **115951** | **(1)** | **115950** |
| *Crown Proceeding Act* | 24500 | **24500** | **—** | **24500** |
| Independent Investigations Office | 12622 | **13985** | **(2)** | **13983** |
| Public Guardian and Trustee Operating Account Special Account |  | **34247** | **(34247)** | **—** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 871654 | **962584** | **(65606)** | **896978** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Capital | **Capital** | **Receipts and** | |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 8483 | **6185** |  | **6185** |
| Judiciary | 770 | **770** |  | **770** |
| Public Guardian and Trustee Operating Account Special Account | 363 | **363** |  | **363** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 9616 | **7318** |  | **7318** |

---

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 14 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Justice Services; Indigenous Justice Secretariat; Prosecution Services; Court Services; Legal Services; Agencies, Boards, Commissions and Other Tribunals; Multiculturalism and Anti-Racism; and Executive and Support Services.

**JUSTICE SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Justice Services | 206,094 | **202,071** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration, management, and transformation of justice services throughout the province, including administrative justice reform; public, criminal, civil, and family law reform; and broad justice system policy development to support a more accessible, efficient, and effective justice system. This sub-vote also provides for legal aid, human rights, poverty law services, and other publicly-funded legal counsel services; development and management of legislation; access to justice services; support for the federal/provincial/territorial process for discussion of national justice issues and negotiations between the various levels of government; the investigations of matters relating to the administration of the *Correction Act* and court services; services to locate individuals and assets; maintenance enforcement and services associated with inter-jurisdictional support court orders; information and alternative-to-court dispute resolution services for separating and divorcing parents and their children; preparation of Provincial and Supreme Court ordered parenting assessments and views of the child reports in *Family Law Act* matters; parenting after separation programs; developing and promoting non-adversarial dispute resolution options within the justice system and throughout the government; development of policy and legislation regarding consumer protection; oversight of delegated consumer protection authorities; public legal education and information coordination; and governance legislation and policy oversight to the Insurance Corporation of British Columbia. Costs may be recovered from ministries, the Legal Services Society (Legal Aid BC), the federal government, and parties external to government for activities described within this sub-vote.

**INDIGENOUS JUSTICE SECRETARIAT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Indigenous Justice Secretariat | 20,322 | **19,259** |

---

**Voted Appropriation Description:** This sub-vote provides for the operations of the Indigenous Justice Secretariat, including the administration, management, reform, and transformation of Indigenous justice services throughout the province; support for reclamation of Indigenous laws, legal institutions, and legal traditions; and advancing self-determination. This sub-vote also provides for support for the federal/provincial/territorial process for the discussion of national Indigenous justice issues, negotiations between various levels of government related to Indigenous justice services, support for the process to establish new Indigenous Courts, and support for Indigenous-led justice strategies and action plans. Costs may be recovered from ministries, other entities within government, other levels of government, and parties external to government for activities described within this sub-vote.

**PROSECUTION SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Prosecution Services | 214,899 | **225,427** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of Crown counsel services, including approval and conduct of criminal prosecutions and appeals of offences; advice to government on all criminal law matters; and responsibility for all other matters mandated by the *Crown Counsel Act*. Costs may be recovered from the Victim Surcharge Special Account to enable compliance with the *Victims of Crime Act*. Costs may also be recovered from ministries and the federal government for activities described within this sub-vote.

**COURT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Court Services | 162,003 | **166,829** |

---

**Voted Appropriation Description:** This sub-vote provides for court registry operations, court administration, juror support services, document service and warrants, prisoner escort, and court security support to the Court of Appeal, Supreme Court, and Provincial Court and for services provided under the *Sheriff Act*. Costs may be recovered from ministries and public bodies for activities described within this sub-vote; from the federal and municipal governments for costs related to ticket enforcement, circuit courts, and other justice-related initiatives; from contracted bailiffs for civil execution services; and from parties or the public for costs associated with activities described within this sub-vote.

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**LEGAL SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Legal Services | 41,828 | **51,149** |

---

**Voted Appropriation Description:** This sub-vote provides for legal and related services, including legal advice; representation in civil litigation; and drafting, preparing, filing, and publishing statutes, regulations, and Orders in Council to the Province and various agencies, boards and commissions, and other organizations. This sub-vote also provides for administration of Orders in Council and appeals to the Executive Council. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, organizations, individuals, and parties external to government for activities described within this sub-vote.

**AGENCIES, BOARDS, COMMISSIONS AND OTHER TRIBUNALS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Agencies, Boards, Commissions and Other Tribunals | 54808 | **56,173** |
| British Columbia Utilities Commission | 1 | **1** |
|  | 54,809 | **56,174** |

---

**Voted Appropriations Description:** This sub-vote provides for the costs of the British Columbia Ferry Commission and partial funding of the Public Guardian and Trustee Operating Account. This sub-vote also provides for the operation, administration, and support services of the following tribunals: British Columbia Human Rights Tribunal; British Columbia Review Board; British Columbia Utilities Commission; Building Code Appeal Board; Civil Resolution Tribunal; Community Care and Assisted Living Appeal Board; Employment Standards Tribunal; Energy Resource Appeal Tribunal; Environmental Appeal Board; Financial Services Tribunal; Forest Appeals Commission; Health Professions Review Board; Hospital Appeal Board; Labour Relations Board; Mental Health Review Board; Passenger Transportation Board; Property Assessment Appeal Board; Safety Standards Appeal Board; Skilled Trades BC Appeal Board; and Surface Rights Board; including budgeting, expenditure management, human resources, information and systems management, performance management, appointments coordination, fees and expenses of appointees, and their governing legislation. Costs may be recovered from ministries, health authorities, regulated entities, Crown agencies, boards, commissions and other tribunals, other levels of government, parties external to government, public bodies, organizations, and individuals for activities described within this sub-vote.

**MULTICULTURALISM AND ANTI-RACISM**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Multiculturalism and Anti-Racism | 6,503 | **6,316** |

---

**Voted Appropriation Description:** This sub-vote provides for policy development, research, and the administration and delivery of multiculturalism and anti-racism programs and services. Programs and services include branch operations, support for the Resilience BC Anti-Racism Network, public education, community engagement, and other programming that supports intercultural interaction, racism and hate prevention, addressing systemic barriers, and building community responsiveness. Costs may be recovered from ministries, Crown corporations and agencies, other levels of government, external organizations, licensees, and individuals for activities described within this sub-vote.

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 765 | **765** |
| Corporate Services | 14,555 | **14,555** |
|  | 15,320 | **15,320** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Attorney General, executive direction of the ministry, including the Deputy Attorney General's office; general services to support program delivery; policy development; and management services for the ministry and the Ministry of Public Safety and Solicitor General, including information and systems management and service planning. This sub-vote also provides for other initiatives sponsored by the Attorney General, the ministry, and for the Parliamentary Secretary for Anti-Racism Initiatives. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 14 — MINISTRY OPERATIONS** | 721778 | **742,545** |

---

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 15 — JUDICIARY**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core business: Judiciary.

**JUDICIARY**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Superior Courts | 25420 | **26,231** |
| Provincial Courts | 87,334 | **89,719** |
|  | 112,754 | **115,950** |

---

**Voted Appropriations Description:** This sub-vote provides for administrative and support services for the Court of Appeal and Supreme Court located in the province and provides for the operational budget for the Provincial Court of British Columbia. Costs may be recovered from ministries and the federal government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 15 — JUDICIARY** | 112754 | **115,950** |

---

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 16 — *CROWN PROCEEDING ACT***

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: *Crown Proceeding Act*.

***CROWN PROCEEDING ACT***

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| *Crown Proceeding Act* | 24,500 | **24,500** |

---

**Voted Appropriation Description:** This sub-vote provides for the payments made under the authority of the *Crown Proceeding Act*.

---

| | | |
|:---|:---|:---|
| **VOTE 16 — *CROWN PROCEEDING ACT*** | 24500 | **24,500** |

---

**MINISTRY OF ATTORNEY GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 17 — INDEPENDENT INVESTIGATIONS OFFICE**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Independent Investigations Office.

**INDEPENDENT INVESTIGATIONS OFFICE**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Independent Investigations Office | 12,622 | **13,983** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of the Independent Investigations Office which operates under the provisions of the *Police Act*. This office conducts investigations into all incidents where the actions or inactions of police may have caused serious injury or death to any person. This includes all on and off duty police who are members of the Royal Canadian Mounted Police in British Columbia, a municipal police force, and on duty special provincial constables. When such investigations result in Crown counsel laying charges under the *Criminal Code* of Canada or any other statute, the Independent Investigations Office supports prosecution of the charges. Costs may be recovered from ministries, Crown agencies, boards and commissions, other provincial governments, and other organizations for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 17 — INDEPENDENT INVESTIGATIONS OFFICE** | 12622 | **13,983** |

---

**MINISTRY OF ATTORNEY GENERAL**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special account: Public Guardian and Trustee Operating Account.

**PUBLIC GUARDIAN AND TRUSTEE OPERATING ACCOUNT**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Public Guardian and Trustee Operating Account | 12311 | **12482** |
| Less: Transfer from Ministry Operations Vote | (12311) | **(12482)** |
|  |  | **—** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Public Guardian and Trustee Operating Account which is governed under the *Public Guardian and Trustee Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** |  |  |
| Salaries and Benefits | 695957 | **728970** |
| Operating Costs | 137846 | **139767** |
| Government Transfers | 195027 | **189682** |
| Other Expenses | 26699 | **26774** |
| Internal Recoveries | (119381) | **(122609)** |
| External Recoveries | (64494) | **(65606)** |
| **TOTAL OPERATING EXPENSES** | 871654 | **896978** |

---

**MINISTRY OF ATTORNEY GENERAL**

**SPECIAL ACCOUNTS**<sup>1</sup>

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**PUBLIC GUARDIAN AND TRUSTEE OPERATING ACCOUNT**

This account was established as a special account by the *Public Trustee Amendment Act* in 1989 and is governed by section 24 of the *Public Guardian and Trustee Act*. The account's revenue sources are transfers from the Ministry Operations Vote. Approved expenses provide for services to clients and for the administration of the Public Guardian and Trustee. Costs may be recovered from clients and parties external to government and from fees, commissions, and charges earned.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 21343 | **21481** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue |  |  |
| &nbsp;&nbsp;&nbsp;Expense | (42267) | (46729) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 29956 | 34247 |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry Operations Vote | 12311 | 12482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures | (363) | (363) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) | (363) | **(363)** |
| &nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> | 501 | **371** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR** <sup>2</sup>** | 21481 | **21489** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

The mission of the Ministry of Children and Family Development is to work together to deliver inclusive, culturally respectful, responsive, and accessible services to support the well-being of children, youth, and families.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 18 — Ministry Operations | 2400492 | **2711928** |
| **OPERATING EXPENSES** | 2400492 | **2711928** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 2230 | **2230** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | (31) | **(31)** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Early Childhood Development | 46523 | **45930** | **(2)** | **45928** |
| Services for Children and Youth with Support Needs | 642212 | **818562** | **(3729)** | **814833** |
| Child and Youth Mental Health Services | 130066 | **128383** | **(775)** | **127608** |
| Child Safety, Family Support and Children in Care Services | 1326498 | **1548421** | **(75361)** | **1473060** |
| Adoption Services | 36138 | **29121** | **(2)** | **29119** |
| Youth Justice Services | 55524 | **71611** | **(17985)** | **53626** |
| Service Delivery Support | 145118 | **149711** | **(199)** | **149512** |
| Executive and Support Services | 18413 | **18923** | **(681)** | **18242** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 2400492 | **2810662** | **(98734)** | **2711928** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Capital | **Capital** | **Receipts and** | |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Service Delivery Support | 2230 | **2230** |  | **2230** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 2230 | **2230** |  | **2230** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | (31) |  | **(31)** | **(31)** |
| &nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | (31) |  | **(31)** | **(31)** |

---

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 18 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Early Childhood Development; Services for Children and Youth with Support Needs; Child and Youth Mental Health Services; Child Safety, Family Support and Children in Care Services; Adoption Services; Youth Justice Services; Service Delivery Support; and Executive and Support Services.

**EARLY CHILDHOOD DEVELOPMENT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Early Childhood Development | 46,523 | **45,928** |

---

**Voted Appropriation Description:** This sub-vote provides funding for early childhood development programs and services primarily aimed at infants, young children, and their families. This sub-vote also provides for transfers to Indigenous Governing Bodies or other Indigenous parties for their delivery of child and family service programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**SERVICES FOR CHILDREN AND YOUTH WITH SUPPORT NEEDS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Services for Children and Youth with Support Needs | 642,212 | **814,833** |

---

**Voted Appropriation Description:** This sub-vote provides funding for programs and services dedicated to children and youth with support needs and their families. These include early intervention programs; supported child development; family support services; residential and guardianship services for children and youth with special needs agreements under the *Child, Family and Community Service Act*; and specialized provincial services. This sub-vote also provides for transfers to Indigenous Governing Bodies or other Indigenous parties for their delivery of child and family service programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**CHILD AND YOUTH MENTAL HEALTH SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Child and Youth Mental Health Services | 130,066 | **127,608** |

---

**Voted Appropriation Description:** This sub-vote provides funding for specialized and community-based intervention, treatment, and support services to children and youth experiencing mental health issues and their families. This includes, but is not limited to, the operation of the Maples adolescent mental health facility and services as provided for under the *Mental Health Act*. This sub-vote also provides for transfers to Indigenous Governing Bodies and other Indigenous parties for their delivery of child and family service programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**CHILD SAFETY, FAMILY SUPPORT AND CHILDREN IN CARE SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Child Safety, Family Support and Children in Care Services | 1,326,498 | **1,473,060** |

---

**Voted Appropriation Description:** This sub-vote provides funding for the welfare of children, youth, and young adults through programs and services provided for under the *Child, Family and Community Service Act*, the *Community Care and Assisted Living Act*, the *Employment and Assistance Act*, and the *Infants Act*, or other supports consistent with the intent of legislation. These include family supports; collaborative planning and decision-making services; child protection; children and youth in care; alternatives to care; services for youth and young adults; and for the support of organizations serving Indigenous children, youth, and families. This sub-vote also provides funding for programs and services dedicated to young adults transitioning from in-care or out-of-care services and arrangements. This sub-vote provides for transfers to Indigenous Governing Bodies or other Indigenous parties for their delivery of child and family service programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**ADOPTION SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Adoption Services | 36,138 | **29,119** |

---

**Voted Appropriation Description:** This sub-vote provides funding for adoption services as provided for under the *Adoption Act* and to facilitate the adoption of children in care. This includes funding for recruitment of adoptive families, promotion of adoptions, planning for permanency, and post-adoption assistance or other supports consistent with the intent of legislation. This sub-vote also provides for transfers to Indigenous Governing Bodies or other Indigenous parties for their delivery of adoption programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**YOUTH JUSTICE SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Youth Justice Services | 55,524 | **53,626** |

---

**Voted Appropriation Description:** This sub-vote provides funding for youth justice programs and services as provided for under the *Forensic Psychiatry Act*, the *Mental Health Act*, the *Youth Justice Act*, and the federal *Youth Criminal Justice Act*. These include specialized community-based and provincial facility-based programs and services which promote crime prevention and rehabilitation and support law-abiding behaviour among youth; youth custody centres and youth forensic psychiatric services; and other supportive programs consistent with the intent of legislation. This sub-vote also provides for transfers to Indigenous Governing Bodies or other Indigenous parties for their delivery of youth justice programs in alignment with jurisdiction. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**SERVICE DELIVERY SUPPORT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Service Delivery Support | 145,118 | **149,512** |

---

**Voted Appropriation Description:** This sub-vote provides funding for strategic and operational services which support ministry practices. These include service delivery administration; policy development; integrated technology system; quality assurance; and other supporting services under the *Adoption Act*, the *Child, Family and Community Service Act*, the *Community Care and Assisted Living Act*, the *Employment and Assistance Act*, the *Infants Act*, the *Mental Health Act*, the *Youth Justice Act*, and the federal *Youth Criminal Justice Act*. It also provides for participation in the negotiation and development of coordination, reconciliation, and other agreements with First Nations, Indigenous Peoples and organizations, and the federal government to further the socio-cultural and socio-economic priorities of the ministry, including the transfer of jurisdiction for child and family service programs to Indigenous Governing Bodies or other Indigenous parties. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 987 | **987** |
| Corporate Services | 17,426 | **17,255** |
|  | 18,413 | **18,242** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Children and Family Development and the Minister without portfolio; overall direction, development, and corporate support for all ministry services; and for the administration of the *Human Resource Facility Act*. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 18 — MINISTRY OPERATIONS** | 2400492 | **2,711,928** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** |  |  |
| Salaries and Benefits | 493646 | **507652** |
| Operating Costs | 61278 | **54811** |
| Government Transfers | 1989120 | **2292008** |
| Other Expenses | 2335 | **2335** |
| Internal Recoveries | (46144) | **(46144)** |
| External Recoveries | (99743) | **(98734)** |
| **TOTAL OPERATING EXPENSES** | 2400492 | **2711928** |

---

**MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**EXECUTIVE AND SUPPORT SERVICES**

HUMAN SERVICES PROVIDERS FINANCING PROGRAM — Receipts represent repayment of loans provided in previous fiscal years for capital purposes to stimulate investment in efficiencies and innovation by British Columbia community social services providers, including funds under the *Human Resource Facility Act*. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements |  |
| Receipts | (31) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | (31) |

---

**MINISTRY OF CITIZENS' SERVICES**

The mission of the Ministry of Citizens' Services is to enable cost-effective, accessible, and responsive service delivery to the public through multiple access points and provide efficient services to government.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 19 — Ministry Operations | 758844 | **741339** |
| **OPERATING EXPENSES** | 758844 | **741339** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 162953 | **142581** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF CITIZENS' SERVICES**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Services to Citizens and Businesses | 46772 | **59304** | **(12532)** | **46772** |
| Connected Services BC | 669267 | **747127** | **(95365)** | **651762** |
| Connectivity | 24235 | **24237** | **(2)** | **24235** |
| Procurement and Supply Services | 12265 | **58449** | **(46184)** | **12265** |
| Executive and Support Services | 6305 | **6340** | **(35)** | **6305** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 758844 | **895457** | **(154118)** | **741339** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Connected Services BC | 162593 | **142221** |  | **142221** |
| Procurement and Supply Services | 150 | **150** |  | **150** |
| Executive and Support Services | 210 | **210** |  | **210** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 162953 | **142581** |  | **142581** |

---

**MINISTRY OF CITIZENS' SERVICES**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 19 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Services to Citizens and Businesses, Connected Services BC, Connectivity, Procurement and Supply Services, and Executive and Support Services.

**SERVICES TO CITIZENS AND BUSINESSES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Service BC Operations | 45981 | **45,981** |
| BC Online | 790 | **790** |
| BC Registry Services | 1 | **1** |
|  | 46,772 | **46,772** |

---

**Voted Appropriations Description:** This sub-vote provides for service delivery to the public through multiple access points, including in-person, telephone, web, online, and virtual; as well as corporate leadership, planning, and implementation of cross-government initiatives such as user research, service and content design, and public engagement to improve service delivery to citizens and businesses. This sub-vote also provides for corporate, personal property, manufactured home, and business registry services for people and the business community, as well as onboarding and support for identity and credential management. Costs may be recovered from ministries, Crown agencies, boards and commissions, the federal government, other public sector organizations, public and private organizations, and the public for products, services, and activities described within this sub-vote.

**CONNECTED SERVICES BC**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Connected Services BC | 669,267 | **651,762** |

---

**Voted Appropriation Description:** This sub-vote provides for the leadership, governance, and delivery of digital and information services across government. It includes strategic planning, policy development, technology stewardship, and management of government information and technology, including infrastructure, applications, telecommunications, security policy and operations, records, privacy, and data services, as well as registration and certification functions. This sub-vote also provides for compliance with information management and privacy legislation, and the provision of expert advice, operational support, and capacity-building for ministries and public sector partners. Costs may be recovered from special accounts, ministries, Crown agencies, boards and commissions, other levels of government, and external parties for activities described within this sub-vote.

**CONNECTIVITY**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Connectivity | 24,235 | **24,235** |

---

**Voted Appropriation Description:** This sub-vote provides leadership and expertise for the planning, development, funding, and coordination of programs, initiatives, and investments related to the access to, and expansion of, internet connectivity, cellular services, and other telecommunication services throughout British Columbia; as well as the planning, sourcing, policies, and strategies for telecommunications services for the provincial government, agencies, Health Authorities, Crown organizations and other organizations on behalf of the Province. Project funding may be supplemented by other levels of government, the private sector, and other parties. Costs may be recovered from ministries, Crown agencies, boards and commissions, and other parties both internal and external to government for activities described within this sub-vote.

**PROCUREMENT AND SUPPLY SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Procurement and Supply Services | 12,265 | **12,265** |

---

**Voted Appropriation Description:** This sub-vote provides for procurement and supply services as outlined under the *Procurement Services Act*, including warehousing, product distribution, asset disposition services, mail distribution and financial payment processing, print and publications, and intellectual property services to ministries and certain external customers. This sub-vote also provides for procurement transformation and advisory services to government ministries as well as governance and support to a portfolio of strategic contracts and other complex, high-value service contracts across government and, as applicable, broader public sector entities. Costs may be recovered from ministries, Crown agencies, boards and commissions, other public sector organizations, public and private organizations, and the public for products and activities described within this sub-vote.

**MINISTRY OF CITIZENS' SERVICES**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26 | **Estimates <br> 2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 715 | **715** |
| Corporate Services | 5,590 | **5,590** |
|  | 6,305 | **6,305** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Citizens' Services and for executive direction of the ministry and administrative support services, including legislative and policy support, corporate planning, performance management, certain human resource activities, including employee engagement and employee communications; and other administrative services, including financial, facility, and security management. Costs may be recovered from ministries, Crown agencies, boards and commissions, and other parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 19 — MINISTRY OPERATIONS** | 758844 | **741,339** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 305079 | **317053** |
| Operating Costs | 653978 | **608630** |
| Government Transfers | 63050 | **57830** |
| Other Expenses | 104912 | **111188** |
| Internal Recoveries | (216150) | **(199244)** |
| External Recoveries | (152025) | **(154118)** |
| **TOTAL OPERATING EXPENSES** | 758844 | **741339** |

---

**MINISTRY OF EDUCATION AND CHILD CARE**

The mission of the Ministry of Education and Child Care is to set legal, financial, curricular, and accountability frameworks to achieve the vision of capable children and young people thriving in a rapidly changing world; and to increase access to quality, inclusive, affordable child care.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 20 — Ministry Operations | 9735915 | **10029589** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Training and Education Savings Program Special Account | 30001 | **30001** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Teachers Act Special Account* | 9082 | **9174** |
| **OPERATING EXPENSES** | 9774998 | **10068764** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF EDUCATION AND CHILD CARE**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 2025/26 | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |  |
| Public Schools |  | 8185316 | **8384859** | **(12000)** | **8372859** |
| Independent Schools |  | 589091 | **604456** | **—** | **604456** |
| Transfers to Other Partners |  | 63527 | **71038** | **(5756)** | **65282** |
| Child Care |  | 857222 | **2070588** | **(1123366)** | **947222** |
| Executive and Support Services |  | 40759 | **44476** | **(4706)** | **39770** |
| British Columbia Training and Education Savings Program Special Account | British Columbia Training and Education Savings Program Special Account | 30001 | **30001** | **—** | **30001** |
| *Teachers Act* Special Account |  | 9082 | **9174** | **—** | **9174** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** |  | 9774998 | **11214592** | **(1145828)** | **10068764** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital<br> Expenditures** | **Receipts and<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** |  | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** |  | **3** |

---

**MINISTRY OF EDUCATION AND CHILD CARE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 20 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Public Schools, Independent Schools, Transfers to Other Partners, Child Care, and Executive and Support Services.

**PUBLIC SCHOOLS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Public Schools | 8,185,316 | **8,372,859** |

---

**Voted Appropriation Description:** This sub-vote provides for funding to support public schools, including support for K-12 education, early learning, the Official Languages in Education Protocol, and funding to address class organization in public schools. Costs may be recovered from ministries, boards of education, and the federal government for activities described within this sub-vote.

**INDEPENDENT SCHOOLS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Independent Schools | 589,091 | **604,456** |

---

**Voted Appropriation Description:** This sub-vote provides for funding to support eligible independent schools. Costs may be recovered from ministries, independent schools, and the federal government for activities described within this sub-vote.

**TRANSFERS TO OTHER PARTNERS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Transfers to Other Partners | 63,527 | **65,282** |

---

**Voted Appropriation Description:** This sub-vote provides for funding to support K-12 education, early learning and literacy, post-secondary and career transition programs, including scholarships and awards, and the Official Languages in Education Protocol. Costs may be recovered from ministries, public sector agencies, and the federal government for activities described within this sub-vote.

**CHILD CARE**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Child Care | 857,222 | **947,222** |

---

**Voted Appropriation Description:** This sub-vote provides for funding for child care programs and services primarily aimed at infants, young children, and their families. This sub-vote also provides for funding to enable the director of the Early Childhood Educator Registry to fulfill legislated obligations under the *Community Care and Assisted Living Act*; and for the payment of child care benefits to parents and grant payments under the *Early Learning and Child Care Act*. This also includes payments to organizations which provide or support child care services. This sub-vote also provides funding for strategic and operational services which support child care service delivery, including service delivery administration; policy development; information systems; quality assurance; and other supporting services. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**MINISTRY OF EDUCATION AND CHILD CARE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26 | **Estimates <br> 2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 1014 | **1,014** |
| Corporate Services | 39,745 | **38,756** |
|  | 40,759 | **39,770** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Education and Child Care and for corporate services to the ministry; and the boards, agencies, and commissions supported by the ministry. This sub-vote also provides for executive direction for the ministry and management and support for ministry programs and initiatives. Costs may be recovered from special accounts, ministries, public sector agencies, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 20 — MINISTRY OPERATIONS** | 9735915 | **10,029,589** |

---

**MINISTRY OF EDUCATION AND CHILD CARE**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: British Columbia Training and Education Savings Program and *Teachers Act* Special Account.

**BRITISH COLUMBIA TRAINING AND EDUCATION SAVINGS PROGRAM**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| British Columbia Training and Education Savings Program special account | 30,001 | **30,001** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the British Columbia Training and Education Savings Program special account which is governed under the *Special Accounts Appropriation and Control Act*.

***TEACHERS ACT SPECIAL ACCOUNT***

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| *Teachers Act* Special Account | 9,082 | **9,174** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the *Teachers Act* Special Account which is governed under the *Teachers Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 106660 | **105286** |
| Operating Costs | 20615 | **19067** |
| Government Transfers | 10799256 | **11083882** |
| Other Expenses | 2485 | **6363** |
| Internal Recoveries | (4) | **(6)** |
| External Recoveries | (1154014) | **(1145828)** |
| **TOTAL OPERATING EXPENSES** | 9774998 | **10068764** |

---

**MINISTRY OF EDUCATION AND CHILD CARE**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**BRITISH COLUMBIA TRAINING AND EDUCATION SAVINGS PROGRAM SPECIAL ACCOUNT**

This account was established as a special account under the *Special Accounts Appropriation and Control Act* in 2007. The British Columbia Training and Education Savings Program special account provides funding for a grant program for the benefit of eligible students born on or after January 1, 2006. Expenses also include program administration costs recovered by the Ministry Operations Vote from the special account. Revenues represent investment earnings on the fund balance.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 435736 | **412513** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 10783 | 9704 |
| &nbsp;&nbsp;&nbsp;Expense | (30001) | (30001) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (19218) | **(20297)** |
| &nbsp;&nbsp;&nbsp;Difference Between 2025/26 Estimates and Projected Actual Net Revenue (Expense) | (4005) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 412513 | **392216** |

---

**NOTES** 

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF EDUCATION AND CHILD CARE**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

***TEACHERS ACT* SPECIAL ACCOUNT**

This account was established as a special account under the *Teachers Act* in 2012. The *Teachers Act* Special Account provides funding for costs and expenses incurred in connection with the administration of the *Teachers Act* and any debts, obligations, and liabilities transferred to the government under the dissolution of the British Columbia College of Teachers. Revenues include money transferred to government under section 87 of the *Teachers Act*; proceeds realized on disposition of rights, property, and assets transferred to government under section 87 of the *Teachers Act*; and fees, remittances, and costs paid to government under the *Teachers Act*, the *School Act*, and the *Independent School Act*.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 2733 | **2739** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 9200 | 8915 |
| &nbsp;&nbsp;&nbsp;Expense | (9082) | (9174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 118 | **(259)** |
| &nbsp;&nbsp;&nbsp;Difference Between 2025/26 Estimates and Projected Actual Net Revenue (Expense) | (112) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 2739 | **2480** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**This page intentionally left blank.**

**MINISTRY OF EMERGENCY MANAGEMENT AND CLIMATE**

**READINESS**

The mission of the Ministry of Emergency Management and Climate Readiness is to lead emergency and disaster risk management, build and foster collaborative relationships and partnerships, advance meaningful and lasting reconciliation with Indigenous Peoples, and support all people in British Columbia to reduce climate and disaster risk. The ministry is responsible for providing cross-ministry coordination to enhance British Columbia's readiness and resilience towards climate and disaster risks and ensuring a comprehensive and interconnected approach to achieve climate and disaster risk reduction.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 21 — Ministry Operations | 79382 | **74403** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 22 — *Emergency and Disaster Management Act* | 36420 | **36420** |
| **OPERATING EXPENSES** | 115802 | **110823** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 53 | **53** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF EMERGENCY MANAGEMENT AND CLIMATE READINESS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External**<br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Emergency and Disaster Management Operations | 36749 | **36534** | **(491)** | **36043** |
| Climate Readiness Programs | 36884 | **43082** | **(10001)** | **33081** |
| Executive and Support Services | 5749 | **5281** | **(2)** | **5279** |
| *Emergency and Disaster Management Act* | 30000 | **30001** | **(1)** | **30000** |
| Financial Assistance | 6420 | **6420** | **—** | **6420** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 115802 | **121318** | **(10495)** | **110823** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital<br> Expenditures** | **Receipts and<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Emergency and Disaster Management Operations | 53 | **53** |  | **53** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 53 | **53** |  | **53** |

---

**MINISTRY OF EMERGENCY MANAGEMENT AND CLIMATE READINESS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 21 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Emergency and Disaster Management Operations, Climate Readiness Programs, and Executive and Support Services.

**EMERGENCY AND DISASTER MANAGEMENT OPERATIONS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Emergency and Disaster Management Operations | 36,749 | **36,043** |

---

**Voted Appropriation Description:** This sub-vote provides for costs related to emergency and disaster management operations, including legislative and policy development, strategic partnerships and agreements management, and program design and administration. Costs may be recovered from ministries, Crown agencies, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**CLIMATE READINESS PROGRAMS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Climate Readiness Programs | 36,884 | **33,081** |

---

**Voted Appropriation Description:** This sub-vote provides for costs related to climate readiness risk management, disaster preparedness, disaster mitigation and adaptation, including strategic reviews, policy development, program design and delivery, and training and exercising. Costs may be recovered from ministries, Crown agencies, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 799 | **799** |
| Corporate Services | 4,950 | **4,480** |
|  | 5,749 | **5,279** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Emergency Management and Climate Readiness; and executive direction of the ministry, including the deputy minister's office; general services to support program delivery; and management services for the ministry, including financial operations, certain human resource activities, corporate planning, organizational development, internal communications, information management and systems, and facilities management. Costs may be recovered from ministries, Crown agencies, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 21 — MINISTRY OPERATIONS** | 79382 | **74,403** |

---

**MINISTRY OF EMERGENCY MANAGEMENT AND CLIMATE READINESS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 22 — *EMERGENCY AND DISASTER MANAGEMENT ACT***

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: *Emergency and Disaster Management Act* and Financial Assistance.

***EMERGENCY AND DISASTER MANAGEMENT ACT***

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| *Emergency and Disaster Management Act* | 30,000 | **30,000** |

---

**Voted Appropriation Description:** This sub-vote provides for the costs of preparing for, responding to, and recovering from critical incidents; taking emergency measures; and acquiring emergency resources as described in the *Emergency and Disaster Management Act*. This sub-vote allows for statutory appropriation under the *Emergency and Disaster Management Act*. Costs may be recovered from ministries, other governments, agencies, organizations, and individuals for activities described within this sub-vote.

**FINANCIAL ASSISTANCE**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Financial Assistance | 6,420 | **6,420** |

---

**Voted Appropriation Description:** This sub-vote provides for the provision of financial assistance under the *Emergency and Disaster Management Act* as prescribed in regulation.

---

| | | |
|:---|:---|:---|
| **VOTE 22 — *EMERGENCY AND DISASTER MANAGEMENT ACT*** | 36420 | **36,420** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 36749 | **36557** |
| Operating Costs | 30848 | **28904** |
| Government Transfers | 59209 | **56366** |
| Other Expenses | 21 | **21** |
| Internal Recoveries | (530) | **(530)** |
| External Recoveries | (10495) | **(10495)** |
| **TOTAL OPERATING EXPENSES** | 115802 | **110823** |

---

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

The mission of the Ministry of Energy and Climate Solutions is to align energy and climate policies and programs to facilitate a clean, competitive and sustainable economy for the benefit of all peoples in British Columbia, now and in the future.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 23 — Ministry Operations | 86205 | **89684** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Nations Clean Energy Business Fund Special Account | 10359 | **10582** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innovative Clean Energy Fund Special Account | 10905 | **8735** |
| **OPERATING EXPENSES** | 107469 | **109001** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 10000 | **10000** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External**<br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Climate Action | 18710 | **17242** | **(83)** | **17159** |
| CleanBC Program for Industry and BC-Output Based Pricing System | 4151 | **6516** | **(2)** | **6514** |
| Energy Decarbonization | 36978 | **36417** | **(2)** | **36415** |
| Electricity and Utility Regulation | 3219 | **6274** | **(3330)** | **2944** |
| Energy Resources | 18275 | **20061** | **(2)** | **20059** |
| Executive and Support Services | 4872 | **6597** | **(4)** | **6593** |
| First Nations Clean Energy Business Fund Special Account | 10359 | **10584** | **(2)** | **10582** |
| Innovative Clean Energy Fund Special Account | 10905 | **8737** | **(2)** | **8735** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 107469 | **112428** | **(3427)** | **109001** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital<br> Expenditures** | **Receipts and<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | **3** |  | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** |  | **3** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Climate Action | 10000 | **10000** |  | **10000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 10000 | **10000** |  | **10000** |

---

---

| | | | |
|:---|:---|:---|:---|
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** | Net | **Disbursements** | **Receipts** |
| **Core Business** |  |  |  |
| Energy Resources |  | **55880** | **(55880)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** |  | **55880** | **(55880)** |

---

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 23 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Climate Action, CleanBC Program for Industry and BC-Output Based Pricing System, Energy Decarbonization, Electricity and Utility Regulation, Energy Resources, and Executive and Support Services.

**CLIMATE ACTION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Climate Action | 18,710 | **17,159** |

---

**Voted Appropriation Description:** This sub-vote provides for support for the activities required to meet the province's climate action targets under the *Climate Change Accountability Act*, along with British Columbia's climate policies, the requirements under the *Greenhouse Gas Industrial Reporting and Control Act*, and for adapting to the impacts of climate change. This includes leading engagement processes across ministries, other governments, a diverse range of stakeholders, and the general public. Activities include developing and leading the Province's climate action strategy; research and policy development on climate action measures; education and communication on impacts of climate change; advising and supporting Executive Council and its committees on matters of climate action and clean energy; the evaluation, management, and delivery of cross-government initiatives; and developing greenhouse gas requirements for industry, standardized offsets program, Carbon Neutral Government, and all related legislation and regulations. This sub-vote also provides for policy, planning, coordination and operational support, consultations, outreach, partnerships, education, research, and the procurement of carbon offsets. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**CLEANBC PROGRAM FOR INDUSTRY AND BC-OUTPUT BASED PRICING SYSTEM**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| CleanBC Program for Industry and BC-Output Based Pricing System | 4,151 | **6,514** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration and implementation of carbon pricing programs that improve the competitiveness of large industrial emitters operating within British Columbia, supports projects that identify or reduce greenhouse gas emissions from large industrial emitters, and incentivizes large industrial emitters to identify or reduce emissions. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**ENERGY DECARBONIZATION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Energy Decarbonization | 36,978 | **36,415** |

---

**Voted Appropriation Description:** This sub-vote provides for the development of policies and programs to support province-wide energy efficiency and clean fuel-switching measures and programs, alternative energy resource development, and the advancement of leading-edge energy technologies. This sub-vote also provides for legislative and regulatory initiatives to increase the adoption of zero emission vehicles; reduce the carbon intensity of transportation fuels; expand the production and use of renewable fuels; and set minimum energy efficiency standards. This sub-vote supports the provision of policy advice or direction to electrical and gas utilities, the private sector, Indigenous communities, and local governments regarding investment in new clean energy resources and demand-side measures. This sub-vote also provides support for strategic and operational management of funding to support reconciliation initiatives and negotiations for the First Nations Clean Energy Business Fund special account. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26 | **Estimates <br> 2026/27** |
| **ELECTRICITY AND UTILITY REGULATION** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Electricity and Utility Regulation | 3,219 | **2,944** |

---

**Voted Appropriation Description:** This sub-vote provides for development of legislation, policies, and programs to support all forms of electrical power generation, transmission, distribution, and marketing; regional electricity trading and electricity system reliability and coordination, including the Columbia River Treaty; alternative energy resource development; and the advancement of leading-edge energy technologies. This sub-vote supports the provision of policy and energy policy frameworks and planning advice or direction to electrical and gas utilities and the regulator, the British Columbia Utilities Commission; ministers' governance roles in respect of Crown corporations; private sector and Indigenous investment in new electricity and alternative energy resources; and strategic policy development for clean, renewable energy producers. Costs may be recovered from the proceeds of the sale of downstream power benefits under the Columbia River Treaty, and revenues arising from activities related to the Columbia Basin Trust and Columbia Power Corporation. Costs may also be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**ENERGY RESOURCES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Energy Resources | 18,275 | **20,059** |

---

**Voted Appropriation Description:** This sub-vote provides for the management and responsible development of the province's energy resources, including petroleum, natural gas, hydrogen, methanol, and ammonia; management of geothermal resources; issuing and administrating Crown petroleum and natural gas subsurface tenures, and storage reservoir tenures, as well as the revenues associated with those tenures; working with Indigenous Nations and industry to heal the land, and reduce emissions; undertaking analysis to develop and implement policies and programs, including the province's royalty regime; identifying, stimulating, and facilitating development and market opportunities that add value to British Columbia's energy resources; developing provincial statutes and regulations that apply to the energy sector; representing the province's interests before energy regulatory tribunals; facilitating and leading the development and implementation of major energy projects and related infrastructure; developing and maintaining petroleum geology databases; assessing and collaborating cross-government on environmental monitoring and research, as well as on managing cumulative effects and land planning; providing for the restoration and remediation of oil and gas and related sites; and engaging and collaborating with Indigenous communities, stakeholders, local and federal governments, and the public. This sub-vote also provides for the receipt of funds to support Surface Rights Board orders relating to private land by oil and gas companies. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 821 | **821** |
| Corporate Services | 4,051 | **5,772** |
|  | 4,872 | **6,593** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Energy and Climate Solutions and executive support, including the deputy minister's office, and coordination of legislation. This sub-vote also provides for corporate services, correspondence, records management, and information and privacy. This sub-vote also provides for executive direction to the ministry; finance and administrative; information management services and systems; revenue collection; and trust fund management for ministry operations, programs, and clients. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 23 — MINISTRY OPERATIONS** | 86205 | **89,684** |

---

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: First Nations Clean Energy Business Fund and Innovative Clean Energy Fund.

**FIRST NATIONS CLEAN ENERGY BUSINESS FUND**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| First Nations Clean Energy Business Fund special account | 10,359 | **10,582** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the First Nations Clean Energy Business Fund special account which is governed under the *Clean Energy Act*.

**INNOVATIVE CLEAN ENERGY FUND**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Innovative Clean Energy Fund special account | 10,905 | **8,735** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Innovative Clean Energy Fund special account which is governed under the *Special Accounts Appropriation and Control Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 40527 | **42788** |
| Operating Costs | 25974 | **23726** |
| Government Transfers | 48787 | **46290** |
| Other Expenses | 1216 | **2937** |
| Internal Recoveries | (3313) | **(3313)** |
| External Recoveries | (5722) | **(3427)** |
| **TOTAL OPERATING EXPENSES** | 107469 | **109001** |

---

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

---

| |
|:---|
| **FIRST NATIONS CLEAN ENERGY BUSINESS FUND SPECIAL ACCOUNT** |
| This account was created as a fund under the *Clean Energy Act* in 2010. It provides for increased First Nations participation in the clean energy sector through sharing of revenue government receives from clean power projects and supporting First Nation capacity and equity in clean energy projects. The account also provides for administration costs of the account. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this account. |

---

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 19967 | **19967** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 10359 | 10582 |
| &nbsp;&nbsp;&nbsp;Expense | (10362) | (10585) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 19967 | **19967** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

---

| |
|:---|
| **INNOVATIVE CLEAN ENERGY FUND SPECIAL ACCOUNT** |

---

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 13392 | **10487** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 8000 | 7500 |
| &nbsp;&nbsp;&nbsp;Expense | (10908) | (8738) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (2905) | **(1235)** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 10487 | **9252** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**CLIMATE ACTION**

GREENHOUSE GAS EMISSIONS OFFSET — Disbursements represent the purchase of greenhouse gas emissions offsets for extinguishment in accordance with government's carbon neutral initiative. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 10000 | **10,000** |
| Receipts |  | **—** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 10,000 | **10,000** |

---

**MINISTRY OF ENERGY AND CLIMATE SOLUTIONS**

**REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**ENERGY RESOURCES**

BRITISH COLUMBIA ENERGY REGULATOR — Disbursements are provided by the Province to the British Columbia Energy Regulator with respect to energy resource industry fees, levies, and taxes assessed and collected on behalf of the British Columbia Energy Regulator under the *Energy Resource Activities Act*, and the Fee, Levy and Security Regulation. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 54510 | **55880** |
| Receipts | (54510) | **(55880)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

**This page intentionally left blank.**

**MINISTRY OF ENVIRONMENT AND PARKS**

The mission of the Ministry of Environment and Parks is to provide leadership in ensuring our natural legacy for future generations and to support positive economic outcomes for British Columbia.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 24 — Ministry Operations | 155355 | **149340** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 25 — Environmental Assessment Office | 16781 | **16781** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park Enhancement Fund Special Account | 13033 | **19300** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sustainable Environment Fund Special Account | 28690 | **28690** |
| **OPERATING EXPENSES** | 213859 | **214111** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 32956 | **33194** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF ENVIRONMENT AND PARKS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External**<br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Environmental Protection | 30556 | **32763** | **(2216)** | **30547** |
| Conservation and Recreation Division | 98936 | **93373** | **(355)** | **93018** |
| Executive and Support Services | 25863 | **25777** | **(2)** | **25775** |
| Environmental Assessment Office | 16781 | **17682** | **(901)** | **16781** |
| Park Enhancement Fund Special Account | 13033 | **20100** | **(800)** | **19300** |
| Sustainable Environment Fund Special Account | 28690 | **28690** | **—** | **28690** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 213859 | **218385** | **(4274)** | **214111** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 32556 | **32794** |  | **32794** |
| Park Enhancement Fund Special Account | 400 | **400** |  | **400** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 32956 | **33194** |  | **33194** |

---

**MINISTRY OF ENVIRONMENT AND PARKS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 24 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Environmental Protection, Conservation and Recreation Division, and Executive and Support Services.

**ENVIRONMENTAL PROTECTION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Environmental Protection | 30,556 | **30,547** |

---

**Voted Appropriation Description:** This sub-vote provides for clean, healthy, and safe water, land, and air for all living things; administering the *Sustainable Environment Fund Act*; setting emission and discharge standards; monitoring and reporting on ambient air and water quality; reducing and removing contaminating toxins and waste; managing pesticide use; responding to high-risk environmental emergencies; and administering extended producer responsibility programs. This sub-vote also provides for the provision of laboratory services to ministry-related vote activities, and to other public and private sector entities on a cost recovery basis. Activities also include the acquisition, collection, analysis, interpretation, inventorying, and reporting of data and activities related to emissions and discharges into the environment. Transfers are provided for activities concerned with protecting and managing the environment. Eligible costs are recovered from the Sustainable Environment Fund. Costs may also be recovered from special accounts, ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

**CONSERVATION AND RECREATION DIVISION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Conservation and Recreation Division | 98,936 | **93,018** |

---

**Voted Appropriation Description:** This sub-vote provides for the planning and protection of natural spaces, including provincial parks and protected areas and recreation sites and trails, as well as natural resource law enforcement and public safety services related to human-wildlife conflicts, regulated activities, and emergency management. This sub-vote provides for acquisition, planning, management, administration, and utilization of areas for recreation and conservation. This includes the planning, protection, inventory, maintenance, and restoration of terrestrial and aquatic ecosystems in BC Parks and protected areas, recreation sites and trails, and reconciliation efforts with Indigenous Peoples through joint stewardship, cultural acknowledgement, and other government-to-government partnership activities; wildfire planning, prevention, and awareness; initiation of compliance and enforcement activities; provision of commercial and non-commercial recreational opportunities; development and maintenance of provincial park and recreation site facilities supporting public use of the front country, back country, and marine areas; promotion and management of recreation services; monitoring and reporting on park attendance, visitor satisfaction, and land status and condition; provision of information, marketing, education, community engagement, volunteers, and stewardship activities; promotion of use and awareness of the protected areas system; and fundraising from external sources to support program delivery. Transfers are provided for stewardship, information and education, and management and administration of parks and protected areas by third parties. This sub-vote also provides for activities related to upholding British Columbia and Canada laws and supporting the continuous improvement in compliance with requirements established by government to protect the environment, the province's natural resources, and related human health and safety, including education and promotion, inspections, investigations, and enforcement of standards for the protection of fish, wildlife, habitat, and the environment. This sub-vote also provides for monitoring, compliance, and enforcement of environmental standards for natural resources management for government and revenue policies; managing public safety issues related to emergency management, regulated activities, human/wildlife conflicts, and predator/livestock issues; combating natural resources crimes; and enforcing rules governing the use of forest service recreation sites, trails, and fire bans. This sub-vote also provides for legislation and policy development and implementation. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, licensees, and individuals for activities described within this sub-vote.

**MINISTRY OF ENVIRONMENT AND PARKS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26 | **Estimates<br> 2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 817 | **817** |
| Corporate Services | 25,046 | **24,958** |
|  | 25,863 | **25,775** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Environment and Parks and executive support, including the deputy minister's office, strategic services, and Indigenous partnerships. This sub-vote provides executive direction and corporate administration to the ministry; finance, administrative, and certain human resource activities; information management services and systems; facilities; information and privacy; revenue collection; and trust fund management for ministry operations, programs, and clients. This sub-vote provides for corporate service transformation; strategic and business planning; systems planning; corporate policy development; coordination of legislation and intergovernmental relations; developing and maintaining relationships with Indigenous Peoples, including through reconciliation activities and Indigenous partnerships; program evaluation; economic and regulatory impact analysis; and regulatory effectiveness. This sub-vote provides for the planning and related delivery associated with establishing a central compliance and enforcement office and for providing corporate direction in relation to compliance and enforcement activities within the scope of the ministry's legislative authorities. Transfers are provided for activities concerned with access, protection, and management of the environment. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 24 — MINISTRY OPERATIONS** | 155355 | **149,340** |

---

**MINISTRY OF ENVIRONMENT AND PARKS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 25 — ENVIRONMENTAL ASSESSMENT OFFICE**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Environmental Assessment Office.

**ENVIRONMENTAL ASSESSMENT OFFICE**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Environmental Assessment Office | 16,781 | **16,781** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration and continuous improvement of an objective, publicly accessible, and neutrally administered process under the *Environmental Assessment Act*. The process assesses environmental, economic, social, cultural, and health effects of major projects proposed in British Columbia; identifies means for preventing or reducing adverse effects; and regulates certified projects to ensure compliance with legally-binding project conditions. The Environmental Assessment Office promotes sustainability and supports reconciliation with Indigenous Peoples in British Columbia. The Environmental Assessment Office also facilitates public participation in environmental assessments and coordinates assessments with other governments, including Indigenous nations, and with other provincial ministries and agencies. Where projects have proceeded successfully through the process, the Environmental Assessment Office leads compliance and effectiveness monitoring, audit, and management, often in collaboration with other government agencies. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, businesses, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 25 — ENVIRONMENTAL ASSESSMENT OFFICE** | 16781 | **16,781** |

---

**MINISTRY OF ENVIRONMENT AND PARKS**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: Park Enhancement Fund and Sustainable Environment Fund.

**PARK ENHANCEMENT FUND**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Park Enhancement Fund special account | 13,033 | **19,300** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Park Enhancement Fund special account which is governed under the *Special Accounts Appropriation and Control Act*.

**SUSTAINABLE ENVIRONMENT FUND**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Sustainable Environment Fund | 28,690 | **28,690** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Sustainable Environment Fund which is governed under the *Sustainable Environment Fund Act* and regulations.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 121146 | **120617** |
| Operating Costs | 71861 | **71278** |
| Government Transfers | 10200 | **11564** |
| Other Expenses | 42016 | **42316** |
| Internal Recoveries | (27390) | **(27390)** |
| External Recoveries | (3974) | **(4274)** |
| **TOTAL OPERATING EXPENSES** | 213859 | **214111** |

---

**MINISTRY OF ENVIRONMENT AND PARKS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

---

| |
|:---|
| **PARK ENHANCEMENT FUND SPECIAL ACCOUNT** |

---

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 25976 | **25443** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 12900 | 19300 |
| &nbsp;&nbsp;&nbsp;Expense | (13533) | (20100) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 500 | 800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (133) | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures | (400) | (400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) | (400) | **(400)** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 25443 | **25043** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF ENVIRONMENT AND PARKS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

---

| |
|:---|
| **SUSTAINABLE ENVIRONMENT FUND** |
| This account was created in 1990 by the *Sustainable Environment Fund Act* and subsequent amendments. It provides for the protection of the air, land, and water; and for environmental renewal by preventing pollution, controlling pollutants and administering remediation activities under the *Environmental Management Act*, the *Integrated Pest Management Act*, and related regulations. Revenue is derived from environmental levies, fees, and licences; and from contributions from the federal government, other organizations, and individuals. Expenses represent transfers provided to the Ministry of Environment and Parks for administration and development of policies, legislation, regulations, standards and criteria for discharges and emissions; monitoring and understanding of the receiving environment; education and encouragement of activities to prevent pollution; enforcement of waste reduction; air and water quality; administering contaminated sites, hazardous waste management, and soil and water remediation projects. Transfers are also provided to local governments, other organizations, and individuals to assist in waste management and to support various environmental protection initiatives. |

---

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 16751 | **17251** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 29190 | 29190 |
| &nbsp;&nbsp;&nbsp;Expense | (28690) | (28690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 500 | **500** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 17251 | **17751** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF FINANCE**

The mission of the Ministry of Finance is to be trusted partners delivering responsible, consistent, and valued financial and fiscal services, leadership, and advice; provide human resource leadership and services that contribute to better business performance of ministries and government as a whole; plan, coordinate, and deliver communications programs, policies, research, and services for ministries and certain public bodies; enhance access to government services and information for citizens; and directly engage with citizens on issues and decisions made by government.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 26 — Ministry Operations | 384337 | **381863** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 27 — Government Communications and Public Engagement | 30630 | **29430** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 28 — BC Public Service Agency | 119693 | **115350** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 29 — Benefits and Other Employment Costs | 1 | **1** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Nations Equity Financing Special Account |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing Priority Initiatives Special Account | 878154 | **480843** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance and Risk Management Account Special Account | 6177 | **6303** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Term Disability Fund Special Account | 76496 | **77176** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Transfer from Ministry Operations Vote | (50430) | **(38228)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provincial Home Acquisition Wind Up Special Account | 10 | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Land Tax Deferment Act* | 92000 | **92000** |
| **OPERATING EXPENSES** | 1537068 | **1144748** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 310 | **180** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 647430 | **685800** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF FINANCE**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External**<br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Treasury Board Staff | 9939 | **9946** | **(10)** | **9936** |
| Office of the Comptroller General | 16329 | **16528** | **(209)** | **16319** |
| Treasury | 1 | **45665** | **(45664)** | **1** |
| Revenue Division | 275125 | **293722** | **(18707)** | **275015** |
| Policy and Legislation | 9134 | **10663** | **(2031)** | **8632** |
| Public Sector Employers' Council Secretariat | 31992 | **30811** | **(21)** | **30790** |
| Crown Agencies Secretariat | 7420 | **91894** | **(85003)** | **6891** |
| Transfers to Crown Corporations and Agencies | 6361 | **6361** | **—** | **6361** |
| Executive and Support Services | 28036 | **27920** | **(2)** | **27918** |
| Government Communications | 30630 | **29691** | **(261)** | **29430** |
| BC Public Service Agency | 119693 | **119727** | **(4377)** | **115350** |
| Benefits and Other Employment Costs | 1 | **89643** | **(89642)** | **1** |
| First Nations Equity Financing Special Account |  | **—** | **—** | **—** |
| Housing Priority Initiatives Special Account | 878154 | **490443** | **(9600)** | **480843** |
| Insurance and Risk Management Account Special Account | 6177 | **8724** | **(2421)** | **6303** |
| Long Term Disability Fund Special Account | 26066 | **51023** | **(12075)** | **38948** |
| Provincial Home Acquisition Wind Up Special Account | 10 | **10** | **—** | **10** |
| *Land Tax Deferment Act* | 92000 | **92000** | **—** | **92000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 1537068 | **1414771** | **(270023)** | **1144748** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 300 | **170** |  | **170** |
| BC Public Service Agency | 10 | **10** |  | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 310 | **180** |  | **180** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Revenue Division | 647430 | **947800** | **(262000)** | **685800** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 647430 | **947800** | **(262000)** | **685800** |

---

---

| | | | |
|:---|:---|:---|:---|
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** | Net | **Disbursements** | **Receipts** |
| **Core Business** |  |  |  |
| Revenue Division |  | **1688527** | **(1688527)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** |  | **1688527** | **(1688527)** |

---

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 26 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Treasury Board Staff, Office of the Comptroller General, Treasury, Revenue Division, Policy and Legislation, Public Sector Employers' Council Secretariat, Crown Agencies Secretariat, Transfers to Crown Corporations and Agencies, and Executive and Support Services.

**TREASURY BOARD STAFF**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Treasury Board Staff | 9,939 | **9,936** |

---

**Voted Appropriation Description:** This sub-vote provides for advice to government on management of ministry, service delivery agency, and commercial Crown corporation operating and capital spending; economic performance, revenue, and debt, including development of economic, revenue, and spending forecasts. This sub-vote also provides for the development and management of the provincial government's budget and three-year fiscal plan, including production of the Budget and Fiscal Plan, the Estimates, Quarterly Reports, and other related documents; advice and recommendations to Treasury Board on financial and capital management issues, including development of standards, policies, and programs to support government initiatives; and review and approval of ministry, service delivery agency, and commercial Crown corporation plans. Costs may be recovered from ministries, Crown corporations and agencies, and parties external to government for activities described within this sub-vote.

**OFFICE OF THE COMPTROLLER GENERAL**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Office of the Comptroller General | 13464 | **13,455** |
| Internal Audit and Advisory Services | 2,865 | **2,864** |
|  | 16,329 | **16,319** |

---

**Voted Appropriations Description:** This sub-vote provides for a corporate governance framework over financial management, procurement, and general administration for the provincial government. Activities include the development of legislation, policies, procedures, and guidelines; directing the methods of accounting; administration of the central accounts of government; evaluation of financial management throughout government; management advisory services; and preparation of the Public Accounts, other statements, and financial reports. This sub-vote also provides for the operation, maintenance, and upgrading of the Corporate Financial System. This sub-vote also provides for performance management, compliance monitoring, payment diversion, forensic examinations, and internal audits. This sub-vote also provides for the administration of unclaimed property and other duties assigned to the Comptroller General by Treasury Board. Costs may be recovered from ministries, organizations within the government reporting entity, and parties external to government for activities described within this sub-vote.

**TREASURY**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Treasury | 1 | **1** |

---

**Voted Appropriation Description:** This sub-vote provides for debt management and banking and cash management services to government, government bodies, and other authorized organizations. In addition, the sub-vote provides for administration, related due diligence and other services in respect of the First Nations Equity Financing special account. Debt management services include management of the government's borrowing and fiscal agency loan programs; investments related to those programs; advisory and arranger services in relation to corporate and project finance initiatives; investor and rating agency relations; accounting, reporting, forecasting, and analysis services relating to the debt of the government reporting entity and the organizations within it; and related financing and liability management services. Banking and cash management services include negotiation and management of banking contracts and credit arrangements; development of government banking policy; cash management of the Central Deposit Program, the Consolidated Revenue Fund, and related funds, including investment of those funds; payment and revenue consolidation services; management of government compliance with payment card industry data security standards; and banking and cash management related services. Costs may be recovered from the Management of Public Funds and Debt Vote, ministries, Crown corporations and agencies, and parties external to government for activities described within this sub-vote.

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**REVENUE DIVISION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Revenue Division | 275,125 | **275,015** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration and enforcement of revenue statutes, including the related revenue, royalties, interest, refunds, rebates, and benefit programs that are the responsibility of the Ministry of Finance. This sub-vote also provides for the administration of various revenue and loan programs, including invoicing, payment processing, account receivables management, and collections; costs resulting from the administration of loans and grants issued under student financial assistance programs; ongoing administration of the reconstruction loan portfolio under the *Homeowner Protection Act*; collection of Medical Services Plan premiums; administration of the Anti-Money Laundering Secretariat; and policy development in relation to the Province's First Nations Equity Financing Program. Costs may be recovered from revenue administered by the ministry. Costs may also be recovered from ministries, organizations within the government reporting entity, and parties external to government for services described within this sub-vote.

**POLICY AND LEGISLATION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Policy and Legislation | 9133 | **8,631** |
| Assessment Services | 1 | **1** |
|  | 9,134 | **8,632** |

---

**Voted Appropriations Description:** This sub-vote provides for the legislative frameworks for the corporate and personal property registries, as well as the regulation of financial services, capital markets, occupational pension plans, real estate services, mortgage brokers, corporations, cooperatives, partnerships, and societies. This sub-vote provides for the legislative framework creating and overseeing the Land Title and Survey Authority. This sub-vote is also responsible for the coordination of budget and non-budget legislation for the ministry. In addition, this sub-vote provides advice to the Minister of Finance and government on tax policy, property assessment policy, and intergovernmental fiscal relations and income security; for negotiations of financial, tax, and fiscal arrangements with First Nations, the federal government, and other levels of government; and supports the implementation of government tax and assessment policy through legislation and regulation. This sub-vote provides for anti-money laundering initiatives, including landowner transparency initiatives, and data analytics capabilities. This sub-vote also provides for transfers to Crown corporations and agencies for which the ministry is responsible. This sub-vote also provides for the administration of the *Assessment Act*, and the *Assessment Authority Act*, and for the operation of the Property Assessment Review Panels, including the fees and expenses of appointees to the Panels. Costs may be recovered from ministries, Crown corporations and agencies, other levels of government, public bodies, and parties external to government for activities described within this sub-vote.

**PUBLIC SECTOR EMPLOYERS' COUNCIL SECRETARIAT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Public Sector Employers' Council Secretariat | 31,992 | **30,790** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of the Public Sector Employers' Council and the Council Secretariat, as established pursuant the *Public Sector Employers Act*, and includes government's financial contributions to employers' associations established under the *Public Sector Employers Act*. The Secretariat develops and coordinates strategic direction for issues in labour relations and advises government with respect to labour relations and compensation-related issues in the public sector. The Secretariat also performs functions related to the *Public Sector Pension Plans Act*. Costs may be recovered from pension boards for activities described within this sub-vote. Costs may also be recovered from ministries, Crown corporations and agencies, other levels of government, public bodies, and parties external to government for activities described within this sub-vote.

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

 *($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**CROWN AGENCIES SECRETARIAT**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Crown Agencies Secretariat | 7,420 | **6,891** |

---

**Voted Appropriation Description:** This sub-vote provides for the operations of the Crown Agencies Secretariat, specifically its role to oversee governance, finances, operational policy, major projects, and corporate accountability for certain Crown corporations and other public sector organizations. This includes working with Crown corporations and other public sector organizations and responsible ministries to review, develop, implement and/or monitor governance structures, policies and legislation, financial results, major project planning and delivery, and corporate planning and reporting. This sub-vote also provides for the oversight of and contribution to policy development for gaming initiatives in the province, including in relation to the generation of revenues and the availability of gaming opportunities, and for the distribution of certain gaming proceeds. This sub-vote also provides for leadership, direction and/or strategic advice on issues related to Crown corporations and other public sector organizations, including financial matters, policy and legislation, issues management and stakeholder relations, leadership, and delivery of public sector board governance best practices and training, as well as recruitment of candidates and recommendations for appointments to all Crown corporations, agencies, boards, and commissions. Costs may be recovered from ministries, organizations within the government reporting entity, and parties external to government for activities described within this sub-vote.

**TRANSFERS TO CROWN CORPORATIONS AND AGENCIES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Innovate BC | 6,361 | **6,361** |

---

**Voted Appropriation Description:** This sub-vote provides for transfers to Crown corporations and agencies including Innovate BC.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Minister's Office | 1440 | **1,440** |
| Corporate Services | 26,596 | **26,478** |
|  | 28,036 | **27,918** |

---

**Voted Appropriations Description:** This sub-vote provides for executive direction and related support services to the ministry, including the office of the Minister of Finance; the Parliamentary Secretary for Gender Equity and the Parliamentary Secretary for Rural Development; the deputy minister's office; Government House; the Gender Equity Office; and executive, strategic, and administrative support for the ministry, including financial, certain human resource activities, corporate planning, communications, information management and information technology, facility and other executive and corporate support services. Executive and support services are provided to the BC Public Service Agency, Government Communications and Public Engagement, Public Sector Employers' Council Secretariat, Crown Agencies Secretariat, Office of the Premier, and other entities. This sub-vote also provides for payment of authorized travel and other expenses and allowances for Members of the Executive Council, Parliamentary Secretaries, Members of the Legislative Assembly performing executive functions, personal attendants, and ministerial staff. Costs may be recovered from ministries, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 26 — MINISTRY OPERATIONS** | 384337 | **381,863** |

---

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 27 — GOVERNMENT COMMUNICATIONS AND PUBLIC ENGAGEMENT**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Government Communications.

**GOVERNMENT COMMUNICATIONS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Government Communications | 30,630 | **29,430** |

---

**Voted Appropriation Description:** This sub-vote provides for planning, coordination, and delivery of communications about public services to people in British Columbia including programs, policies, research, and services for ministries and certain public bodies. Transfers may be provided to ministries, Crown corporations, other levels of government, and private bodies for communications-related activities. Costs may be recovered from ministries, organizations within the government reporting entity, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 27 — GOVERNMENT COMMUNICATIONS AND PUBLIC ENGAGEMENT** | 30630 | **29,430** |

---

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

 *($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 28 — BC PUBLIC SERVICE AGENCY**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core business: BC Public Service Agency.

**BC PUBLIC SERVICE AGENCY**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Ministry HR Services | 35534 | **34261** |
| Human Resources Operations | 18198 | **18182** |
| Strategy, Policy and Partnerships | 11010 | **10831** |
| Communications, Learning and Engagement | 2125 | **2068** |
| Employee Relations | 5796 | **5791** |
| Corporate Services | 47030 | **44217** |
|  | 119693 | **115350** |

---

**Voted Appropriations Description:** This sub-vote provides for the BC Public Service Agency programs and operations, including a full range of human resource services to assist clients in meeting their business goals, including diversity and inclusion, compensation and classification, payroll, learning services, performance management, development, recognition and engagement programs, succession management, hiring, and other human resource related programs. This sub-vote also provides for a full range of labour relations and employment services, including negotiation and administration of collective agreements, severance, and labour relations advice and dispute resolution. This sub-vote also provides for the executive direction of the BC Public Service Agency, including management services for the Benefits and Other Employment Costs Vote, along with administrative support services, policy and program development, financial services, communications, corporate human resource application management, strategic planning, and information systems. Costs may be recovered from special accounts, ministries, Crown agencies, boards and commissions, and other parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 28 — BC PUBLIC SERVICE AGENCY** | 119693 | **115,350** |

---

**MINISTRY OF FINANCE**

**VOTE DESCRIPTIONS**

 *($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 29 — BENEFITS AND OTHER EMPLOYMENT COSTS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core business: Benefits and Other Employment Costs.

**BENEFITS AND OTHER EMPLOYMENT COSTS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Pension Contribution and Retirement Benefits | 511118 | **532090** |
| Employer Health Tax | 67826 | **67826** |
| Employee Health Benefits | 167783 | **175238** |
| Long Term Disability | 49099 | **36897** |
| Other Benefits | 9079 | **9079** |
| Benefits Administration | 11970 | **12271** |
| Recoveries | (816874) | **(833400)** |
|  | 1 | **1** |

---

**Voted Appropriations Description:** This sub-vote provides for services and payment of costs related to employment-related benefits, including pension, retirement, employer contributions to Canada Pension Plan and Employment Insurance, employee health benefits, workforce adjustment services and severance costs, and related policy, program development, and administration for these business lines. This sub-vote also provides for the payment of the Employer Health Tax. This sub-vote also provides for the delivery of Disability Management and Workplace Health and Safety Programs and the management of the Provincial Employees Community Services Fund. Costs may be recovered from special accounts, ministries, Crown agencies, boards and commissions, and other parties both internal and external to government for activities described within this sub-vote.

**VOTE 29 — BENEFITS AND OTHER EMPLOYMENT COSTS**<sub>1</sub>

**MINISTRY OF FINANCE**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: First Nations Equity Financing, Housing Priority Initiatives, Insurance and Risk Management Account, Long Term Disability Fund, and Provincial Home Acquisition Wind Up; and the *Land Tax Deferment Act*.

**FIRST NATIONS EQUITY FINANCING**

---

| | |
|:---|:---|
| **Statutory Appropriation** |  |
| First Nations Equity Financing special account | **—** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the First Nations Equity Financing special account which is governed under the *Special Accounts Appropriation and Control Act*.

**HOUSING PRIORITY INITIATIVES**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Housing Priority Initiatives special account | 878,154 | **480,843** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Housing Priority Initiatives special account which is governed under the *Special Accounts Appropriation and Control Act*.

**INSURANCE AND RISK MANAGEMENT ACCOUNT**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Insurance and Risk Management Account | 6,177 | **6,303** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Insurance and Risk Management Account which is governed under the *Financial Administration Act*.

**MINISTRY OF FINANCE**

**STATUTORY DESCRIPTIONS**

 *($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**LONG TERM DISABILITY FUND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Long Term Disability Fund special account | 76496 | **77176** |
| Less: Transfer from Ministry Operations Vote | (50430) | **(38228)** |
|  | 26066 | **38948** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Long Term Disability Fund special account which is governed under the *Public Service Benefit Plan Act*.

**PROVINCIAL HOME ACQUISITION WIND UP** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Provincial Home Acquisition Wind Up special account | 10 | **10** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Provincial Home Acquisition Wind Up special account which is governed under the *Special Accounts Appropriation and Control Act*.

**LAND TAX DEFERMENT ACT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| *Land Tax Deferment Act* | 92,000 | **92,000** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the expenses recognized as a result of the concessionary terms of agreements under the *Land Tax Deferment Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** |  |  |
| Salaries and Benefits | 1225532 | **1260306** |
| Operating Costs | 100213 | **97773** |
| Government Transfers | 1187687 | **790574** |
| Other Expenses | 211368 | **201571** |
| Internal Recoveries | (918112) | **(935453)** |
| External Recoveries | (269620) | **(270023)** |
| **TOTAL OPERATING EXPENSES** | 1537068 | **1144748** |

---

**MINISTRY OF FINANCE**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**FIRST NATIONS EQUITY FINANCING SPECIAL ACCOUNT**

This account is established as a special account under the *Special Accounts Appropriation and Control Act* effective April 1, 2024, for the purposes of supporting First Nations equity interest participation in priority new projects in British Columbia that are of interest to both First Nations and the Province. Such projects are intended to contribute to new provincial economic growth, new jobs and new revenues to First Nations, the Province and the business sector. Expenses include support for capacity building, project application and financing due diligence, grants to support required reductions in equity loans to be guaranteed by the Province, payments or provisions made in respect of defaulted equity loan guarantees or portions thereof, and administrative costs. Revenue and recoveries include transfers authorized by Treasury Board, due diligence and guarantee fees, and recovery and repayment of amounts in relation to grants and defaulted loan guarantees.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Receipts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 10000 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF FINANCE**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**HOUSING PRIORITY INITIATIVES SPECIAL ACCOUNT**

This account was established under the *Special Accounts Appropriation and Control Act* in 2016 for the purposes of supporting housing, rental, and shelter programs as set out under the Act. Expenses include acquisition, construction, maintenance, renovation, support payments, and administrative costs; revenue and recoveries include transfers, receipts, and interest allocated; receipts include repayment of loans issued and interest paid on those loans; and disbursements include loans issued, support payments, and payments in respect of loan guarantees.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR<sup>2</sup>** | 1401662 | **1401662** |
| &nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 878154 | 480843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense | (887654) | (490443) |
| &nbsp;&nbsp;&nbsp;&nbsp;Internal and External Recoveries | 9500 | 9600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 1401662 | **1401662** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF FINANCE**

**SPECIAL ACCOUNTS¹**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**INSURANCE AND RISK MANAGEMENT ACCOUNT**

This account was established by the *Financial Administration Amendment Act* in 1989 and was continued as a special account under the *Financial Administration Act*, for the purpose of providing insurance and/or risk management services to or for participants consisting of government bodies, ministries, public authorities, persons, and classes of persons or public authorities designated by regulation. This account is administered by the Ministry of Finance and also provides for the operation of the Risk Management Branch and Government Security Office which provides risk management; risk financing, including claims and litigation management; and security, advisory, and consulting services to the provincial public sector. Revenue and recoveries represent amounts paid into the account in respect of agreements or arrangements with or for participants, amounts required to be paid into it under regulations, amounts appropriated for the account by a *Supply Act*, and earnings of the account. Expenses represent the amounts payable from the account in respect of agreements or arrangements with or for participants and amounts payable from the account in accordance with regulations, including the cost of providing insurance and risk management services, and the operation of the account.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR<sup>2</sup>** | 732622 | **749768** |
| &nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 23273 | 23273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense | (56327) | (56453) |
| &nbsp;&nbsp;&nbsp;&nbsp;Internal and External Recoveries | 50150 | 50150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 17096 | **16970** |
| &nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> | 50 | **50** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 749768 | **766788** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**MINISTRY OF FINANCE**

**SPECIAL ACCOUNTS¹**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**LONG TERM DISABILITY FUND SPECIAL ACCOUNT**

This account was established under the *Public Service Benefit Plan Act* in 2017 for the purpose of continuing the operations of the Long Term Disability Plan. Revenues and recoveries include premiums paid into the special account by participating employers and interest amounts credited to the special account balance as prescribed by regulation. Expenses of the special account include benefit payments, expenses relating to changes in the actuarial estimate of plan liabilities, and plan administrative costs.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 961787 | **989483** |
| &nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 53762 | 57707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense | (89885) | (90014) |
| &nbsp;&nbsp;&nbsp;&nbsp;Internal and External Recoveries | 13389 | 12838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer from Ministry Operations Vote | 50430 | 38228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 27696 | **18759** |
| &nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receipts |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 989483 | **1008242** |

---

**NOTES** 

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF FINANCE**

**SPECIAL ACCOUNTS¹**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**PROVINCIAL HOME ACQUISITION WIND UP SPECIAL ACCOUNT**

This account was established under the *Special Accounts Appropriation and Control Act* effective April 1, 2004, for the purpose of providing for expenditures for the winding up of the loan and financial assistance programs under the *Home Conversion and Leasehold Loan Act*, the *Home Mortgage Assistance Program Act, the Home Purchase Assistance Act, the Homeowner Interest Assistance Act, and the Provincial Home Acquisition Act. The* latter Acts were repealed effective March 31, 2004. Revenue consists of interest on outstanding mortgage principal. Expenses include statutory rebates and other miscellaneous program costs. Receipts represent repayment of outstanding mortgage loan principal. Disbursements represent repurchased mortgage accounts and guarantee claims paid under the mortgage assistance programs.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 15469 | **15463** |
| &nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense | (10) | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (6) | **(6)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 15463 | **15457** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF FINANCE**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**REVENUE DIVISION**

INTERNATIONAL FUEL TAX AGREEMENT *(MOTOR FUEL TAX ACT)* — Disbursements are provided by the Province to other International Fuel Tax Agreement jurisdictions in respect of the receipts collected on their behalf. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 8000 | **8500** |
| Receipts | (17000) | **(18500)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | (9000) | **(10000)** |

---

*LAND TAX DEFERMENT ACT* — Disbursements are made to municipalities by the Province to pay for property taxes deferred under this Act by those property owners who qualify for the regular Tax Deferment Program (over 55 years of age and other qualified property owners) or who qualify for either the Financial Hardship Tax Deferment Program or the Families with Children Tax Deferment Program. The property owner or the estate is required to repay to the Province all deferred taxes, interest, and an administration fee on the termination of the agreement. Property owners qualifying under the Financial Hardship Tax Deferment Program are not required to pay an administration fee. Receipts represent repayments of outstanding principal (taxes deferred exclusive of interest). Interest and fee revenues are credited to the General Fund of the Consolidated Revenue Fund. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 475000 | **505000** |
| Receipts | (120000) | **(120000)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 355000 | **385000** |

---

*LOCAL GOVERNMENT ACT* — Disbursements are made to Improvement Districts by the Province to purchase capital assets and are charged interest and an administration fee. The minister may authorize that the amount required to be collected from property owners benefiting from the use of the assets, including interest and administration fees, be levied over a number of years and in the manner that the minister considers appropriate. Receipts represent repayments of outstanding principal recovered by rural property tax levy. Interest and fee revenues recovered by the levy are credited to the General Fund of the Consolidated Revenue Fund. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 2000 |
| Receipts | (2000) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  |

---

RECONSTRUCTION LOAN PORTFOLIO — Disbursements are made to individuals, including strata property owners, who qualify for loans under the reconstruction loan program as set out in the *Homeowner Protection Act*. Receipts represent principal repayments on outstanding loans. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements |  | **—** |
| Receipts | (1000) | **(1500)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | (1000) | **(1500)** |

---

STUDENTAID BC LOAN PROGRAM — Disbursements, in the form of student loans made to individuals who are eligible, lead to expenditures associated with loans under the StudentAid BC Loan Program. Receipts represent principal repayments on outstanding student loans. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 422430 | **432300** |
| Receipts | (120000) | **(120000)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 302430 | **312300** |

---

**MINISTRY OF FINANCE**

**REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**REVENUE DIVISION**

BC TRANSIT — Disbursements are provided by the Province to British Columbia Transit (BCT) in respect of the *British Columbia Transit Act* fuel tax (receipts) collected on BCT's behalf. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 18000 |
| Receipts | (18000) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  |

---

BC TRANSPORTATION FINANCING AUTHORITY — Disbursements are provided by the Province to the BC Transportation Financing Authority (BCTFA) in respect of the fuel tax (receipts) and the provincial sales tax (receipts) on short-term rentals of passenger vehicles collected on BCTFA's behalf under the *Transportation Act*. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 449500 | **468500** |
| Receipts | (449500) | **(468500)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

COWICHAN TRIBES — Disbursements are provided by the Province to the Cowichan Tribes based upon an estimate of the annual band tobacco tax collected as per a formula set out in the Consolidated Cowichan Tribes Tobacco Tax Collection Agreement. A commission is deducted to compensate the Province for administrative costs. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 4116 | **5027** |
| Receipts | (4116) | **(5027)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

MUNICIPALITIES OR ELIGIBLE ENTITIES — Disbursements are provided by the Province to municipalities, regional districts, or eligible entities in respect of municipal and regional district tax (receipts) collected on their behalf under the *Provincial Sales Tax Act*. Interest and fee revenue is deposited to the General Fund of the Consolidated Revenue Fund. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 178000 | **188000** |
| Receipts | (178000) | **(188000)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

RURAL AREAS — Disbursements are provided by the Province to local governments and entities in rural areas in respect of local property taxes and levies (receipts) collected on their behalf under the *Taxation (Rural Area) Act*. Interest and fee revenue is deposited to the General Fund of the Consolidated Revenue Fund. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 600000 |
| Receipts | (600000) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  |

---

SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY — Disbursements are provided by the Province to the South Coast British Columbia Transportation Authority (SCBCTA) in respect of the fuel tax (receipts) collected on SCBCTA's behalf under the *South Coast British Columbia Transportation Authority Act*. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 386000 | **409000** |
| Receipts | (386000) | **(409000)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

**This page intentionally left blank.**

**MINISTRY OF FORESTS**

The mission of the Ministry of Forests is to transform the forest sector; manage forests, range, and archaeology; and lead wildfire response and mitigation to ensure a resilient and sustainable land base for British Columbians.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Vote 30 — Ministry Operations | 420050 | **406398** |
| &nbsp;&nbsp;&nbsp;&nbsp;Vote 31 — Fire Management | 238047 | **235702** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Timber Sales Account Special Account | 240147 | **267506** |
| &nbsp;&nbsp;&nbsp;&nbsp;Forest Stand Management Fund Special Account |  | **—** |
| **OPERATING EXPENSES** | 898244 | **909606** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 118508 | **93895** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 91419 | **88748** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES** 

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF FORESTS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External<br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Provincial Operations | 115822 | **113734** | **(81)** | **113653** |
| Office of the Chief Forester | 48806 | **49808** | **(2375)** | **47433** |
| Tenures and Economics | 21205 | **17239** | **(756)** | **16483** |
| Fire Preparedness | 49290 | **47328** | **(37)** | **47291** |
| Regional Operations | 101032 | **104064** | **(5213)** | **98851** |
| Transfers to Crown Corporations and Agencies | 40366 | **39736** | **—** | **39736** |
| Executive and Support Services | 43529 | **43381** | **(430)** | **42951** |
| Fire Management | 238047 | **252893** | **(17191)** | **235702** |
| BC Timber Sales Account Special Account | 240147 | **267508** | **(2)** | **267506** |
| Forest Stand Management Fund Special Account |  | **1024** | **(1024)** | **—** |
| &nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 898244 | **936715** | **(27109)** | **909606** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital<br> Expenditures** | **Receipts and<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 54903 | **39178** |  | **39178** |
| Fire Management | 14762 | **11001** |  | **11001** |
| BC Timber Sales Account Special Account | 48843 | **43716** |  | **43716** |
| &nbsp;&nbsp;&nbsp;**TOTAL** | 118508 | **93895** |  | **93895** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| Core Business |  |  |  |  |
| BC Timber Sales Account Special Account | 91419 | **88748** |  | **88748** |
| &nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 91419 | **88748** |  | **88748** |

---

**MINISTRY OF FORESTS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 30 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Provincial Operations; Office of the Chief Forester; Tenures and Economics; Fire Preparedness; Regional Operations; Transfers to Crown Corporations and Agencies; and Executive and Support Services.

**PROVINCIAL OPERATIONS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Provincial Operations | 115,822 | **113,653** |

---

**Voted Appropriation Description:** This sub-vote provides for stewardship and management activities related to the sustainable management of forests and rangeland, including legislation, policies, compliance and enforcement of laws relating to natural resource use, forest management and planning activities and related initiatives. This sub-vote also provides for activities relating to archaeological permitting, archaeological site registry, and archaeological resource management; the construction and maintenance of forest service roads and bridges and associated infrastructure; engineering; resource road policy and legislation; engaging and collaborating with First Nations and supporting reconciliation initiatives; integrated investment planning; and reforestation and fertilization. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**OFFICE OF THE CHIEF FORESTER**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Office of the Chief Forester | 48,806 | **47,433** |

---

**Voted Appropriation Description:** This sub-vote provides for forest management activities, including timber supply planning and allowable annual cut determinations; tree improvement; land-based research; land-based investment; growth and yield modeling; forest genetics; forest inventory and analysis; climate change adaptation and mitigation; forest carbon initiatives; silviculture policy, planning, and practices; forest health monitoring and treatments; forest and range evaluation; forest health, harvest performance monitoring and reporting; and forest management legislation, regulation and policy. Costs may be recovered from tree seed sales. Costs may also be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**TENURES AND ECONOMICS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Tenures and Economics | 21,205 | **16,483** |

---

**Voted Appropriation Description:** This sub-vote provides for pricing activities, including establishing policies and administering the province's timber measurement, pricing, revenue forecasting and billing systems; *Forest Act* related compensation; log export policy; forest sector economic analysis, investor support, and forestry intelligence; and management of British Columbia's participation in Softwood Lumber trade litigation and negotiations. This sub-vote also provides for timber tenure policy, administration, and analysis; bio-economy; and innovation and Indigenous opportunities. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**FIRE PREPAREDNESS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Fire Preparedness | 49,290 | **47,291** |

---

**Voted Appropriation Description:** This sub-vote provides for fire preparedness activities, including fire prevention, fire operations, strategic initiatives, corporate wildfire services, wildfire risks, enforcement and support for wildfire-related litigation, research and innovation, partnerships and strategic engagement, operational and information technology support tools, organizational development, and resource worker safety. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**MINISTRY OF FORESTS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**REGIONAL OPERATIONS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Regional Operations | 101,032 | **98,851** |

---

**Voted Appropriation Description:** This sub-vote provides for licensing, permitting, administration, monitoring, reporting, stewardship management, research, treatment, protection, and other operational activities in relation to forests, invasive species, rangeland, ecosystem restoration, and traceability and eco-certification. This sub-vote also provides for activities related to rangeland and invasive plant management, including legislation, policies, practices, and planning, forest service road and bridge engineering, timber pricing, forest and range tenure administration, consultation and reconciliation with First Nations, land use initiatives, and for the operation of regional offices that provide client assistance with access to natural resource organizations. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**TRANSFERS TO CROWN CORPORATIONS AND AGENCIES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Forestry Innovation Investment Ltd. | 20366 | **20,366** |
| Forest Enhancement Society of BC | 20,000 | **19,370** |
|  | 40,366 | **39,736** |

---

**Voted Appropriations Description:** This sub-vote provides for transfers to Crown corporations and agencies including Forestry Innovation Investment Ltd. and Forest Enhancement Society of BC.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 975 | **975** |
| Corporate Services | 42,554 | **41,976** |
|  | 43,529 | **42,951** |

---

**Voted Appropriations Description:** This sub-vote provides for executive direction and related support services to the ministry, including the office of the Minister of Forests; the deputy minister's office; corporate governance and service delivery for certain human resource activities, asset and infrastructure, finance, information management and information technology, executive and executive support, corporate and strategic policy legislation and initiatives; intergovernmental relations; legal and litigation support services; and revenue collection. Costs may be recovered from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 30 — MINISTRY OPERATIONS** | 420050 | **406,398** |

---

**MINISTRY OF FORESTS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 31 — FIRE MANAGEMENT**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Fire Management.

**FIRE MANAGEMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Fire Management | 238,047 | **235,702** |

---

**Voted Appropriation Description:** This sub-vote provides for authorized expenditures under the *Wildfire Act*, including direct fire control, abatement of public safety risks as a result of fire control, abatement of public safety risks on Crown land as a result of fire, rehabilitation of land damaged by fire control, rehabilitation of Crown land damaged by fire, abatement of fire hazard risks on Crown land, compensation to the owner of private land and any tenant of private land for damage caused to the private land by the government in carrying out the fire control, and fire prevention and fire preparedness. Costs may be recovered from special accounts, ministries, Crown corporations, other governments, agencies, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 31 — FIRE MANAGEMENT** | 238047 | **235,702** |

---

**MINISTRY OF FORESTS**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: BC Timber Sales Account and Forest Stand Management Fund.

**BC TIMBER SALES ACCOUNT**

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| BC Timber Sales Account | 240,147 | **267,506** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the BC Timber Sales Account which is governed under the *Forest Act*.

**FOREST STAND MANAGEMENT FUND**

---

| | |
|:---|:---|
| **Statutory Appropriation** |  |
| Forest Stand Management Fund | **—** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Forest Stand Management Fund which is governed under the *Special Accounts Appropriation and Control Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** |  |  |
| Salaries and Benefits | 358826 | **361164** |
| Operating Costs | 396023 | **400185** |
| Government Transfers | 73787 | **63995** |
| Other Expenses | 145173 | **159827** |
| Internal Recoveries | (48456) | **(48456)** |
| External Recoveries | (27109) | **(27109)** |
| **TOTAL OPERATING EXPENSES** | 898244 | **909606** |

---

**MINISTRY OF FORESTS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**BC TIMBER SALES ACCOUNT**

This account was originally established in 1988 as the Small Business Forest Enterprise Account and became the BC Timber Sales Account in 2003 through an amendment to section 109 of the *Forest Act*. The purpose of the account is to identify all revenues for BC Timber Sales and to provide an ongoing source of funds to defray the costs of the program. Revenue is collected from the following sources: upset stumpage; bonus stumpage; waste billings; annual fees and billings (annual rent, trespass charges, extension fees, forfeited deposits, and scaling fees), and the proceeds from the sale of hard or soft assets incidental to the operation of the program; and sales of logs. Expenditures are for preparing forest development plans and logging plans; assessments required to formulate these plans for timber sales licences; costs of meeting requirements of applicable legislation; construction and maintenance of logging roads, bridges, and log dumps; costs of developing timber sales for auction; protection of forests; administration; costs of selling timber and logs; the costs associated with BC Timber Sales disposition agreements entered into under the *Forest Act*; and other forest management requirements incidental to the program, including certification and safety initiatives. Costs of supplies and services may be recovered from ministries, other levels of government, agencies, organizations, and individuals. Revenue in excess of current expenditures and outstanding obligations may be transferred to the General Fund as directed by Treasury Board. Disbursements reflect capitalized costs incurred for development of timber for sale in future years. These costs are recovered from future sales revenue.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 864849 | **860357** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 252057 | 275589 |
| &nbsp;&nbsp;&nbsp;Expense | (270030) | (297389) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 29883 | 29883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 11910 | **8083** |
| &nbsp;&nbsp;&nbsp;Difference Between 2025/26 Estimates and Projected Actual Net Revenue (Expense) | (11861) |  |
| &nbsp;&nbsp;&nbsp;Transfer from (to) the General Fund |  | **(60000)** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements | (91419) | (88748) |
| &nbsp;&nbsp;&nbsp;Capital Expenditures | (48843) | (43716) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) | (140262) | **(132464)** |
| &nbsp;&nbsp;&nbsp;Difference Between 2025/26 Estimates and Projected Actual Net Cash Source (Requirement) | 15873 | **—** |
| &nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> | 119848 | **147761** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 860357 | **823737** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**MINISTRY OF FORESTS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**FOREST STAND MANAGEMENT FUND** 

This account was originally established as a fund by the *Forest Stand Management Fund Act* in 1986 and was changed to a special account under the *Special Accounts Appropriation and Control Act* in 1988. Expenses provide for enhanced management of British Columbia's forest and rangelands, silviculture work, and costs related to environmental remediation performed in accordance with applicable legislation, the costs of investigating contraventions of applicable legislation, fire suppression costs related to contraventions of applicable legislation where a penalty has been levied in respect of the contravention, reforestation, and road deactivation in areas subject to stumpage levies and costs related to the sustainable development, and promotion of safe and responsible use of provincial off-road vehicle trail networks. Recoveries include funds collected in accordance with applicable legislation, penalties levied in accordance with application legislation, stumpage levies, and registration fees for off-road vehicles. Costs may be recovered or spent from special accounts, ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this account.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 17236 |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Revenue |  |
| &nbsp;&nbsp;&nbsp;Expense | (1024) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 1024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 17236 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF HEALTH**

The mission of the Ministry of Health is to guide and enhance the province's health services to ensure British Columbians are supported in their efforts to maintain and improve their health.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 32 — Ministry Operations | 34869402 | **35968875** |
| **STATUTORY APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Health Special Account | 147250 | **147250** |
| **OPERATING EXPENSES** | 35016652 | **36116125** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 30 | **30** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF HEALTH**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Health Programs | 34762544 | **37400617** | **(1541571)** | **35859046** |
| Recoveries from Health Special Account | (147250) | **(147250)** | **—** | **(147250)** |
| Executive and Support Services | 254108 | **268234** | **(11155)** | **257079** |
| Health Special Account | 147250 | **147250** | **—** | **147250** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 35016652 | **37668851** | **(1552726)** | **36116125** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital** **<br> Expenditures** | **Receipts and** **<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 30 | **30** |  | **30** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 30 | **30** |  | **30** |

---

**MINISTRY OF HEALTH**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 32 — MINISTRY OPERATIONS** 

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Health Programs, Recoveries from Health Special Account, and Executive and Support Services.

**HEALTH PROGRAMS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Regional Services | 24782281 | **25,287,349** |
| Medical Services Plan | 8128050 | **8,909,982** |
| PharmaCare | 1787903 | **1,597,405** |
| Health Benefits Operations | 64,310 | **64,310** |
|  | 34,762,544 | **35,859,046** |

---

**Voted Appropriations Description:** This sub-vote provides for the administration, operation, and delivery of health programs, and other matters related to health. Regional Services provides funding for the management and delivery of health programs and services, including mental health and addictions services, public and preventive health services, acute care services, emergency medical services, provincial programs, home and community care services, multidisciplinary comprehensive self-care and health services information to British Columbians and health care providers, and other health services. Medical Services Plan provides funding for services provided by medical practitioners, health care practitioners, diagnostic facilities and laboratory facilities, as well as human resource and planning initiatives with respect to physicians and other providers of health care. PharmaCare provides funding to individuals, agencies, or other organizations for the full or partial cost of designated prescription drugs, dispensing fees, and other approved items and services that complement PharmaCare programs. Health Benefits Operations provides funding for the administration of the Medical Services Plan and PharmaCare programs, including enrolment. Costs may be recovered from ministries, health authorities, other levels of government, organizations, and individuals for activities described within this sub-vote.

**RECOVERIES FROM HEALTH SPECIAL ACCOUNT** 

---

| | |
|:---|:---|
| **Voted Appropriation** | |
| Recoveries from Health Special Account | (147250) |

---

**Voted Appropriation Description:** This sub-vote provides for recoveries from the Health Special Account.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Minister's Office | 1271 | **1,271** |
| Stewardship and Corporate Services | 252,837 | **255,808** |
|  | 254,108 | **257,079** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Health, the Parliamentary Secretary for Rural Health, the Parliamentary Secretary for Seniors' Services and Long-Term Care, the Parliamentary Secretary for Primary Care Access, and the Parliamentary Secretary for Mental Health and Addictions. This sub-vote also provides for stewardship and corporate services functions, including direction to health authorities and other health providers; support to partners in delivering health care services; monitoring of health authority compliance and performance; central financial and operational management services of the ministry; general services to support program delivery; development of the policy and legislative framework for the health care system; development of long-term health plans; monitoring and regulation of professional associations; public health reports on population health through the Provincial Health Officer; and monitoring and reporting on a range of services for seniors related to health care, personal care, housing, transportation, and income support through the Office of the Seniors Advocate. Costs may be recovered from ministries, health authorities, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 32 — MINISTRY OPERATIONS** | 34869402 | **35,968,875** |

---

**MINISTRY OF HEALTH**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special account: Health Special Account.

**HEALTH SPECIAL ACCOUNT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Health Special Account | 147,250 | **147,250** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Health Special Account which is governed under the *Health Special Account Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 197115 | **200710** |
| Operating Costs | 145873 | **145224** |
| Government Transfers | 35972706 | **37342451** |
| Other Expenses | 155166 | **155166** |
| Internal Recoveries | (174700) | **(174700)** |
| External Recoveries | (1279508) | **(1552726)** |
| **TOTAL OPERATING EXPENSES** | 35016652 | **36116125** |

---

**MINISTRY OF HEALTH**

**SPECIAL ACCOUNTS<sup>1</sup>** 

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**HEALTH SPECIAL ACCOUNT**

This account was established by the *Health Special Account Act* in 1992. Administered by the Ministry of Health, the account provides for the allocation of a portion of British Columbia Lottery Corporation revenues to fund the administration, operation, and delivery of health care; health research; health promotion; and health education services. Expenses of the special account represent transfers to the Ministry Operations Vote.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** |  | **—** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 147250 | 147250 |
| &nbsp;&nbsp;&nbsp;Expense | (147250) | (147250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**This page intentionally left blank.**

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

The mission of the Ministry of Housing and Municipal Affairs is to provide access to more affordable, safe and appropriate housing through housing and land use policy and programs, oversight of British Columbia Housing Management Commission, development of technical codes and standards, provision of services for landlords and tenants, and coordinated services and programs to prevent and reduce homelessness; and to provide British Columbians with liveable environments by helping local governments and residents build sustainable, well-governed communities.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 33 — Ministry Operations | 1506695 | **1683425** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Housing Endowment Fund Special Account | 12884 | **12884** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;University Endowment Lands Administration Account Special Account | 15112 | **16517** |
| **OPERATING EXPENSES** | 1534691 | **1712826** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 1816 | **6120** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Building, Governance and Innovation | 6675 | **6404** | **(2)** | **6402** |
| Housing and Homelessness Programs | 22894 | **28456** | **(6228)** | **22228** |
| Housing and Land Use Policy | 15054 | **10243** | **(2)** | **10241** |
| Local Government | 224359 | **408789** | **(193737)** | **215052** |
| Transfers to Crown Corporations and Agencies | 1224953 | **1417693** | **—** | **1417693** |
| Executive and Support Services | 12760 | **11814** | **(5)** | **11809** |
| Housing Endowment Fund Special Account | 12884 | **12884** | **—** | **12884** |
| University Endowment Lands Administration Account Special Account | 15112 | **16517** | **—** | **16517** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 1534691 | **1912800** | **(199974)** | **1712826** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** |  | **3** |
| University Endowment Lands Administration Account Special Account | 1813 | **6117** |  | **6117** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 1816 | **6120** |  | **6120** |

---

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

 **VOTE 33 — MINISTRY OPERATIONS** 

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Building, Governance and Innovation; Housing and Homelessness Programs; Housing and Land Use Policy; Local Government; Transfers to Crown Corporations and Agencies; and Executive and Support Services.

**BUILDING, GOVERNANCE AND INNOVATION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | **Voted Appropriation** | **Voted Appropriation** |
| Building, Governance and Innovation | 6,675 | **6,402** |

---

**Voted Appropriation Description:** This sub-vote provides for strategic oversight, governance, and accountability for the BC Housing Management Commission to develop, implement, and/or monitor initiatives from project planning to delivery. This sub-vote also provides for the promotion of innovation in development and construction, new housing development through intergovernmental relations, and fostering development partnerships; building and safety technical analysis; and advice respecting the regulatory framework for the built environment. This sub-vote also provides for the administration of the *Homeowner Protection Act*, the *Safety Standards Act*, the *Safety Authority Act*, the *Ministry of Lands, Parks and Housing Act*, the *Building Officials' Association Act*, the British Columbia Fire Code under the *Fire Services Act*, the *Building Act*, and concurrent authority for buildings and other structures under the *Community Charter*. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**HOUSING AND HOMELESSNESS PROGRAMS**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | **Voted Appropriations** | **Voted Appropriations** |
| Residential Tenancy | 15834 | 15619 |
| Short-Term Rental Branch |  | 1 |
| Housing and Homelessness | 7,060 | 6,608 |
|  | 22,894 | **22,228** |

---

**Voted Appropriations Description:** This sub-vote provides for homelessness, supportive housing, rent supplement policy development and program delivery, and residential tenancy branch operations and policy development, including dispute resolution and enforcement associated to landlord and tenant disputes. This sub-vote also provides for the administration of the *Residential Tenancy Act*, the *Manufactured Home Park Tenancy Act*, the *Assistance to Shelter Act*, the *Commercial Tenancy Act*, the *Rent Distress Act*, and the *Short-Term Rental Accommodations Act*. Transfers are also made to ministries, organizations, agencies, and individuals for services described within this sub-vote. Costs may be recovered from revenues paid into the General Fund of the Consolidated Revenue Fund from fees for Short-Term Rental registration applications. Costs may also be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**HOUSING AND LAND USE POLICY**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | **Voted Appropriation** | **Voted Appropriation** |
| Housing and Land Use Policy | 15,054 | **10,241** |

---

**Voted Appropriation Description:** This sub-vote provides for housing and land use development and program delivery. This scope includes policy development and administering the housing targets program. This sub-vote also provides for the administration of the *Ministry of Lands, Parks and Housing Act*, the *Housing Supply Act*, and the *Strata Property Act*. This sub-vote also has shared responsibility for the *Local Government Act* and the *Vancouver Charter* which may involve collaboration with other ministries, agencies, and local governments. Transfers are made to ministries, organizations, agencies, and individuals for services described within this sub-vote. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates<br> 2025/26 | **Estimates<br> 2026/27** |

---

**LOCAL GOVERNMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Local Government Services and Transfers | 218159 | **208,852** |
| University Endowment Lands | 6,200 | **6,200** |
|  | 224,359 | **215,052** |

---

**Voted Appropriations Description:** This sub-vote provides for the administration of core local government legislation, including the *Community Charter*, the *Local Government Act*, and the *Local Government Grants Act*; financial and other support to local governments and related organizations; development and administration of policy, legislation, and regulations; and the management and delivery of cross-government initiatives. These activities may involve consultation with other ministries; agencies; governments, including local governments; First Nations; and external stakeholders. This sub-vote also provides for the operation of the University Endowment Lands, and for funding to support the public library system. Costs may be recovered from special accounts, ministries, organizations within the government reporting entity, other organizations, and local and federal governments for activities described within this sub-vote.

**TRANSFERS TO CROWN CORPORATIONS AND AGENCIES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| British Columbia Housing Management Commission | 1,224,953 | **1,417,693** |

---

**Voted Appropriation Description:** This sub-vote provides for transfers to Crown corporations and agencies including British Columbia Housing Management Commission.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Minister's Office | 1357 | **1,357** |
| Corporate Services | 11,403 | **10,452** |
|  | 12,760 | **11,809** |

---

**Voted Appropriations Description:** This sub-vote provides for executive direction and related support services of the ministry, including the office of the Minister for Housing and Municipal Affairs; the Parliamentary Secretary for Downtown Eastside and Chinatown; the deputy minister's office; and executive, strategic, and administrative support for the ministry, including financial, corporate planning, communications, facility and other executive and corporate support services. This sub-vote also provides for other initiatives sponsored by the ministry. Costs may be recovered from ministries, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 33 — MINISTRY OPERATIONS** | 1506695 | **1,683,425** |

---

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS** 

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: Housing Endowment Fund and University Endowment Lands Administration Account.

**HOUSING ENDOWMENT FUND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Housing Endowment Fund special account | 12,884 | **12,884** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Housing Endowment Fund special account which is governed under the *Special Accounts Appropriation and Control Act*.

**UNIVERSITY ENDOWMENT LANDS ADMINISTRATION ACCOUNT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| University Endowment Lands Administration Account | 15,112 | **16,517** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the University Endowment Lands Administration Account which is governed under the *University Endowment Land Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 59292 | **60449** |
| Operating Costs | 20776 | **23274** |
| Government Transfers | 1653648 | **1828858** |
| Other Expenses | 15309 | **16744** |
| Internal Recoveries | (15120) | **(16525)** |
| External Recoveries | (199214) | **(199974)** |
| **TOTAL OPERATING EXPENSES** | 1534691 | **1712826** |

---

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**HOUSING ENDOWMENT FUND SPECIAL ACCOUNT** 

This account was established as a special account under the *Special Accounts Appropriation and Control Act* in 2007. The account exists for purposes relating to innovation in affordable, social, or supportive housing and in housing development and management. The account operates as an endowment fund with a restricted balance of $250 million which is not permitted to be spent. Net earnings of the account are credited to the account as revenue. Expenses of the account consist of grants in support of authorized housing initiatives.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 94483 |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Revenue | 12884 |
| &nbsp;&nbsp;&nbsp;Expense | (12884) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 94483 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**UNIVERSITY ENDOWMENT LANDS ADMINISTRATION ACCOUNT** 

This account was established as a Miscellaneous Statutory Account by authority of the *University Endowment Lands Administration Act* and was continued under the *University Endowment Land Act* in 1979. This account provides for services to residents of the University Endowment Lands. Revenue is derived from University Endowment Lands resident ratepayer contributions, including fees, licences, and property taxes. Other revenue sources (net of direct costs) include land sales, rent from land tenures, fees, and the recovery of costs associated with a redevelopment/rezoning process. Expenses include the ratepayer's portion of costs transferred from the Ministry Operations Vote for services provided.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 20721 | **19314** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 15112 | 16517 |
| &nbsp;&nbsp;&nbsp;Expense | (15112) | (16517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures | (1813) | (6117) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) | (1813) | **(6117)** |
| &nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> | 406 | **449** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 19314 | **13646** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**This page intentionally left blank.**

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

The mission of the Ministry of Indigenous Relations and Reconciliation is to guide the Province of British Columbia's efforts towards true, lasting reconciliation with Indigenous Peoples in British Columbia. The ministry works towards reconciliation with First Nations, Métis, and Inuit peoples through treaties, agreements, partnerships, and other social and economic initiatives, and through the implementation of the *Declaration on the Rights of Indigenous Peoples Act*.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 34 — Ministry Operations | 74235 | **70806** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 35 — Treaty and Other Agreements Funding | 105204 | **105072** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 36 — Declaration Act Secretariat | 4547 | **4147** |
| **STATUTORY APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Citizens Fund Special Account | 2046 | **2209** |
| **OPERATING EXPENSES** | 186032 | **182234** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 30000 | **50000** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Government to Government and Community Relations Division | 18160 | **16989** | **(2)** | **16987** |
| Policy, Intergovernmental Relations and Legislation Division | 14805 | **13889** | **(2)** | **13887** |
| Programs and Partnerships Division | 29229 | **28174** | **(2)** | **28172** |
| Executive and Support Services | 12041 | **11762** | **(2)** | **11760** |
| Treaty and Other Agreements Funding | 105204 | **238320** | **(133248)** | **105072** |
| Declaration Act Secretariat | 4547 | **4149** | **(2)** | **4147** |
| First Citizens Fund Special Account | 2046 | **2209** | **—** | **2209** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 186032 | **315492** | **(133258)** | **182234** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** |  | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** |  | **3** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Treaty and Other Agreements Funding | 30000 | **50000** |  | **50000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 30000 | **50000** |  | **50000** |

---

---

| | | | |
|:---|:---|:---|:---|
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, <br> OTHER ENTITIES** | Net | **Disbursements** | **Receipts** |
| **Core Business** |  |  |  |
| Treaty and Other Agreements Funding |  | **97000** | **(97000)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** |  | **97000** | **(97000)** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 34 — MINISTRY OPERATIONS** 

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Government to Government and Community Relations Division; Policy, Intergovernmental Relations and Legislation Division; Programs and Partnerships Division; and Executive and Support Services.

**GOVERNMENT TO GOVERNMENT AND COMMUNITY RELATIONS DIVISION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | **Voted Appropriation** | **Voted Appropriation** |
| Government to Government and Community Relations Division | 18,160 | **16,987** |

---

**Voted Appropriation Description:** This sub-vote provides for the leadership of government's role in building new, lasting, and transformative relationships with Indigenous Peoples through the negotiation and implementation of treaties, incremental treaty agreements, comprehensive reconciliation agreements, revenue-sharing agreements, and other agreements with First Nations, Indigenous Peoples and organizations, and the federal government. In addition, this sub-vote supports negotiation policy development, including emerging policy directives that strive to achieve rights, recognition, and reconciliation outcomes. This sub-vote also provides for cross-government coordination of engagements with First Nations and Indigenous Peoples, including development of government-to-government resource management protocols, cross-government coordination of First Nations and Indigenous Peoples consultation and accommodation, and treaty implementation and treaty-related measures. This sub-vote also provides for ongoing engagement with local governments and regional districts regarding negotiations, agreement implementation, and relationship building priorities with Indigenous communities in regions across the province. This sub-vote also provides for the operation of Victoria-based and regional offices that execute negotiations, agreement implementation, operations, and relationship management approaches. Regional offices support agencies across government at the regional level to coordinate engagements with First Nations and Indigenous Peoples, including providing day-to-day advice on relationships with First Nations and Indigenous Peoples, negotiation mandate development, negotiation leadership and support, and implementation to ensure that provincial government obligations are met. Costs may be recovered from ministries, other entities within government, and parties external to government for activities described within this sub-vote.

**POLICY, INTERGOVERNMENTAL RELATIONS AND LEGISLATION DIVISION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | **Voted Appropriation** | **Voted Appropriation** |
| Policy, Intergovernmental Relations and Legislation Division | 14,805 | **13,887** |

---

**Voted Appropriation Description:** This sub-vote provides for the support and enhancement of the government's approach to reconciliation with First Nations and Indigenous Peoples through negotiations both inside and outside the treaty process considered strategically important to furthering the socio-cultural and socio-economic priorities of government. This sub-vote also provides for leadership of government's negotiations with the federal government to cost-share treaties, incremental treaty agreements, comprehensive reconciliation agreements, and other arrangements. This sub-vote also supports community support and emergency management; provides for activities supporting the closing and bringing into effect of agreements with First Nations, such as the development of legislation and the closing and implementation of agreements under the British Columbia Treaty Commission process; supports other agencies across government to implement treaties and other agreements and ensure provincial obligations within treaties and other agreements are addressed; and facilitates engagement and negotiation among First Nations, Indigenous communities and organizations, provincial ministries, and key stakeholders with the aim of accommodating First Nation and Indigenous interests and promoting collaboration and coordination on Indigenous issues across sectors and orders of government. This sub-vote also provides for leadership in fiscal policy development, tripartite fiscal negotiations (including revenue-sharing agreements with First Nations), and development of financial and specific mandates for treaty negotiations. This sub-vote also provides support for strategic and operational management of funding to support reconciliation initiatives and negotiations, including the First Citizens Fund, the Long-Term BC First Nations Gaming Revenue Sharing and Financial Agreement, and related transfers. This sub-vote also provides support for the policy development of a new fiscal framework and resource revenue-sharing with Indigenous Peoples in British Columbia. Costs may be recovered from ministries, other entities within government, and parties external to government for activities described within this sub-vote.

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**PROGRAMS AND PARTNERSHIPS DIVISION**

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | **Voted Appropriation** | **Voted Appropriation** |
| Programs and Partnerships Division | 29,229 | **28,172** |

---

**Voted Appropriation Description:** This sub-vote supports partnerships with Indigenous organizations, relationship building, cultural and language initiatives, community development and innovation, and support to Indigenous leadership and advisory bodies. This sub-vote also provides for initiatives to address the socio-economic gaps between Indigenous Peoples and other British Columbians, including the identification of opportunities, removal of barriers, cross-ministry coordination of resources and services provided to Indigenous Peoples, and support for data development and reporting out on progress. This sub-vote provides for work across government to guide the adoption of the United Nations Declaration on the Rights of Indigenous Peoples (UN Declaration), and the Truth and Reconciliation Commission of Canada: Calls to Action, and to support the implementation of the Tsilhqot'in Supreme Court Decision and learnings from other relevant case law. This sub-vote provides for the identification and pursuit of key cross-government linkages to support alignment, collaboration and implementation of the *Declaration on the Rights of Indigenous Peoples Act*, including the development of strategic policy tools and resources for the public service. This sub-vote also provides for the implementation of the *Declaration on the Rights of Indigenous Peoples Act*, and provides for the engagement processes towards, and the development of, the government's reconciliation vision and leadership of the necessary transformation associated with this vision. This sub-vote also provides for collaboration with the federal government and Indigenous governments and organizations; and working with internal and external partners and stakeholders to identify and help drive economic growth and opportunities for Indigenous peoples, including support for urban Indigenous peoples. This sub-vote provides for strategic advice and coordination to help drive economic growth and opportunities in Indigenous communities that support meaningful advancement of self-determination outcomes. This sub-vote provides for development, cross-ministry coordination, implementation, and monitoring of Indigenous, external stakeholder, and intergovernmental engagement. Costs may be recovered from ministries, other entities within government, and parties external to government for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES**

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | **Voted Appropriations** | **Voted Appropriations** |
| Minister's Office | 834 | **834** |
| Corporate Services | 11,207 | **10,926** |
|  | 12,041 | **11,760** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Indigenous Relations and Reconciliation; executive support, including the deputy minister's office; delivering planning and support focused on reconciliation and major government initiatives and corporate administration. This sub-vote also funds the ministry's strategic, corporate service planning efforts, including internal communications; correspondence; records management and information and privacy; and business plans and performance monitoring, measurement, and reporting. This sub-vote also provides for executive direction to the ministry; finance, administrative, certain human resource activities, and information management services and systems; and information and privacy. Costs may be recovered from ministries, other entities within government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 34 — MINISTRY OPERATIONS** | 74235 | **70,806** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 35 — TREATY AND OTHER AGREEMENTS FUNDING** 

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core business: Treaty and Other Agreements Funding.

**TREATY AND OTHER AGREEMENTS FUNDING** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Treaty and Other Agreements Funding | 10608 | **10,567** |
| Non Treaty Funding | 94,596 | **94,505** |
|  | 105,204 | **105,072** |

---

**Voted Appropriations Description:** This sub-vote provides for transfers and costs to First Nations, Indigenous Peoples and organizations, and third parties as a result of the settlement of treaties, incremental treaty agreements, economic benefit agreements, forest consultation and revenue-sharing agreements, and other agreements, including as a result of the federal/provincial agreement as specified under the *Fort Nelson Indian Reserve Minerals Revenue Sharing Act*. This sub-vote also provides for costs associated with acquisition, administration, and disposal of land and other assets as a result of the settlement of treaties, incremental treaties, and other agreements. Costs may be recovered from revenue received from stumpage, petroleum, natural gas, and minerals extraction or other sources. Costs may also be recovered from ministries, other entities within government, and parties external to government for transfers described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 35 — TREATY AND OTHER AGREEMENTS FUNDING** | 105204 | **105,072** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 36 — DECLARATION ACT SECRETARIAT**

This vote provides for the programs, operations, and other activities described in the voted appropriation under the following core business: Declaration Act Secretariat.

**DECLARATION ACT SECRETARIAT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Declaration Act Secretariat | 4,547 | **4,147** |

---

**Voted Appropriation Description:** This sub-vote provides for the operations of the Declaration Act Secretariat, including the facilitation, coordination, and guidance to meet the alignment of laws obligations under the *Declaration on the Rights of Indigenous Peoples Act* (Declaration Act), including policy and legislative process reform and guidance to government on ensuring that measures align with the United Nations Declaration on the Rights of Indigenous Peoples are taken in consultation and cooperation with Indigenous Peoples. In addition, this sub-vote provides for engagement with Indigenous Peoples to implement the *Declaration on the Rights of Indigenous Peoples Act* and align laws with the United Nations Declaration on the Rights of Indigenous Peoples and to do so in consultation and cooperation with Indigenous Peoples. This sub-vote provides for executive support, including executive services, delivering planning and support focused on major government initiatives and corporate administration. This sub-vote also provides for the Secretariat's strategic, service, and internal communications planning efforts; and business plans and performance monitoring, measurement, and reporting. This sub-vote also provides for finance, administrative, human resources, and information management services and systems; and information and privacy. Costs may be recovered from ministries, other entities within government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 36 — DECLARATION ACT SECRETARIAT** | 4547 | **4,147** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**STATUTORY DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special account: First Citizens Fund.

**FIRST CITIZENS FUND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| First Citizens Fund | 2,046 | **2,209** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the First Citizens Fund which is governed under the *Special Accounts Appropriation and Control Act.*

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 35704 | **33878** |
| Operating Costs | 9049 | **8151** |
| Government Transfers | 511338 | **271060** |
| Other Expenses | 2558 | **2559** |
| Internal Recoveries | (156) | **(156)** |
| External Recoveries | (372461) | **(133258)** |
| **TOTAL OPERATING EXPENSES** | 186032 | **182234** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**FIRST CITIZENS FUND**

This account was originally created as a fund under the *Revenue Surplus Appropriation Act* in 1969, was continued under the *Funds Control Act* in 1979, and was changed to a special account under the *Special Accounts Appropriation and Control Act* in 1988. The endowment fund has a restricted balance of $66.5 million which is not permitted to be spent. The account promotes the economic, educational, and cultural well-being of Indigenous Peoples who are normally residents of British Columbia by providing financial assistance through loan guarantees and government transfers. Interest attributable to the account balance is credited to the account as revenue. Expenses consist of government transfers in support of cultural, educational, and economic opportunities. The account also provides funds for the administration costs of certain social and economic development programs. No financing transactions are provided for under this account.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 1039 | **1039** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 2046 | 2209 |
| &nbsp;&nbsp;&nbsp;Expense | (2046) | (2209) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  | **—** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 1039 | **1039** |

---

**NOTES** 

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act.*

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**TREATY AND OTHER AGREEMENTS FUNDING**

LAND TRANSFERS — Disbursements represent expenditures for acquisition, administration, and disposal of land and other assets as a result of the settlement of treaties, incremental treaties, and other agreements. Negotiation and implementation costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 30000 | **50,000** |
| Receipts |  | **—** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 30,000 | **50,000** |

---

**MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION**

**REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**TREATY AND OTHER AGREEMENTS FUNDING**

BRITISH COLUMBIA FIRST NATIONS GAMING REVENUE SHARING LIMITED PARTNERSHIP — Disbursements are made by the Province to the British Columbia First Nations Gaming Revenue Sharing Limited Partnership (Partnership) or to a limited partner of the Partnership at the written request of the Partnership in accordance with the *Gaming Control Act*, further supported by the Long-Term BC First Nations Gaming Revenue Sharing and Financial Agreement in respect of a portion of the actual net income (receipts) of the British Columbia Lottery Corporation collected on behalf of the Partnership under the *Gaming Control Act*. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 96000 | **97000** |
| Receipts | (96000) | **(97000)** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  | **—** |

---

**MINISTRY OF INFRASTRUCTURE**

The mission of the Ministry of Infrastructure is to provide strategic infrastructure project planning, procurement, delivery and oversight supports to successfully deliver provincial vertical infrastructure projects, such as schools, post-secondary facilities, health care facilities and others, needed for British Columbia's growing communities.

**MINISTRY SUMMARY** 

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 37 — Ministry Operations | 420585 | **420514** |
| **OPERATING EXPENSES** | 420585 | **420514** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 201112 | **122001** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 3600 | **3600** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF INFRASTRUCTURE**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
|  |  |  | **External** |  |
| **OPERATING EXPENSES** | Net | **Gross** | **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Policy and Partnerships | 3093 | **3271** | **(2)** | **3269** |
| Community Capital Development | 40362 | **40672** | **(2)** | **40670** |
| Real Property | 366185 | **447800** | **(81612)** | **366188** |
| Executive and Support Services | 10945 | **10389** | **(2)** | **10387** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 420585 | **502132** | **(81618)** | **420514** |
|  | Capital | **Capital** | **Receipts and** |  |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Community Capital Development | 34500 | **3689** | **—** | **3689** |
| Real Property | 166609 | **118309** | **—** | **118309** |
| Executive and Support Services | 3 | **3** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 201112 | **122001** | **—** | **122001** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Community Capital Development |  | **1** | **(1)** | **—** |
| Real Property | 3600 | **4200** | **(600)** | **3600** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 3600 | **4201** | **(601)** | **3600** |

---

**MINISTRY OF INFRASTRUCTURE**

**VOTE DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 37 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Policy and Partnerships, Community Capital Development, Real Property, and Executive and Support Services.

**POLICY AND PARTNERSHIPS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Policy and Partnerships | 3,093 | **3,269** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration of provincial vertical capital infrastructure projects, including the development and administration of policy, programs, legislation and regulations; and the management and delivery of cross-government and agency initiatives. These activities may involve consultation with other ministries, agencies, governments, First Nations and external partners. Costs may be recovered from ministries, organizations within the government reporting entity, including Crown corporations, boards and commissions, other levels of government, societies, other organizations, and parties external to government for activities described within this sub-vote.

**COMMUNITY CAPITAL DEVELOPMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Community Capital Development | 40,362 | **40,670** |

---

**Voted Appropriation Description:** This sub-vote provides for program support, management and procurement for capital projects and initiatives related to K-12 education and childcare, health and post-secondary education sectors, and other provincial capital infrastructure and related spending initiatives. This sub-vote provides for funding or transfers of funding to school districts, universities, colleges, institutes and other educational agencies, health authorities, other government entities and organizations, and the private sector. This sub-vote provides for project management services related to provincial vertical infrastructure projects, including property management, construction, development, environmental, and technical services. Activities may include the acquisition of land on behalf of government and other public agencies and organizations, disposal of or making available land, and provision of services to public agencies in relation to land, as set out in the *Infrastructure Projects Act*. This sub-vote also provides for directly-related accommodation to First Nations resulting from the rental, lease, or disposal of Crown land or other related property. Costs associated with the disposal of real property are recovered from the revenues from the rental, lease, or disposal of Crown land or other related property. Costs may also be recovered from ministries, organizations within the government reporting entity, including Crown corporations, boards and commissions, other levels of government, societies, other organizations, and parties external to government for activities described within this sub-vote.

**REAL PROPERTY** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Real Property | 366,185 | **366,188** |

---

**Voted Appropriation Description:** This sub-vote provides for the delivery of property and real estate services, accommodation, client services, strategic infrastructure planning, supply management, and project management services related to facilities, including property management, construction, development, environmental, and technical services. Activities may include the acquisition of land on behalf of government, disposal of or making available land, and provision of services to public agencies in relation to land, as set out in the *Public Agency Accommodation Act*. This sub-vote also provides for directly-related accommodation to First Nations resulting from the rental, lease, or disposal of Crown land or other related property. Costs associated with the disposal of real property, such as land and buildings, are recovered from the revenues from the rental, lease, or disposal of Crown Land or other related property. Costs may also be recovered from ministries, public agencies, and other public or private sector organizations or other parties for activities described within this sub-vote.

**MINISTRY OF INFRASTRUCTURE**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 767 | **767** |
| Corporate Services | 10,178 | **9,620** |
|  | 10,945 | **10,387** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Infrastructure, the Parliamentary Secretary for Surrey Infrastructure, the deputy minister's office, executive leadership and direction, and corporate support including administration, finance, facilities management, information management and certain human resource activities. Costs may be recovered from ministries, Crown corporations, boards and commissions, other levels of government, societies, other organizations, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 37 — MINISTRY OPERATIONS** | 420585 | **420,514** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 39110 | **44101** |
| Operating Costs | 430453 | **438973** |
| Government Transfers | 33722 | **33722** |
| Other Expenses | 47521 | **45269** |
| Internal Recoveries | (24353) | **(59933)** |
| External Recoveries | (105868) | **(81618)** |
| **TOTAL OPERATING EXPENSES** | 420585 | **420514** |

---

**MINISTRY OF INFRASTRUCTURE**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**COMMUNITY CAPITAL DEVELOPMENT**

REAL ESTATE DEVELOPMENT — Disbursements represent expenditures associated with the development and sale of surplus properties and/or buildings on behalf of the Province as set out in the *Infrastructure Projects Act*. Receipts represent a portion of the proceeds of the sale or disposal of properties and/or buildings applied to costs. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 1 |
| Receipts | (1) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  |

---

**REAL PROPERTY**

STRATEGIC REAL ESTATE SERVICES — Disbursements represent expenditures associated with the development and sale of surplus properties and/or buildings on behalf of the Province as set out in the *Public Agency Accommodation Act*. Receipts represent a portion of the proceeds of the sale of the properties and/or buildings applied to costs. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 4200 |
| Receipts | (600) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 3600 |

---

**This page intentionally left blank.**

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

The mission of the Ministry of Jobs and Economic Growth is to incorporate key lines of government services to grow British Columbia's economy for the benefit of all residents and communities. The ministry's work includes establishing British Columbia as a preferred location for new and emerging technologies, supporting programs related to economic growth, job creation and community transition, providing integrated trade and investment programs to help increase exports for British Columbia businesses, supporting innovation and strategic investments across the province, and developing British Columbia's national and international trade relations.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 38 — Ministry Operations | 85151 | **72704** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British Columbia Strategic Investments Special Account |  | **37200** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Development Fund Special Account | 500 | **500** |
| **OPERATING EXPENSES** | 85651 | **110404** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **1** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
|  | | | **External** | |
| **OPERATING EXPENSES** | Net | **Gross** | **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Trade and Industry Development | 28966 | **28853** | **(4)** | **28849** |
| Small Business and Economic Development | 35757 | **27350** | **(6)** | **27344** |
| Investment and Sustainable Economy | 13673 | **10014** | **(3)** | **10011** |
| Executive and Support Services | 6755 | **6503** | **(3)** | **6500** |
| British Columbia Strategic Investments Special Account |  | **37200** | **—** | **37200** |
| Northern Development Fund Special Account | 500 | **500** | **—** | **500** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 85651 | **110420** | **(16)** | **110404** |
|  | Capital | **Capital** | **Receipts and** |  |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** | **—** | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| British Columbia Strategic Investments Special Account |  | **1** | **—** | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** |  | **1** | **—** | **1** |

---

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 38 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Trade and Industry Development, Small Business and Economic Development, Investment and Sustainable Economy, and Executive and Support Services.

**TRADE AND INDUSTRY DEVELOPMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Trade and Industry Development | 28,966 | **28,849** |

---

**Voted Appropriation Description:** This sub-vote provides for the facilitation of trade development and investment attraction to advance strategic sectors and industries in all regions of the province; promoting British Columbia internationally; showcasing British Columbia at national and international events; and the operation of the Province's international network of trade offices. This sub-vote supports the development and delivery of inbound and outbound trade and investment missions in conjunction with public and private sector partners and programming to assist British Columbia based companies to conduct international business. This sub-vote provides for domestic and international partnerships with public and private sector organizations with the aim of better alignment and efficiency in achieving the Province's trade and investment objectives. This sub-vote provides for the management of British Columbia's participation in domestic and international trade agreements and initiatives; the facilitation of trade and investment through resolution of trade disputes; the promotion of business development opportunities provided by trade agreements; and the provision of strategic advice with respect to the Province's trade obligations. This sub-vote provides for the development of research and analysis to support effective market and sector strategies that will benefit all regions of the province. This sub-vote also provides support for the development and implementation of strategies to strengthen domestic industries across a range of sectors, including core and emerging industries through research, business intelligence, strategy and support for industry growth, and acts as lead in working with Forestry Innovation Investment Ltd. This sub-vote provides for operational and industry support activities related to the implementation of mass timber and construction innovation. Costs may be recovered from ministries, Crown corporations and agencies, boards and commissions, other levels of government, and parties external to government for activities described within this sub-vote.

**SMALL BUSINESS AND ECONOMIC DEVELOPMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Small Business and Economic Development | 7716 | **7,339** |
| Regional Development | 28,041 | **20,005** |
|  | 35,757 | **27,344** |

---

**Voted Appropriations Description:** This sub-vote provides for the development and implementation of provincial plans, programs, and policies related to small business and regulatory reform in British Columbia, including negotiating and entering into agreements or arrangements with parties inside and outside of British Columbia. This sub-vote also provides for operational, programming, and research activities related to small business; the operation of the Small Business Roundtable; the provision of strategic direction to the Province regarding advancing economic development and competitiveness, and streamlining access to government services; and the development and implementation of regional economic strategies, initiatives, and policies and legislation. This sub-vote also provides for the delivery of regional and provincial economic development programs, community transition services, and services to foster economic growth and job creation, as well as leads the ministry's partnerships and economic development activities with Indigenous organizations and communities. Costs may be recovered from special accounts, ministries, Crown corporations and agencies, boards and commissions, other levels of government, other public-sector organizations, and parties external to government for activities described within this sub-vote.

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**VOTE DESCRIPTIONS**

*($000)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estimates Estimates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025/26 2026/27

**INVESTMENT AND SUSTAINABLE ECONOMY** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Investment and Sustainable Economy | 13,673 | **10,011** |

---

**Voted Appropriation Description:** This sub-vote provides for the coordination of investment programming and working with investors to facilitate investment in British Columbia, including working with stakeholders to identify barriers impeding investment projects and working to overcome them. This sub-vote also provides for the delivery of investment capital and venture capital programming by administering tax credits under the *Small Business Venture Capital Act* and the *Employee Investment Act* and acts as a lead in working with and providing transfers to InBC Investment Corp. This sub-vote provides for grants and other transfers to eligible recipients in relation to strategic investment for provincial priority projects and activities. This sub-vote also provides for related administration and support activities, as well as transfers to the British Columbia Strategic Investments special account. This sub-vote provides for the policy, administration, operation, delivery, and support of research, innovation, technology sector development, and commercialization programs, projects, and services; and providing strategic direction to remove barriers to innovation and commercialization, including acting as lead in working with Innovate BC and other technology and innovation focused organizations. This sub-vote provides for programming, research, and analysis for clean and inclusive economic growth and strategy, advice, and initiatives to support long-term economic planning, performance tracking, and reporting. Costs may be recovered from special accounts, ministries, Crown corporations and agencies, boards and commissions, other levels of government, other public-sector organizations, and parties external to government for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Ministers' Offices | 1231 | **1,256** |
| Corporate Services | 5,524 | **5,244** |
|  | 6,755 | **6,500** |

---

**Voted Appropriations Description:** This sub-vote provides for the offices of the Minister of Jobs and Economic Growth, the Minister of State for Artificial Intelligence and New Technologies, the Parliamentary Secretary for Armed Forces Development and Veterans Affairs, and the Parliamentary Secretary for Trade. This sub-vote also provides for executive direction of the Ministry of Jobs and Economic Growth and administrative services for the operating programs of the Ministry of Jobs and Economic Growth; the Ministry of Labour; the Ministry of Housing and Municipal Affairs; and the Ministry of Tourism, Arts, Culture and Sport; including financial administration and budget coordination, strategic and business planning and reporting, certain human resource activities, office management, accommodation, and information systems. Costs may be recovered from ministries, Crown corporations and agencies, boards and commissions, other levels of government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 38 — MINISTRY OPERATIONS** | 85151 | **72,704** |

---

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**STATUTORY DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special accounts: British Columbia Strategic Investments and Northern Development Fund.

**BRITISH COLUMBIA STRATEGIC INVESTMENTS** 

---

| | |
|:---|:---|
| **Statutory Appropriation** | |
| British Columbia Strategic Investments | **37,200** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the British Columbia Strategic Investments special account which is governed under the *Special Account Appropriations and Control Act.*

**NORTHERN DEVELOPMENT FUND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Northern Development Fund | 500 | **500** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Northern Development Fund which is governed under the *BC-Alcan Northern Development Fund Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 40862 | **40247** |
| Operating Costs | 17187 | **15522** |
| Government Transfers | 28451 | **55501** |
| Other Expenses | 183 | **37367** |
| Internal Recoveries | (1016) | **(38217)** |
| External Recoveries | (16) | **(16)** |
| **TOTAL OPERATING EXPENSES** | 85651 | **110404** |

---

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**BRITISH COLUMBIA STRATEGIC INVESTMENTS**

This account is established as a special account under the *Special Accounts Appropriation and Control Act* effective April 1, 2026, for the purposes of supporting strategic investments approved by Treasury Board in respect of provincial priority projects or activities in British Columbia. Expenses include grants and other transfers to eligible recipients, administration and support for grants and other transfers, loans, equity and other financial interests, loan guarantee and related rights activities authorized under the special account, valuation and collection provisions in relation to loans, equity and other financial interests, and payments or provisions made in respect of defaulted loan guarantees, Revenue and recoveries include transfers authorized by Treasury Board, transfers from appropriations of the ministry or other ministries, investment income received or earned on strategic investments, grant recoveries and repayments, and administration fees in relation to grants and other transfers, loans, equity and other financial interests and loan guarantees authorized under the special account. Receipts include repayment of loans issued and the return of principal on disposal of equity and other financial interests. Disbursements include loans issued, equity and other financial interests acquired and payments in respect of defaulted loan guarantees.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | **400000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expense | (37200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | **(37200)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disbursements | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) | **(1)** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | **362799** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF JOBS AND ECONOMIC GROWTH**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**NORTHERN DEVELOPMENT FUND**

This account was established by the *BC-Alcan Northern Development Fund Act* in 1998. The purpose is to promote sustainable economic development in north-western British Columbia. Expenses are to support investment in new or existing businesses, to create new employment or stabilize existing employment, to support other goals consistent with the Act, and for the Nechako-Kitamaat Development Fund Society. Interest earned on the fund balance is credited to the account as revenue. Administration costs are funded through the Ministry Operations Vote.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expense | (500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 919 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act.*

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**This page intentionally left blank.**

**MINISTRY OF LABOUR**

The mission of the Ministry of Labour is to promote fair, healthy, and safe labour and employment relationships in support of a strong, sustainable, and inclusive economy and to ensure provincial employment standards reflect the needs of British Columbians.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 39 — Ministry Operations | 24201 | **23672** |
| **OPERATING EXPENSES** | 24201 | **23672** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF LABOUR**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
|  | | | **External** | |
| **OPERATING EXPENSES** | Net | **Gross** | **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Labour Programs | 22852 | **65152** | **(42804)** | **22348** |
| Executive and Support Services | 1349 | **1679** | **(355)** | **1324** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 24201 | **66831** | **(43159)** | **23672** |
|  | Capital | **Capital** | **Receipts and** |  |
| **CAPITAL EXPENDITURES** | Expenditures | **Expenditures** | **P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Labour Programs | 3 | **3** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** | **—** | **3** |

---

**MINISTRY OF LABOUR**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 39 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Labour Programs and Executive and Support Services.

**LABOUR PROGRAMS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Employment Standards | 20902 | **20,442** |
| WorkSafeBC Funded Services | 1 | **1** |
| Labour Policy and Legislation | 1,949 | **1,905** |
|  | 22,852 | **22,348** |

---

**Voted Appropriations Description:** This sub-vote provides for services promoting harmonious labour and employment relations through the administration of the *Workers Compensation Act*, the *Employment Standards Act*, the *Temporary Foreign Worker Protection Act*, and the *Labour Relations Code*; the operations of the Workers' Compensation Appeal Tribunal, Compensation Advisory Services, and other employment and labour relations initiatives; and worker support programs. This sub-vote also provides for legislative and policy support for activities described within this sub-vote. Costs associated with the Workers' Compensation Appeal Tribunal and Compensation Advisory Services are fully recovered from the accident fund established pursuant to the *Workers Compensation Act*. Costs may also be recovered from ministries, Crown corporations and agencies, and parties external to government for other activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Minister's Office | 693 | **668** |
| Corporate Services | 656 | **656** |
|  | 1,349 | **1,324** |

---

**Voted Appropriations Description:** This sub-vote provides for the office for the Minister of Labour. This sub-vote also provides for executive direction of the Ministry of Labour; and administrative services for the operating programs of the Ministry of Labour, including financial administration and budget coordination, strategic and business planning and reporting, certain human resource activities, office management, accommodation, and information systems, some of which are provided by the Ministry of Jobs and Economic Growth and the Ministry of Housing and Municipal Affairs. Costs may be recovered from ministries, Crown corporations and agencies, other levels of government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 39 — MINISTRY OPERATIONS** | 24201 | **23,672** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 52369 | **52170** |
| Operating Costs | 13152 | **14123** |
| Government Transfers | 90 | **90** |
| Other Expenses | 453 | **453** |
| Internal Recoveries | (5) | **(5)** |
| External Recoveries | (41858) | **(43159)** |
| **TOTAL OPERATING EXPENSES** | 24201 | **23672** |

---

**This page intentionally left blank.**

**MINISTRY OF MINING AND CRITICAL MINERALS**

The mission of the Ministry of Mining and Critical Minerals is to align regulatory frameworks and policy to support the advancement of mining opportunities and facilitate a safe, environmentally responsible, and competitive mining sector for the benefit of all peoples in British Columbia, now and in the future.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 40 — Ministry Operations | 57457 | **57304** |
| **OPERATING EXPENSES** | 57457 | **57304** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 548 | **548** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF MINING AND CRITICAL MINERALS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Responsible Mining and Competitiveness | 30435 | **31924** | **(3053)** | **28871** |
| Mines Health, Safety and Enforcement | 14127 | **13696** | **(2)** | **13694** |
| Strategic and Indigenous Partnerships | 3615 | **5221** | **(2)** | **5219** |
| Executive and Support Services | 9280 | **9522** | **(2)** | **9520** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 57457 | **60363** | **(3059)** | **57304** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 548 | **548** |  | **548** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 548 | **548** |  | **548** |

---

**MINISTRY OF MINING AND CRITICAL MINERALS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 40 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Responsible Mining and Competitiveness; Mines Health, Safety and Enforcement; Strategic and Indigenous Partnerships; and Executive and Support Services.

**RESPONSIBLE MINING AND COMPETITIVENESS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Responsible Mining and Competitiveness | 30,435 | **28,871** |

---

**Voted Appropriation Description:** This sub-vote provides for the management and responsible development of the province's mineral, coal, and aggregate resources through developing and delivering geoscience databases and surveys; profiling British Columbia's mineral and coal opportunities; providing secure and modernized mineral and coal tenure systems; delivering a fair, effective, and transparent permitting process; developing and implementing policies and legislation to attract investment in British Columbia and advance reconciliation; developing strategies and actions to continuously enhance provincial competitiveness; collecting fees and securities associated with permits and tenures; advising government agencies on mineral and coal resources and their potential; and engaging and collaborating with Indigenous communities, stakeholders, local and federal governments, and the public. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**MINES HEALTH, SAFETY AND ENFORCEMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Mines Health, Safety and Enforcement | 14,127 | **13,694** |

---

**Voted Appropriation Description:** This sub-vote provides for oversight of the mining sector, including health, safety, and technical oversight of all mineral, coal, and aggregate mine sites during exploration, development, production, and reclamation; performing independent effectiveness auditing for continuous improvements to mining regulatory oversight; undertaking inspections, investigations and enforcement; providing data-driven process and policy to support robust compliance and enforcement; engaging with Indigenous communities in relation to mining regulatory oversight; and providing for a standing Code Review Committee to ensure labour, Indigenous, and industry representatives are involved in developing British Columbia's mine safety standards. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**STRATEGIC AND INDIGENOUS PARTNERSHIPS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Strategic and Indigenous Partnerships | 3,615 | **5,219** |

---

**Voted Appropriation Description:** This sub-vote provides for leadership and support in areas of strategic and cross-ministry policy, Indigenous relations, intergovernmental relations, business review and planning, the legislative affairs of the ministry and the Ministry of Energy and Climate Solutions, and liaising on Indigenous policy with the British Columbia Energy Regulator and the British Columbia Hydro and Power Authority. This sub-vote also provides for corporate services and corporate business innovation, including legislation and internal communications. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**MINISTRY OF MINING AND CRITICAL MINERALS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 689 | **689** |
| Corporate Services | 8,591 | **8,831** |
|  | 9,280 | **9,520** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Mining and Critical Minerals and executive support, including the deputy minister's office, and coordination of legislation. This sub-vote also provides for corporate services, correspondence, records management, and information and privacy. This sub-vote also provides for executive direction to the ministry; finance and administrative; information management services and systems; revenue collection; and trust fund management for ministry operations, programs, and clients. Costs may be recovered from ministries, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 40 — MINISTRY OPERATIONS** | 57457 | **57,304** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 45291 | **46863** |
| Operating Costs | 13699 | **11642** |
| Government Transfers | 275 | **275** |
| Other Expenses | 1255 | **1587** |
| Internal Recoveries | (4) | **(4)** |
| External Recoveries | (3059) | **(3059)** |
| **TOTAL OPERATING EXPENSES** | 57457 | **57304** |

---

**MINISTRY OF POST-SECONDARY EDUCATION AND FUTURE SKILLS**

The mission of the Ministry of Post-Secondary Education and Future Skills is to champion innovation, inclusive and sustainable communities, within an integrated, coordinated post-secondary education and skills training system that is affordable and accessible to empower British Columbians from all backgrounds to thrive.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 41 — Ministry Operations | 3509837 | **3580561** |
| **OPERATING EXPENSES** | 3509837 | **3580561** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 504 | **504** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF POST-SECONDARY EDUCATION AND FUTURE SKILLS**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Educational Institutions and Organizations | 3225843 | **3240975** | **(2)** | **3240973** |
| Student Services Programs | 73792 | **75637** | **(1845)** | **73792** |
| Private Training Institutions | 1 | **5211** | **(5210)** | **1** |
| Labour Market Development | 39415 | **140953** | **(97734)** | **43219** |
| Immigration and Strategic Planning | 39423 | **56667** | **(19030)** | **37637** |
| Transfers to Crown Corporations and Agencies | 107221 | **161221** | **—** | **161221** |
| Executive and Support Services | 24142 | **24235** | **(517)** | **23718** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 3509837 | **3704899** | **(124338)** | **3580561** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 504 | **504** |  | **504** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 504 | **504** |  | **504** |

---

**MINISTRY OF POST-SECONDARY EDUCATION AND FUTURE SKILLS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 41 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Educational Institutions and Organizations, Student Services Programs, Private Training Institutions, Labour Market Development, Immigration and Strategic Planning, Transfers to Crown Corporations and Agencies, and Executive and Support Services.

**EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Educational Institutions and Organizations | 3,225,843 | **3,240,973** |

---

**Voted Appropriation Description:** This sub-vote provides for funding to universities, colleges, institutes, educational agencies, and other organizations to support the post-secondary education system and for initiatives that enhance student access and outcomes. Costs may be recovered from ministries, educational organizations, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

**STUDENT SERVICES PROGRAMS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Student Services Programs | 73,792 | **73,792** |

---

**Voted Appropriation Description:** This sub-vote provides for the administration, operations, and delivery of student services programs. This sub-vote also provides financial, income, and other assistance to and for students, including scholarships, bursaries, loan forgiveness programs, transfers to students, and transfers for initiatives that enhance student performance and access. Costs may be recovered from ministries, educational organizations, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

**PRIVATE TRAINING INSTITUTIONS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Private Training Institutions | 1 | **1** |

---

**Voted Appropriation Description:** This sub-vote provides for the policy, administration, operations, and compliance activities related to providing for quality education standards for private post-secondary institutions certified under the *Private Training Act* and related to designation programs for public and private post-secondary institutions to enrol international students holding study permits. This sub-vote also provides for the administration of the Student Tuition Protection Fund. Costs may be recovered from ministries, private and public post-secondary institutions, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

**LABOUR MARKET DEVELOPMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Labour Market Strategic Planning | 5976 | **4,803** |
| Labour Market Policy and Planning | 3480 | **3,480** |
| Labour Market and Skills Training Programs | 29,959 | **34,936** |
|  | 39,415 | **43,219** |

---

**Voted Appropriations Description:** This sub-vote provides for the development and implementation of policy, programs, and legislation to support the development and training of British Columbia's workforce. It includes oversight of SkilledTradesBC and the negotiation and implementation of federal/provincial agreements related to workforce development and training. This sub-vote also provides for the development of labour market information that is disseminated to British Columbians through multiple platforms and methods and development of industry-led workforce development strategies and strategic initiatives. Costs may be recovered from ministries, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

**MINISTRY OF POST-SECONDARY EDUCATION AND FUTURE SKILLS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**IMMIGRATION AND STRATEGIC PLANNING** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Immigration Strategic Planning | 351 | **311** |
| Provincial Nominee Program | 1 | **1** |
| Workforce and Immigration | 39,071 | **37,325** |
|  | 39,423 | **37,637** |

---

**Voted Appropriations Description:** This sub-vote provides for the development and implementation of provincial plans, programs, and policies related to immigration, including the administration of the British Columbia Provincial Nominee Program and immigrant settlement and integration services, including negotiating and entering into agreements or arrangements with parties inside and outside of British Columbia. Costs related to the British Columbia Provincial Nominee Program are cost-recoverable from fees. Costs may also be recovered from ministries, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

**TRANSFERS TO CROWN CORPORATIONS AND AGENCIES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| SkilledTradesBC | 107,221 | **161,221** |

---

**Voted Appropriation Description:** This sub-vote provides for transfers to Crown corporations and agencies including SkilledTradesBC.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 858 | **858** |
| Corporate Services | 23,284 | **22,860** |
|  | 24,142 | **23,718** |

---

**Voted Appropriations Description:** This sub-vote provides for ministry leadership and direction, establishment of policy and accountability, and provides program support for the post-secondary system and student services programs. This sub-vote also provides for quality assessment for public and private post-secondary degree-granting institutions; and the *Professional Governance Act*. This sub-vote also provides for the office of the Minister of Post-Secondary Education and Future Skills, Parliamentary Secretary for International Credentials, and for corporate services to the ministry. This sub-vote also provides for the development and implementation of policy and programs to increase the ability for qualified, internationally trained professionals to achieve certification in British Columbia to work in regulated occupations. Costs may be recovered from ministries, organizations within the government reporting entity, other levels of government, and parties both internal and external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 41 — MINISTRY OPERATIONS** | 3509837 | **3,580,561** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 65680 | **67926** |
| Operating Costs | 16006 | **12204** |
| Government Transfers | 3607318 | **3675902** |
| Other Expenses | 3118 | **2966** |
| Internal Recoveries | (61099) | **(54099)** |
| External Recoveries | (121186) | **(124338)** |
| **TOTAL OPERATING EXPENSES** | 3509837 | **3580561** |

---

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

The mission of the Ministry of Public Safety and Solicitor General is to deliver public safety services and programs, to administer compliance and enforcement for the liquor and cannabis industries, and to ensure that the public has confidence in British Columbia's gaming sector.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 42 — Ministry Operations | 1088942 | **1085591** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Civil Forfeiture Account Special Account | 437 | **437** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corrections Work Program Account Special Account | 1281 | **781** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Criminal Asset Management Fund Special Account |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victim Surcharge Special Account | 13504 | **13504** |
| **OPERATING EXPENSES** | 1104164 | **1100313** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 4701 | **4447** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Corrections | 319361 | **320962** | **(2281)** | **318681** |
| Policing and Security | 573325 | **624253** | **(51932)** | **572321** |
| Community Safety and Victim Services | 92865 | **91865** | **(300)** | **91565** |
| BC Coroners Service | 30820 | **30153** | **(2)** | **30151** |
| RoadSafetyBC | 33914 | **38078** | **(4139)** | **33939** |
| Gaming Policy and Enforcement | 20049 | **24120** | **(3774)** | **20346** |
| Corporate Strategic Initiatives | 3659 | **3415** | **(2)** | **3413** |
| Office of the Fire Commissioner | 4192 | **4650** | **—** | **4650** |
| Executive and Support Services | 10757 | **10527** | **(2)** | **10525** |
| Civil Forfeiture Account Special Account | 437 | **23661** | **(23224)** | **437** |
| Corrections Work Program Account Special Account | 1281 | **781** | **—** | **781** |
| Criminal Asset Management Fund Special Account |  | **—** | **—** | **—** |
| Victim Surcharge Special Account | 13504 | **13504** | **—** | **13504** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 1104164 | **1185969** | **(85656)** | **1100313** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Corrections | 3262 | **3262** |  | **3262** |
| BC Coroners Service | 12 | **12** |  | **12** |
| Office of the Fire Commissioner | 475 | **290** |  | **290** |
| Executive and Support Services | 952 | **883** |  | **883** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 4701 | **4447** |  | **4447** |

---

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 42 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Corrections, Policing and Security, Community Safety and Victim Services, BC Coroners Service, RoadSafetyBC, Gaming Policy and Enforcement, Corporate Strategic Initiatives, Office of the Fire Commissioner, and Executive and Support Services.

**CORRECTIONS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Corrections | 319,361 | **318,681** |

---

**Voted Appropriation Description:** This sub-vote provides for the management of remanded and sentenced adult offenders in custody and in the community and for the planning and management of correctional programs. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of governments, and other parties both internal and external to government for activities described within this sub-vote.

**POLICING AND SECURITY** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Policing and Security | 573,325 | **572,321** |

---

**Voted Appropriation Description:** This sub-vote provides for superintending policing and law enforcement in the province; management of contract policing; development and administration of policy and legislation regarding cannabis enforcement, including stakeholder consultation and public engagement; and developing and delivering initiatives to maintain safe and secure communities. This sub-vote also provides for security industry regulations and other protective programs. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, and other parties both internal and external to government for activities described within this sub-vote.

**COMMUNITY SAFETY AND VICTIM SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Community Safety and Victim Services | 92,865 | **91,565** |

---

**Voted Appropriation Description:** This sub-vote provides for services to support victims of crime, counselling and outreach services for people impacted by violence, and financial assistance and benefits to assist victims in their recovery from the impacts of violent crime. This sub-vote also provides for facilitating restitution to victims and support to communities to prevent crime, violence, and victimization. Costs may be recovered from the Victim Surcharge Special Account for victim service programs, from ministries for special public safety initiatives, and from other levels of government for activities described within this sub-vote.

**BC CORONERS SERVICE** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| BC Coroners Service | 30,820 | **30,151** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of the BC Coroners Service and the administration of the *Coroners Act*, including investigating unnatural, sudden, and unexpected deaths; investigating and reviewing children's deaths; identifying, and publicly reporting on relevant facts about deceased persons; advancing recommendations aimed at the prevention of death; holding inquests and Death Review Panels; and reporting on issues affecting public health and safety. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, and other parties both internal and external to government for activities described within this sub-vote.

**ROADSAFETYBC** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| RoadSafetyBC | 33,914 | **33,939** |

---

**Voted Appropriation Description:** This sub-vote provides for programs and activities of RoadSafetyBC, including leading and supporting government traffic safety initiatives, administration of driver regulatory and traffic safety programs, setting driver licensing policies, monitoring and regulating unfit drivers, conducting reviews of driving prohibitions and conducting hearings and appeals of the Insurance Corporation of British Columbia's decisions respecting driver licence sanctions, driver training schools, driver trainer licences, and other driver-related programs. This sub-vote also provides for expenses related to participation in national organizations and reimbursements for programs administered by RoadSafetyBC. Costs may be recovered from appeal fees and program fees. Costs may also be recovered from ministries, Crown agencies, boards and commissions, other levels of government, and organizations for activities described within this sub-vote.

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26 | **Estimates <br> 2026/27** |
| **GAMING POLICY AND ENFORCEMENT** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Gaming Policy and Enforcement Operations | 20048 | **20,346** |
| Distribution of Gaming Proceeds | 1 | **—** |
|  | 20,049 | **20,346** |

---

**Voted Appropriations Description:** This sub-vote provides for the administration of gaming in the province, including horse racing and lotteries, and includes development and administration of legislation, regulations, and policy; licensing gaming events; oversight of horse racing events and teletheatres; registration; regulation of gaming supplies; inspecting, investigating, and auditing gaming in the province for compliance and enforcement; the management of the Province's gaming initiatives to regulate gaming and ensure safety and fairness; and the Province's responsible gambling strategy and problem gambling program. Costs may be recovered from ministries, organizations within the government reporting entity, and parties external to government for activities described within this sub-vote.

**CORPORATE STRATEGIC INITIATIVES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Corporate Strategic Initiatives | 3,659 | **3,413** |

---

**Voted Appropriation Description:** This sub-vote provides for the development of policy and legislation in relation to the Ministry of Public Safety and Solicitor General's corporate priorities and for the activities of the cross-government Compliance and Enforcement Secretariat. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, and other parties both internal and external to government for activities described within this sub-vote.

**OFFICE OF THE FIRE COMMISSIONER** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Office of the Fire Commissioner | 4,192 | **4,650** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation of the Office of the Fire Commissioner and the administration of the *Fire Safety Act*, including administering fire safety regulations, conducting fire inspections and investigations, supporting local fire services, promoting fire prevention and education, ordering preventive evacuations, and imposing administrative penalties and conducting reviews. Costs may be recovered from ministries for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Ministers' Offices | 975 | **975** |
| Corporate Services | 9,782 | **9,550** |
|  | 10,757 | **10,525** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Public Safety and Solicitor General; the Minister of State for Community Safety and Integrated Services; executive direction of the ministry, including the Deputy Solicitor General's office; general services to support program delivery; policy development; and management services for the ministry, including oversight of Crown corporations, and for the Ministry of Attorney General, including financial administration, facilities management, and business planning. Costs may be recovered from ministries, Crown agencies, boards and commissions, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 42 — MINISTRY OPERATIONS** | 1088942 | **1,085,591** |

---

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: Civil Forfeiture Account, Corrections Work Program Account, Criminal Asset Management Fund, and Victim Surcharge Special Account.

**CIVIL FORFEITURE ACCOUNT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Civil Forfeiture Account | 437 | **437** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Civil Forfeiture Account which is governed under the *Civil Forfeiture Act*.

**CORRECTIONS WORK PROGRAM ACCOUNT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Corrections Work Program Account | 1,281 | **781** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Corrections Work Program Account which is governed under the *Correction Act*.

**CRIMINAL ASSET MANAGEMENT FUND** 

---

| | |
|:---|:---|
| **Statutory Appropriation** |  |
| Criminal Asset Management Fund | **—** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Criminal Asset Management Fund which is governed under the *Criminal Asset Management Act*.

**VICTIM SURCHARGE SPECIAL ACCOUNT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** |  |  |
| Victim Surcharge Special Account | 13,504 | **13,504** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Victim Surcharge Special Account which is governed under the *Victims of Crime Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 370000 | **372716** |
| Operating Costs | 55012 | **58144** |
| Government Transfers | 764359 | **753324** |
| Other Expenses | 18259 | **18961** |
| Internal Recoveries | (17175) | **(17176)** |
| External Recoveries | (86291) | **(85656)** |
| **TOTAL OPERATING EXPENSES** | 1104164 | **1100313** |

---

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**CIVIL FORFEITURE ACCOUNT**

This account was established by the *Civil Forfeiture Act* in 2005. The purpose of the Act is to suppress unlawful activities by removing the associated economic incentive and to fund crime prevention, crime remediation, and victim compensation initiatives. The account is established to receive the liquidated value of forfeited assets and to distribute the net revenue in the form of grants. The net revenue represents the excess of recoveries over expenses in a given fiscal year. Expenses are limited to those permitted within the scope of the Act and include administration of the Act. Costs may be recovered from proceeds from judgments or settlements of concluded legal proceedings.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 22647 | **22210** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue |  |  |
| &nbsp;&nbsp;&nbsp;Expense | (14981) | (23661) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 14544 | 23224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (437) | **(437)** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| &nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> |  | **6** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 22210 | **21779** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**CORRECTIONS WORK PROGRAM ACCOUNT**

This account was established by the *Miscellaneous Statutes Amendment Act (No. 2)* in 1987 and is governed under the *Correction Act.* The purpose of the account is to assist inmates in acquiring skills and to encourage them to develop good work habits. Revenue represents proceeds from the sale of goods and services produced by inmates. Expenses are for supplies and costs related to the Corrections Work Program. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 1595 | **1724** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 650 | 650 |
| &nbsp;&nbsp;&nbsp;Expense | (1281) | (781) |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry Operations Vote | 700 | 700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 69 | **569** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| &nbsp;&nbsp;&nbsp;Working Capital Adjustments and Other Spending Authority Committed<sup>3</sup> | 60 | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 1724 | **2293** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> The Working Capital Adjustments and Other Spending Authority Committed includes those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**CRIMINAL ASSET MANAGEMENT FUND**

The Forfeited Crime Proceeds Fund account was established by the *Special Accounts Appropriation and Control Act* in 1988, as amended by the *Attorney General Amendment Act* in 1989. This account was continued in 2012, under the name Criminal Asset Management Fund, by the *Criminal Asset Management Act*. The purpose of this account is to use the proceeds that government obtains from criminal forfeitures and certain fines for certain criminal justice purposes. Revenue represents money received by government from proceeds of crime provided by certain other governments, money paid as a fine under a provision of the *Criminal Code* of Canada or under similar legislation, and money forfeited under certain sections of the *Criminal Code* of Canada. Revenue also represents money realized from the disposition of forfeited property governed by the Act and other money, interest, and income provided for in the Act. Expenses are for compensation of eligible victims, crime prevention and remediation, administration of the Act, and other prescribed purposes. Administrative costs may be funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 2733 |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Revenue |  |
| &nbsp;&nbsp;&nbsp;Expense |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 2733 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VICTIM SURCHARGE SPECIAL ACCOUNT**

This account was established by the *Victims of Crime Act* in 1996. The purpose of the account is to fund services to victims of crime as provided for in the Act. Revenue represents proceeds from a victim surcharge levy on fines from all provincial offences, both court-imposed fines and those which result in a violation ticket. Revenue also includes proceeds from the federal victim surcharge levy on offences imposed by the court under the *Criminal Code* of Canada, fines issued under the *Controlled Drugs and Substances Act*, the *Cannabis Act*, and interest earned on the balance of the fund. Expenses are for justice system obligations to victims of crime under the Act, including administration costs for both the Ministry of Attorney General and the Ministry of Public Safety and Solicitor General. Any remaining funds may be expended on initiatives which may benefit victims of crime. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 26432 | **24928** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 12000 | 12000 |
| &nbsp;&nbsp;&nbsp;Expense | (13504) | (13504) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | (1504) | **(1504)** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 24928 | **23424** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**This page intentionally left blank.**

**MINISTRY OF SOCIAL DEVELOPMENT AND POVERTY REDUCTION**

The mission of the Ministry of Social Development and Poverty Reduction is to make a difference in the lives of British Columbians trying to overcome social and economic barriers by believing in their ability to realize their full potential and make meaningful contributions to their community, and by providing access to services to help them achieve their goals.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 43 — Ministry Operations | 5705485 | **5976762** |
| **OPERATING EXPENSES** | 5705485 | **5976762** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 1854 | **1854** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF SOCIAL DEVELOPMENT AND POVERTY REDUCTION**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External**<br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Income Assistance | 3854300 | **4064333** | **(20914)** | **4043419** |
| Employment | 31126 | **323630** | **(291204)** | **32426** |
| Community Living Services | 1806808 | **1887778** | **(1)** | **1887777** |
| Employment and Assistance Appeal Tribunal | 1947 | **1947** | **—** | **1947** |
| Executive and Support Services | 11304 | **11233** | **(40)** | **11193** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 5705485 | **6288921** | **(312159)** | **5976762** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital<br> Expenditures | **Capital<br> Expenditures** | **Receipts and<br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 1854 | **1854** |  | **1854** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 1854 | **1854** |  | **1854** |

---

**MINISTRY OF SOCIAL DEVELOPMENT AND POVERTY REDUCTION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 43 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Income Assistance, Employment, Community Living Services, Employment and Assistance Appeal Tribunal, and Executive and Support Services.

**INCOME ASSISTANCE** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Income Assistance - Program Management | 157865 | **158,731** |
| Temporary Assistance | 966549 | **1,073,007** |
| Disability Assistance | 2204432 | **2,282,236** |
| Supplementary Assistance | 525,454 | **529,445** |
|  | 3,854,300 | **4,043,419** |

---

**Voted Appropriations Description:** This sub-vote provides for assistance, in the form of income assistance, disability assistance, hardship assistance, and health and other supplements for family units eligible in accordance with the *Employment and Assistance Act* or the *Employment and Assistance for Persons with Disabilities Act*. This sub-vote also provides for supports that are not provided under the *Employment and Assistance Act* or the *Employment and Assistance for Persons with Disabilities Act* but are consistent with or promote the intent or purpose of these Acts. In addition, this sub-vote provides for support services and direct operating costs. Costs may be recovered from the BC Bus Pass Program user fees, assignments authorized by the *Employment and Assistance Act* and the *Employment and Assistance for Persons with Disabilities Act*, and from repayable assistance and overpayments of assistance described within this sub-vote. Costs may also be recovered from ministries, other levels of government, and parties external to government for activities described within this sub-vote.

**EMPLOYMENT** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Employment Programs | 31125 | **32,425** |
| Labour Market Development Agreement | 1 | **1** |
|  | 31,126 | **32,426** |

---

**Voted Appropriations Description:** This sub-vote provides for the operation and administration of programs to assist eligible individuals to find sustainable employment. This sub-vote also provides for the operations and administration of employment-related programs to support individuals with multiple barriers and disabilities. In addition, this sub-vote supports organizations that provide employment services to unemployed persons and provides for developing and implementing strategies for dealing with labour force adjustments and certain human resource activities. Costs may be recovered from ministries, other levels of government, and parties external to government under cost-sharing agreements for activities described within this sub-vote.

**COMMUNITY LIVING SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Community Living Services | 1,806,808 | **1,887,777** |

---

**Voted Appropriation Description:** This sub-vote provides for general support and advice to the minister regarding Adult Community Living Services and includes transfer payments to Community Living British Columbia for the governance, management, operations, and delivery of services and support to adults with developmental disabilities. Payments for the provision of these services are in accordance with the *Community Living Authority Act*. Costs may be recovered from other levels of government under cost-sharing agreements for activities described within this sub-vote.

**EMPLOYMENT AND ASSISTANCE APPEAL TRIBUNAL** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Employment and Assistance Appeal Tribunal | 1,947 | **1,947** |

---

**Voted Appropriation Description:** This sub-vote provides for the operation and administration of the Employment and Assistance Appeal Tribunal, which provides for an independent and impartial appeal of the ministry's reconsideration decisions. The Employment and Assistance Appeal Tribunal is a single-level, community-based appeal system established under the *Employment and Assistance Act*. Ministry clients that are dissatisfied with the outcome of the ministry's reconsideration decisions may appeal to the Employment and Assistance Appeal Tribunal. Costs may be recovered from ministries for activities described within this sub-vote.

**MINISTRY OF SOCIAL DEVELOPMENT AND POVERTY REDUCTION**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26 | **Estimates <br> 2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 1010 | **1,010** |
| Corporate Services | 10,294 | **10,183** |
|  | 11,304 | **11,193** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Social Development and Poverty Reduction, for executive direction of the ministry and administrative services for the operating programs of the ministry, and for the Parliamentary Secretary for Accessibility and the Parliamentary Secretary for Community Development and Non-Profits. This includes strategic and business planning, financial administration and budget management, certain human resource activites, asset and risk management, and facilities. This sub-vote provides for strategic planning, research, and development of accessibility legislation and associated initiatives, an Accessibility Directorate, and poverty reduction initiatives. This sub-vote also provides for corporate and community-based service delivery, including services provided by ministries and agencies on behalf of the ministry. Costs may be recovered from ministries, other levels of government, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 43 — MINISTRY OPERATIONS** | 5705485 | **5,976,762** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 181796 | **183996** |
| Operating Costs | 13890 | **13745** |
| Government Transfers | 5808231 | **6077453** |
| Other Expenses | 14935 | **14935** |
| Internal Recoveries | (1208) | **(1208)** |
| External Recoveries | (312159) | **(312159)** |
| **TOTAL OPERATING EXPENSES** | 5705485 | **5976762** |

---

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

The mission of the Ministry of Tourism, Arts, Culture and Sport is to promote people and communities across British Columbia that are vibrant and thriving, with a diversity of opportunities that enrich well-being and support a strong, sustainable economy. The ministry contributes to community and economic well-being by creating conditions for British Columbia's tourism, arts, culture, sport, creative, and heritage sectors to thrive.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates <br> 2025/26<sup>1</sup> | **Estimates <br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 44 — Ministry Operations | 185364 | **183761** |
| **STATUTORY APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BC Arts and Culture Endowment Special Account | 4230 | **4230** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Physical Fitness and Amateur Sports Fund Special Account | 1200 | **1200** |
| **OPERATING EXPENSES** | 190794 | **189191** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3 | **3** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** | 600 | **600** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Tourism Sector Strategy | 26026 | **41609** | **(15597)** | **26012** |
| Arts and Culture | 41437 | **179702** | **(138587)** | **41115** |
| Sport and Creative Sector | 27134 | **42687** | **(15736)** | **26951** |
| Transfers to Crown Corporations and Agencies | 88432 | **87464** | **—** | **87464** |
| Executive and Support Services | 2335 | **2221** | **(2)** | **2219** |
| BC Arts and Culture Endowment Special Account | 4230 | **4230** | **—** | **4230** |
| Physical Fitness and Amateur Sports Fund Special Account | 1200 | **1200** | **—** | **1200** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 190794 | **359113** | **(169922)** | **189191** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 3 | **3** |  | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3 | **3** |  | **3** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Tourism Sector Strategy | 600 | **600** |  | **600** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 600 | **600** |  | **600** |

---

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**VOTE DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 44 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Tourism Sector Strategy, Arts and Culture, Sport and Creative Sector, Transfers to Crown Corporations and Agencies, and Executive and Support Services.

**TOURISM SECTOR STRATEGY** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Tourism Sector Strategy | 26,026 | **26,012** |

---

**Voted Appropriation Description:** This sub-vote provides for the strategy, development, and implementation of provincial plans, policies, programs, and legislation related to tourism and/or the tourism industry in British Columbia; resort development; heritage property management; and emergency response and recovery. Costs may be recovered from ministries, Crown corporations and agencies, other levels of government, external organizations, and individuals for activities described within this sub-vote.

**ARTS AND CULTURE** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Arts and Culture | 38982 | **38,673** |
| Community Gaming Grants | 2,455 | **2,442** |
|  | 41,437 | **41,115** |

---

**Voted Appropriations Description:** This sub-vote provides for arts and cultural policy, programs, and sector grants under the *Arts Council Act*, administration of the BC150 Cultural Fund and Arts Legacy Fund sub-accounts held under the BC Arts and Culture Endowment special account; and the administration of community gaming grants under the *Gaming Control Act* by the manager of community gaming grants, as well as the distribution of gaming proceeds through community gaming grants. Costs may be recovered from special accounts, ministries, Crown corporations and agencies, other levels of government, external organizations, and individuals for activities described within this sub-vote.

**SPORT AND CREATIVE SECTOR** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Sport | 23481 | **23,298** |
| Creative Sector | 3,653 | **3,653** |
|  | 27,134 | **26,951** |

---

**Voted Appropriations Description:** This sub-vote provides for support and funding for sport, physical activity, assistance to improve sport and physical activity infrastructure, local hosting of events, and the administration of the Physical Fitness and Amateur Sports Fund. This sub-vote also provides for the Office of the Athletic Commissioner. This sub-vote also provides for the support and promotion of British Columbia's creative economy and industries. Costs may be recovered from special accounts, ministries, Crown corporations and agencies, other levels of government, external organizations, licensees, and individuals for activities described within this sub-vote.

**TRANSFERS TO CROWN CORPORATIONS AND AGENCIES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| BC Games Society | 2242 | **2242** |
| B.C. Pavilion Corporation | 9897 | **9929** |
| Destination BC Corp | 56431 | **55431** |
| Knowledge Network Corporation | 6611 | **6611** |
| Royal British Columbia Museum | 13251 | **13251** |
|  | 88432 | **87464** |

---

**Voted Appropriations Description:** This sub-vote provides for transfers to Crown corporations and agencies including BC Games Society, B.C. Pavilion Corporation, Destination BC Corp., Knowledge Network Corporation, and Royal British Columbia Museum.

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26 | **Estimates<br> 2026/27** |
| **EXECUTIVE AND SUPPORT SERVICES** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Minister's Office | 914 | **856** |
| Corporate Services | 1,421 | **1,363** |
|  | 2,335 | **2,219** |

---

**Voted Appropriations Description:** This sub-vote provides for the offices for the Minister of Tourism, Arts, Culture and Sport. This sub-vote also provides for executive direction of the Ministry of Tourism, Arts, Culture and Sport; and administrative services for the operating programs of the Ministry of Tourism, Arts, Culture and Sport, including financial administration and budget coordination, strategic and business planning and reporting, certain human resource activities, office management, accommodation, and information systems, some of which are provided by the Ministry of Jobs and Economic Growth and the Ministry of Housing and Municipal Affairs. Costs may be recovered from ministries, Crown corporations and agencies, and parties external to government for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 44 — MINISTRY OPERATIONS** | 185364 | **183,761** |

---

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

These statutory appropriations provide for the programs, operations, and other activities of the following special accounts: BC Arts and Culture Endowment and Physical Fitness and Amateur Sports Fund.

**BC ARTS AND CULTURE ENDOWMENT** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| BC Arts and Culture Endowment special account | 4,230 | **4,230** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the BC Arts and Culture Endowment special account which is governed under the *Special Accounts Appropriation and Control Act*.

**PHYSICAL FITNESS AND AMATEUR SPORTS FUND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Physical Fitness and Amateur Sports Fund | 1,200 | **1,200** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Physical Fitness and Amateur Sports Fund which is governed under the *Special Accounts Appropriation and Control Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 21813 | **22012** |
| Operating Costs | 2293 | **2119** |
| Government Transfers | 311954 | **334961** |
| Other Expenses | 27 | **27** |
| Internal Recoveries | (6) | **(6)** |
| External Recoveries | (145287) | **(169922)** |
| **TOTAL OPERATING EXPENSES** | 190794 | **189191** |

---

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**SPECIAL ACCOUNTS**<sup>1</sup>

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**BC ARTS AND CULTURE ENDOWMENT SPECIAL ACCOUNT**

This account was established as a special account under the *Special Accounts Appropriation and Control Act* in 2008. This account contains two sub-accounts, the BC150 Cultural Fund and the Arts Legacy Fund. The BC150 Cultural Fund sub-account operates as an endowment fund with a restricted balance of $150 million which is not permitted to be spent. This sub-account will provide support for arts and culture in British Columbia as recommended by the British Columbia Arts Council. The Arts Legacy Fund sub-account also operates as an endowment fund with a restricted balance of $20 million which is not permitted to be spent. Expenses consist of government grants to organizations and artists to support the creation, development, or presentation of works of art at events or venues the minister considers will provide significant exposure to those works of art. Interest or earnings paid on the sub-accounts will be credited to the sub-accounts as revenue.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 13910 | **14510** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 4830 | 4830 |
| &nbsp;&nbsp;&nbsp;Expense | (4230) | (4230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 600 | **600** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 14510 | **15110** |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**PHYSICAL FITNESS AND AMATEUR SPORTS FUND**

This account was originally created as a fund under the *Revenue Surplus Appropriation Act* in 1969, continued under the *Funds Control Act* in 1979, and changed to a special account under the *Special Accounts Appropriation and Control Act* in 1988. The endowment fund has a restricted balance of $42.5 million which is not permitted to be spent. The account promotes the physical fitness of residents of the province and their participation in amateur sport. Interest earned on the account balance is credited to the account as revenue. Expenses consist of government transfers to physical fitness and amateur sports projects, groups and organizations, and awards to individuals. Administration costs are provided through the Ministry Operations Vote.

---

| | |
|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 2594 |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Revenue | 1200 |
| &nbsp;&nbsp;&nbsp;Expense | (1200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) |  |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 2594 |

---

**NOTES**

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

**MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**TOURISM SECTOR STRATEGY**

TOURISM DEVELOPMENT — Disbursements represent expenditures for preparing land development plans, survey costs, and costs of developing land for sale and tenure disposition to resort developers. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 600 | **600** |
| Receipts |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 600 | **600** |

---

**MINISTRY OF TRANSPORTATION AND TRANSIT**

The mission of the Ministry of Transportation and Transit is to create an integrated and safe transportation network that incorporates all modes of transport, reflects regional priorities, and provides a strong foundation for economic growth; and to maintain and improve the provincial highway system, ensuring the safe and efficient movement of people and goods provincially, nationally, and internationally.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26<sup>1</sup> | **Estimates<br> 2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vote 45 — Ministry Operations | 1177353 | **1196576** |
| **OPERATING EXPENSES** | 1177353 | **1196576** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 3135 | **3135** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES** 

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF TRANSPORTATION AND TRANSIT**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External** <br> **Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Transportation and Infrastructure Improvements | 27764 | **3134668** | **(3110068)** | **24600** |
| Public Transportation | 395630 | **2633197** | **(2226342)** | **406855** |
| Highway Operations | 733070 | **860588** | **(115295)** | **745293** |
| Commercial Transportation Regulation | 1969 | **13021** | **(11130)** | **1891** |
| Executive and Support Services | 18920 | **28604** | **(10667)** | **17937** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 1177353 | **6670078** | **(5473502)** | **1196576** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Highway Operations | 3135 | **3135** |  | **3135** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 3135 | **3135** |  | **3135** |

---

**MINISTRY OF TRANSPORTATION AND TRANSIT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 45 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Transportation and Infrastructure Improvements, Public Transportation, Highway Operations, Commercial Transportation Regulation, and Executive and Support Services.

**TRANSPORTATION AND INFRASTRUCTURE IMPROVEMENTS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Transportation Policy and Programs | 24473 | **21,621** |
| Transportation Investments | 1 | **1** |
| Partnerships | 1 | **1** |
| Port and Airport Development | 2862 | **2,712** |
| Enhancing Economic Development | 427 | **265** |
|  | 27,764 | **24,600** |

---

**Voted Appropriations Description:** This sub-vote provides for Transportation Policy and Programs, Transportation Investments, Partnerships, Port and Airport Development, and Enhancing Economic Development. Major activities include transportation and corporate policy, cross-government initiatives, the development of legislation, and integrated multi-modal transportation planning; capital program development and monitoring; integrated multi-modal corridor investment strategies; quality management; access management; direction and management of projects; engineering, design, survey, construction, reconstruction, and land and property acquisition for provincial transportation assets, transit-oriented developments, and infrastructure; asset preservation, including roads and bridges; surfacing, rehabilitation, replacement, seismic retrofit, and safety improvements; rehabilitation of ferries and ferry landings; electrical installations and upgrades; minor roadwork; development and monitoring of public-private partnerships; land base and property management, including port and airport *Land Act* and other tenures; and managing funding to communities to build and improve infrastructure that contributes to their sustainable development. This sub-vote also provides for transfers to other parties to support transportation initiatives. Costs may be recovered from ministries, the BC Transportation Financing Authority and other Crown corporations, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**PUBLIC TRANSPORTATION** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | 187716 | **198,941** |
| Public Transit | 207,914 | **207,914** |
| Coastal Ferry Services | 395,630 | **406,855** |

---

**Voted Appropriations Description:** This sub-vote provides for annual government contributions and payments towards Public Transit and Coastal Ferry Services, including costs incurred for providing public passenger and transportation services in, and between, various communities throughout the province. This sub-vote also includes provincial investments in transit capital infrastructure, transit-oriented development and operating expenses. Costs may be recovered from ministries, the BC Transportation Financing Authority and other Crown corporations, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**HIGHWAY OPERATIONS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Maintenance and Operations | 672111 | **684,474** |
| Commercial Vehicle Safety and Enforcement | 30938 | **30,874** |
| Inland Ferries | 30,021 | **29,945** |
|  | 733,070 | **745,293** |

---

**Voted Appropriations Description:** This sub-vote provides for Maintenance and Operations, Commercial Vehicle Safety and Enforcement, and Inland Ferries. Major activities include regional, district, and headquarters operations support; avalanche control; rock slope stabilization; traffic operations; development approvals; engineering; inspection station operations; the development, administration, and enforcement of commercial transport road safety programs and vehicle inspection and standards programs, truck licensing programs, passenger transportation services and operations; payments for maintenance of highways, roads, bridge structures, ferries, and tunnels; payments for pavement marking, electrical maintenance, and performance payments; the operation and maintenance of inland ferries and terminals and related infrastructure; and transfers to other parties. Costs may be recovered from ministries, the BC Transportation Financing Authority and other Crown corporations, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**MINISTRY OF TRANSPORTATION AND TRANSIT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**COMMERCIAL TRANSPORTATION REGULATION** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** |  |  |
| Container Trucking Commissioner | 1 | **1** |
| Passenger Transportation Branch | 1,968 | **1,890** |
|  | 1,969 | **1,891** |

---

**Voted Appropriations Description:** This sub-vote provides for the offices of the Container Trucking Commissioner and Passenger Transportation Branch and for costs associated with the administration of the *Container Trucking Act* and the *Passenger Transportation Act*. The Container Trucking Commissioner issues, audits, and enforces container trucking licences, sets container trucking rates, oversees key drayage industry activities, and facilitates ongoing policy and regulatory review. The Passenger Transportation Branch verifies safety requirements, conducts investigations, when required, and in cooperation with other programs and agencies, provides overall provincial coordination and direction for enforcement and compliance activities against both licensed and unlicensed operators. The Registrar of Passenger Transportation reviews and approves applications for passenger transportation operations, such as sightseeing buses and hotel and airport shuttles, which are not adjudicated by the Passenger Transportation Board. This sub-vote also provides for transfers to other parties to support accessible passenger transportation programs. Costs may be recovered from ministries, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriations** | | |
| Minister's Office | 1251 | **1,251** |
| Corporate Services | 17,669 | **16,686** |
|  | 18,920 | **17,937** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Transportation and Transit and the Parliamentary Secretary for Transit; the deputy minister's office; and services to support program delivery, including finance, administration, service planning and performance measurement, information technology and management, oversight of Crown corporations, and facilities management. Costs may be recovered from ministries, the BC Transportation Financing Authority and other Crown corporations, other levels of government, agencies, organizations, individuals, and private sector partners for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 45 — MINISTRY OPERATIONS** | 1177353 | **1,196,576** |

---

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 177753 | **176185** |
| Operating Costs | 6089600 | **5858837** |
| Government Transfers | 671594 | **646846** |
| Other Expenses | 622 | **889** |
| Internal Recoveries | (12679) | **(12679)** |
| External Recoveries | (5749537) | **(5473502)** |
| **TOTAL OPERATING EXPENSES** | 1177353 | **1196576** |

---

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

The mission of the Ministry of Water, Land and Resource Stewardship is to integrate water, land, and natural resource management, including objective setting for fish, wildlife, water, land and marine environments, effectively managing cumulative effects, and advancing reconciliation, environmental sustainability, and economic growth.

**MINISTRY SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 46 — Ministry Operations | 196931 | **201199** |
| **STATUTORY APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Crown Land Special Account | 500 | **500** |
| **OPERATING EXPENSES** | 197431 | **201699** |
| **CAPITAL EXPENDITURES** <sup>2</sup>** | 333 | **333** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** <sup>3</sup>** | 6382 | **6382** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Land Use Planning and Cumulative Effects | 30509 | **32445** | **(1891)** | **30554** |
| Resource Stewardship | 45930 | **45109** | **(936)** | **44173** |
| Water, Fisheries and Coast | 22305 | **83994** | **(60263)** | **23731** |
| Reconciliation, Lands, Policy and Data | 31619 | **33406** | **(1837)** | **31569** |
| Permitting Transformation | 44528 | **49961** | **(2)** | **49959** |
| Executive and Support Services | 22040 | **21215** | **(2)** | **21213** |
| Crown Land Special Account | 500 | **123710** | **(123210)** | **500** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 197431 | **389840** | **(188141)** | **201699** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Core Business** |  |  |  |  |
| Executive and Support Services | 333 | **333** |  | **333** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 333 | **333** |  | **333** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | Net | **Disbursements** | **Receipts** | **Net** |
| **Core Business** |  |  |  |  |
| Reconciliation, Lands, Policy and Data | 6382 | **6382** |  | **6382** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS** | 6382 | **6382** |  | **6382** |

---

---

| | | | |
|:---|:---|:---|:---|
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, <br> OTHER ENTITIES** | Net | **Disbursements** | **Receipts** |
| **Core Business** |  |  |  |
| Resource Stewardship |  | **6500** | **(6500)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** |  | **6500** | **(6500)** |

---

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**VOTE DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 46 — MINISTRY OPERATIONS**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Land Use Planning and Cumulative Effects; Resource Stewardship; Water, Fisheries and Coast; Reconciliation, Lands, Policy and Data; Permitting Transformation; and Executive and Support Services.

**LAND USE PLANNING AND CUMULATIVE EFFECTS** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Land Use Planning and Cumulative Effects | 30,509 | **30,554** |

---

**Voted Appropriation Description:** This sub-vote provides for land use planning and cumulative effects management activities and initiatives, including strategic land use and watershed planning initiatives; objective setting, and operations; and promoting First Nation partnerships, and public and stakeholder awareness and understanding of natural resource management. This sub-vote also provides for land, water, and resource stewardship agreements and land use planning agreements; leadership and support of First Nation initiatives and forums; and the operation of regional offices that support the delivery of activities related to this vote and provide client assistance with access to natural resource organizations. Costs may be recovered from ministries, other entities within government, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**RESOURCE STEWARDSHIP** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Resource Stewardship | 45,930 | **44,173** |

---

**Voted Appropriation Description:** This sub-vote provides for biodiversity and ecosystem stewardship activities, including legislation, policies, management, governance frameworks, protection, restoration, inventorying, enhancing, maintaining, and practices in relation to freshwater fish, wildlife and habitat, invasive species, ecosystems, biodiversity, and species at risk recovery; supporting and leading research, science, and threat abatement programs to support conservation, management, and protection of all natural resource values; supporting and leading outreach programs to integrate natural resource management into industry; acquisition, collection, recording, management, interpretation, standardization, and coordination of natural resource related inventories and data within the ministry and from other ministries; and effectiveness monitoring and reporting on activities and outcomes related to this sub-vote. This sub-vote also provides for the management of wildlife resources, including the allocation of wildlife, as well as the legislation, policies, and practices supporting sustainable management of fish and wildlife, including hunting, angling, and trapping; and non-consumptive recreational activities. Costs may be recovered from ministries, other entities within government, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**WATER, FISHERIES AND COAST** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Water, Fisheries and Coast | 22,305 | **23,731** |

---

**Voted Appropriation Description:** This sub-vote provides for the management and protection of the province's surface and ground water and ecosystems, and aquatic resource stewardship activities, including legislation, policies, planning, management, governance frameworks, protection, restoration, inventorying, enhancing, maintaining, and practices in relation to the conservation and management of aquatic biodiversity, fish species and their habitats, aquatic invasive species, and aquatic ecosystems; the management of fish resources, including the allocation of fish; the management of water resources, including water rental remissions; river forecasts; water use regulation, planning, and licensing; dam and dike safety; regional dam and dike safety and regulation; regional drought and flood management; supporting and leading research, science, and threat abatement programs to support conservation, management, and protection of all aquatic natural resource values, such as the aquatic invasive species defence program; aquatic species at risk recovery; supporting and leading outreach programs to integrate water management into industry, municipal, and regional planning and development programs; promoting First Nation partnerships, and public and stakeholder awareness and understanding of the state and wise use of water; acquisition, collection, recording, management, interpretation, standardization, and coordination of water and natural resource related inventories and data within the ministry and from other ministries; and transboundary waters management. This sub-vote also provides for coastal and marine planning and policy; fisheries, seafood and aquaculture related activities, including planning, establishing, and ensuring program compliance with federal-provincial agreements and legislation related to a competitive and profitable fishery and aquaculture sector; and legislation, planning, policy, and regulatory development. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, licensees, and individuals for activities described within this sub-vote.

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26 | **Estimates<br> 2026/27** |
| **RECONCILIATION, LANDS, POLICY AND DATA** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** |  |  |
| Reconciliation, Lands, Policy and Data | 31,619 | **31,569** |

---

**Voted Appropriation Description:** This sub-vote provides for leadership and support in areas of strategic and cross-sector policy, including legislation, and policy development; leadership and support in areas related to natural resource sector commitments to reconciliation, including developing policy, guidance, and procedures to meet legal obligations and enhance First Nation participation in land and marine environment management and the natural resource economy. This sub-vote also provides for activities supporting the negotiation, closing and bringing into effect of land-related agreements with First Nations. This sub-vote also provides for Crown land policy and legislation, including maintaining the Crown Land Registry; off-road vehicle program management; Crown land allocation, including the management of development projects; remediation of contaminated sites on Crown land and other lands that affect provincial interests; and directly-related accommodation to First Nations resulting from the disposal of Crown land or other related property. This sub-vote provides for corporate governance, planning, and management for information and data services that support natural resource ministries, including leadership in geospatial information, base mapping, and environmental data management. This sub-vote also provides for acquisition and creation of provincial resource and base-mapping information and geospatial services; leadership, services, advice, and support in relation to digital services of information management/information technology and business processes; library services to the natural resource sector; development of environmental information and related information management systems both internal and external to the ministry; and the acquisition, management, coordination and interpretation of natural resource related data and information that support the assessment of species and ecosystems. Costs may be recovered from ministries, other entities within government, Crown agencies, other levels of government, and parties external to government for activities described within this sub-vote.

**PERMITTING TRANSFORMATION** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Permitting Transformation | 44,528 | **49,959** |

---

**Voted Appropriation Description:** This sub-vote provides for licensing, permitting, administration, and other operational activities in relation to lands, water, soil, mining resources, and recreation; hunting, angling, and trapping; ministry and sector authorizations and business innovation activities; policy and legislative development; coordination and change management activities; program evaluation; and consultation and accommodation of First Nations. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, organizations, and individuals for activities described within this sub-vote.

**EXECUTIVE AND SUPPORT SERVICES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Voted Appropriations** | | | | |
| Minister's Office | 967 | 967 | **967** | **967** |
| Corporate Services | | 21,073 | | **20,246** |
|  | | 22,040 | | **21,213** |

---

**Voted Appropriations Description:** This sub-vote provides for the office of the Minister of Water, Land and Resource Stewardship; executive and executive support, including the deputy minister's office, corporate administration, and executive direction to the ministry; finance, certain human resource activities, asset and infrastructure, information and privacy, legislation, and initiatives; legal and litigation support services; and corporate services provided to other natural resource ministries. Costs may be recovered from ministries, other entities within government, other levels of government, organizations, and individuals for activities described within this sub-vote.

---

| | | |
|:---|:---|:---|
| **VOTE 46 — MINISTRY OPERATIONS** | 196931 | **201,199** |

---

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**STATUTORY DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**STATUTORY APPROPRIATIONS**

This statutory appropriation provides for the programs, operations, and other activities of the following special account: Crown Land.

**CROWN LAND** 

---

| | | |
|:---|:---|:---|
| **Statutory Appropriation** | | |
| Crown Land special account | 500 | **500** |

---

**Statutory Appropriation Description:** This statutory appropriation provides for the Crown Land special account which is governed under the *Ministry of Lands, Parks and Housing Act*.

**MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 167418 | **173012** |
| Operating Costs | 44631 | **43463** |
| Government Transfers | 122560 | **148589** |
| Other Expenses | 51415 | **51415** |
| Internal Recoveries | (26639) | **(26639)** |
| External Recoveries | (161954) | **(188141)** |
| **TOTAL OPERATING EXPENSES** | 197431 | **201699** |

---

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**SPECIAL ACCOUNTS<sup>1</sup>**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**CROWN LAND SPECIAL ACCOUNT**

This account was originally created as a fund by authority of section 7 of the *Department of Housing Act* in 1973, was replaced by the Crown Land Fund in 1979 pursuant to the *Ministry of Lands, Parks and Housing Act*, was changed to a special account under the *Special Appropriations Act* in 1982, and provisions were modified under the *Special Accounts Appropriation and Control Act* in 1988. Revenues include land sales, exchanges, tenures, royalties, interest, rental income, and fees. Costs of development include costs directly associated with the acquisition and development of Crown land for sale or tenure and costs incurred for the accommodation of First Nation interests directly related to the sale in fee simple, rental, lease, or exchange of Crown lands. Expenses include costs for Crown land clean-up and servicing. This special account also provides Free Crown Grants and Nominal Rent Tenures of land at less than fair market value. In accordance with generally accepted accounting principles, upon disposition Free Crown Grants are expensed at net book value if no consideration is received or are expensed at fair market value if a consideration is received, and Nominal Rent Tenures are expensed at fair market value. As Crown land is shown on the balance sheet as the nominal value of $1, the revaluation of Crown land to fair market value is shown as a recovery against the expenses. Financing transaction receipts represent repayment of outstanding loans and deposits made on pending sales.

---

| | | |
|:---|:---|:---|
| **SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR <sup>2</sup>** | 50000 | **50000** |
| &nbsp;&nbsp;&nbsp;OPERATING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;CROWN LAND |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | 100143 | 98009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Cost of Development | (888) | (2567) |
|  | 99255 | 95442 |
| &nbsp;&nbsp;&nbsp;Expense | (500) | (500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | 98755 | **94942** |
| &nbsp;&nbsp;&nbsp;FREE CROWN GRANTS AND NOMINAL RENT TENURES<sup>3</sup> |  |  |
| &nbsp;&nbsp;&nbsp;Expense:<sup>4</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Attorney General | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Education and Child Care | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Environment and Parks | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Forests | (5361) | (206) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Health | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Housing and Municipal Affairs | (3750) | (4537) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Ministry of Infrastructure | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Jobs and Economic Growth | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Post-Secondary Education and Future Skills | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Social Development and Poverty Reduction | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Ministry of Transportation and Transit | (149) | (149) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Renewal of Nominal Rent Tenures | (85343) | (115740) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– First Nations Contingency | (2569) | (2569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– Contingency | (1) | (1) |
| &nbsp;&nbsp;&nbsp;Total Expense | (97181) | (123210) |
| &nbsp;&nbsp;&nbsp;Internal and External Recoveries | 97181 | 123210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Revenue (Expense) | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Transfer from (to) the General Fund | (98755) | **(94942)** |
| &nbsp;&nbsp;&nbsp;FINANCING TRANSACTIONS |  |  |
| &nbsp;&nbsp;&nbsp;Receipts |  |  |
| &nbsp;&nbsp;&nbsp;Disbursements |  |  |
| &nbsp;&nbsp;&nbsp;Capital Expenditures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Source (Requirement) |  | **—** |
| **PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR <sup>2</sup>** | 50000 | **50000** |

---

**NOTES** 

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> The Spending Authority Available at the Beginning of the Fiscal Year 2025/26 is based on the *2024/25 Public Accounts*. The Projected Spending Authority Available at the End of the Fiscal Year represents the cash and temporary investments projected to be available at the end of each fiscal year.

<sup>3</sup> Expenses and recoveries reflect the net difference between the fair market value and book value of Crown land granted free or leased for a nominal fee.

<sup>4</sup> The amounts shown reflect the projected value of free Crown grants to be issued on behalf of the individual ministries shown, and the anticipated value of nominal rent tenures to be renewed in the 2026/27 fiscal year. A Contingency amount has been added to reflect potential unanticipated requests.

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**RECONCILIATION, LANDS, POLICY AND DATA**

CROWN LAND ADMINISTRATION — Disbursements represent expenditures for servicing, developing, tenuring, and disposing of Crown land. Administration costs are funded through the ministry's voted appropriations.

---

| | | |
|:---|:---|:---|
| Disbursements | 6382 | **6,382** |
| Receipts |  | **—** |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) | 6,382 | **6,382** |

---

**MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP**

**REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**RESOURCE STEWARDSHIP**

HABITAT CONSERVATION TRUST — Disbursements are provided by the Province to the Habitat Conservation Trust Fund (HCTF) in respect of surcharges on hunting and angling licences collected on HCTF's behalf under the *Wildlife Act*. Administration costs are funded through the ministry's voted appropriations.

---

| | |
|:---|:---|
| Disbursements | 6500 |
| Receipts | (6500) |
| &nbsp;&nbsp;&nbsp;Net Cash Requirement (Source) |  |

---

**MANAGEMENT OF PUBLIC FUNDS AND DEBT**

**SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATION** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 47 — Management of Public Funds and Debt | 2762120 | **3797749** |
| **OPERATING EXPENSES** | 2762120 | **3797749** |
| **CAPITAL EXPENDITURES** <sup>2</sup>** |  | **—** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS** <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES** <sup>4</sup>** |  | **—** |

---

**NOTES**

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**MANAGEMENT OF PUBLIC FUNDS AND DEBT**

**SUMMARY BY CORE BUSINESS**

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Core Business** |  |  |  |  |
| Cost of Borrowing for Government Operating and Capital Funding | 2762117 | **3798246** | **(500)** | **3797746** |
| Cost of Borrowing for Relending to Government Bodies | 1 | **2426600** | **(2426599)** | **1** |
| Cost of Financial Agreements Entered into on Behalf of Government Bodies | 1 | **1** | **—** | **1** |
| Cost of Warehouse Borrowing Program | 1 | **1** | **—** | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 2762120 | **6224848** | **(2427099)** | **3797749** |

---

**MANAGEMENT OF PUBLIC FUNDS AND DEBT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates <br> 2025/26 | **Estimates <br> 2026/27** |

---

**VOTE 47 — MANAGEMENT OF PUBLIC FUNDS AND DEBT**

**(Minister of Finance)**

This vote provides for the programs, operations, and other activities described in the voted appropriations under the following core businesses: Cost of Borrowing for Government Operating and Capital Funding, Cost of Borrowing for Relending to Government Bodies, Cost of Financial Agreements Entered into on Behalf of Government Bodies, and Cost of Warehouse Borrowing Program.

**COST OF BORROWING FOR GOVERNMENT OPERATING AND CAPITAL FUNDING (NET OF RECOVERIES)** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Cost of Borrowing for Government Operating and Capital Funding | 2,762,117 | **3,797,746** |

---

**Voted Appropriation Description:** This sub-vote provides for interest and all other costs, expenses, charges, and fees associated with debt arising from borrowings or other credit arrangements. These include amounts required to be paid in respect of related financial agreements (such as interest rate and currency swaps and forward rate agreements) and commodity derivatives, incurred or assumed by the government for operating purposes or capital funding purposes. This sub-vote also provides for the cost of cash-flow management of the Consolidated Revenue Fund, payment services resulting from borrowing activities, costs associated with business continuation planning in relation to debt management and banking and cash management functions, and management and administration of the rights and obligations of the government under agreements and other arrangements relating to government mortgages and other interests and investments. Recoveries from the use of financial agreements (such as interest rate and currency swaps and forward rate agreements) and commodity derivatives, and revenue earned from funds invested in matched book programs are offset against the related expenditure.

**COST OF BORROWING FOR RELENDING TO GOVERNMENT BODIES (NET OF RECOVERIES)** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Cost of Borrowing for Relending to Government Bodies | 1 | **1** |

---

**Voted Appropriation Description:** This sub-vote provides for interest and all other costs, expenses, charges, and fees associated with debt arising from borrowings or other credit arrangements, including amounts required to be paid in respect of related financial agreements (such as interest rate and currency swaps and forward rate agreements) incurred or assumed by the government for the purposes of the Fiscal Agency Loan program. Recoveries from the use of financial agreements (such as interest rate and currency swaps and forward rate agreements) are offset against the related expenditure and the remaining costs are fully recovered from government bodies or other authorized organizations.

**COST OF FINANCIAL AGREEMENTS ENTERED INTO ON BEHALF OF GOVERNMENT BODIES (NET OF RECOVERIES)** 

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Cost of Financial Agreements Entered into on Behalf of Government Bodies | 1 | **1** |

---

**Voted Appropriation Description:** This sub-vote provides for all costs, expenses, charges, and fees associated with, including amounts required to be paid in respect of, financial agreements (such as interest rate and currency swaps and forward rate agreements) entered into by the government with or on behalf of government bodies or other authorized organizations other than such agreements related to fiscal agency loans. This sub-vote also provides for all costs, expenses, charges, and fees associated with, including amounts to be paid in respect of, commodity derivatives entered into by the government with or on behalf of the government bodies or other authorized organizations. Recoveries from the use of financial agreements (such as interest rate and currency swaps and forward rate agreements) and commodity derivatives are offset against the related expenditure under those agreements or derivatives and the remaining costs are fully recovered from government bodies or authorized organizations.

**MANAGEMENT OF PUBLIC FUNDS AND DEBT**

**VOTE DESCRIPTIONS**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br> 2025/26 | **Estimates**<br> **2026/27** |
| **COST OF WAREHOUSE BORROWING PROGRAM (NET OF RECOVERIES)** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Voted Appropriation** | | |
| Cost of Warehouse Borrowing Program | 1 | **1** |

---

**Voted Appropriation Description:** This sub-vote provides for interest and all other costs, expenses, charges, and fees associated with debt issued in advance of requirements, including amounts required to be paid in respect of related financial agreements (such as interest rate and currency swaps and forward rate agreements). The debt is held in the program prior to allocation to a government purpose or for loans to a government body or other authorized organization. Interest and other earnings accrued from the investment of proceeds of borrowings while warehoused offset interest and other costs associated with those borrowings. Recoveries from the use of financial agreements (such as interest rate and currency swaps and forward rate agreements) are offset against the related interest expenditure.

---

| | | |
|:---|:---|:---|
| **VOTE 47 — MANAGEMENT OF PUBLIC FUNDS AND DEBT** | 2762120 | **3,797,749** |

---

**GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Other Expenses | 4910219 | **6224848** |
| External Recoveries | (2148099) | **(2427099)** |
| **TOTAL OPERATING EXPENSES** | 2762120 | **3797749** |

---

**OTHER APPROPRIATIONS**

**SUMMARY**

*($000)*

---

| | | |
|:---|:---|:---|
|  | Estimates<br>2025/26<sup>1</sup> | **Estimates**<br>**2026/27** |
| **VOTED APPROPRIATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Vote 48 — Contingencies | 4000000 | **5000000** |
| &nbsp;&nbsp;&nbsp;Vote 49 — Capital Funding | 7258544 | **6153166** |
| &nbsp;&nbsp;&nbsp;Vote 50 — Commissions on Collection of Public Funds | 1 | **1** |
| &nbsp;&nbsp;&nbsp;Vote 51 — Allowances for Doubtful Revenue Accounts | 1 | **1** |
| &nbsp;&nbsp;&nbsp;Vote 52 — Tax Transfers | 3408000 | **2466000** |
| &nbsp;&nbsp;&nbsp;Vote 53 — Forest Practices Board | 4162 | **4062** |
| **OPERATING EXPENSES** | **14670708** | **13623230** |
| **CAPITAL EXPENDITURES <sup>2</sup>** | 100000 | **50000** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>3</sup>** |  | **—** |
| **REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>4</sup>** |  | **—** |

---

**NOTES** 

<sup>1</sup> For comparative purposes, figures shown for the 2025/26 operating expenses; capital expenditures; loans, investments and other requirements; and revenue collected for, and transferred to, other entities are restated to be consistent with the presentation of the *2026/27 Estimates*. A reconciliation of restated operating expenses and capital expenditures is presented in Schedule A.

<sup>2</sup> A listing of estimated capital expenditures by ministry is presented in Schedule C.

<sup>3</sup> A summary of loans, investments and other requirements by ministry is presented in Schedule D.

<sup>4</sup> A summary of revenue collected for, and transferred to, other entities by ministry is presented in Schedule E.

**OTHER APPROPRIATIONS**

**SUMMARY BY VOTE** 

*($000)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 2025/26 | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** | **2026/27 ESTIMATES** |
| **OPERATING EXPENSES** | Net | **Gross** | **External <br> Recoveries** | **Net** |
| **Voted Appropriations** |  |  |  |  |
| Contingencies | 4000000 | **5000001** | **(1)** | **5000000** |
| Capital Funding | 7258544 | **6153173** | **(7)** | **6153166** |
| Commissions on Collection of Public Funds | 1 | **92042** | **(92041)** | **1** |
| Allowances for Doubtful Revenue Accounts | 1 | **146591** | **(146590)** | **1** |
| Tax Transfers | 3408000 | **2466000** | **—** | **2466000** |
| Forest Practices Board | 4162 | **4064** | **(2)** | **4062** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL OPERATING EXPENSES** | 14670708 | **13861871** | **(238641)** | **13623230** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAPITAL EXPENDITURES** | Capital <br> Expenditures | **Capital <br> Expenditures** | **Receipts and <br> P3 Liabilities** | **Net** |
| **Voted Appropriations** | **Voted Appropriations** | **Voted Appropriations** | **Voted Appropriations** | **Voted Appropriations** |
| Contingencies | 100000 | **50000** |  | **50000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL** | 100000 | **50000** |  | **50000** |

---

**OTHER APPROPRIATIONS**

**VOTE DESCRIPTIONS** 

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 48 — CONTINGENCIES**

**(Minister of Finance)**

This vote provides for additional funding for items budgeted in other votes to accommodate the financial consequences of unanticipated and contingent events. Unanticipated events include developments during the year that could not be reasonably anticipated when the budget was prepared. Contingent events include developments that could be anticipated but not with enough certainty to make a reasonable estimate of budget costs, or where final costs are dependent on a pending decision by government or another party. This vote also provides for ex gratia payments and the funding of new programs initiated during the fiscal year. Costs may be recovered from the federal government and other parties external to the provincial government for activities funded by this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| General Programs | 4,000,000 | **5,000,000** |

---

---

| | | |
|:---|:---|:---|
| **CAPITAL EXPENDITURES** |  |  |
| Project Reserves | 100,000 | **50,000** |

---

**VOTE 49 — CAPITAL FUNDING**

**(Minister of Housing and Municipal Affairs; Minister of Infrastructure;**

**Minister of Tourism, Arts, Culture and Sport; and Minister of Finance)**

This vote provides for government transfers to government organizations as defined in the *Budget Transparency and Accountability Act* for the funding of capital expenditures, including the costs of land acquisition; new facility acquisition and construction; and existing facility renovation, improvement, and maintenance. Government transfers may only be made under this vote by the Minister of Housing and Municipal Affairs; the Minister of Infrastructure; and the Minister of Tourism, Arts, Culture and Sport to government organizations whose capital activities and expenditures fall within the respective portfolios of those ministers. The Minister of Finance may make government transfers under this vote to any government organization. The amount of this vote is allocated among responsible ministers as set out below. Treasury Board, by directive, may reallocate the amounts among responsible ministers to meet government priorities. Reallocation of these amounts may constitute a revision to the expected results for the ministers impacted, which must be made public within 90 days in accordance with the *Balanced Budget and Ministerial Accountability Act*. In addition to these allocations, the Minister of Finance has statutory authority to make capital grants to any government organization, and other votes may also provide for transfers to government organizations for the funding of capital expenditures. Costs may be recovered from other levels of government contributing to capital expenditures for which transfers may be made under this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Schools (Minister of Infrastructure) | 1389634 | **1359330** |
| Health Facilities (Minister of Infrastructure) | 3997516 | **3019184** |
| Housing (Minister of Housing and Municipal Affairs) | 688425 | **791983** |
| Post-secondary Institutions (Minister of Infrastructure) | 929646 | **872974** |
| B.C. Pavilion Corporation (Minister of Tourism, Arts, Culture and Sport) | 59222 | **27279** |
| Royal British Columbia Museum (Minister of Infrastructure) | 94101 | **32416** |
| Other Capital Projects (Minister of Finance) | 100000 | **50000** |
|  | 7258544 | **6153166** |

---

**OTHER APPROPRIATIONS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

---

| | |
|:---|:---|
| **VOTE 50 — COMMISSIONS ON COLLECTION OF PUBLIC FUNDS** | **VOTE 50 — COMMISSIONS ON COLLECTION OF PUBLIC FUNDS** |
| &nbsp;&nbsp;&nbsp;**Minister of Agriculture and Food** | **Minister of Indigenous Relations and Reconciliation** |
| &nbsp;&nbsp;&nbsp;**Attorney General** | **Minister of Infrastructure** |
| &nbsp;&nbsp;&nbsp;**Minister of Children and Family Development** | **Minister of Jobs and Economic Growth** |
| &nbsp;&nbsp;&nbsp;**Minister of Citizens' Services** | **Minister of Labour** |
| &nbsp;&nbsp;&nbsp;**Minister of Education and Child Care** | **Minister of Mining and Critical Minerals** |
| &nbsp;&nbsp;&nbsp;**Minister of Emergency Management and Climate Readiness** | **Minister of Post-Secondary Education and Future Skills** |
| &nbsp;&nbsp;&nbsp;**Minister of Energy and Climate Solutions** | **Minister of Public Safety and Solicitor General** |
| &nbsp;&nbsp;&nbsp;**Minister of Environment and Parks** | **Minister of Social Development and Poverty Reduction** |
| &nbsp;&nbsp;&nbsp;**Minister of Finance** | **Minister of Tourism, Arts, Culture and Sport** |
| &nbsp;&nbsp;&nbsp;**Minister of Forests** | **Minister of Transportation and Transit** |
| &nbsp;&nbsp;&nbsp;**Minister of Health** | **Minister of Water, Land and Resource Stewardship** |

---

**Minister of Housing and Municipal Affairs**

This vote provides for recognition of payments to, or amounts withheld by, parties on account of commissions and/or remunerations for services provided to the government relating to the administration, collection, and management of revenue and accounts owed to the government as authorized under various statutes/regulations. This vote also provides for collection costs incurred by the Minister of Finance and the Ministry of Attorney General. The fees and commissions are deducted from the gross amount of revenues and accounts collected on behalf of government by means of a recovery to the vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Ministry of Agriculture and Food | 1 | **1** |
| Ministry of Attorney General | 6080 | **6350** |
| Ministry of Children and Family Development | 1 | **1** |
| Ministry of Citizens' Services | 945 | **945** |
| Ministry of Education and Child Care | 1 | **1** |
| Ministry of Emergency Management and Climate Readiness | 1 | **1** |
| Ministry of Energy and Climate Solutions | 1 | **1** |
| Ministry of Environment and Parks | 1 | **1** |
| Ministry of Finance | 83000 | **83000** |
| Ministry of Forests | 366 | **366** |
| Ministry of Health | 2 | **2** |
| Ministry of Housing and Municipal Affairs | 2 | **2** |
| Ministry of Indigenous Relations and Reconciliation | 1 | **1** |
| Ministry of Infrastructure | 1 | **1** |
| Ministry of Jobs and Economic Growth | 1 | **1** |
| Ministry of Labour | 1 | **1** |
| Ministry of Mining and Critical Minerals | 1 | **1** |
| Ministry of Post-Secondary Education and Future Skills | 1 | **1** |
| Ministry of Public Safety and Solicitor General |  | **1** |
| Ministry of Social Development and Poverty Reduction | 480 | **480** |
| Ministry of Tourism, Arts, Culture and Sport | 1 | **1** |
| Ministry of Transportation and Transit | 1 | **1** |
| Ministry of Water, Land and Resource Stewardship | 881 | **881** |
| Recoveries | (91769) | **(92040)** |
|  | 1 | **1** |

---

**OTHER APPROPRIATIONS**

**VOTE DESCRIPTIONS**

*($000)*

 

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

---

| | |
|:---|:---|
| **VOTE 51 — ALLOWANCES FOR DOUBTFUL REVENUE ACCOUNTS** | **VOTE 51 — ALLOWANCES FOR DOUBTFUL REVENUE ACCOUNTS** |
| &nbsp;&nbsp;&nbsp;**Minister of Agriculture and Food** | **Minister of Indigenous Relations and Reconciliation** |
| &nbsp;&nbsp;&nbsp;**Attorney General** | **Minister of Infrastructure** |
| &nbsp;&nbsp;&nbsp;**Minister of Children and Family Development** | **Minister of Jobs and Economic Growth** |
| &nbsp;&nbsp;&nbsp;**Minister of Citizens' Services** | **Minister of Labour** |
| &nbsp;&nbsp;&nbsp;**Minister of Education and Child Care** | **Minister of Mining and Critical Minerals** |
| &nbsp;&nbsp;&nbsp;**Minister of Emergency Management and Climate Readiness** | **Minister of Post-Secondary Education and Future Skills** |
| &nbsp;&nbsp;&nbsp;**Minister of Energy and Climate Solutions** | **Minister of Public Safety and Solicitor General** |
| &nbsp;&nbsp;&nbsp;**Minister of Environment and Parks** | **Minister of Social Development and Poverty Reduction** |
| &nbsp;&nbsp;&nbsp;**Minister of Finance** | **Minister of Tourism, Arts, Culture and Sport** |
| &nbsp;&nbsp;&nbsp;**Minister of Forests** | **Minister of Transportation and Transit** |
| &nbsp;&nbsp;&nbsp;**Minister of Health** | **Minister of Water, Land and Resource Stewardship** |

---

**Minister of Housing and Municipal Affairs**

This vote provides for allowances for doubtful collection of revenue accounts owed to the government as authorized under various statutes/regulations. The allowances for doubtful collections of revenue accounts are deducted from gross revenues by means of a recovery to the vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Ministry of Agriculture and Food | 1 | **1** |
| Ministry of Attorney General | 6907 | **7932** |
| Ministry of Children and Family Development | 50 | **50** |
| Ministry of Citizens' Services | 2 | **2** |
| Ministry of Education and Child Care | 1 | **1** |
| Ministry of Emergency Management and Climate Readiness | 1 | **1** |
| Ministry of Energy and Climate Solutions | 1 | **1** |
| Ministry of Environment and Parks | 50 | **50** |
| Ministry of Finance | 82814 | **120400** |
| Ministry of Forests | 5000 | **5000** |
| Ministry of Health | 4501 | **4501** |
| Ministry of Housing and Municipal Affairs | 2 | **2** |
| Ministry of Indigenous Relations and Reconciliation | 1 | **1** |
| Ministry of Infrastructure | 1 | **1** |
| Ministry of Jobs and Economic Growth | 1 | **1** |
| Ministry of Labour | 1 | **1** |
| Ministry of Mining and Critical Minerals | 1 | **1** |
| Ministry of Post-Secondary Education and Future Skills | 1 | **1** |
| Ministry of Public Safety and Solicitor General |  | **1** |
| Ministry of Social Development and Poverty Reduction | 8029 | **8029** |
| Ministry of Tourism, Arts, Culture and Sport | 1 | **1** |
| Ministry of Transportation and Transit | 10 | **10** |
| Ministry of Water, Land and Resource Stewardship | 602 | **602** |
| Recoveries | (107977) | **(146589)** |
|  | 1 | **1** |

---

**OTHER APPROPRIATIONS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 52 — TAX TRANSFERS**

**(Minister of Finance)**

This vote provides for payment of refundable tax credits under the *Income Tax Act*. The BC Family Bonus program included in Other Personal Income Tax Credits also incorporates amounts paid to the federal government for administering the program.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Climate Action Tax Credit | 1025000 | **—** |
| BC Family Benefit | 582000 | **520000** |
| Renters Tax Credit | 206000 | **232000** |
| Sales Tax Credit | 45000 | **42000** |
| Small Business Venture Capital Tax Credit | 45000 | **40000** |
| Other Personal Income Tax Credits | 134000 | **258000** |
| Film and Television Tax Credit | 162500 | **176300** |
| Production Services Tax Credit | 861800 | **751300** |
| Scientific Research and Experimental Development Tax Credit | 121300 | **150300** |
| Interactive Digital Media Tax Credit | 141300 | **162500** |
| Clean Buildings Tax Credit | 1000 | **1000** |
| Manufacturing and Processing Tax Credit |  | **55000** |
| Other Corporate Income Tax Credits | 83100 | **77600** |
|  | 3408000 | **2466000** |

---

**OTHER APPROPRIATIONS**

**VOTE DESCRIPTIONS**

*($000)*

---

| | |
|:---|:---|
| Estimates | **Estimates** |
| 2025/26 | **2026/27** |

---

**VOTE 53 — FOREST PRACTICES BOARD**

**(Minister of Forests)**

This vote provides for the operations of the Forest Practices Board, including independent audits and special investigations of forest and range practices, investigation of public complaints, and administrative appeals. Costs may be recovered from ministries, other entities within government, other levels of government, agencies, and organizations for activities described within this vote.

---

| | | |
|:---|:---|:---|
| **OPERATING EXPENSES** | | |
| Forest Practices Board | 4,162 | **4,062** |

---

**GROUP ACCOUNT CLASSIFICATION SUMMARY**

---

| | | |
|:---|:---|:---|
| **GROUP ACCOUNT CLASSIFICATION** | | |
| Salaries and Benefits | 2776 | **2776** |
| Operating Costs | 1386 | **1286** |
| Government Transfers | 10666544 | **8619166** |
| Other Expenses | 4199761 | **5238644** |
| Internal Recoveries | (1) | **(1)** |
| External Recoveries | (199758) | **(238641)** |
| **TOTAL OPERATING EXPENSES** | 14670708 | **13623230** |

---

**This page intentionally left blank.**

**SCHEDULES**

A - General Fund Operating Expenses and Capital Expenditures Reconciliation - 2025/26

B - General Fund Special Accounts Summary

C - Financing Transactions - Capital Expenditures

D - Financing Transactions - Loans, Investments and Other Requirements

E - Financing Transactions - Revenue Collected for, and Transferred to, Other Entities

F - Summary of Ministerial Accountability for Operating Expenses

G - Estimated Consolidated Revenue Fund Operating Result

H - Major Service Delivery Agencies Estimated Revenues and Expenses

I - Estimated Taxpayer-supported Staff Utilization (FTEs)

**This page intentionally left blank.**

---

| | |
|:---|:---|
| ESTIMATES, 26/27 | 211 |
| **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br> Expenses | Capital<br> Expenditures |
|  | *($000)* | *($000)* |
| **Office of the Premier** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **18450** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (638) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (39) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | (146) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **17627** | **3** |
| **Agriculture and Food** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **142977** | **853** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | 158 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Public Safety and Solicitor General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | 10935 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (2229) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services (686) | (686) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **151155** | **853** |
| **Attorney General** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **900044** | **9891** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | 523 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (26141) | (275) |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (2488) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Public Safety and Solicitor General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | (284) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **871654** | **9616** |
| **Children and Family Development** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **2442836** | **2230** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (34528) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (7816) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **2400492** | **2230** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | | |
|:---|:---|:---|
| 212 | ESTIMATES, 26/27 |  |
|  | **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br>Expenses | Capital<br>Expenditures |
|  | *($000)* | *($000)* |
| **Citizens' Services** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **705355** | **329287** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Agriculture and Food |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 2229 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Attorney General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 26141 | 275 |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Children and Family Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 34528 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Education and Child Care |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 50287 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Emergency Management and Climate Readiness |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 7731 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Energy and Climate Solutions |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 4392 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Environment and Parks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 6228 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 49037 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | 877 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Forests |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 11589 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August 2025 Government Reorganization | 8102 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 115375 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Housing and Municipal Affairs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 6515 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Indigenous Relations and Reconciliation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 705 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Infrastructure |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 764 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Jobs and Economic Growth |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 3410 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Labour |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 1642 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Mining and Critical Minerals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 3368 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Post-Secondary Education and Future Skills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 4600 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Public Safety and Solicitor General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 17838 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Social Development and Poverty Reduction |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 38023 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Tourism, Arts, Culture and Sport |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 616 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Transportation and Transit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 13129 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Water, Land and Resource Stewardship |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 18237 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Office of the Premier |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | 638 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (5853) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Infrastructure |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Property Division | (366659) | (166609) |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **758844** | **162953** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | |
|:---|:---|
| ESTIMATES, 26/27 | 213 |
| **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br>Expenses | Capital<br>Expenditures |
|  | *($000)* | *($000)* |
| **Education and Child Care** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **9827605** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (50287) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (2320) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **9774998** | **3** |
| **Emergency Management and Climate Readiness** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **125127** | **53** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (7731) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (1594) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **115802** | **53** |
| **Energy and Climate Solutions** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **112095** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (4392) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (234) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **107469** | **3** |
| **Environment and Parks** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **221476** | **32956** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (6228) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (1389) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **213859** | **32956** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | | |
|:---|:---|:---|
| 214 | ESTIMATES, 26/27 |  |
|  | **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br>Expenses | Capital<br>Expenditures |
|  | *($000)* | *($000)* |
| **Finance** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **1533864** | **310** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Agriculture and Food |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 686 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Attorney General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 2488 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Children and Family Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 7816 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 5853 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Education and Child Care |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 2320 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Emergency Management and Climate Readiness |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 1594 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Energy and Climate Solutions |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 234 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Environment and Parks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 1389 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Forests |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 5172 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 4049 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Housing and Municipal Affairs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 852 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Indigenous Relations and Reconciliation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 221 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Infrastructure |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 612 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Jobs and Economic Growth |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | 6361 |  |
| &nbsp;&nbsp;&nbsp;Ministry HR Services | 935 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer from Ministry of Labour |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 143 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Mining and Critical Minerals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 187 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Post-Secondary Education and Future Skills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 1461 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Public Safety and Solicitor General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 4529 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Social Development and Poverty Reduction |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 3521 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Tourism, Arts, Culture and Sport |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 68 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Transportation and Transit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 1334 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Water, Land and Resource Stewardship |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 1789 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Office of the Premier |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | 39 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | 146 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Agriculture and Food |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | (158) | **—** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Attorney General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | (523) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (49037) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | (877) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **1537068** | **310** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | |
|:---|:---|
| ESTIMATES, 26/27 | 215 |
| **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br> Expenses  | Capital<br> Expenditures |
|  | *($000)* | *($000)* |
| **Forests** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **890778** | **118508** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Jobs and Economic Growth |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | 20366 |  |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Water, Land and Resource Stewardship |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | 3861 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (11589) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (5172) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **898244** | **118508** |
| **Health** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **35144178** | **30** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August 2025 Government Reorganization | (8102) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (115375) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (4049) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **35016652** | **30** |
| **Housing and Municipal Affairs** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **1541971** | **1816** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Social Development and Poverty Reduction |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | 87 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (6515) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (852) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **1534691** | **1816** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | | |
|:---|:---|:---|
| 216 | ESTIMATES, 26/27 |  |
|  | **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br>Expenses | Capital<br>Expenditures |
|  | *($000)* | *($000)* |
| **Indigenous Relations and Reconciliation** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **186958** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (705) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (221) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **186032** | **3** |
| **Infrastructure** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **55332** | **34503** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Property Division | 366659 | 166609 |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (764) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (612) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Post-Secondary Education and Future Skills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | (30) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **420585** | **201112** |
| **Jobs and Economic Growth (formerly Jobs, Economic Development and Innovation)** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **116723** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (3410) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | (6361) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (935) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Forests |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | (20366) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **85651** | **3** |
| **Labour** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **25986** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (1642) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (143) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **24201** | **3** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

---

| | |
|:---|:---|
| ESTIMATES, 26/27 | 217 |
| **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br>Expenses | Capital<br>Expenditures |
|  | *($000)* | *($000)* |
| **Mining and Critical Minerals** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **61012** | **548** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (3368) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (187) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **57457** | **548** |
| **Post-Secondary Education and Future Skills** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **3515868** | **504** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Infrastructure |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | 30 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (4600) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (1461) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **3509837** | **504** |
| **Public Safety and Solicitor General** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **1137182** | **4701** |
| &nbsp;&nbsp;&nbsp;Transfer from Ministry of Attorney General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | 284 |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Agriculture and Food |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2025 Government Reorganization | (10935) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (17838) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (4529) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **1104164** | **4701** |
| **Social Development and Poverty Reduction** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **5747116** | **1854** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (38023) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (3521) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Housing and Municipal Affairs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of staff and funding | (87) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **5705485** | **1854** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **GENERAL FUND** | **Schedule A** |
| **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** | **OPERATING EXPENSES AND CAPITAL EXPENDITURES RECONCILIATION — 2025/26<sup>1</sup>** |

---

---

| | | |
|:---|:---|:---|
|  | Operating<br> Expenses | Capital<br> Expenditures |
|  | *($000)* | *($000)* |
| **Tourism, Arts, Culture and Sport** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **191478** | **3** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (616) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (68) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **190794** | **3** |
| **Transportation and Transit** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **1191816** | **3135** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (13129) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (1334) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **1177353** | **3135** |
| **Water, Land and Resource Stewardship** |  |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Estimates | **221318** | **333** |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Citizens' Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 2025 Government Reorganization | (18237) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ministry HR Services | (1789) |  |
| &nbsp;&nbsp;&nbsp;Transfer to Ministry of Forests |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reassignment of funding | (3861) |  |
| Total Operating Expenses and Capital Expenditures — 2025/26 Restated | **197431** | **333** |
| **All Special Offices, Ministries and Other Appropriations** |  |  |
| Total Consolidated Revenue Fund Operating Expenses and Capital Expenditures — 2025/26 Estimates | **83729000** | **653158** |
| Total Transfers from Special Offices, Ministries and Other Appropriations | 882703 | 166884 |
| Total Transfers to Special Offices, Ministries and Other Appropriations | (882703) | (166884) |
| Total General Fund Operating Expenses and Capital Expenditures — 2025/26 Restated | **83729000** | **653158** |

---

<sup>1</sup> The transfers for the July, August and October 2025 government reorganizations reflect the reallocation of resources as a result of a *Constitution Act* Order in Council. All other transfers or adjustments were initiated by ministries.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **GENERAL FUND SPECIAL ACCOUNTS SUMMARY** | **Schedule B** |

---

(for the Fiscal Year Ending March 31, 2027)

*($000)*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | Operating Transactions | Operating Transactions | | | | | |
|  | **Spending**<br>**Authority**<br>**Available**<br>**April 1, 2026** | Revenue | Expense | Transfer<br>from (to)<br>General<br>Fund<sup>2</sup> | Financing<br>Transactions<br>Receipts<br>(Disbursements) | <br>Capital<br>Expense | <br>Working<br>Capital<br>Adjustment<sup>3</sup> | **Spending**<br>**Authority**<br>**Available**<br>**March 31, 2027** |
| **Special Accounts<sup>1</sup>** |  |  |  |  |  |  |  |  |
| BC Arts and Culture Endowment special account | **14510** | 4830 | (4230) |  |  |  |  | **15110** |
| BC Timber Sales Account | **860357** | 275589 | (267506) | (60000) | (88748) | (43716) | 147761 | **823737** |
| British Columbia Strategic Investments | **400000** |  | (37200) |  | (1) |  |  | **362799** |
| British Columbia Training and Education Savings Program | **412513** | 9704 | (30001) |  |  |  |  | **392216** |
| Civil Forfeiture Account | **22210** |  | (437) |  |  |  | 6 | **21779** |
| Corrections Work Program Account | **1724** | 1350 | (781) |  |  |  |  | **2293** |
| Criminal Asset Management Fund | **2733** |  |  |  |  |  |  | **2733** |
| Crown Land special account | **50000** | 95442 | (500) | (94942) |  |  |  | **50000** |
| First Citizens Fund | **1039** | 2209 | (2209) |  |  |  |  | **1039** |
| First Nations Clean Energy Business Fund special account | **19967** | 10582 | (10582) |  |  |  |  | **19967** |
| First Nations Equity Financing special account | **10000** |  |  |  |  |  |  | **10000** |
| Forest Stand Management Fund | **17236** |  |  |  |  |  |  | **17236** |
| Health Special Account | **—** | 147250 | (147250) |  |  |  |  | **—** |
| Housing Endowment Fund special account | **94483** | 12884 | (12884) |  |  |  |  | **94483** |
| Housing Priority Initiatives special account | **1401662** | 480843 | (480843) |  |  |  |  | **1401662** |
| Innovative Clean Energy Fund special account | **10487** | 7500 | (8735) |  |  |  |  | **9252** |
| Insurance and Risk Management Account | **749768** | 23273 | (6303) |  |  |  | 50 | **766788** |
| Long Term Disability Fund special account | **989483** | 95935 | (77176) |  |  |  |  | **1008242** |
| Northern Development Fund | **919** | 500 | (500) |  |  |  |  | **919** |
| Park Enhancement Fund special account | **25443** | 19300 | (19300) |  |  | (400) |  | **25043** |
| Physical Fitness and Amateur Sports Fund | **2594** | 1200 | (1200) |  |  |  |  | **2594** |
| Production Insurance Account | **22196** | 64125 | (41504) |  |  |  |  | **44817** |
| Provincial Home Acquisition Wind Up special account | **15463** | 4 | (10) |  |  |  |  | **15457** |
| Public Guardian and Trustee Operating Account | **21481** | 12482 | (12482) |  |  | (363) | 371 | **21489** |
| Sustainable Environment Fund | **17251** | 29190 | (28690) |  |  |  |  | **17751** |
| *Teachers Act* Special Account | **2739** | 8915 | (9174) |  |  |  |  | **2480** |
| University Endowment Lands Administration Account | **19314** | 16517 | (16517) |  |  | (6117) | 449 | **13646** |
| Victim Surcharge Special Account | **24928** | 12000 | (13504) |  |  |  |  | **23424** |
|  | **5210500** | **1331624** | **(1229518)** | **(154942)** | **(88749)** | **(50596)** | **148637** | **5166956** |
| **Transfers from Voted Appropriations to Special Accounts<sup>4</sup>** |  |  |  |  |  |  |  |  |
| Long Term Disability Fund special account | **—** | (38228) | 38228 |  |  |  |  | **—** |
| Production Insurance Account | **—** | (20295) | 20295 |  |  |  |  | **—** |
| Public Guardian and Trustee Operating Account | **—** | (12482) | 12482 |  |  |  |  | **—** |
|  | **—** | **(71005)** | **71005** | **—** | **—** | **—** | **—** | **—** |
| **Total Special Accounts (net of transfers)** | **5210500** | **1260619** | **(1158513)** | **(154942)** | **(88749)** | **(50596)** | **148637** | **5166956** |

---

<sup>1</sup> A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the *Supply Act*.

<sup>2</sup> Transfers from (to) the General Fund consist of changes in statutory spending authority.

<sup>3</sup> Working Capital Adjustments include those adjustments that would change the cash balance of the Special Account. This may include amortization expense, changes in accounts receivable and payable, and the recognition of deferred revenues.

<sup>4</sup> Transfers from Voted Appropriations to Special Accounts are eliminated to establish the amount of special account expenses that require statutory appropriations. This net amount of special account expense is then deducted from total expenses in the determination of the *Supply Act* requirements.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **FINANCING TRANSACTIONS** | **Schedule C** |

---

**CAPITAL EXPENDITURES**

(for the Fiscal Year ending March 31, 2027)

*($000)*

The allocation of the total voted appropriations among special offices, ministries, and other appropriations is shown for information and planning purposes only. The amounts disclosed for Special Accounts are subject to the available spending authority within each account. Treasury Board may reallocate the total voted appropriations among special offices, ministries, and other appropriations. No reallocation may result in the total voted appropriations set out in this Schedule being exceeded.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |<br>Capital<br>Expenditures |<br>P3 Liabilities |<br>Disbursements |<br>Receipts | **Net Cash**<br>**Requirement**<br>**(Source)** |
| **SUMMARY** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Voted Appropriations | 432430 |  | 432430 |  | **432430** |
| &nbsp;&nbsp;&nbsp;Special Accounts <sup>1</sup> | 50596 |  | 50596 |  | **50596** |
| &nbsp;&nbsp;&nbsp;Service Delivery Agencies | 13180716 | (92) | 13180624 | (2002047) | **11178577** |
| **Total** | **13663742** | **(92)** | **13663650** | **(2002047)** | **11661603** |
| &nbsp;&nbsp;&nbsp;Legislative Assembly | 12591 |  | 12591 |  | **12591** |
| &nbsp;&nbsp;&nbsp;Officers of the Legislature | 1069 |  | 1069 |  | **1069** |
| &nbsp;&nbsp;&nbsp;Office of the Premier | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Agriculture and Food | 922 |  | 922 |  | **922** |
| &nbsp;&nbsp;&nbsp;Ministry of Attorney General | 7318 |  | 7318 |  | **7318** |
| &nbsp;&nbsp;&nbsp;Ministry of Children and Family Development | 2230 |  | 2230 |  | **2230** |
| &nbsp;&nbsp;&nbsp;Ministry of Citizens' Services | 142581 |  | 142581 |  | **142581** |
| &nbsp;&nbsp;&nbsp;Ministry of Education and Child Care | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Emergency Management and Climate Readiness | 53 |  | 53 |  | **53** |
| &nbsp;&nbsp;&nbsp;Ministry of Energy and Climate Solutions | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Environment and Parks | 33194 |  | 33194 |  | **33194** |
| &nbsp;&nbsp;&nbsp;Ministry of Finance | 180 |  | 180 |  | **180** |
| &nbsp;&nbsp;&nbsp;Ministry of Forests | 93895 |  | 93895 |  | **93895** |
| &nbsp;&nbsp;&nbsp;Ministry of Health | 30 |  | 30 |  | **30** |
| &nbsp;&nbsp;&nbsp;Ministry of Housing and Municipal Affairs | 6120 |  | 6120 |  | **6120** |
| &nbsp;&nbsp;&nbsp;Ministry of Indigenous Relations and Reconciliation | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Infrastructure | 122001 |  | 122001 |  | **122001** |
| &nbsp;&nbsp;&nbsp;Ministry of Jobs and Economic Growth | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Labour | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Mining and Critical Minerals | 548 |  | 548 |  | **548** |
| &nbsp;&nbsp;&nbsp;Ministry of Post-Secondary Education and Future Skills | 504 |  | 504 |  | **504** |
| &nbsp;&nbsp;&nbsp;Ministry of Public Safety and Solicitor General | 4447 |  | 4447 |  | **4447** |
| &nbsp;&nbsp;&nbsp;Ministry of Social Development and Poverty Reduction | 1854 |  | 1854 |  | **1854** |
| &nbsp;&nbsp;&nbsp;Ministry of Tourism, Arts, Culture and Sport | 3 |  | 3 |  | **3** |
| &nbsp;&nbsp;&nbsp;Ministry of Transportation and Transit | 3135 |  | 3135 |  | **3135** |
| &nbsp;&nbsp;&nbsp;Ministry of Water, Land and Resource Stewardship | 333 |  | 333 |  | **333** |
| &nbsp;&nbsp;&nbsp;Project Reserves <sup>2</sup> | 50000 |  | 50000 |  | **50000** |
| **General Fund Total <sup>3</sup>** | **483026** | **—** | **483026** | **—** | **483026** |
| &nbsp;&nbsp;&nbsp;Health Facilities | 3795904 | (92) | 3795812 | (762171) | **3033641** |
| &nbsp;&nbsp;&nbsp;Schools | 1502607 |  | 1502607 | (51441) | **1451166** |
| &nbsp;&nbsp;&nbsp;Post-secondary Institutions | 1656767 |  | 1656767 | (225716) | **1431051** |
| &nbsp;&nbsp;&nbsp;Transportation | 5116320 |  | 5116320 | (912283) | **4204037** |
| &nbsp;&nbsp;&nbsp;Social Housing | 913949 |  | 913949 | (100) | **913849** |
| &nbsp;&nbsp;&nbsp;Other | 195169 |  | 195169 | (50336) | **144833** |
| **Service Delivery Agencies Total <sup>4</sup>** | **13180716** | **(92)** | **13180624** | **(2002047)** | **11178577** |
| **Total** | **13663742** | **(92)** | **13663650** | **(2002047)** | **11661603** |

---

<sup>1</sup> The capital asset acquisitions of each special account are shown on the individual Special Account pages in the main section of the *2026/27 Estimates.*

<sup>2</sup> Administered by the Minister of Finance.

<sup>3</sup> The allocation of the total voted appropriations among categories of capital expenditures is available in the Supplement to the Estimates.

<sup>4</sup> Capital expenditures of service delivery agencies are disclosed for information purposes only.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **FINANCING TRANSACTIONS** | **Schedule D** |
| **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>1</sup>** | **LOANS, INVESTMENTS AND OTHER REQUIREMENTS <sup>1</sup>** |
| (for the Fiscal Year Ending March 31, 2027) | (for the Fiscal Year Ending March 31, 2027) |
| *($000)* | *($000)* |

---

The allocation of the total voted disbursements among special offices, ministries, and other appropriations, or among categories of loans, investments and other requirements, is shown for information and planning purposes only. The amounts disclosed for Special Accounts are subject to the available spending authority within each account. Treasury Board may reallocate the total voted disbursements among special offices, ministries, and other appropriations. No reallocation may result in the total voted disbursements set out in this Schedule being exceeded.

---

| | | | |
|:---|:---|:---|:---|
|  |<br>Receipts |<br>Disbursements | **Net Cash**<br>**Requirement**<br>**(Source)** |
| **SUMMARY** |  |  |  |
| &nbsp;&nbsp;&nbsp;Voted Appropriations | (262632) | 1018983 | **756351** |
| &nbsp;&nbsp;&nbsp;Special Accounts |  | 88749 | **88749** |
| &nbsp;&nbsp;&nbsp;Service Delivery Agencies |  | 1251000 | **1251000** |
| **Total** | **(262632)** | **2358732** | **2096100** |
| **Ministry of Children and Family Development** |  |  |  |
| &nbsp;&nbsp;&nbsp;Human Services Providers Financing Program — Repayments of outstanding loans | (31) |  | **(31)** |
| **Ministry of Energy and Climate Solutions** |  |  |  |
| &nbsp;&nbsp;&nbsp;Greenhouse Gas Emissions Offset — Purchase of greenhouse gas emissions offsets |  | 10000 | **10000** |
| **Ministry of Finance** |  |  |  |
| &nbsp;&nbsp;&nbsp;International Fuel Tax Agreement (*Motor Fuel Tax Act*) — Moneys collected for, and transferred to, other jurisdictions | (18500) | 8500 | **(10000)** |
| &nbsp;&nbsp;&nbsp;*Land Tax Deferment Act* — Repayments of outstanding loans and payments to local governments for property taxes | (120000) | 505000 | **385000** |
| &nbsp;&nbsp;&nbsp;*Local Government Act* — Repayments of outstanding loans and payments of new loans to Improvement Districts by the Province to purchase capital assets | (2000) | 2000 | **—** |
| &nbsp;&nbsp;&nbsp;Reconstruction Loan Portfolio — Repayments of outstanding loans and payments of new loans | (1500) |  | **(1500)** |
| &nbsp;&nbsp;&nbsp;StudentAid BC Loan Program — Repayments of outstanding loans and payments of new loans | (120000) | 432300 | **312300** |
| **Ministry of Forests** |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Timber Sales Account Special Account — Development of timber for sale in future years |  | 88748 | **88748** |
| **Ministry of Indigenous Relations and Reconciliation** |  |  |  |
| &nbsp;&nbsp;&nbsp;Land Transfers — Acquisition of land and other assets for future final agreements |  | 50000 | **50000** |
| **Ministry of Infrastructure** |  |  |  |
| &nbsp;&nbsp;&nbsp;Real Estate Development — Development and disposal of strategic infrastructure projects | (1) | 1 | **—** |
| &nbsp;&nbsp;&nbsp;Strategic Real Estate Services — Development and sale of surplus properties/buildings | (600) | 4200 | **3600** |
| **Ministry of Jobs and Economic Growth** |  |  |  |
| &nbsp;&nbsp;&nbsp;British Columbia Strategic Investments Special Account — Strategic investments on provincial priority projects and activities |  | 1 | **1** |
| **Ministry of Tourism, Arts, Culture and Sport** |  |  |  |
| &nbsp;&nbsp;&nbsp;Tourism Development — Development of land for sale in future years |  | 600 | **600** |
| **Ministry of Water, Land and Resource Stewardship** |  |  |  |
| &nbsp;&nbsp;&nbsp;Crown Land Administration — Development of land for sale in future years |  | 6382 | **6382** |
| **General Fund Total** | (262632) | 1107732 | **845100** |
| **Service Delivery Agencies <sup>2</sup>** |  | 1251000 | **1251000** |
| **Total** | **(262632)** | **2358732** | **2096100** |

---

<sup>1</sup> Further information on these financing transactions is included in the relevant ministry section of the Estimates.

<sup>2</sup> The total net cash requirement (source) for service delivery agency financing transactions is disclosed for information purposes only.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **FINANCING TRANSACTIONS** | **Schedule E** |

---

**REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES <sup>1</sup>**

(for the Fiscal Year Ending March 31, 2027)

*($000)*

The estimated total voted disbursements among special offices, ministries, and other appropriations for revenue collected for, and transferred to, other entities are shown in the schedule below. Actual disbursements may vary depending on the amount of receipts in each program area and may exceed the estimated amounts to the extent authorized by other appropriations.

---

| | | | |
|:---|:---|:---|:---|
|  |<br>Receipts |<br>Disbursements | **Net Cash**<br>**Requirements**<br>**(Source)** |
| **Ministry of Energy and Climate Solutions** |  |  |  |
| &nbsp;&nbsp;&nbsp;British Columbia Energy Regulator | (55880) | 55880 | ─ |
| **Ministry of Finance** |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Transit | (18000) | 18000 | ─ |
| &nbsp;&nbsp;&nbsp;BC Transportation Financing Authority | (468500) | 468500 | ─ |
| &nbsp;&nbsp;&nbsp;Cowichan Tribes | (5027) | 5027 | ─ |
| &nbsp;&nbsp;&nbsp;Municipalities or Eligible Entities | (188000) | 188000 | ─ |
| &nbsp;&nbsp;&nbsp;Rural Areas | (600000) | 600000 | ─ |
| &nbsp;&nbsp;&nbsp;South Coast British Columbia Transportation Authority | (409000) | 409000 | ─ |
| **Ministry of Indigenous Relations and Reconciliation** |  |  |  |
| &nbsp;&nbsp;&nbsp;British Columbia First Nations Gaming Revenue Sharing Limited Partnership | (97000) | 97000 | ─ |
| **Ministry of Water, Land and Resource Stewardship** |  |  |  |
| &nbsp;&nbsp;&nbsp;Habitat Conservation Trust | (6500) | 6500 | ─ |
| **General Fund Total** | **(1847907)** | **1847907** | ─ |

---

<sup>1</sup> Further information on these financing transactions is included in the relevant ministry section of the Estimates.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **SUMMARY OF MINISTERIAL ACCOUNTABILITY FOR OPERATING EXPENSES** | **Schedule F** |

---

(for the Fiscal Year Ending March 31, 2027)

*($000)*

Under section 3 of the *Balanced Budget and Ministerial Accountability Act* (BBMAA), each member of the Executive Council has 10 per cent of their salary held back, and restoration of a minister's holdback is contingent on that minister achieving individual goals as set out in section 5. For each minister with responsibility for operating expenses arising from a voted appropriation as accounted for in the Consolidated Revenue Fund, section 5(1) stipulates actual results for the year must not exceed the estimated amounts for that fiscal year.

In the table below, the "Minister Responsible" column lists the ministers with BBMAA section 5(1) assigned responsibilities. The "Voted Appropriations in the *2026/27 Estimates"* column shows the voted appropriations for which those ministers are responsible. The "Voted Appropriation Operating Expenses (net)" and "2026/27 Estimated Amount" columns show the dollar amounts of operating expenses (net) and estimated amounts allocated to ministers in the *2026/27 Estimates*.

---

| | | | |
|:---|:---|:---|:---|
| <br>**Minister Responsible** | <br>**Voted Appropriations in *2026/27 Estimates*** | **Voted Appropriation**<br>**Operating**<br>**Expenses (net)** | **2026/27**<br>**Estimated**<br>**Amount** |
| **Premier** | Office of the Premier | 15334 | 15334 |
| **Minister of Agriculture and Food** | Ministry of Agriculture and Food | 113512 | 113512 |
| **Attorney General** | Ministry of Attorney General | 896978 | 896978 |
| **Minister of Children and Family Development** | Ministry of Children and Family Development | 2711928 | 2711928 |
| **Minister of Citizens' Services** | Ministry of Citizens' Services | 741339 | 741339 |
| **Minister of Education and Child Care** | Ministry of Education and Child Care | 10029589 | 10029589 |
| **Minister of Emergency Management and Climate Readiness** | Ministry of Emergency Management and Climate Readiness | 110823 | 110823 |
| **Minister of Energy and Climate Solutions** | Ministry of Energy and Climate Solutions | 89684 | 89684 |
| **Minister of Environment and Parks** | Ministry of Environment and Parks | 166121 | 166121 |
| **Minister of Finance<sup>1</sup>** | Ministry of Finance | 526644 |  |
|  | Management of Public Funds and Debt | 3797749 |  |
|  | Contingencies | 5000000 |  |
|  | Capital Funding | 50000 |  |
|  | Commissions on Collection of Public Funds | 1 |  |
|  | Allowances for Doubtful Revenue Accounts | 1 |  |
|  | Tax Transfers | 2466000 | 11840395 |

---

<sup>1</sup> The Ministers of Finance; Housing and Municipal Affairs; Infrastructure; and Tourism, Arts, Culture and Sport each have operating expense accountability for a portion of the Capital Funding Vote. These accountabilities have been allocated according to the distribution shown in Vote 49.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **SUMMARY OF MINISTERIAL ACCOUNTABILITY FOR OPERATING EXPENSES (Continued)** | **Schedule F** |

---

(for the Fiscal Year Ending March 31, 2027)

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| <br>**Minister Responsible** | <br>**Voted Appropriations in *2026/27 Estimates*** | **Voted Appropriation**<br>**Operating**<br>**Expenses (net)** | **2026/27**<br>**Estimated**<br>**Amount** |
| **Minister of Forests** | Ministry of Forests | 642100 |  |
|  | Forest Practices Board | 4062 | 646162 |
| **Minister of Health** | Ministry of Health | 35968875 | 35968875 |
| **Minister of Housing and Municipal Affairs<sup>1</sup>** | Ministry of Housing and Municipal Affairs | 1683425 |  |
|  | Capital Funding | 791983 | 2475408 |
| **Minister of Indigenous Relations and Reconciliation** | Ministry of Indigenous Relations and Reconciliation | 180025 | 180025 |
| **Minister of Infrastructure<sup>1</sup>** | Ministry of Infrastructure | 420514 |  |
|  | Capital Funding | 5283904 | 5704418 |
| **Minister of Jobs and Economic Growth** | Ministry of Jobs and Economic Growth | 72704 | 72704 |
| **Minister of Labour** | Ministry of Labour | 23672 | 23672 |
| **Minister of Mining and Critical Minerals** | Ministry of Mining and Critical Minerals | 57304 | 57304 |
| **Minister of Post-Secondary Education and Future Skills** | Ministry of Post-Secondary Education and Future Skills | 3580561 | 3580561 |
| **Minister of Public Safety and Solicitor General** | Ministry of Public Safety and Solicitor General | 1085591 | 1085591 |
| **Minister of Social Development and Poverty Reduction** | Ministry of Social Development and Poverty Reduction | 5976762 | 5976762 |
| **Minister of Tourism, Arts, Culture and Sport<sup>1</sup>** | Ministry of Tourism, Arts, Culture and Sport | 183761 |  |
|  | Capital Funding | 27279 | 211040 |
| **Minister of Transportation and Transit** | Ministry of Transportation and Transit | 1196576 | 1196576 |
| **Minister of Water, Land and Resource Stewardship** | Ministry of Water, Land and Resource Stewardship | 201199 | 201199 |
|  | **Total Estimated Amount** |  | **84096000** |
|  | **Not Applicable** |  |  |
|  | Legislative Assembly | 140386 |  |
|  | Officers of the Legislature | 121101 |  |
|  | **Total Voted Appropriations** | **84357487** |  |

---

<sup>1</sup> The Ministers of Finance; Housing and Municipal Affairs; Infrastructure; and Tourism, Arts, Culture and Sport each have operating expense accountability for a portion of the Capital Funding Vote. These accountabilities have been allocated according to the distribution shown in Vote 49.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **ESTIMATED CONSOLIDATED REVENUE FUND OPERATING RESULT** <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**Schedule G** |

---

**GENERAL FUND**

*($000)*

 

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>2</sup> | Updated Forecast <sup>2</sup> |  | **Estimates** |
| 2025/26 | 2025/26 |  | **2026/27** |
|  |  | **Revenue Summary <sup>3</sup>** |  |
| 48800000 | 48293000 | Taxation revenue | **49784000** |
| 2449000 | 2064000 | Natural resource revenue | **2694000** |
| 1882580 | 4500488 | Other revenue | **1887903** |
| 11122000 | 10479000 | Contributions from the Federal government | **11058000** |
| 2122000 | 2050000 | Contributions from the self-supported Crown corporations | **2065000** |
| 66375580 | 67386488 | **Total General Fund Revenue** | **67488903** |
|  |  | **Expense Summary** <sup>4</sup>** |  |
| 138852 | 138852 | Legislative Assembly | **140386** |
| 99775 | 99775 | Officers of the Legislature | **121101** |
| 17627 | 17627 | Office of the Premier | **15334** |
| 151155 | 151155 | Ministry of Agriculture and Food | **134721** |
| 871654 | 871654 | Ministry of Attorney General | **896978** |
| 2400492 | 2400492 | Ministry of Children and Family Development | **2711928** |
| 758844 | 758844 | Ministry of Citizens' Services | **741339** |
| 9774998 | 9778998 | Ministry of Education and Child Care | **10068764** |
| 115802 | 441802 | Ministry of Emergency Management and Climate Readiness | **110823** |
| 107469 | 107469 | Ministry of Energy and Climate Solutions | **109001** |
| 213859 | 224417 | Ministry of Environment and Parks | **214111** |
| 1537068 | 1581883 | Ministry of Finance | **1144748** |
| 898244 | 1325197 | Ministry of Forests | **909606** |
| 35016652 | 35016652 | Ministry of Health | **36116125** |
| 1534691 | 1534691 | Ministry of Housing and Municipal Affairs | **1712826** |
| 186032 | 186032 | Ministry of Indigenous Relations and Reconciliation | **182234** |
| 420585 | 420585 | Ministry of Infrastructure | **420514** |
| 85651 | 85651 | Ministry of Jobs and Economic Growth | **110404** |
| 24201 | 24201 | Ministry of Labour | **23672** |
| 57457 | 70268 | Ministry of Mining and Critical Minerals | **57304** |
| 3509837 | 3509837 | Ministry of Post-Secondary Education and Future Skills | **3580561** |
| 1104164 | 1104164 | Ministry of Public Safety and Solicitor General | **1100313** |
| 5705485 | 5705485 | Ministry of Social Development and Poverty Reduction | **5976762** |
| 190794 | 190794 | Ministry of Tourism, Arts, Culture and Sport | **189191** |
| 1177353 | 1177353 | Ministry of Transportation and Transit | **1196576** |
| 197431 | 197431 | Ministry of Water, Land and Resource Stewardship | **201699** |
| 2762120 | 2886665 | Management of Public Funds and Debt | **3797749** |
| 14670708 | 12104026 | Other Appropriations | **13623230** |
| 83729000 | 82112000 | **Total Appropriations** | **85608000** |
| (24000) | (24000) | Elimination of transactions between appropriations <sup>5</sup> | **(23000)** |
|  | (31000) | Reversal of prior year over accruals | **—** |
| 83705000 | 82057000 | **Total General Fund Expense** | **85585000** |
| (17329420) | (14670512) | **General Fund Operating Result** | **(18096097)** |

---

<sup>1</sup> Figures other than appropriations have been rounded to the nearest million.

<sup>2</sup> The *2025/26 Estimates* and Updated Forecast amounts have been restated to be consistent with the *2026/27 Estimates* presentation. See Significant Presentation Changes in Summary Information section for details.

<sup>3</sup> Excludes revenue collected for, and transferred to, other entities (see Schedule E).

<sup>4</sup> Expenses are reported after deducting cost recoveries received from other entities within, and external to, the General Fund.

<sup>5</sup> Reflects payments made under an agreement where an expense from a voted appropriation is recorded as revenue by a special account.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **ESTIMATED CONSOLIDATED REVENUE FUND OPERATING RESULT** | **Schedule G** |

---

**BC PROSPERITY FUND**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>2</sup> | Updated Forecast <sup>2</sup> |  | **Estimates** |
| 2025/26 | 2025/26 |  | **2026/27** |
|  |  | &nbsp;&nbsp;**Revenue Summary** |  |
| 24420 | 21512 | &nbsp;&nbsp;Investment earnings | **19097** |
|  |  | &nbsp;&nbsp;Transfers from the General Fund | **—** |
| 24420 | 21512 | &nbsp;&nbsp;**Total BC Prosperity Fund Revenue** | **19097** |
|  |  | &nbsp;&nbsp;**Expense Summary** |  |
|  |  | &nbsp;&nbsp;Eliminating taxpayer-supported debt | **—** |
|  |  | &nbsp;&nbsp;Reducing cost burdens on families | **—** |
|  |  | &nbsp;&nbsp;Investing in health care, education and transportation | **—** |
|  |  | &nbsp;&nbsp;Other priorities | **—** |
|  |  | &nbsp;&nbsp;Transfers to the General Fund | **—** |
|  |  | &nbsp;&nbsp;**Total BC Prosperity Fund Expense** | **—** |
| 24420 | 21512 | &nbsp;&nbsp;**BC Prosperity Fund Operating Result** | **19097** |

---

**ESTIMATED CONSOLIDATED REVENUE FUND OPERATING RESULT** <sup>1</sup>

**CONSOLIDATED REVENUE FUND SUMMARY**

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates <sup>2</sup> | Updated Forecast <sup>2</sup> |  | **Estimates** |
| 2025/26 | 2025/26 |  | **2026/27** |
|  |  | &nbsp;&nbsp;**Revenue Summary <sup>3</sup>** |  |
| 66375580 | 67386488 | &nbsp;&nbsp;General Fund revenue | **67488903** |
| 24420 | 21512 | &nbsp;&nbsp;BC Prosperity Fund revenue | **19097** |
|  |  | &nbsp;&nbsp;Elimination of inter-fund transfers | **—** |
| 66400000 | 67408000 | &nbsp;&nbsp;**Total Consolidated Revenue Fund Revenue** | **67508000** |
|  |  | &nbsp;&nbsp;**Expense Summary** <sup>4</sup>** |  |
| 83705000 | 82057000 | &nbsp;&nbsp;General Fund expense | **85585000** |
|  |  | &nbsp;&nbsp;BC Prosperity Fund expense | **—** |
|  |  | &nbsp;&nbsp;Elimination of inter-fund transfers | **—** |
| 83705000 | 82057000 | &nbsp;&nbsp;**Total Consolidated Revenue Fund Expense** | **85585000** |
| (17305000) | (14649000) | &nbsp;&nbsp;**Consolidated Revenue Fund Operating Result** | **(18077000)** |

---

<sup>1</sup> Figures other than appropriations have been rounded to the nearest million.

<sup>2</sup> The *2025/26 Estimates* and Updated Forecast amounts have been restated to be consistent with the *2026/27 Estimates* presentation. See Significant Presentation Changes in Summary Information section for details.

<sup>3</sup> Excludes revenue collected for, and transferred to, other entities (see Schedule E).

<sup>4</sup> Expenses are reported after deducting cost recoveries received from other entities within, and external to, the Consolidated Revenue Fund.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **MAJOR SERVICE DELIVERY AGENCIES ESTIMATED REVENUES AND EXPENSES <sup>1</sup>** | **Schedule H** |

---

*($000)*

---

| | | | |
|:---|:---|:---|:---|
| Estimates | Updated Forecast |  | **Estimates** |
| 2025/26 | 2025/26 |  | **2026/27** |
|  |  | **School Districts** |  |
| 9407100 | 9614300 | &nbsp;&nbsp;&nbsp;Revenue | **9712500** |
| (9361200) | (9522700) | &nbsp;&nbsp;&nbsp;Expense | **(9605600)** |
| 45900 | 91600 |  | **106900** |
|  |  | **Universities** |  |
| 7442800 | 7335800 | &nbsp;&nbsp;&nbsp;Revenue | **7436700** |
| (7332700) | (7200900) | &nbsp;&nbsp;&nbsp;Expense | **(7349900)** |
| 110100 | 134900 |  | **86800** |
|  |  | **Colleges and Institutes** |  |
| 1782900 | 1813900 | &nbsp;&nbsp;&nbsp;Revenue | **1725400** |
| (1849500) | (1852900) | &nbsp;&nbsp;&nbsp;Expense | **(1778800)** |
| (66600) | (39000) |  | **(53400)** |
|  |  | **Health Authorities and Hospital Societies** |  |
| 30509000 | 30605000 | &nbsp;&nbsp;&nbsp;Revenue | **31297000** |
| (30509000) | (30605000) | &nbsp;&nbsp;&nbsp;Expense | **(31297000)** |
|  |  |  | **—** |
|  |  | **Community Living British Columbia** |  |
| 1847600 | 1854500 | &nbsp;&nbsp;&nbsp;Revenue | **1930700** |
| (1847600) | (1854500) | &nbsp;&nbsp;&nbsp;Expense | **(1930700)** |
|  |  |  | **—** |
|  |  | **British Columbia Housing Management Commission** |  |
| 2645700 | 2678100 | &nbsp;&nbsp;&nbsp;Revenue | **2476800** |
| (2568900) | (2534100) | &nbsp;&nbsp;&nbsp;Expense | **(2323500)** |
| 76800 | 144000 |  | **153300** |
|  |  | **B.C. Pavilion Corporation** |  |
| 169700 | 172800 | &nbsp;&nbsp;&nbsp;Revenue | **200900** |
| (183800) | (181400) | &nbsp;&nbsp;&nbsp;Expense | **(207500)** |
| (14100) | (8600) |  | **(6600)** |
|  |  | **British Columbia Transit** |  |
| 533100 | 508900 | &nbsp;&nbsp;&nbsp;Revenue | **558800** |
| (527200) | (508900) | &nbsp;&nbsp;&nbsp;Expense | **(558800)** |
| 5900 |  |  | **—** |
|  |  | **BC Transportation Financing Authority** |  |
| 715100 | 704500 | &nbsp;&nbsp;&nbsp;Revenue | **736000** |
| (2194000) | (2031900) | &nbsp;&nbsp;&nbsp;Expense | **(2396800)** |
| (1478900) | (1327400) |  | **(1660800)** |

---

<sup>1</sup> Figures have been rounded to the nearest one hundred thousand.

ESTIMATES, 26/27

---

| | |
|:---|:---|
| **ESTIMATED TAXPAYER-SUPPORTED STAFF UTILIZATION <sup>1</sup>** | **Schedule I** |

---

(for the Fiscal Year Ending March 31, 2027)

*(FTEs)*

---

| | | | |
|:---|:---|:---|:---|
| | Updated |  | |
| Estimates | Forecast <sup>2</sup> |  | **Estimates** |
| 2025/26 | 2025/26 |  | **2026/27** |
| 38900 | 37500 | Ministries and special offices (General Fund) | **37700** |
| 9486 | 10155 | Service delivery agencies <sup>3</sup> | **9369** |
| 48386 | 47655 | Total taxpayer-supported staff utilization | **47069** |

---

<sup>1</sup> Full-time equivalents (FTEs), a measure of staff employment, are calculated by dividing the total hours of employment paid for in a given period by the number of hours an individual full-time person would normally work in that period. This does not equate to the physical number of employees. For example, two half-time employees would equal one FTE; or alternatively three FTEs may represent two full-time employees who have worked sufficient overtime hours to equal an additional FTE.

<sup>2</sup> 2025/26 Forecast accounts for the estimated impact of hiring restrictions and job action.

<sup>3</sup> Service delivery agency FTE amounts do not include education and health sector organizations (SUCH sector) staff employment, per requirements of the *Budget Transparency and Accountability Act.*

ESTIMATES, 26/27

**EXPLANATORY NOTES ON THE GROUP ACCOUNT CLASSIFICATIONS**

**OPERATING EXPENSES**

Operating expenses for special offices, ministries, and other appropriations are presented in the Estimates based on a group account classification system. Each group account represents a broad category of expenses and is composed of specific components (standard object of expense). A supplementary publication, Supplement to the Estimates, provides details for each special office, ministry, and other appropriation at the standard object of expense level. Both publications can be found on the Government of British Columbia's budget website at <u>https://www.bcbudget.gov.bc.ca/</u>. The group account classification system is described below in more detail.

**Salaries and Benefits**

· *Base Salaries* - includes
 the cost of base salaries, overtime pay, and lump sum payments for all permanent and temporary
 direct employees of the government.

· *Supplementary Salary Costs* -
 includes the cost of extra pay for certain types of work, such as shift differential, premiums,
 and allowances.

· *Employee Benefits* - includes
 the cost of employer contributions to employee benefit plans, pensions, and other expenses
 related to employee salaries. Other benefits paid by the employer, such as relocation and
 transfer expenses, are also included.

· *Legislative Salaries and Indemnities* - includes the cost of the annual Members of the Legislative Assembly (MLA) indemnity
 and supplementary salaries as authorized under section 4 of the *Members' Remuneration and Pensions Act*. Salaries for the officers of the Legislature are also included.

**Operating Costs**

· *Boards, Commissions and Courts - Fees and Expenses* - includes fees paid to board and commission members, juries
 and witnesses, and related travel and out-of-pocket expenses.

· *Public Servant Travel* - includes
 travel expenses of direct government employees and officials on government business, including
 prescribed allowances.

· *Centralized Management Support Services* - includes central agency charges to ministries for services, such as legal services.

· *Professional Services* - includes
 fees and expenses for professional services rendered directly to government for the provision
 of goods and services in the delivery of government programs, the provision of goods or services
 that are required by statute or legislation and are billed directly to the government, and
 the provision of goods or services that will assist in the development of policy and/or programs
 or improve/change the delivery of programs, such as management consulting services.

· *Information Systems - Operating* - includes all contract fees and costs related to data, voice, image, and text
 processing operations and services, such as data and word processing, data communications
 charges, supplies, repairs, maintenance, and short-term rentals of information processing
 equipment.

· *Office and Business Expenses* -
 includes supplies and services required for the operation of offices.

· *Informational Advertising and Publications* - includes costs associated with non-statutory advertising and general publications.

· *Statutory Advertising and Publications* - includes costs associated with special notices and publications required by statute
 and regulations.

· *Utilities, Materials and Supplies* -
 includes the cost of services, such as the supply of water and electricity, materials, and
 supplies required for normal operation of government services and food for institutions.

· *Operating Equipment and Vehicles* -
 includes the costs associated with the repair and maintenance of government vehicles and
 operating machinery and equipment.

· *Non-Capital Roads and Bridges* –
 includes highway costs recovered from the BC Transportation Financing Authority, costs for
 minor enhancements to capitalized infrastructure, as well as non-highway road costs.

· *Amortization* – includes the
 amortization of the cost of capital assets and prepaid capital advances over their useful
 lives.

· *Building Occupancy Charges* -
 includes payments to the private sector for the rental and/or maintenance of buildings and
 office accommodation, including tenant improvements that do not meet the criteria for capitalization.

ESTIMATES, 26/27

**EXPLANATORY NOTES ON THE GROUP ACCOUNT CLASSIFICATIONS (Continued)**

**Government Transfers**

· *Transfers - Grants* -
 includes payments to individuals, businesses, non-profit associations, and other entities
 which may include stipulations as to the use of the funds and which are not entitlements
 or shared cost arrangements.

· *Transfers – Entitlements* -
 includes payments to individuals, businesses, and other entities where eligible recipients
 must be paid under statute or regulation once they meet all eligibility criteria, if any,
 outlined in the statute or regulation.

· *Transfers – Shared Cost Arrangements* - includes payments that are reimbursements to individuals, businesses, and other
 entities under the terms of a contract or agreement.

**Other Expenses**

· *Transfers Between Votes and Special Accounts* - includes transfers (payments) between a vote and a special account.

· *Interest on the Public Debt* -
 includes only interest payments on the direct provincial debt borrowed for government purposes.

· *Other Expenses* - includes
 expenses, such as financing costs, valuation allowances, and other expenses, which cannot
 be reasonably allocated to another standard object of expense.

**Internal Recoveries**

· *Recoveries Between Votes and Special Accounts* - includes recoveries between a vote and a special account.

· *Recoveries Within the Consolidated Revenue Fund* - includes recoveries for the use of equipment or the provision of
 goods and services between ministries of the provincial government.

**External Recoveries**

· *Recoveries Within the Government Reporting Entity* – includes costs and amounts recovered from government corporations, organizations,
 and agencies; the offset for commissions paid for the collection of government revenues and
 accounts; and the write-off of uncollectible revenue-related accounts.

· *Recoveries External to the Government Reporting Entity* - includes costs and amounts recovered from other governments
 and non-government organizations.

**CAPITAL EXPENDITURES**

Capital expenditures for special offices, ministries, and other appropriations are presented in the Estimates under Capital Expenditures and in Schedule C. The Supplement to the Estimates provides details for capital expenditures by each special office, ministry, and other appropriation based on the category of the assets acquired. The categorization of assets is described below.

&nbsp;&nbsp;&nbsp;&nbsp;· *Land* – includes the purchased
 or acquired value for parks and other recreation land, land directly associated with capitalized
 infrastructure (buildings, ferries, and bridges), but does not include land held for resale.

&nbsp;&nbsp;&nbsp;&nbsp;· *Land Improvements* –
 includes the capital costs for improvements to dams and water management systems and recreation
 areas.

&nbsp;&nbsp;&nbsp;&nbsp;· *Buildings* – includes
 the purchase, construction, or major improvement of buildings owned by the Consolidated Revenue
 Fund.

&nbsp;&nbsp;&nbsp;&nbsp;· *Specialized Equipment* –
 includes the purchase or capital lease cost of heavy equipment, such as tractors and trailers,
 as well as telecommunications relay towers and switching equipment.

&nbsp;&nbsp;&nbsp;&nbsp;· *Office Furniture and Equipment* – includes the cost or capital lease cost of office furniture and equipment.

· *Vehicles* – includes the purchase
 or capital lease cost of passenger, light truck, and utility vehicles.

· *Information Systems* – includes
 the purchase or capital lease cost of mainframe and other systems hardware, software, and
 related equipment.

· *Tenant Improvements* – includes
 the cost or capital lease cost of improvements to leased space.

· *Roads* – includes the capital
 costs for construction or major improvements of roads, highways, bridges, and ferries.

**This page intentionally left blank.**

![](tm265823d1_ex99-6img01.jpg)

## Exhibit 99.7

**Exhibit 99.7**

![](tm265823d1_ex99-7sp01img001.jpg)

**This page intentionally left blank.**

**Supplement to the Estimates**

Fiscal Year Ending March 31, 2027

**British Columbia Cataloguing in Publication Data**

British Columbia.

Estimates, fiscal year ending March 31. —1983 —

Annual

Continues: British Columbia. Ministry of Finance.

Estimates of revenue and expenditure. ISSN 0707-3046

Vols. For 1983 - have suppl.

Imprint varies: Ministry of Finance, 1983-1987: Ministry

Of Finance and Corporate Relations, 1988-June 2001:

Ministry of Finance, June 2001-

Also available on the Internet.

ISSN 0712-4597 = Estimates — Province of British Columbia

1. British Columbia — Appropriations and expenditures - Periodicals.

2. Budget — British Columbia - Periodicals.

3. Revenue — British Columbia - Periodicals.

I. British Columbia. Ministry of Finance.

II. British Columbia. Ministry of Finance and Corporate Relations.

III. Title.

HJ13.B742 354.7110072'225 C82-089032-4

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | PAGE |
| **Introduction** | 1 |
| **Summary Information** |  |
| General Fund Operating Expenses | 3 |
| General Fund Capital Expenditures | 7 |
| Operating Expenses by Standard Object | 11 |
| **Special Offices, Ministries and Other Appropriations Operating Expenses** |  |
| Legislative Assembly | 14 |
| Officers of the Legislature | 16 |
| Office of the Premier | 20 |
| Ministry of Agriculture and Food | 22 |
| Ministry of Attorney General | 24 |
| Ministry of Children and Family Development | 28 |
| Ministry of Citizens' Services | 30 |
| Ministry of Education and Child Care | 32 |
| Ministry of Emergency Management and Climate Readiness | 34 |
| Ministry of Energy and Climate Solutions | 36 |
| Ministry of Environment and Parks | 38 |
| Ministry of Finance | 40 |
| Ministry of Forests | 44 |
| Ministry of Health | 46 |
| Ministry of Housing and Municipal Affairs | 48 |
| Ministry of Indigenous Relations and Reconciliation | 50 |
| Ministry of Infrastructure | 52 |
| Ministry of Jobs and Economic Growth | 54 |
| Ministry of Labour | 56 |
| Ministry of Mining and Critical Minerals | 58 |
| Ministry of Post-Secondary Education and Future Skills | 60 |
| Ministry of Public Safety and Solicitor General | 62 |
| Ministry of Social Development and Poverty Reduction | 64 |
| Ministry of Tourism, Arts, Culture and Sport | 66 |
| Ministry of Transportation and Transit | 68 |
| Ministry of Water, Land and Resource Stewardship | 70 |
| Management of Public Funds and Debt | 72 |
| Other Appropriations | 74 |
| **Explanatory Notes on the Group Account Classifications** | 83 |

---

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**INTRODUCTION**

**GENERAL FUND OPERATING EXPENSES**

This publication provides summary and detailed General Fund expenses for special offices, ministries, and other appropriations. Expenses are classified by group accounts. These group accounts represent broad categories of expenses (Salaries and Benefits, Operating Costs, Government Transfers, Other Expenses, Internal Recoveries, and External Recoveries). Each group account is composed of several specific components of expenses referred to as standard objects of expense.

The data is presented in a series of columns. The first column provides the total comparable expense for 2025/26. Each column thereafter provides 2026/27 expense detail by standard object of expense. Columns are headed by a numerical code, which relates to a specific standard object of expense. Subtotal columns are also presented to parallel the group account classification totals found in the *2026/27 Estimates*. Where blanks appear within a column, funds have not been budgeted for that standard object or group account classification.

**GENERAL FUND CAPITAL EXPENDITURES**

This publication also provides details for capital expenditures by special office, ministry, and other appropriation. Capital expenditures are presented based on the category of assets acquired. The amortization of the cost of assets is an operating expense (standard object 73).

**STANDARD OBJECTS OF EXPENSE**

A descriptive listing of the standard objects is provided below. Expenses by sub-vote, by group account, and by standard object of expense are presented in this document for information purposes only. While this information accurately represents the intended expense plan for the fiscal year, special offices, ministries, and agencies within other appropriations may reallocate funds within a vote or special account during the year. The Supplement to the Estimates can also be found on the Government of British Columbia's budget website: <u>https://www.bcbudget.gov.bc.ca/</u>.

---

| | | | |
|:---|:---|:---|:---|
| **Salaries and Benefits** | **Salaries and Benefits** | **Government Transfers** | **Government Transfers** |
| 50 | Base Salaries | 77 | Transfers – Grants |
| 51 | Supplementary Salary Costs | 79 | Transfers – Entitlements |
| 52 | Employee Benefits | 80 | Transfers – Shared Cost Arrangements |
| 54 | Legislative Salaries and Indemnities |  |  |
|  |  | **Other Expenses** | **Other Expenses** |
| **Operating Costs** | **Operating Costs** | 81 | Transfers Between Votes and Special Accounts |
| 55 | Boards, Commissions and Courts – Fees and Expenses | 83 | Interest on the Public Debt |
| 57 | Public Servant Travel | 85 | Other Expenses |
| 59 | Centralized Management Support Services |  |  |
| 60 | Professional Services | **Internal Recoveries** | **Internal Recoveries** |
| 63 | Information Systems – Operating | 86 | Recoveries Between Votes and Special Accounts |
| 65 | Office and Business Expenses | 88 | Recoveries Within the Consolidated Revenue Fund |
| 67 | Informational Advertising and Publications |  |  |
| 68 | Statutory Advertising and Publications | **External Recoveries** | **External Recoveries** |
| 69 | Utilities, Materials and Supplies | 89 | Recoveries Within the Government Reporting Entity |
| 70 | Operating Equipment and Vehicles | 90 | Recoveries External to the Government Reporting Entity |
| 72 | Non-Capital Roads and Bridges |  |  |
| 73 | Amortization |  |  |
| 75 | Building Occupancy Charges |  |  |

---

**This page intentionally left blank.**

**GENERAL FUND OPERATING EXPENSES ($000)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Total | | | | | | | Total |
|  |  | 2025/26 | Salaries | | | | | | 2026/27 |
|  |  | Operating | and | Operating | Government | Other | Internal | External | Operating |
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Expenses | Benefits | Costs | Transfers | Expenses | Recoveries | Recoveries | Expenses |
| **Legislative Assembly** | **Legislative Assembly** |  |  |  |  |  |  |  |  |
| 1 | Legislative Assembly | **138852** | **75556** | **29555** | **—** | **36560** | **(120)** | **(1165)** | **140386** |
| **Officers of the Legislature** | **Officers of the Legislature** |  |  |  |  |  |  |  |  |
| 2 | Auditor General | 26981 | 19824 | 7031 |  |  |  |  | **26855** |
| 3 | Conflict of Interest Commissioner | 893 | 701 | 209 |  |  |  |  | **910** |
| 4 | Elections BC | 14802 | 16029 | 8778 | 3896 | 3 |  |  | **28706** |
| 5 | Human Rights Commissioner | 7668 | 6106 | 1875 |  |  | (1) | (2) | **7978** |
| 6 | Information and Privacy Commissioner | 10933 | 8612 | 2550 |  | 1095 | (1) | (2) | **12254** |
| 7 | Merit Commissioner | 1697 | 983 | 593 |  | 175 |  |  | **1751** |
| 8 | Ombudsperson | 15332 | 15843 | 3203 |  |  | (1912) | (1) | **17133** |
| 9 | Police Complaint Commissioner | 8866 | 7876 | 3163 |  | 713 |  | (1) | **11751** |
| 10 | Representative for Children and Youth | 12603 | 10836 | 3128 | 158 | 1 | (358) | (2) | **13763** |
|  | **Total** | **99775** | **86810** | **30530** | **4054** | **1987** | **(2272)** | **(8)** | **121101** |
| **Office of the Premier** | **Office of the Premier** |  |  |  |  |  |  |  |  |
| 11 | Office of the Premier | **17627** | **13750** | **1896** | **1068** | **122** | **(797)** | **(705)** | **15334** |
| **Ministry of Agriculture and Food** | **Ministry of Agriculture and Food** |  |  |  |  |  |  |  |  |
| 12 | Ministry Operations | 107306 | 57773 | 16711 | 48928 | 23897 | (10) | (39287) | **108012** |
| 13 | Agricultural Land Commission | 5500 | 4307 | 1193 |  | 3 | (1) | (2) | **5500** |
|  | Statutory Appropriations | 55209 |  | 1550 |  | 39955 |  | (1) | **41504** |
|  | Less: Transfer from Ministry Operations Vote | (16860) |  |  |  | (20295) |  |  | **(20295)** |
|  | **Total** | **151155** | **62080** | **19454** | **48928** | **43560** | **(11)** | **(39290)** | **134721** |
| **Ministry of Attorney General** | **Ministry of Attorney General** |  |  |  |  |  |  |  |  |
| 14 | Ministry Operations | 721778 | 577773 | 114667 | 189670 | 14397 | (122606) | (31356) | **742545** |
| 15 | Judiciary | 112754 | 101208 | 14681 | 12 | 52 | (2) | (1) | **115950** |
| 16 | Crown Proceeding Act | 24500 |  |  |  | 24500 |  |  | **24500** |
| 17 | Independent Investigations Office | 12622 | 11580 | 2406 |  |  | (1) | (2) | **13983** |
|  | Statutory Appropriations | 12311 | 38409 | 8013 |  | 307 |  | (34247) | **12482** |
|  | Less: Transfer from Ministry Operations Vote | (12311) |  |  |  | (12482) |  |  | **(12482)** |
|  | **Total** | **871654** | **728970** | **139767** | **189682** | **26774** | **(122609)** | **(65606)** | **896978** |
| **Ministry of Children and Family Development** | **Ministry of Children and Family Development** |  |  |  |  |  |  |  |  |
| 18 | Ministry Operations | **2400492** | **507652** | **54811** | **2292008** | **2335** | **(46144)** | **(98734)** | **2711928** |
| **Ministry of Citizens' Services** | **Ministry of Citizens' Services** |  |  |  |  |  |  |  |  |
| 19 | Ministry Operations | **758844** | **317053** | **608630** | **57830** | **111188** | **(199244)** | **(154118)** | **741339** |
| **Ministry of Education and Child Care** | **Ministry of Education and Child Care** |  |  |  |  |  |  |  |  |
| 20 | Ministry Operations | 9735915 | 99082 | 16196 | 11053882 | 6263 | (6) | (1145828) | **10029589** |
|  | Statutory Appropriations | 39083 | 6204 | 2871 | 30000 | 100 |  |  | **39175** |
|  | **Total** | **9774998** | **105286** | **19067** | **11083882** | **6363** | **(6)** | **(1145828)** | **10068764** |
| **Ministry of Emergency Management and Climate Readiness** | **Ministry of Emergency Management and Climate Readiness** |  |  |  |  |  |  |  |  |
| 21 | Ministry Operations | 79382 | 36557 | 5204 | 43645 | 20 | (529) | (10494) | **74403** |
| 22 | Emergency and Disaster Management Act | 36420 |  | 23700 | 12721 | 1 | (1) | (1) | **36420** |
|  | **Total** | **115802** | **36557** | **28904** | **56366** | **21** | **(530)** | **(10495)** | **110823** |

---

**GENERAL FUND OPERATING EXPENSES ($000) *continued***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Total | | | | | | | Total |
|  |  | 2025/26 | Salaries | | | | | | 2026/27 |
|  |  | Operating | and | Operating | Government | Other | Internal | External | Operating |
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Expenses | Benefits | Costs | Transfers | Expenses | Recoveries | Recoveries | Expenses |
| **Ministry of Energy and Climate Solutions** | **Ministry of Energy and Climate Solutions** |  |  |  |  |  |  |  |  |
| 23 | Ministry Operations | 86205 | 42181 | 23700 | 27600 | 2937 | (3311) | (3423) | **89684** |
|  | Statutory Appropriations | 21264 | 607 | 26 | 18690 |  | (2) | (4) | **19317** |
|  | **Total** | **107469** | **42788** | **23726** | **46290** | **2937** | **(3313)** | **(3427)** | **109001** |
| **Ministry of Environment and Parks** | **Ministry of Environment and Parks** |  |  |  |  |  |  |  |  |
| 24 | Ministry Operations | 155355 | 101455 | 59995 | 5150 | 12702 | (27389) | (2573) | **149340** |
| 25 | Environmental Assessment Office | 16781 | 11995 | 2014 | 3550 | 124 | (1) | (901) | **16781** |
|  | Statutory Appropriations | 41723 | 7167 | 9269 | 2864 | 29490 |  | (800) | **47990** |
|  | **Total** | **213859** | **120617** | **71278** | **11564** | **42316** | **(27390)** | **(4274)** | **214111** |
| **Ministry of Finance** | **Ministry of Finance** |  |  |  |  |  |  |  |  |
| 26 | Ministry Operations | 384337 | 175123 | 40691 | 217391 | 119752 | (19447) | (151647) | **381863** |
| 27 | Government Communications and Public Engagement | 30630 | 25608 | 4622 |  | 61 | (600) | (261) | **29430** |
| 28 | BC Public Service Agency | 119693 | 85864 | 38256 |  | 14945 | (19338) | (4377) | **115350** |
| 29 | Benefits and Other Employment Costs | 1 | 892018 | 6422 | 350 | 38429 | (847576) | (89642) | **1** |
|  | Statutory Appropriations | 1052837 | 81693 | 7782 | 572833 | 66612 | (48492) | (24096) | **656332** |
|  | Less: Transfer from Ministry Operations Vote | (50430) |  |  |  | (38228) |  |  | **(38228)** |
|  | **Total** | **1537068** | **1260306** | **97773** | **790574** | **201571** | **(935453)** | **(270023)** | **1144748** |
| **Ministry of Forests** | **Ministry of Forests** |  |  |  |  |  |  |  |  |
| 30 | Ministry Operations | 420050 | 199865 | 130862 | 55971 | 45366 | (16774) | (8892) | **406398** |
| 31 | Fire Management | 238047 | 119704 | 127353 | 7575 | 62 | (1801) | (17191) | **235702** |
|  | Statutory Appropriations | 240147 | 41595 | 141970 | 449 | 114399 | (29881) | (1026) | **267506** |
|  | **Total** | **898244** | **361164** | **400185** | **63995** | **159827** | **(48456)** | **(27109)** | **909606** |
| **Ministry of Health** | **Ministry of Health** |  |  |  |  |  |  |  |  |
| 32 | Ministry Operations | 34869402 | 200710 | 145224 | 37342451 | 7916 | (174700) | (1552726) | **35968875** |
|  | Statutory Appropriations | 147250 |  |  |  | 147250 |  |  | **147250** |
|  | **Total** | **35016652** | **200710** | **145224** | **37342451** | **155166** | **(174700)** | **(1552726)** | **36116125** |
| **Ministry of Housing and Municipal Affairs** | **Ministry of Housing and Municipal Affairs** |  |  |  |  |  |  |  |  |
| 33 | Ministry Operations | 1506695 | 60449 | 23274 | 1815974 | 227 | (16525) | (199974) | **1683425** |
|  | Statutory Appropriations | 27996 |  |  | 12884 | 16517 |  |  | **29401** |
|  | **Total** | **1534691** | **60449** | **23274** | **1828858** | **16744** | **(16525)** | **(199974)** | **1712826** |
| **Ministry of Indigenous Relations and Reconciliation** | **Ministry of Indigenous Relations and Reconciliation** |  |  |  |  |  |  |  |  |
| 34 | Ministry Operations | 74235 | 31124 | 7225 | 30531 | 2088 | (154) | (8) | **70806** |
| 35 | Treaty and Other Agreements Funding | 105204 |  |  | 238321 |  | (1) | (133248) | **105072** |
| 36 | Declaration Act Secretariat | 4547 | 2754 | 926 |  | 470 | (1) | (2) | **4147** |
|  | Statutory Appropriations | 2046 |  |  | 2208 | 1 |  |  | **2209** |
|  | **Total** | **186032** | **33878** | **8151** | **271060** | **2559** | **(156)** | **(133258)** | **182234** |
| **Ministry of Infrastructure** | **Ministry of Infrastructure** |  |  |  |  |  |  |  |  |
| 37 | Ministry Operations | **420585** | **44101** | **438973** | **33722** | **45269** | **(59933)** | **(81618)** | **420514** |
| **Ministry of Jobs and Economic Growth** | **Ministry of Jobs and Economic Growth** |  |  |  |  |  |  |  |  |
| 38 | Ministry Operations | 85151 | 40247 | 15522 | 55001 | 167 | (38217) | (16) | **72704** |
|  | Statutory Appropriations | 500 |  |  | 500 | 37200 |  |  | **37700** |
|  | **Total** | **85651** | **40247** | **15522** | **55501** | **37367** | **(38217)** | **(16)** | **110404** |

---

**GENERAL FUND OPERATING EXPENSES ($000) *continued***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Total | | | | | | | Total |
|  |  | 2025/26 | Salaries | | | | | | 2026/27 |
|  |  | Operating | and | Operating | Government | Other | Internal | External | Operating |
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Expenses | Benefits | Costs | Transfers | Expenses | Recoveries | Recoveries | Expenses |
| **Ministry of Labour** | **Ministry of Labour** |  |  |  |  |  |  |  |  |
| 39 | Ministry Operations | **24201** | **52170** | **14123** | **90** | **453** | **(5)** | **(43159)** | **23672** |
| **Ministry of Mining and Critical Minerals** | **Ministry of Mining and Critical Minerals** |  |  |  |  |  |  |  |  |
| 40 | Ministry Operations | **57457** | **46863** | **11642** | **275** | **1587** | **(4)** | **(3059)** | **57304** |
| **Ministry of Post-Secondary Education and Future Skills** | **Ministry of Post-Secondary Education and Future Skills** |  |  |  |  |  |  |  |  |
| 41 | Ministry Operations | **3509837** | **67926** | **12204** | **3675902** | **2966** | **(54099)** | **(124338)** | **3580561** |
| **Ministry of Public Safety and Solicitor General** | **Ministry of Public Safety and Solicitor General** |  |  |  |  |  |  |  |  |
| 42 | Ministry Operations | 1088942 | 368190 | 49666 | 741188 | 6155 | (17176) | (62432) | **1085591** |
|  | Statutory Appropriations | 15222 | 4526 | 8478 | 12136 | 12806 |  | (23224) | **14722** |
|  | **Total** | **1104164** | **372716** | **58144** | **753324** | **18961** | **(17176)** | **(85656)** | **1100313** |
| **Ministry of Social Development and Poverty Reduction** | **Ministry of Social Development and Poverty Reduction** |  |  |  |  |  |  |  |  |
| 43 | Ministry Operations | **5705485** | **183996** | **13745** | **6077453** | **14935** | **(1208)** | **(312159)** | **5976762** |
| **Ministry of Tourism, Arts, Culture and Sport** | **Ministry of Tourism, Arts, Culture and Sport** |  |  |  |  |  |  |  |  |
| 44 | Ministry Operations | 185364 | 22012 | 2119 | 329533 | 25 | (6) | (169922) | **183761** |
|  | Statutory Appropriations | 5430 |  |  | 5428 | 2 |  |  | **5430** |
|  | **Total** | **190794** | **22012** | **2119** | **334961** | **27** | **(6)** | **(169922)** | **189191** |
| **Ministry of Transportation and Transit** | **Ministry of Transportation and Transit** |  |  |  |  |  |  |  |  |
| 45 | Ministry Operations | **1177353** | **176185** | **5858837** | **646846** | **889** | **(12679)** | **(5473502)** | **1196576** |
| **Ministry of Water, Land and Resource Stewardship** | **Ministry of Water, Land and Resource Stewardship** |  |  |  |  |  |  |  |  |
| 46 | Ministry Operations | 196931 | 173012 | 43463 | 25379 | 50915 | (26639) | (64931) | **201199** |
|  | Statutory Appropriations | 500 |  |  | 123210 | 500 |  | (123210) | **500** |
|  | **Total** | **197431** | **173012** | **43463** | **148589** | **51415** | **(26639)** | **(188141)** | **201699** |
| **Management of Public Funds and Debt** | **Management of Public Funds and Debt** |  |  |  |  |  |  |  |  |
| 47 | Management of Public Funds and Debt | **2762120** | **—** | **—** | **—** | **6224848** | **—** | **(2427099)** | **3797749** |
| **Other Appropriations** | **Other Appropriations** |  |  |  |  |  |  |  |  |
| 48 | Contingencies | 4000000 |  |  |  | 5000001 |  | (1) | **5000000** |
| 49 | Capital Funding | 7258544 |  |  | 6153166 | 7 |  | (7) | **6153166** |
| 50 | Commissions on Collection of Public Funds | 1 |  |  |  | 92042 |  | (92041) | **1** |
| 51 | Allowances for Doubtful Revenue Accounts | 1 |  |  |  | 146591 |  | (146590) | **1** |
| 52 | Tax Transfers | 3408000 |  |  | 2466000 |  |  |  | **2466000** |
| 53 | Forest Practices Board | 4162 | 2776 | 1286 |  | 3 | (1) | (2) | **4062** |
|  | **Total** | **14670708** | **2776** | **1286** | **8619166** | **5238644** | **(1)** | **(238641)** | **13623230** |
|  | **Overall Total** | **83729000** | **5195630** | **8172283** | **74434439** | **12447391** | **(1787693)** | **(12854050)** | **85608000** |
|  | **Adjusted Totals**<sup>1</sup>** |  | **4335133** | **7974408** | **74331045** | **11821464** | **—** | **(12854050)** |  |

---

<sup>1</sup> Amounts are net of adjustments to eliminate double counting. See page 11.

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**GENERAL FUND CAPITAL EXPENDITURES ($000)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Total |  |  |  |  | Office |  |  |  |  | Total |
|  |  | 2025/26 |  |  |  |  | Furniture |  |  |  | Roads, | 2026/27 |
|  |  | Capital |  | Land |  | Specialized | and |  | Information | Tenant | Bridges and | Capital |
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Expenditures | Land | Improvements | Buildings | Equipment | Equipment | Vehicles | Systems | Improvements | Ferries | Expenditures |
| **Legislative Assembly** | **Legislative Assembly** |  |  |  |  |  |  |  |  |  |  |  |
| 1 | Legislative Assembly | **10732** | **—** | **—** | **5015** | **4660** | **140** | **—** | **2076** | **700** | **—** | **12591** |
| **Officers of the Legislature** | **Officers of the Legislature** |  |  |  |  |  |  |  |  |  |  |  |
| 2 | Auditor General | 450 |  |  |  |  | 30 |  | 250 |  |  | **280** |
| 3 | Conflict of Interest Commissioner | 10 |  |  |  |  | 10 |  |  |  |  | **10** |
| 4 | Elections BC |  |  |  |  |  |  |  | 318 |  |  | **318** |
| 5 | Human Rights Commissioner | 35 |  |  |  |  | 5 |  | 30 |  |  | **35** |
| 6 | Information and Privacy Commissioner | 98 |  |  |  |  | 10 |  | 79 |  |  | **89** |
| 7 | Merit Commissioner | 12 |  |  |  |  | 4 |  | 25 |  |  | **29** |
| 8 | Ombudsperson | 163 |  |  |  |  | 15 |  | 68 |  |  | **83** |
| 9 | Police Complaint Commissioner | 75 |  |  |  |  | 17 |  | 156 |  |  | **173** |
| 10 | Representative for Children and Youth | 50 |  |  |  |  | 6 |  | 46 |  |  | **52** |
|  | **Total** | **893** | **—** | **—** | **—** | **—** | **97** | **—** | **972** | **—** | **—** | **1069** |
| **Office of the Premier** | **Office of the Premier** |  |  |  |  |  |  |  |  |  |  |  |
| 11 | Office of the Premier | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Agriculture and Food** | **Ministry of Agriculture and Food** |  |  |  |  |  |  |  |  |  |  |  |
| 12 | Ministry Operations | 853 |  |  |  | 300 | 3 | 619 |  |  |  | **922** |
| 13 | Agricultural Land Commission |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Less: Transfer from Ministry Operations Vote |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **853** | **—** | **—** | **—** | **300** | **3** | **619** | **—** | **—** | **—** | **922** |
| **Ministry of Attorney General** | **Ministry of Attorney General** |  |  |  |  |  |  |  |  |  |  |  |
| 14 | Ministry Operations | 8483 |  |  |  | 4482 | 24 | 1679 |  |  |  | **6185** |
| 15 | Judiciary | 770 |  |  |  |  | 30 |  | 740 |  |  | **770** |
| 16 | Crown Proceeding Act |  |  |  |  |  |  |  |  |  |  | **—** |
| 17 | Independent Investigations Office |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Statutory Appropriations | 363 |  |  |  |  |  |  | 363 |  |  | **363** |
|  | Less: Transfer from Ministry Operations Vote |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **9616** | **—** | **—** | **—** | **4482** | **54** | **1679** | **1103** | **—** | **—** | **7318** |
| **Ministry of Children and Family Development** | **Ministry of Children and Family Development** |  |  |  |  |  |  |  |  |  |  |  |
| 18 | Ministry Operations | **2230** | **—** | **—** | **—** | **202** | **28** | **2000** | **—** | **—** | **—** | **2230** |
| **Ministry of Citizens' Services** | **Ministry of Citizens' Services** |  |  |  |  |  |  |  |  |  |  |  |
| 19 | Ministry Operations | **162953** | **—** | **—** | **—** | **150** | **10** | **200** | **142221** | **—** | **—** | **142581** |
| **Ministry of Education and Child Care** | **Ministry of Education and Child Care** |  |  |  |  |  |  |  |  |  |  |  |
| 20 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Emergency Management and Climate Readiness** | **Ministry of Emergency Management and Climate Readiness** |  |  |  |  |  |  |  |  |  |  |  |
| 21 | Ministry Operations | 53 |  |  |  |  | 3 | 50 |  |  |  | **53** |
| 22 | Emergency and Disaster Management Act |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **53** | **—** | **—** | **—** | **—** | **3** | **50** | **—** | **—** | **—** | **53** |

---

**GENERAL FUND CAPITAL EXPENDITURES ($000) *continued***

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Total |  |  |  |  | Office | |  |  |  | Total |
|  |  | 2025/26 |  |  |  |  | Furniture | |  |  | Roads, | 2026/27 |
|  |  | Capital |  | Land |  | Specialized | and | | Information | Tenant | Bridges and | Capital |
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Expenditures | Land | Improvements | Buildings | Equipment | Equipment | Vehicles | Systems | Improvements | Ferries | Expenditures |
| **Ministry of Energy and Climate Solutions** | **Ministry of Energy and Climate Solutions** |  |  |  |  |  |  |  |  |  |  |  |
| 23 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Environment and Parks** | **Ministry of Environment and Parks** |  |  |  |  |  |  |  |  |  |  |  |
| 24 | Ministry Operations | 32556 | 2000 | 26614 |  | 2330 | 10 | 1840 |  |  |  | **32794** |
| 25 | Environmental Assessment Office |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Statutory Appropriations | 400 |  | 300 |  | 100 |  |  |  |  |  | **400** |
|  | **Total** | **32956** | **2000** | **26914** | **—** | **2430** | **10** | **1840** | **—** | **—** | **—** | **33194** |
| **Ministry of Finance** | **Ministry of Finance** |  |  |  |  |  |  |  |  |  |  |  |
| 26 | Ministry Operations | 300 |  |  |  |  | 10 | 160 |  |  |  | **170** |
| 27 | Government Communications and Public Engagement |  |  |  |  |  |  |  |  |  |  | **—** |
| 28 | BC Public Service Agency | 10 |  |  |  | 10 |  |  |  |  |  | **10** |
| 29 | Benefits and Other Employment Costs |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Less: Transfer from Ministry Operations Vote |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **310** | **—** | **—** | **—** | **10** | **10** | **160** | **—** | **—** | **—** | **180** |
| **Ministry of Forests** | **Ministry of Forests** |  |  |  |  |  |  |  |  |  |  |  |
| 30 | Ministry Operations | 54903 |  | 837 | 11150 | 543 | 18 | 6330 |  |  | 20300 | **39178** |
| 31 | Fire Management | 14762 |  |  | 2000 | 4001 |  | 5000 |  |  |  | **11001** |
|  | Statutory Appropriations | 48843 |  |  |  | 650 |  |  | 350 |  | 42716 | **43716** |
|  | **Total** | **118508** | **—** | **837** | **13150** | **5194** | **18** | **11330** | **350** | **—** | **63016** | **93895** |
| **Ministry of Health** | **Ministry of Health** |  |  |  |  |  |  |  |  |  |  |  |
| 32 | Ministry Operations | 30 |  |  |  |  | 30 |  |  |  |  | **30** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **30** | **—** | **—** | **—** | **—** | **30** | **—** | **—** | **—** | **—** | **30** |
| **Ministry of Housing and Municipal Affairs** | **Ministry of Housing and Municipal Affairs** |  |  |  |  |  |  |  |  |  |  |  |
| 33 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
|  | Statutory Appropriations | 1813 |  | 6117 |  |  |  |  |  |  |  | **6117** |
|  | **Total** | **1816** | **—** | **6117** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **6120** |
| **Ministry of Indigenous Relations and Reconciliation** | **Ministry of Indigenous Relations and Reconciliation** |  |  |  |  |  |  |  |  |  |  |  |
| 34 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
| 35 | Treaty and Other Agreements Funding |  |  |  |  |  |  |  |  |  |  | **—** |
| 36 | Declaration Act Secretariat |  |  |  |  |  |  |  |  |  |  | **—** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Infrastructure** | **Ministry of Infrastructure** |  |  |  |  |  |  |  |  |  |  |  |
| 37 | Ministry Operations | **201112** | **18** | **—** | **97422** | **—** | **503** | **—** | **—** | **24058** | **—** | **122001** |
| **Ministry of Jobs and Economic Growth** | **Ministry of Jobs and Economic Growth** |  |  |  |  |  |  |  |  |  |  |  |
| 38 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |

---

**GENERAL FUND CAPITAL EXPENDITURES ($000) *continued***

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Vote and Statutory Appropriations | Vote and Statutory Appropriations | Total<br> 2025/26<br> Capital<br> Expenditures | Land | Land<br> Improvements | Buildings | Specialized<br> Equipment | Office<br> Furniture<br> and<br> Equipment | Vehicles | Information<br> Systems | Tenant<br> Improvements | Roads,<br> Bridges and<br> Ferries | Total<br> 2026/27<br> Capital<br> Expenditures |
| **Ministry of Labour** | **Ministry of Labour** |  |  |  |  |  |  |  |  |  |  |  |
| 39 | Ministry Operations | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Mining and Critical Minerals** | **Ministry of Mining and Critical Minerals** |  |  |  |  |  |  |  |  |  |  |  |
| 40 | Ministry Operations | **548** | **—** | **—** | **—** | **195** | **3** | **350** | **—** | **—** |  | **548** |
| **Ministry of Post-Secondary Education and Future Skills** | **Ministry of Post-Secondary Education and Future Skills** |  |  |  |  |  |  |  |  |  |  |  |
| 41 | Ministry Operations | **504** | **—** | **—** | **—** | **—** | **4** |  | **500** | **—** |  | **504** |
| **Ministry of Public Safety and Solicitor General** | **Ministry of Public Safety and Solicitor General** |  |  |  |  |  |  |  |  |  |  |  |
| 42 | Ministry Operations | 4701 |  |  |  | 3564 | 17 | 866 |  |  |  | **4447** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **4701** | **—** | **—** | **—** | **3564** | **17** | **866** | **—** | **—** | **—** | **4447** |
| **Ministry of Social Development and Poverty Reduction** | **Ministry of Social Development and Poverty Reduction** |  |  |  |  |  |  |  |  |  |  |  |
| 43 | Ministry Operations | **1854** | **—** | **—** | **—** | **—** | **114** | **350** | **1390** | **—** | **—** | **1854** |
| **Ministry of Tourism, Arts, Culture and Sport** | **Ministry of Tourism, Arts, Culture and Sport** |  |  |  |  |  |  |  |  |  |  |  |
| 44 | Ministry Operations | 3 |  |  |  |  | 3 |  |  |  |  | **3** |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **3** | **—** | **—** | **—** | **—** | **3** | **—** | **—** | **—** | **—** | **3** |
| **Ministry of Transportation and Transit** | **Ministry of Transportation and Transit** |  |  |  |  |  |  |  |  |  |  |  |
| 45 | Ministry Operations | **3135** | **—** | **—** | **—** | **625** | **10** | **2500** | **—** | **—** | **—** | **3135** |
| **Ministry of Water, Land and Resource Stewardship** | **Ministry of Water, Land and Resource Stewardship** |  |  |  |  |  |  |  |  |  |  |  |
| 46 | Ministry Operations | 333 |  |  |  |  | 3 | 330 |  |  |  | 333 |
|  | Statutory Appropriations |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **333** | **—** | **—** | **—** | **—** | **3** | **330** | **—** | **—** | **—** | **333** |
| **Management of Public Funds and Debt** | **Management of Public Funds and Debt** |  |  |  |  |  |  |  |  |  |  |  |
| 47 | Management of Public Funds and Debt | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Other Appropriations** | **Other Appropriations** |  |  |  |  |  |  |  |  |  |  |  |
| 48 | Contingencies | 100000 |  |  |  |  |  |  | 50000 |  |  | **50000** |
| 49 | Capital Funding |  |  |  |  |  |  |  |  |  |  | **—** |
| 50 | Commissions on Collection of Public Funds |  |  |  |  |  |  |  |  |  |  | **—** |
| 51 | Allowances for Doubtful Revenue Accounts |  |  |  |  |  |  |  |  |  |  | **—** |
| 52 | Tax Transfers |  |  |  |  |  |  |  |  |  |  | **—** |
| 53 | Forest Practices Board |  |  |  |  |  |  |  |  |  |  | **—** |
|  | **Total** | **100000** | **—** | **—** | **—** | **—** | **—** | **—** | **50000** | **—** | **—** | **50000** |
|  | **Overall Total** | **653158** | **2018** | **33868** | **115587** | **21812** | **1081** | **22274** | **198612** | **24758** | **63016** | **483026** |

---

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**OPERATING EXPENSES BY STANDARD OBJECT ($000)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **STOB** | **Description** | **Total** | **Adjustments** | **Adjusted Total** |
| 50 | Base Salaries | 3321276 | (18860) <sup>1</sup> | 3302416 |
| 51 | Supplementary Salary Costs | 44569 |  | 44569 |
| 52 | Employee Benefits | 1812310 | (841637) <sup>2</sup> | 970673 |
| 54 | Legislative Salaries and Indemnities | 17475 |  | 17475 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Salaries and Benefits** | **5195630** | **(860497)** | **4335133** |
| 55 | Boards, Commissions and Courts - Fees and Expenses | 21635 |  | 21635 |
| 57 | Public Servant Travel | 52204 |  | 52204 |
| 59 | Centralized Management Support Services | 102675 | (102675) <sup>3</sup> |  |
| 60 | Professional Services | 1401095 | (14274) <sup>4</sup> | 1386821 |
| 63 | Information Systems - Operating | 574204 | (9027) <sup>4</sup> | 565177 |
| 65 | Office and Business Expenses | 110271 | (11969) <sup>4</sup> | 98302 |
| 67 | Informational Advertising and Publications | 10738 |  | 10738 |
| 68 | Statutory Advertising and Publications | 1566 |  | 1566 |
| 69 | Utilities, Materials and Supplies | 1536618 |  | 1536618 |
| 70 | Operating Equipment and Vehicles | 143127 |  | 143127 |
| 72 | Non-Capital Roads and Bridges | 3520851 |  | 3520851 |
| 73 | Amortization | 344208 |  | 344208 |
| 75 | Building Occupancy Charges | 353091 | (59930) <sup>4</sup> | 293161 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating Costs** | **8172283** | **(197875)** | **7974408** |
| 77 | Transfers - Grants | 3303604 | (2510) <sup>4</sup> | 3301094 |
| 79 | Transfers - Entitlements | 42988592 |  | 42988592 |
| 80 | Transfers - Shared Cost Arrangements | 28142243 | (100884) <sup>4</sup> | 28041359 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Government Transfers** | **74434439** | **(103394)** | **74331045** |
| 81 | Transfers Between Votes and Special Accounts | 297495 | (297495) <sup>5</sup> |  |
| 83 | Interest on the Public Debt | 3781046 |  | 3781046 |
| 85 | Other Expenses | 8368850 | (328432) <sup>4</sup> | 8040418 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Other Expenses** | **12447391** | **(625927)** | **11821464** |
| 86 | Recoveries Between Votes and Special Accounts | (297495) | 297495<sup>5</sup> |  |
| 88 | Recoveries Within the Consolidated Revenue Fund | (1490198) | 1490198<sup>6</sup> |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Internal Recoveries** | **(1787693)** | **1787693** | **—** |
| 89 | Recoveries Within the Government Reporting Entity | (6660125) |  | (6660125) |
| 90 | Recoveries External to the Government Reporting Entity | (6193925) |  | (6193925) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**External Recoveries** | **(12854050)** | **—** | **(12854050)** |
|  | **Net Operating Expenses** | **85608000** | **—** | **85608000** |

---

<sup>1</sup> Recoveries between ministries for base salaries.

<sup>2</sup> Recoveries from ministries by the BC Public Service Agency and between ministries for employee benefits.

<sup>3</sup> Recoveries from ministries by the Office of the Premier and Attorney General for centrally managed services such as legal services.

<sup>4</sup> Recoveries between ministries for centralized services such as banking charges, workplace and technology services, professional services, grants, shared cost arrangements, or other corporate services.

<sup>5</sup> Transfers between votes and special accounts.

<sup>6</sup> Recoveries for costs referred to in Notes 1, 2, 3, and 4.

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**SPECIAL OFFICES, MINISTRIES AND OTHER APPROPRIATIONS**

**OPERATING EXPENSES**

LEGISLATIVE ASSEMBLY

($000)

**VOTE 1 Legislative Assembly**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total<br> 2025/26<br> Operating |  |  |  |  | Total<br> Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Legislative Assembly** | **138852** | **41917** | **401** | **20939** | **12299** | **75556** | **—** | **586** | **—** | **6246** | **5559** | **4824** | **269** | **217** | **3358** |
| &nbsp;&nbsp;&nbsp;&nbsp;Caucus Operations | 11151 | 7918 |  | 2011 |  | 9929 |  |  |  |  |  | 2336 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Constituency Operations | 37203 |  |  | 3265 |  | 3265 |  |  |  | 660 | 2470 | 408 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Members' Remuneration | 23245 |  |  | 7074 | 11474 | 18548 |  |  |  | 340 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Independent Respectful Workplace Office | 250 |  |  |  |  |  |  |  |  | 250 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Parliamentary Operations | 2684 | 245 | 10 | 60 |  | 315 |  | 165 |  | 435 | 3 | 590 | 255 | 217 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Legislative Assembly Administration | 54994 | 33754 | 318 | 8007 | 825 | 42904 |  | 421 |  | 4301 | 2942 | 1417 | 12 |  | 3358 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Centralized and Accounting | 9325 |  | 73 | 522 |  | 595 |  |  |  | 260 | 144 | 73 | 2 |  |  |
| **Total** | **138852** | **41917** | **401** | **20939** | **12299** | **75556** | **—** | **586** | **—** | **6246** | **5559** | **4824** | **269** | **217** | **3358** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **66** | **—** | **6488** | **1942** | **29555** | **—** | **—** | **—** | **—** | **—** | **—** | **36560** | **36560** | **—** | **(120)** | **(120)** | **(1)** | **(1164)** | **(1165)** | **140386** |
|  |  |  | 137 | 2473 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12402 |
|  |  |  |  | 3538 |  |  |  |  |  |  | 28735 | 28735 |  |  |  |  |  |  | 35538 |
|  |  |  |  | 340 |  |  |  |  |  |  | 4841 | 4841 |  |  |  |  |  |  | 23729 |
|  |  |  |  | 250 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 250 |
|  |  |  |  | 1665 |  |  |  |  |  |  | 981 | 981 |  |  |  |  | (101) | (101) | 2860 |
| 66 |  |  | 505 | 13022 |  |  |  |  |  |  | 403 | 403 |  | (120) | (120) | (1) | (1063) | (1064) | 55145 |
|  |  | 6488 | 1300 | 8267 |  |  |  |  |  |  | 1600 | 1600 |  |  |  |  |  |  | 10462 |
| **66** | **—** | **6488** | **1942** | **29555** | **—** | **—** | **—** | **—** | **—** | **—** | **36560** | **36560** | **—** | **(120)** | **(120)** | **(1)** | **(1164)** | **(1165)** | **140386** |

---

OFFICERS OF THE LEGISLATURE

($000)

**VOTE 2 Auditor General**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Auditor General** | **26981** | **15273** | **110** | **4019** | **422** | **19824** |  | **621** |  | **1305** | **2000** | **530** | **10** |  |  |
| **Total** | **26981** | **15273** | **110** | **4019** | **422** | **19824** |  | **621** |  | **1305** | **2000** | **530** | **10** |  |  |

---

**VOTE 3 Conflict of Interest Commissioner**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Conflict of Interest Commissioner** | **893** | **285** |  | **142** | **274** | **701** |  | **35** |  | **50** | **11** | **25** |  | **1** | **1** |
| **Total** | **893** | **285** |  | **142** | **274** | **701** |  | **35** |  | **50** | **11** | **25** |  | **1** | **1** |

---

**VOTE 4 Elections BC**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Elections BC** | **14802** | **8373** | **4148** | **3094** | **414** | **16029** |  | **82** |  | **819** | **4154** | **914** | **560** |  | **56** |
| **Total** | **14802** | **8373** | **4148** | **3094** | **414** | **16029** |  | **82** |  | **819** | **4154** | **914** | **560** |  | **56** |

---

**VOTE 5 Human Rights Commissioner**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Human Rights Commissioner** | **7668** | **4404** | **103** | **1239** | **360** | **6106** |  | **163** |  | **378** | **361** | **215** | **82** |  | **1** |
| **Total** | **7668** | **4404** | **103** | **1239** | **360** | **6106** |  | **163** |  | **378** | **361** | **215** | **82** |  | **1** |

---

**VOTE 6 Information and Privacy Commissioner**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Information and Privacy Commissioner** | **10933** | **6400** | **45** | **1745** | **422** | **8612** |  | **99** |  | **706** | **619** | **190** |  | **20** | **36** |
| **Total** | **10933** | **6400** | **45** | **1745** | **422** | **8612** |  | **99** |  | **706** | **619** | **190** |  | **20** | **36** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **15** |  | **650** | **1900** | **7031** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | **26855** |
| **15** |  | **650** | **1900** | **7031** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | **26855** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **2** | **84** | **209** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | **910** |
|  |  | **2** | **84** | **209** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | **910** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **5** |  | **329** | **1859** | **8778** |  | **3896** |  | **3896** |  |  | **3** | **3** |  |  |  |  |  |  | **28706** |
| **5** |  | **329** | **1859** | **8778** |  | **3896** |  | **3896** |  |  | **3** | **3** |  |  |  |  |  |  | **28706** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **129** | **546** | **1875** |  |  |  |  |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **7978** |
|  |  | **129** | **546** | **1875** |  |  |  |  |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **7978** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **15** |  | **163** | **702** | **2550** |  |  |  |  |  |  | **1095** | **1095** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **12254** |
| **15** |  | **163** | **702** | **2550** |  |  |  |  |  |  | **1095** | **1095** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **12254** |

---

OFFICERS OF THE LEGISLATURE

($000)

**VOTE 7 Merit Commissioner**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Merit Commissioner** | **1697** | **681** |  | **210** | **92** | **983** |  | **10** |  | **214** | **89** | **17** | **8** | **12** | **4** |
| **Total** | **1697** | **681** |  | **210** | **92** | **983** |  | **10** |  | **214** | **89** | **17** | **8** | **12** | **4** |

---

**VOTE 8 Ombudsperson**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Ombudsperson** | **15332** | **12059** | **108** | **3254** | **422** | **15843** |  | **103** |  | **372** | **825** | **398** | **70** | **3** | **43** |
| **Total** | **15332** | **12059** | **108** | **3254** | **422** | **15843** |  | **103** |  | **372** | **825** | **398** | **70** | **3** | **43** |

---

**VOTE 9 Police Complaint Commissioner**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Police Complaint Commissioner** | **8866** | **5836** | **15** | **1603** | **422** | **7876** |  | **115** |  | **1260** | **602** | **126** | **51** | **18** | **15** |
| **Total** | **8866** | **5836** | **15** | **1603** | **422** | **7876** |  | **115** |  | **1260** | **602** | **126** | **51** | **18** | **15** |

---

**VOTE 10 Representative for Children and Youth**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Representative for Children and Youth** | **12603** | **8144** | **125** | **2145** | **422** | **10836** |  | **405** |  | **482** | **738** | **411** |  |  | **5** |
| **Total** | **12603** | **8144** | **125** | **2145** | **422** | **10836** |  | **405** |  | **482** | **738** | **411** |  |  | **5** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **65** | **174** | **593** |  |  |  |  |  |  | **175** | **175** |  |  |  |  |  |  | **1751** |
|  |  | **65** | **174** | **593** |  |  |  |  |  |  | **175** | **175** |  |  |  |  |  |  | **1751** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **195** | **1194** | **3203** |  |  |  |  |  |  |  |  |  | **(1912)** | **(1912)** |  | **(1)** | **(1)** | **17133** |
|  |  | **195** | **1194** | **3203** |  |  |  |  |  |  |  |  |  | **(1912)** | **(1912)** |  | **(1)** | **(1)** | **17133** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **12** |  | **171** | **793** | **3163** |  |  |  |  |  |  | **713** | **713** |  |  |  |  | **(1)** | **(1)** | **11751** |
| **12** |  | **171** | **793** | **3163** |  |  |  |  |  |  | **713** | **713** |  |  |  |  | **(1)** | **(1)** | **11751** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **56** | **1031** | **3128** | **153** |  | **5** | **158** |  |  | **1** | **1** |  | **(358)** | **(358)** | **(1)** | **(1)** | **(2)** | **13763** |
|  |  | **56** | **1031** | **3128** | **153** |  | **5** | **158** |  |  | **1** | **1** |  | **(358)** | **(358)** | **(1)** | **(1)** | **(2)** | **13763** |

---

OFFICE OF THE PREMIER

($000)

**VOTE 11 Office of the Premier**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total <br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Intergovernmental Relations Secretariat** | **5080** | **3428** | **9** | **879** | **—** | **4316** |  | **145** | **9** | **31** |  | **788** |  |  | **1** |
| **Cabinet Operations** | **2260** | **1617** | **2** | **411** | **—** | **2030** |  | **19** | **16** | **1** |  | **64** |  |  | **1** |
| **Executive and Support Services** | **10287** | **5687** | **28** | **1539** | **150** | **7404** |  | **434** | **122** | **117** |  | **84** |  |  | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Premier's Office | 6387 | 3901 | 5 | 1052 | 150 | 5108 |  | 390 |  | 100 |  | 40 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deputy Minister's Office | 3900 | 1786 | 23 | 487 |  | 2296 |  | 44 | 122 | 17 |  | 44 |  |  | 1 |
| **Total** | **17627** | **10732** | **39** | **2829** | **150** | **13750** |  | **598** | **147** | **149** |  | **936** |  |  | **3** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **12** |  | **—** | **11** | **997** | **700** |  | **366** | **1066** |  |  | **9** | **9** |  | **(795)** | **(795)** | **(1)** | **(700)** | **(701)** | **4892** |
| **1** |  | **5** | **1** | **108** | **1** |  | **—** | **1** |  |  | **47** | **47** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **2183** |
| **25** |  | **7** | **1** | **791** | **1** |  | **—** | **1** |  |  | **66** | **66** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **8259** |
| 1 |  | 2 |  | 533 |  |  |  |  |  |  | 66 | 66 |  |  |  |  |  |  | 5707 |
| 24 |  | 5 | 1 | 258 | 1 |  |  | 1 |  |  |  |  |  | (1) | (1) | (1) | (1) | (2) | 2552 |
| **38** |  | **12** | **13** | **1896** | **702** |  | **366** | **1068** |  |  | **122** | **122** |  | **(797)** | **(797)** | **(3)** | **(702)** | **(705)** | **15334** |

---

MINISTRY OF AGRICULTURE AND FOOD

($000)

**VOTE 12 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Science, Policy and Inspection** | **21477** | **12739** | **19** | **3235** | **—** | **15993** | **—** | **194** | **—** | **472** | **—** | **136** | **—** |  | **587** |
| **Industry Competitiveness** | **47092** | **10410** | **59** | **2677** | **—** | **13146** | **—** | **169** | **—** | **665** | **985** | **216** | **800** |  | **10** |
| **Programs and Sector Resilience** | **20241** | **5337** | **23** | **1356** | **—** | **6716** | **—** | **314** | **—** | **2747** | **—** | **620** | **40** |  | **192** |
| **Liquor and Cannabis Regulation** | **10584** | **15643** | **40** | **3974** | **—** | **19657** | **—** | **361** | **487** | **517** | **1518** | **546** | **—** |  | **19** |
| &nbsp;&nbsp;&nbsp;&nbsp;Liquor Regulation | 1 | 8811 | 20 | 2238 |  | 11069 |  | 221 | 147 | 300 | 525 | 300 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cannabis Regulation | 8038 | 5030 | 20 | 1278 |  | 6328 |  | 100 | 325 | 117 | 990 | 216 |  |  | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cannabis and Corporate Policy | 2545 | 1802 |  | 458 |  | 2260 |  | 40 | 15 | 100 | 3 | 30 |  |  |  |
| **BC Farm Industry Review Board** | **1465** | **585** | **—** | **148** | **—** | **733** | **377** | **30** | **—** | **295** | **—** | **30** | **—** |  | **—** |
| **Executive and Support Services** | **6447** | **1131** | **—** | **319** | **78** | **1528** | **—** | **135** | **452** | **210** | **—** | **447** | **—** |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 734 | 412 |  | 137 | 78 | 627 |  | 85 |  |  |  | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 5713 | 719 |  | 182 |  | 901 |  | 50 | 452 | 210 |  | 425 |  |  |  |
| **Total** | **107306** | **45845** | **141** | **11709** | **78** | **57773** | **377** | **1203** | **939** | **4906** | **2503** | **1995** | **840** |  | **808** |

---

**VOTE 13 Agricultural Land Commission**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Agricultural Land Commission** | **5500** | **3435** |  | **872** |  | **4307** | **414** | **60** | **28** | **392** | **132** | **69** |  | **21** | **26** |
| **Total** | **5500** | **3435** |  | **872** |  | **4307** | **414** | **60** | **28** | **392** | **132** | **69** |  | **21** | **26** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Production Insurance Account** | **55209** |  |  |  |  |  |  |  |  | **1550** |  |  |  |  |  |
| **Total** | **55209** |  |  |  |  |  |  |  |  | **1550** |  |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **248** |  | **436** | **—** | **2073** | **—** |  | **3914** | **3914** | **—** |  | **24** | **24** |  | **(3)** | **(3)** | **(3)** | **(521)** | **(524)** | **21477** |
| **76** |  | **57** | **—** | **2978** | **18565** |  | **3393** | **21958** | **20295** |  | **16** | **20311** |  | **(2)** | **(2)** | **(3)** | **(10548)** | **(10551)** | **47840** |
| **—** |  | **—** | **—** | **3913** | **303** |  | **22653** | **22956** | **—** |  | **1** | **1** |  | **(1)** | **(1)** | **(1)** | **(13343)** | **(13344)** | **20241** |
| **248** |  | **49** | **1467** | **5212** | **100** |  | **—** | **100** | **—** |  | **481** | **481** |  | **(2)** | **(2)** | **(2)** | **(14862)** | **(14864)** | **10584** |
| 170 |  | 49 | 749 | 2466 |  |  |  |  |  |  | 229 | 229 |  | (1) | (1) | (1) | (13761) | (13762) | 1 |
| 78 |  |  | 718 | 2558 |  |  |  |  |  |  | 252 | 252 |  |  |  |  | (1100) | (1100) | 8038 |
|  |  |  |  | 188 | 100 |  |  | 100 |  |  |  |  |  | (1) | (1) | (1) | (1) | (2) | 2545 |
| **—** |  | **1** | **—** | **733** | **—** |  | **—** | **—** | **—** |  | **2** | **2** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **1465** |
| **264** |  | **121** | **173** | **1802** | **—** |  | **—** | **—** | **—** |  | **3078** | **3078** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **6405** |
|  |  |  |  | 107 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 734 |
| 264 |  | 121 | 173 | 1695 |  |  |  |  |  |  | 3078 | 3078 |  | (1) | (1) | (1) | (1) | (2) | 5671 |
| **836** |  | **664** | **1640** | **16711** | **18968** |  | **29960** | **48928** | **20295** |  | **3602** | **23897** |  | **(10)** | **(10)** | **(11)** | **(39276)** | **(39287)** | **108012** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **5** |  | **41** | **5** | **1193** |  |  |  |  |  |  | **3** | **3** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **5500** |
| **5** |  | **41** | **5** | **1193** |  |  |  |  |  |  | **3** | **3** |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **5500** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
|  |  |  |  | **1550** |  |  |  |  |  |  | **39955** | **39955** |  |  |  |  | **(1)** | **(1)** | **41504** |
|  |  |  |  | **1550** |  |  |  |  |  |  | **39955** | **39955** |  |  |  |  | **(1)** | **(1)** | **41504** |

---

MINISTRY OF ATTORNEY GENERAL

($000)

**VOTE 14 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Justice Services** | **206094** | **29854** | **—** | **7583** | **—** | **37437** | **—** | **292** | **—** | **611** | **—** | **360** | **—** | **—** | **—** |
| **Indigenous Justice Secretariat** | **20322** | **1144** | **—** | **291** | **—** | **1435** | **—** | **16** | **—** | **—** | **—** | **7** | **—** | **—** | **—** |
| **Prosecution Services** | **214899** | **166195** | **3548** | **42213** | **—** | **211956** | **2064** | **975** | **363** | **8258** | **3** | **1777** | **—** | **—** | **453** |
| **Court Services** | **162003** | **114049** | **6039** | **29164** | **—** | **149252** | **2939** | **1699** | **83** | **2980** | **552** | **3274** | **—** | **—** | **1781** |
| **Legal Services** | **41828** | **92570** | **1084** | **23906** | **—** | **117560** | **20** | **776** | **—** | **50973** | **578** | **1718** | **—** | **51** | **—** |
| **Agencies, Boards, Commissions and Other Tribunals** | **54809** | **40645** | **434** | **11260** | **—** | **52339** | **5268** | **538** | **—** | **4244** | **1685** | **1171** | **66** | **28** | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;Agencies, Boards, Commissions and Other Tribunals | 54808 | 30490 | 93 | 7777 |  | 38360 | 5071 | 409 |  | 2186 | 1390 | 820 | 30 | 23 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;British Columbia Utilities Commission | 1 | 10155 | 341 | 3483 |  | 13979 | 197 | 129 |  | 2058 | 295 | 351 | 36 | 5 |  |
| **Multiculturalism and Anti-Racism** | **6503** | **1842** | **—** | **468** | **—** | **2310** | **35** | **33** | **2** | **55** | **21** | **97** | **—** | **—** | **—** |
| **Executive and Support Services** | **15320** | **4271** | **18** | **1117** | **78** | **5484** | **—** | **149** | **72** | **331** | **—** | **100** | **—** | **12** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 765 | 445 |  | 145 | 78 | 668 |  | 81 |  |  |  | 13 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 14555 | 3826 | 18 | 972 |  | 4816 |  | 68 | 72 | 331 |  | 87 |  | 12 |  |
| **Total** | **721778** | **450570** | **11123** | **116002** | **78** | **577773** | **10326** | **4478** | **520** | **67452** | **2839** | **8504** | **66** | **91** | **2242** |

---

**VOTE 15 Judiciary**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Judiciary** | **112754** | **80477** | **130** | **20601** |  | **101208** | **5385** | **2116** | **29** | **524** | **2939** | **2147** |  |  | **135** |
| &nbsp;&nbsp;&nbsp;&nbsp;Superior Courts | 25420 | 17771 | 80 | 4514 |  | 22365 | 1 | 195 |  | 250 | 2038 | 839 |  |  | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial Courts | 87334 | 62706 | 50 | 16087 |  | 78843 | 5384 | 1921 | 29 | 274 | 901 | 1308 |  |  | 109 |
| **Total** | **112754** | **80477** | **130** | **20601** |  | **101208** | **5385** | **2116** | **29** | **524** | **2939** | **2147** |  |  | **135** |

---

**VOTE 16 *Crown Proceeding Act***

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Crown Proceeding Act** | **24500** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **24500** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **22** |  | **56** | **—** | **1341** | **80** |  | **165616** | **165696** | **—** |  | **—** | **—** | **—** | **(1)** | **(1)** | **(10)** | **(2392)** | **(2402)** | **202071** |
| **—** |  | **—** | **—** | **23** | **—** |  | **19656** | **19656** | **—** |  | **—** | **—** | **—** | **(90)** | **(90)** | **(1)** | **(1764)** | **(1765)** | **19259** |
| **88** |  | **64** | **334** | **14379** | **—** |  | **—** | **—** | **—** |  | **782** | **782** | **(1688)** | **(1)** | **(1689)** | **—** | **(1)** | **(1)** | **225427** |
| **2393** |  | **2077** | **2222** | **20000** | **—** |  | **—** | **—** | **—** |  | **431** | **431** | **—** | **(1)** | **(1)** | **(1)** | **(2852)** | **(2853)** | **166829** |
| **—** |  | **3** | **117** | **54236** | **—** |  | **—** | **—** | **—** |  | **473** | **473** | **—** | **(120820)** | **(120820)** | **(290)** | **(10)** | **(300)** | **51149** |
| **—** |  | **—** | **1828** | **14833** | **552** |  | **—** | **552** | **12482** |  | **2** | **12484** | **—** | **(3)** | **(3)** | **(1278)** | **(22753)** | **(24031)** | **56174** |
|  |  |  | 21 | 9955 |  |  |  |  | 12482 |  | 2 | 12484 |  | (3) | (3) | (1278) | (3345) | (4623) | 56173 |
|  |  |  | 1807 | 4878 | 552 |  |  | 552 |  |  |  |  |  |  |  |  | (19408) | (19408) | 1 |
| **—** |  | **—** | **—** | **243** | **3226** |  | **540** | **3766** | **—** |  | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **6316** |
| **—** |  | **8319** | **626** | **9612** | **—** |  | **—** | **—** | **—** |  | **227** | **227** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **15320** |
|  |  |  |  | 97 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 765 |
|  |  | 8319 | 626 | 9515 |  |  |  |  |  |  | 227 | 227 |  | (1) | (1) | (1) | (1) | (2) | 14555 |
| **2503** |  | **10519** | **5127** | **114667** | **3858** |  | **185812** | **189670** | **12482** |  | **1915** | **14397** | **(1688)** | **(120918)** | **(122606)** | **(1582)** | **(29774)** | **(31356)** | **742545** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **64** |  | **1067** | **275** | **14681** |  |  | **12** | **12** |  |  | **52** | **52** |  | **(2)** | **(2)** |  | **(1)** | **(1)** | **115950** |
| 4 |  | 462 |  | 3815 |  |  |  |  |  |  | 52 | 52 |  | (1) | (1) |  |  |  | 26231 |
| 60 |  | 605 | 275 | 10866 |  |  | 12 | 12 |  |  |  |  |  | (1) | (1) |  | (1) | (1) | 89719 |
| **64** |  | **1067** | **275** | **14681** |  |  | **12** | **12** |  |  | **52** | **52** |  | **(2)** | **(2)** |  | **(1)** | **(1)** | **115950** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
|  |  |  |  |  |  |  |  |  |  |  | **24500** | **24500** |  |  |  |  |  |  | **24500** |
|  |  |  |  |  |  |  |  |  |  |  | **24500** | **24500** |  |  |  |  |  |  | **24500** |

---

MINISTRY OF ATTORNEY GENERAL

($000)

**VOTE 17 Independent Investigations Office**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Independent Investigations Office** | **12622** | **9085** | **—** | **2495** | **—** | **11580** | **—** | **154** | **48** | **284** | **915** | **307** | **—** | **—** | **20** |
| **Total** | **12622** | **9085** | **—** | **2495** | **—** | **11580** | **—** | **154** | **48** | **284** | **915** | **307** | **—** | **—** | **20** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Public Guardian and Trustee Operating Account** | **12311** | **30324** | **383** | **7702** | **—** | **38409** | **—** | **279** | **—** | **1865** | **3972** | **995** | **—** | **—** | **5** |
| **Total** | **12311** | **30324** | **383** | **7702** | **—** | **38409** | **—** | **279** | **—** | **1865** | **3972** | **995** | **—** | **—** | **5** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
| **96** |  | **459** | **123** | **2406** |  |  |  |  |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **13983** |
| **96** |  | **459** | **123** | **2406** |  |  |  |  |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **13983** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 70 | 72 | 73 | 75 | Total<br> Operating<br> Costs | 77 | 79 | 80 | Total<br> Govt<br> Transfers | 81 | 83 | 85 | Total<br> Other<br> Expenses | 86 | 88 | Total<br> Internal<br> Recoveries | 89 | 90 | Total<br> External<br> Recoveries | Total<br> 2026/27<br> Operating<br> Expenses |
|  |  | **371** | **526** | **8013** |  |  |  |  |  |  | **307** | **307** |  |  |  |  | **(34247)** | **(34247)** | **12482** |
|  |  | **371** | **526** | **8013** |  |  |  |  |  |  | **307** | **307** |  |  |  |  | **(34247)** | **(34247)** | **12482** |

---

MINISTRY OF CHILDREN AND FAMILY DEVELOPMENT

($000)

**VOTE 18 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Early Childhood Development** | **46523** | **2398** | **11** | **609** | **—** | **3018** |  | **63** | **—** | **112** | **—** | **—** | **—** | **—** | **—** |
| **Services for Children and Youth with Support Needs** | **642212** | **25592** | **132** | **6499** | **—** | **32223** |  | **207** | **—** | **1100** | **—** | **713** | **—** | **—** | **83** |
| **Child and Youth Mental Health Services** | **130066** | **57734** | **1015** | **14735** | **—** | **73484** |  | **619** | **—** | **437** | **—** | **592** | **—** | **—** | **357** |
| **Child Safety, Family Support and Children in Care Services** | **1326498** | **165116** | **3415** | **41982** | **—** | **210513** |  | **1447** | **23949** | **234** | **—** | **36** | **83** | **22** | **84** |
| **Adoption Services** | **36138** | 7235 | **23** | **1845** | **—** | **9103** |  | **49** | **—** | **—** | **—** | **7** | **—** | **—** | **—** |
| **Youth Justice Services** | **55524** | **29231** | **876** | **7428** | **—** | **37535** |  | **228** | **—** | **27** | **—** | **6** | **—** | **—** | **831** |
| **Service Delivery Support** | **145118** | **98997** | **773** | **25524** | **—** | **125294** |  | **1215** | **4885** | **5698** | **416** | **4316** | **—** | **—** | **—** |
| **Executive and Support Services** | **18413** | **13012** | **12** | **3356** | **102** | **16482** |  | **382** | **2** | **—** |  | **988** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 987 | 593 |  | 193 | 102 | 888 |  | 80 |  |  |  | 19 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 17426 | 12419 | 12 | 3163 |  | 15594 |  | 302 | 2 |  |  | 969 |  |  |  |
| **Total** | **2400492** | **399315** | **6257** | **101978** | **102** | **507652** |  | **4210** | **28836** | **7608** | **416** | **6658** | **83** | **22** | **1355** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | |  | | | |  | | | |  | | |  |  | |  | Total |
| | | | | Total | | | | Total | | | | Total | | | Total |  | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal |  | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **175** | **—** | **10** | **43296** | **43306** | **—** | **—** | **1** | **1** | **—** | **(570)** | **(570)** | **(1)** | **(1)** | **(2)** | **45928** |
| **20** | **—** | **—** | **—** | **2123** | **2000** | **47221** | **771774** | **820995** | **—** | **—** | **22** | **22** | **—** | **(36801)** | **(36801)** | **(1)** | **(3728)** | **(3729)** | **814833** |
| **152** | **—** | **—** | **1032** | **3189** | **500** | **112** | **59866** | **60478** | **—** | **—** | **—** | **—** | **—** | **(8768)** | **(8768)** | **(660)** | **(115)** | **(775)** | **127608** |
| **8** | **—** | **—** | **100** | **25963** | **1000** | **98493** | **1211820** | **1311313** | **—** | **—** | **633** | **633** | **—** | **(1)** | **(1)** | **(148)** | **(75213)** | **(75361)** | **1473060** |
| **—** | **—** | **—** | **—** | **56** | **—** | **144** | **19819** | **19963** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **29119** |
| **131** | **—** | **—** | **—** | **1223** | **500** | **299** | **32054** | **32853** | **—** | **—** | **1** | **1** | **—** | **(1)** | **(1)** | **(1)** | **(17984)** | **(17985)** | **53626** |
| **1853** | **—** | **874** | **1353** | **20610** | **500** | **—** | **1770** | **2270** | **—** | **—** | **1538** | **1538** | **—** | **(1)** | **(1)** | **(1)** | **(198)** | **(199)** | **149512** |
| **—** | **—** | **21** | **79** | **1472** | **—** | **—** | **830** | **830** | **—** | **—** | **140** | **140** | **—** | **(1)** | **(1)** | **(1)** | **(680)** | **(681)** | **18242** |
|  |  |  |  | 99 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 987 |
|  |  | 21 | 79 | 1373 |  |  | 830 | 830 |  |  | 140 | 140 |  | (1) | (1) | (1) | (680) | (681) | 17255 |
| **2164** | **—** | **895** | **2564** | **54811** | **4500** | **146279** | **2141229** | **2292008** | **—** | **—** | **2335** | **2335** | **—** | **(46144)** | **(46144)** | **(814)** | **(97920)** | **(98734)** | **2711928** |

---

MINISTRY OF CITIZENS' SERVICES

($000)

**VOTE 19 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Services to Citizens and Businesses** | **46772** | **36961** | **262** | **9470** | **—** | **46693** |  | **433** | **201** | **968** | **12469** | **1098** |  | **20** | **45** |
| &nbsp;&nbsp;&nbsp;Service BC Operations | 45981 | 32461 | 228 | 8327 |  | 41016 |  | 390 | 105 | 536 | 8668 | 607 |  |  | 22 |
| &nbsp;&nbsp;&nbsp;BC Online | 790 | 2286 | 2 | 581 |  | 2869 |  | 10 | 85 | 432 | 2999 | 109 |  |  |  |
| &nbsp;&nbsp;&nbsp;BC Registry Services | 1 | 2214 | 32 | 562 |  | 2808 |  | 33 | 11 |  | 802 | 382 |  | 20 | 23 |
| **Connected Services BC** | **669267** | **181411** | **901** | **46511** | **—** | **228823** |  | **667** | **2903** | **17088** | **437246** | **3328** |  | **17** | **74** |
| **Connectivity** | **24235** | **2742** | **—** | **697** | **—** | **3439** |  | **40** | **62** | **223** | **430** | **44** |  | **—** | **—** |
| **Procurement and Supply Services** | **12265** | **25438** | **573** | **6461** | **—** | **32472** |  | **127** | **926** | **3473** | **6387** | **1054** |  | **—** | **2379** |
| **Executive and Support Services** | **6305** | **4408** | **6** | **1152** | **60** | **5626** |  | **82** | **298** | **128** | **46** | **133** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 715 | 431 |  | 133 | 60 | 624 |  | 59 |  |  | 10 | 20 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 5590 | 3977 | 6 | 1019 |  | 5002 |  | 23 | 298 | 128 | 36 | 113 |  |  |  |
| **Total** | **758844** | **250960** | **1742** | **64291** | **60** | **317053** |  | **1349** | **4390** | **21880** | **456578** | **5657** |  | **37** | **2498** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** |  | **3287** | **251** | **18772** | **—** | **—** | **—** | **—** |  |  | **907** | **907** | **—** | **(7068)** | **(7068)** | **(401)** | **(12131)** | **(12532)** | **46772** |
|  |  | 2082 | 9 | 12419 |  |  |  |  |  |  | 816 | 816 |  | (7068) | (7068) | (401) | (801) | (1202) | 45981 |
|  |  | 5 | 237 | 3877 |  |  |  |  |  |  | 9 | 9 |  |  |  |  | (5965) | (5965) | 790 |
|  |  | 1200 | 5 | 2476 |  |  |  |  |  |  | 82 | 82 |  |  |  |  | (5365) | (5365) | 1 |
| **6** |  | **101687** | **288** | **563304** | **851** | **36979** | **—** | **37830** |  |  | **40857** | **40857** | **(1)** | **(123686)** | **(123687)** | **(45998)** | **(49367)** | **(95365)** | **651762** |
| **—** |  | **—** | **—** | **799** | **—** | **—** | **20000** | **20000** |  |  | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **24235** |
| **6403** |  | **341** | **3954** | **25044** | **—** | **—** | **—** | **—** |  |  | **69398** | **69398** | **—** | **(68465)** | **(68465)** | **(12285)** | **(33899)** | **(46184)** | **12265** |
| **7** |  | **17** | **—** | **711** | **—** | **—** | **—** | **—** |  |  | **26** | **26** | **—** | **(23)** | **(23)** | **(4)** | **(31)** | **(35)** | **6305** |
|  |  | 2 |  | 91 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 715 |
| 7 |  | 15 |  | 620 |  |  |  |  |  |  | 26 | 26 |  | (23) | (23) | (4) | (31) | (35) | 5590 |
| **6416** |  | **105332** | **4493** | **608630** | **851** | **36979** | **20000** | **57830** |  |  | **111188** | **111188** | **(1)** | **(199243)** | **(199244)** | **(58689)** | **(95429)** | **(154118)** | **741339** |

---

MINISTRY OF EDUCATION AND CHILD CARE

($000)

**VOTE 20 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Public Schools** | **8185316** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Independent Schools** | **589091** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Transfers to Other Partners** | **63527** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Child Care** | **857222** | **53373** | **431** | **13557** | **—** | **67361** | **—** | **710** | **813** | **305** | **1** | **2479** | **98** | **—** | **—** |
| **Executive and Support Services** | **40759** | **25193** | **9** | **6441** | **78** | **31721** | **13** | **731** | **852** | **8064** | **2** | **571** | **373** | **200** | **24** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 1014 | 648 |  | 197 | 78 | 923 |  | 70 |  |  | 1 | 20 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 39745 | 24545 | 9 | 6244 |  | 30798 | 13 | 661 | 852 | 8064 | 1 | 551 | 373 | 200 | 24 |
| **Total** | **9735915** | **78566** | **440** | **19998** | **78** | **99082** | **13** | **1441** | **1665** | **8369** | **3** | **3050** | **471** | **200** | **24** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **British Columbia Training and Education Savings Program** | **30001** | **—** |  | **—** |  | **—** | **—** | **—** | **—** | **—** | **—** | **—** |  |  |  |
| ***Teachers Act* Special Account** | **9082** | **4947** |  | **1257** |  | **6204** | **505** | **30** | **900** | **51** | **239** | **691** |  |  |  |
| **Total** | **39083** | **4947** |  | **1257** |  | **6204** | **505** | **30** | **900** | **51** | **239** | **691** |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **—** | **—** | **—** | **201522** | **8112844** | **70493** | **8384859** |  |  | **1** | **1** | **—** | **(1)** | **(1)** | **(1)** | **(11999)** | **(12000)** | **8372859** |
|  |  | **—** | **—** | **—** | **4506** | **599951** | **—** | **604457** |  |  | **—** | **—** | **—** | **(1)** | **(1)** | **—** | **—** | **—** | **604456** |
|  |  | **—** | **—** | **—** | **39881** | **29546** | **1612** | **71039** |  |  | **—** | **—** | **—** | **(1)** | **(1)** | **(350)** | **(5406)** | **(5756)** | **65282** |
|  |  | **1** | **958** | **5365** | **1515985** | **190500** | **285912** | **1992397** |  |  | **5466** | **5466** | **—** | **(1)** | **(1)** | **(1)** | **(1123365)** | **(1123366)** | **947222** |
|  |  | **1** | **—** | **10831** | **301** | **—** | **829** | **1130** |  |  | **796** | **796** | **(1)** | **(1)** | **(2)** | **(1)** | **(4705)** | **(4706)** | **39770** |
|  |  |  |  | 91 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1014 |
|  |  | 1 |  | 10740 | 301 |  | 829 | 1130 |  |  | 796 | 796 | (1) | (1) | (2) | (1) | (4705) | (4706) | 38756 |
|  |  | **2** | **958** | **16196** | **1762195** | **8932841** | **358846** | **11053882** |  |  | **6263** | **6263** | **(1)** | **(5)** | **(6)** | **(353)** | **(1145475)** | **(1145828)** | **10029589** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  | **—** | **—** |  | **30000** |  | **30000** | **1** |  | **—** | **1** |  |  |  |  |  |  | **30001** |
|  |  |  | **455** | **2871** |  | **—** |  | **—** | **1** |  | **98** | **99** |  |  |  |  |  |  | **9174** |
|  |  |  | **455** | **2871** |  | **30000** |  | **30000** | **2** |  | **98** | **100** |  |  |  |  |  |  | **39175** |

---

MINISTRY OF EMERGENCY MANAGEMENT AND CLIMATE READINESS

($000)

**VOTE 21 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Emergency and Disaster Management Operations** | **36749** | **20554** | **6** | **5220** | **—** | **25780** |  | **400** | **1** | **1371** |  | **230** |  |  | **95** |
| **Climate Readiness Programs** | **36884** | **4557** | **—** | **1157** | **—** | **5714** |  | **190** | **1** | **273** |  | **1** |  |  | **—** |
| **Executive and Support Services** | **5749** | **3970** | **—** | **1033** | **60** | **5063** |  | **113** | **99** | **85** |  | **139** |  |  | **10** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 799 | 501 |  | 151 | 60 | 712 |  | 65 |  |  |  | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 4950 | 3469 |  | 882 |  | 4351 |  | 48 | 99 | 85 |  | 117 |  |  | 10 |
| **Total** | **79382** | **29081** | **6** | **7410** | **60** | **36557** |  | **703** | **101** | **1729** |  | **370** |  |  | **105** |

---

**VOTE 22 *Emergency and Disaster Management Act***

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Emergency and Disaster Management Act** | **30000** |  |  |  |  |  |  | **200** |  | **7000** |  |  |  |  | **7500** |
| **Financial Assistance** | **6420** |  |  |  |  |  |  | **—** |  | **—** |  |  |  |  | **—** |
| **Total** | **36420** |  |  |  |  |  |  | **200** |  | **7000** |  |  |  |  | **7500** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **346** | **—** | **152** | **1417** | **4012** | **780** |  | **5963** | **6743** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(490)** | **(491)** | **36043** |
| **—** | **—** | **—** | **—** | **465** | **—** |  | **36902** | **36902** | **—** | **—** | **2** | **2** | **—** | **(1)** | **(1)** | **(1)** | **(10000)** | **(10001)** | **33081** |
| **60** | **—** | **111** | **110** | **727** | **—** |  | **—** | **—** | **—** | **—** | **18** | **18** | **—** | **(527)** | **(527)** | **(1)** | **(1)** | **(2)** | **5279** |
|  |  |  |  | 87 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 799 |
| 60 |  | 111 | 110 | 640 |  |  |  |  |  |  | 18 | 18 |  | (527) | (527) | (1) | (1) | (2) | 4480 |
| **406** | **—** | **263** | **1527** | **5204** | **780** |  | **42865** | **43645** | **—** | **—** | **20** | **20** | **—** | **(529)** | **(529)** | **(3)** | **(10491)** | **(10494)** | **74403** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **2000** | **7000** | **—** |  | **23700** | **120** | **3181** | **3000** | **6301** | **—** | **—** | **1** | **1** | **—** | **(1)** | **(1)** | **—** | **(1)** | **(1)** | **30000** |
| **—** | **—** | **—** |  | **—** | **—** | **6420** | **—** | **6420** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **6420** |
| **2000** | **7000** | **—** |  | **23700** | **120** | **9601** | **3000** | **12721** | **—** | **—** | **1** | **1** | **—** | **(1)** | **(1)** | **—** | **(1)** | **(1)** | **36420** |

---

MINISTRY OF ENERGY AND CLIMATE SOLUTIONS

($000)

**VOTE 23 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Climate Action** | **18710** | **8134** | **—** | **2066** | **—** | **10200** |  | **132** | **—** | **2234** | **—** | **6846** | **—** |  | **9** |
| **CleanBC Program for Industry and BC-Output Based Pricing System** | **4151** | **4162** | **—** | **1056** | **—** | **5218** |  | **31** | **—** | **1200** | **—** | **68** | **—** |  | **—** |
| **Energy Decarbonization** | **36978** | **7466** | **—** | **1896** | **—** | **9362** |  | **79** | **—** | **1671** | **—** | **88** | **354** |  | **—** |
| **Electricity and Utility Regulation** | **3219** | **2945** | **—** | **746** | **—** | **3691** |  | **79** | **300** | **603** | **—** | **74** | **20** |  | **—** |
| **Energy Resources** | **18275** | **8799** | **—** | **2235** | **—** | **11034** |  | **351** | **—** | **2443** | **—** | **362** | **—** |  | **69** |
| **Executive and Support Services** | **4872** | **2052** | **17** | **547** | **60** | **2676** |  | **144** | **359** | **56** | **1** | **201** | **—** |  | **22** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 821 | 518 |  | 156 | 60 | 734 |  | 66 |  |  |  | 24 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 4051 | 1534 | 17 | 391 |  | 1942 |  | 78 | 359 | 56 | 1 | 177 |  |  | 22 |
| **Total** | **86205** | **33558** | **17** | **8546** | **60** | **42181** |  | **816** | **659** | **8207** | **1** | **7639** | **374** |  | **100** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **First Nations Clean Energy Business Fund special account** | **10359** | **159** |  | **41** |  | **200** |  | **—** |  | **—** |  | **—** |  |  |  |
| **Innovative Clean Energy Fund special account** | **10905** | **325** |  | **82** |  | **407** |  | **5** |  | **16** |  | **5** |  |  |  |
| **Total** | **21264** | **484** |  | **123** |  | **607** |  | **5** |  | **16** |  | **5** |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** |  | **—** | **—** | **9221** | **570** |  | **550** | **1120** |  |  | **6** | **6** | **(1305)** | **(2000)** | **(3305)** | **(1)** | **(82)** | **(83)** | **17159** |
| **—** |  | **—** | **—** | **1299** | **—** |  | **—** | **—** |  |  | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **6514** |
| **—** |  | **—** | **—** | **2192** | **—** |  | **24863** | **24863** |  |  | **1** | **1** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **36415** |
| **—** |  | **—** | **—** | **1076** | **—** |  | **1505** | **1505** |  |  | **3** | **3** | **—** | **(1)** | **(1)** | **(1)** | **(3329)** | **(3330)** | **2944** |
| **63** |  | **5585** | **—** | **8873** | **—** |  | **100** | **100** |  |  | **55** | **55** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **20059** |
| **1** |  | **45** | **210** | **1039** | **12** |  | **—** | **12** |  |  | **2872** | **2872** | **—** | **(2)** | **(2)** | **(2)** | **(2)** | **(4)** | **6593** |
|  |  |  |  | 90 |  |  |  |  |  |  |  |  |  | (1) | (1) | (1) | (1) | (2) | 821 |
| 1 |  | 45 | 210 | 949 | 12 |  |  | 12 |  |  | 2872 | 2872 |  | (1) | (1) | (1) | (1) | (2) | 5772 |
| **64** |  | **5630** | **210** | **23700** | **582** |  | **27018** | **27600** |  |  | **2937** | **2937** | **(1305)** | **(2006)** | **(3311)** | **(7)** | **(3416)** | **(3423)** | **89684** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  | **—** | **7851** |  | **2534** | **10385** |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **10582** |
|  |  |  |  | **26** | **—** |  | **8305** | **8305** |  |  |  |  |  | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **8735** |
|  |  |  |  | **26** | **7851** |  | **10839** | **18690** |  |  |  |  |  | **(2)** | **(2)** | **(2)** | **(2)** | **(4)** | **19317** |

---

MINISTRY OF ENVIRONMENT AND PARKS

($000)

**VOTE 24 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Environmental Protection** | **30556** | **34383** | **294** | **8833** | **—** | **43510** |  | **881** | **—** | **6400** |  | **1418** |  | **—** | **1003** |
| **Conservation and Recreation Division** | **98936** | **42470** | **208** | **10905** | **—** | **53583** |  | **1072** | **—** | **2158** |  | **1349** |  | **19** | **19136** |
| **Executive and Support Services** | **25863** | **3401** | **13** | **888** | **60** | **4362** |  | **168** | **1509** | **170** |  | **1329** |  | **—** | **58** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 817 | 504 |  | 152 | 60 | 716 |  | 90 |  |  |  | 11 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 25046 | 2897 | 13 | 736 |  | 3646 |  | 78 | 1509 | 170 |  | 1318 |  |  | 58 |
| **Total** | **155355** | **80254** | **515** | **20626** | **60** | **101455** |  | **2121** | **1509** | **8728** |  | **4096** |  | **19** | **20197** |

---

**VOTE 25 Environmental Assessment Office**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Environmental Assessment Office** | **16781** | **9510** | **62** | **2423** |  | **11995** | **1** | **496** | **645** | **703** |  | **158** |  |  | **3** |
| **Total** | **16781** | **9510** | **62** | **2423** |  | **11995** | **1** | **496** | **645** | **703** |  | **158** |  |  | **3** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Park Enhancement Fund special account** | **13033** | **5636** | **100** | **1431** |  | **7167** |  | **236** |  | **4808** | **700** | **42** |  |  | **3483** |
| **Sustainable Environment Fund** | **28690** | **—** | **—** | **—** |  | **—** |  | **—** |  | **—** | **—** | **—** |  |  | **—** |
| **Total** | **41723** | **5636** | **100** | **1431** |  | **7167** |  | **236** |  | **4808** | **700** | **42** |  |  | **3483** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **863** |  | **216** | **18** | **10799** | **195** |  | **4447** | **4642** |  |  | **445** | **445** | **(26632)** | **(1)** | **(26633)** | **(26)** | **(2190)** | **(2216)** | **30547** |
| **676** |  | **15267** | **—** | **39677** | **195** |  | **265** | **460** |  |  | **91** | **91** | **(436)** | **(2)** | **(438)** | **(2)** | **(353)** | **(355)** | **93018** |
| **2491** |  | **3103** | **691** | **9519** | **48** |  | **—** | **48** |  |  | **12166** | **12166** | **(317)** | **(1)** | **(318)** | **(1)** | **(1)** | **(2)** | **25775** |
|  |  |  |  | 101 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 817 |
| 2491 |  | 3103 | 691 | 9418 | 48 |  |  | 48 |  |  | 12166 | 12166 | (317) | (1) | (318) | (1) | (1) | (2) | 24958 |
| **4030** |  | **18586** | **709** | **59995** | **438** |  | **4712** | **5150** |  |  | **12702** | **12702** | **(27385)** | **(4)** | **(27389)** | **(29)** | **(2544)** | **(2573)** | **149340** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  | | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **2** |  | **5** | **1** | **2014** | **2400** |  | **1150** | **3550** |  |  | **124** | **124** |  | **(1)** | **(1)** | **(1)** | **(900)** | **(901)** | **16781** |
| **2** |  | **5** | **1** | **2014** | **2400** |  | **1150** | **3550** |  |  | **124** | **124** |  | **(1)** | **(1)** | **(1)** | **(900)** | **(901)** | **16781** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| |  |  | |  |  | |  |  |  |  |  |  |  |  |  |  |  |  | Total |
| |  |  | | Total |  | |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
| |  |  | | Operating |  | |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  | **9269** | **1016** |  | **1848** | **2864** | **—** |  | **800** | **800** |  |  |  | **(800)** |  | **(800)** | **19300** |
|  |  |  |  | **—** | **—** |  | **—** | **—** | **28690** |  | **—** | **28690** |  |  |  | **—** |  | **—** | **28690** |
|  |  |  |  | **9269** | **1016** |  | **1848** | **2864** | **28690** |  | **800** | **29490** |  |  |  | **(800)** |  | **(800)** | **47990** |

---

MINISTRY OF FINANCE

($000)

**VOTE 26 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Treasury Board Staff** | **9939** | **7613** | **60** | **1934** | **—** | **9607** | **—** | **54** | **102** | **73** |  | **69** | **—** | **221** | **1** |
| **Office of the Comptroller General** | **16329** | **14847** | **114** | **3771** | **—** | **18732** | **—** | **42** | **118** | **10** |  | **240** | **—** | **12** | **—** |
| &nbsp;&nbsp;&nbsp;Office of the Comptroller General | 13464 | 11410 | 94 | 2898 |  | 14402 |  | 6 | 116 |  |  | 226 |  | 12 |  |
| &nbsp;&nbsp;&nbsp;Internal Audit and Advisory Services | 2865 | 3437 | 20 | 873 |  | 4330 |  | 36 | 2 | 10 |  | 14 |  |  |  |
| **Treasury** | **1** | **7626** | **46** | **1987** | **—** | **9659** | **—** | **49** | **180** | **615** |  | **815** | **—** | **—** | **—** |
| **Revenue Division** | **275125** | **81446** | **827** | **20689** | **—** | **102962** | **—** | **1088** | **3581** | **5866** |  | **8197** | **504** | **5** | **17** |
| **Policy and Legislation** | **9134** | **6584** | **12** | **1672** | **—** | **8268** | **1379** | **80** | **641** | **75** |  | **214** | **—** | **1** | **—** |
| &nbsp;&nbsp;&nbsp;Policy and Legislation | 9133 | 6265 | 12 | 1591 |  | 7868 |  | 68 | 621 | 29 |  | 45 |  | 1 |  |
| &nbsp;&nbsp;&nbsp;Assessment Services | 1 | 319 |  | 81 |  | 400 | 1379 | 12 | 20 | 46 |  | 169 |  |  |  |
| **Public Sector Employers' Council Secretariat** | **31992** | **2474** | **40** | **628** | **—** | **3142** | **—** | **100** | **100** | **25** |  | **49** | **—** | **—** | **—** |
| **Crown Agencies Secretariat** | **7420** | **4367** | **35** | **1117** | **—** | **5519** | **—** | **59** | **305** | **515** |  | **99** | **—** | **—** | **5** |
| **Transfers to Crown Corporations and Agencies** | **6361** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |  | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Innovate BC | 6361 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Executive and Support Services** | **28036** | **13567** | **65** | **3506** | **96** | **17234** | **—** | **871** | **371** | **8248** |  | **463** | **773** | **—** | **6** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 1440 | 914 |  | 272 | 96 | 1282 |  | 133 |  |  |  | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 26596 | 12653 | 65 | 3234 |  | 15952 |  | 738 | 371 | 8248 |  | 441 | 773 |  | 6 |
| **Total** | **384337** | **138524** | **1199** | **35304** | **96** | **175123** | **1379** | **2343** | **5398** | **15427** |  | **10146** | **1277** | **239** | **29** |

---

**VOTE 27 Government Communications and Public Engagement**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Government Communications** | **30630** | **20293** | **100** | **5215** |  | **25608** |  | **176** | **34** | **790** |  | **932** | **2337** |  | **38** |
| **Total** | **30630** | **20293** | **100** | **5215** |  | **25608** |  | **176** | **34** | **790** |  | **932** | **2337** |  | **38** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **12** |  | **43** | **2** | **577** | **—** | **—** | **—** | **—** |  |  | **12** | **12** |  | **(250)** | **(250)** | **(1)** | **(9)** | **(10)** | **9936** |
| **—** |  | **195** | **—** | **617** | **—** | **—** | **—** | **—** |  |  | **16** | **16** |  | **(2837)** | **(2837)** | **(207)** | **(2)** | **(209)** | **16319** |
|  |  | 195 |  | 555 |  |  |  |  |  |  | 11 | 11 |  | (1454) | (1454) | (58) | (1) | (59) | 13455 |
|  |  |  |  | 62 |  |  |  |  |  |  | 5 | 5 |  | (1383) | (1383) | (149) | (1) | (150) | 2864 |
| **—** |  | **9** | **1** | **1669** | **—** | **—** | **—** | **—** |  |  | **46306** | **46306** |  | **(11969)** | **(11969)** | **(1135)** | **(44529)** | **(45664)** | **1** |
| **91** |  | **3619** | **55** | **23023** | **85711** | **7780** | **2467** | **95958** |  |  | **73345** | **73345** |  | **(1566)** | **(1566)** | **(1001)** | **(17706)** | **(18707)** | **275015** |
| **—** |  | **4** | **—** | **2394** | **—** | **—** | **—** | **—** |  |  | **2** | **2** |  | **(1)** | **(1)** | **(2030)** | **(1)** | **(2031)** | **8632** |
|  |  |  |  | 764 |  |  |  |  |  |  | 2 | 2 |  | (1) | (1) | (1) | (1) | (2) | 8631 |
|  |  | 4 |  | 1630 |  |  |  |  |  |  |  |  |  |  |  | (2029) |  | (2029) | 1 |
| **—** |  | **—** | **—** | **274** | **29002** | **900** | **—** | **29902** |  |  | **3** | **3** |  | **(2510)** | **(2510)** | **(1)** | **(20)** | **(21)** | **30790** |
| **—** |  | **—** | **410** | **1393** | **—** | **—** | **85000** | **85000** |  |  | **14** | **14** |  | **(32)** | **(32)** | **(1)** | **(85002)** | **(85003)** | **6891** |
| **—** |  | **—** | **—** | **—** | **—** | **—** | **6361** | **6361** |  |  | **—** | **—** |  | **—** | **—** | **—** | **—** | **—** | **6361** |
|  |  |  |  |  |  |  | 6361 | 6361 |  |  |  |  |  |  |  |  |  |  | 6361 |
| **8** |  | **3** | **1** | **10744** | **170** | **—** | **—** | **170** |  |  | **54** | **54** |  | **(282)** | **(282)** | **(1)** | **(1)** | **(2)** | **27918** |
|  |  |  |  | 155 |  |  |  |  |  |  | 3 | 3 |  |  |  |  |  |  | 1440 |
| 8 |  | 3 | 1 | 10589 | 170 |  |  | 170 |  |  | 51 | 51 |  | (282) | (282) | (1) | (1) | (2) | 26478 |
| **111** |  | **3873** | **469** | **40691** | **114883** | **8680** | **93828** | **217391** |  |  | **119752** | **119752** |  | **(19447)** | **(19447)** | **(4377)** | **(147270)** | **(151647)** | **381863** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **300** | **15** | **4622** |  |  |  |  |  |  | **61** | **61** |  | **(600)** | **(600)** | **(200)** | **(61)** | **(261)** | **29430** |
|  |  | **300** | **15** | **4622** |  |  |  |  |  |  | **61** | **61** |  | **(600)** | **(600)** | **(200)** | **(61)** | **(261)** | **29430** |

---

MINISTRY OF FINANCE

($000)

**VOTE 28 BC Public Service Agency**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **BC Public Service Agency** | **119693** | **68151** | **402** | **17311** |  | **85864** |  | **1143** | **307** | **2186** | **28119** | **5137** | **780** |  |  |
| &nbsp;&nbsp;&nbsp;Ministry HR Services | 35534 | 26623 | 190 | 6762 |  | 33575 |  | 16 |  | 248 |  | 484 |  |  |  |
| &nbsp;&nbsp;&nbsp;Human Resources Operations | 18198 | 13593 | 120 | 3453 |  | 17166 |  | 164 |  | 29 |  | 373 | 780 |  |  |
| &nbsp;&nbsp;&nbsp;Strategy, Policy and Partnerships | 11010 | 7490 | 63 | 1902 |  | 9455 |  | 410 |  | 1306 |  | 1171 |  |  |  |
| &nbsp;&nbsp;&nbsp;Communications, Learning and Engagement | 2125 | 4349 | 10 | 1105 |  | 5464 |  | 89 |  | 378 |  | 1374 |  |  |  |
| &nbsp;&nbsp;&nbsp;Employee Relations | 5796 | 4473 | 1 | 1136 |  | 5610 |  | 265 | 246 |  |  | 120 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 47030 | 11623 | 18 | 2953 |  | 14594 |  | 199 | 61 | 225 | 28119 | 1615 |  |  |  |
| **Total** | **119693** | **68151** | **402** | **17311** |  | **85864** |  | **1143** | **307** | **2186** | **28119** | **5137** | **780** |  |  |

---

**VOTE 29 Benefits and Other Employment Costs**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Benefits and Other Employment Costs** | **1** | **11386** |  | **880632** |  | **892018** |  | **187** | **3457** | **1241** | **1097** | **440** |  |  |  |
| &nbsp;&nbsp;&nbsp;Pension Contribution and Retirement Benefits | 511118 |  |  | 546009 |  | 546009 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Employer Health Tax | 67826 |  |  | 70000 |  | 70000 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Employee Health Benefits | 167783 |  |  | 255789 |  | 255789 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Long Term Disability | 49099 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Benefits | 9079 |  |  | 5942 |  | 5942 |  |  | 3457 | 250 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Benefits Administration | 11970 | 11386 |  | 2892 |  | 14278 |  | 187 |  | 991 | 1097 | 440 |  |  |  |
| &nbsp;&nbsp;&nbsp;Recoveries | (816874) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **1** | **11386** |  | **880632** |  | **892018** |  | **187** | **3457** | **1241** | **1097** | **440** |  |  |  |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **First Nations Equity Financing special account** | **—** | **—** | **—** | **—** |  | **—** |  | **—** | **—** | **—** |  | **—** |  |  |  |
| **Housing Priority Initiatives special account** | **878154** | **—** | **—** | **—** |  | **—** |  | **—** | **—** | **—** |  | **—** |  |  |  |
| **Insurance and Risk Management Account** | **6177** | **5732** | **5** | **1456** |  | **7193** |  | **100** | **1070** | **1019** |  | **162** |  |  |  |
| **Land Tax Deferment Act** | **92000** | **—** | **—** | **—** |  | **—** |  | **—** | **—** | **—** |  | **—** |  |  |  |
| **Long Term Disability Fund special account** | **76496** | **—** | **—** | **74500** |  | **74500** |  | **—** | **—** | **901** |  | **—** |  |  |  |
| **Provincial Home Acquisition Wind Up special account** | **10** | **—** | **—** | **—** |  | **—** |  | **—** | **—** | **—** |  | **—** |  |  |  |
| **Total** | **1052837** | **5732** | **5** | **75956** |  | **81693** |  | **100** | **1070** | **1920** |  | **162** |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  | **491** | **93** | **38256** |  |  |  |  |  |  | **14945** | **14945** | **(450)** | **(18888)** | **(19338)** | **(2478)** | **(1899)** | **(4377)** | **115350** |
|  |  |  |  | 748 |  |  |  |  |  |  | 3044 | 3044 |  | (2843) | (2843) | (263) |  | (263) | 34261 |
|  |  |  |  | 1346 |  |  |  |  |  |  | 45 | 45 |  | (325) | (325) | (25) | (25) | (50) | 18182 |
|  |  |  | 83 | 2970 |  |  |  |  |  |  |  |  |  | (1590) | (1590) |  | (4) | (4) | 10831 |
|  |  |  |  | 1841 |  |  |  |  |  |  | 8049 | 8049 |  | (13286) | (13286) |  |  |  | 2068 |
|  |  |  |  | 631 |  |  |  |  |  |  | 9 | 9 | (450) | (3) | (453) |  | (6) | (6) | 5791 |
|  |  | 491 | 10 | 30720 |  |  |  |  |  |  | 3798 | 3798 |  | (841) | (841) | (2190) | (1864) | (4054) | 44217 |
|  |  | **491** | **93** | **38256** |  |  |  |  |  |  | **14945** | **14945** | **(450)** | **(18888)** | **(19338)** | **(2478)** | **(1899)** | **(4377)** | **115350** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  | **6422** |  |  | **350** | **350** | **38228** |  | **201** | **38429** | **(14093)** | **(833483)** | **(847576)** | **(14009)** | **(75633)** | **(89642)** | **1** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4695) | (9224) | (13919) | 532090 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2174) | (2174) | 67826 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (10767) |  | (10767) | (8606) | (61178) | (69784) | 175238 |
|  |  |  |  |  |  |  |  |  | 38228 |  |  | 38228 |  |  |  | (336) | (995) | (1331) | 36897 |
|  |  |  |  | 3707 |  |  |  |  |  |  |  |  | (12) |  | (12) | (68) | (490) | (558) | 9079 |
|  |  |  |  | 2715 |  |  | 350 | 350 |  |  | 201 | 201 | (3314) | (83) | (3397) | (304) | (1572) | (1876) | 12271 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (833400) | (833400) |  |  |  | (833400) |
|  |  |  |  | **6422** |  |  | **350** | **350** | **38228** |  | **201** | **38429** | **(14093)** | **(833483)** | **(847576)** | **(14009)** | **(75633)** | **(89642)** | **1** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** |  | **—** |  | **—** | **—** |  |  | **—** | **—** |  | **—** | **—** |  | **—** | **—** | **—** | **—** | **—** | **—** |
| **—** |  | **—** |  | **—** | **480833** |  |  | **480833** | **—** |  | **9610** | **9610** |  | **—** | **—** | **(9600)** | **—** | **(9600)** | **480843** |
| **4480** |  | **50** |  | **6881** | **—** |  |  | **—** | **—** |  | **42379** | **42379** |  | **(47729)** | **(47729)** | **(2270)** | **(151)** | **(2421)** | **6303** |
| **—** |  | **—** |  | **—** | **92000** |  |  | **92000** | **—** |  | **—** | **—** |  | **—** | **—** | **—** | **—** | **—** | **92000** |
| **—** |  | **—** |  | **901** | **—** |  |  | **—** | **14543** |  | **70** | **14613** |  | **(763)** | **(763)** | **(2280)** | **(9795)** | **(12075)** | **77176** |
| **—** |  | **—** |  | **—** | **—** |  |  | **—** | **—** |  | **10** | **10** |  | **—** | **—** | **—** | **—** | **—** | **10** |
| **4480** |  | **50** |  | **7782** | **572833** |  |  | **572833** | **14543** |  | **52069** | **66612** |  | **(48492)** | **(48492)** | **(14150)** | **(9946)** | **(24096)** | **656332** |

---

MINISTRY OF FORESTS

($000)

**VOTE 30 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Provincial Operations** | **115822** | **22162** | **115** | **5630** | **—** | **27907** |  | **79** | **—** | **26627** | **121** | **245** |  | **—** | **224** |
| **Office of the Chief Forester** | **48806** | **19312** | **76** | **4905** | **—** | **24293** |  | **448** | **—** | **10863** | **150** | **181** |  | **6** | **3261** |
| **Tenures and Economics** | **21205** | **12010** | **129** | **3049** | **—** | **15188** |  | **253** | **—** | **649** | **210** | **197** |  | **—** | **1** |
| **Fire Preparedness** | **49290** | **27182** | **9** | **6904** | **—** | **34095** |  | **1** | **—** | **1244** | **61** | **792** |  | **1** | **1697** |
| **Regional Operations** | **101032** | **68912** | **701** | **17504** | **—** | **87117** |  | **581** | **95** | **11009** | **353** | **1206** |  | **14** | **548** |
| **Transfers to Crown Corporations and Agencies** | **40366** | **—** | **—** | **—** | **—** | **—** |  | **—** | **—** | **—** | **—** | **—** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Forestry Innovation Investment Ltd. | 20366 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Forest Enhancement Society of BC | 20000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Executive and Support Services** | **43529** | **8880** | **43** | **2282** | **60** | **11265** |  | **285** | **5928** | **1738** | **188** | **965** |  | **—** | **870** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 975 | 603 |  | 177 | 60 | 840 |  | 102 |  |  | 10 | 23 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 42554 | 8277 | 43 | 2105 |  | 10425 |  | 183 | 5928 | 1738 | 178 | 942 |  |  | 870 |
| **Total** | **420050** | **158458** | **1073** | **40274** | **60** | **199865** |  | **1647** | **6023** | **52130** | **1083** | **3586** |  | **21** | **6601** |

---

**VOTE 31 Fire Management**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Fire Management** | **238047** | **92071** | **4247** | **23386** |  | **119704** |  | **2261** | **1000** | **47967** | **2145** | **3577** |  | **149** | **14789** |
| **Total** | **238047** | **92071** | **4247** | **23386** |  | **119704** |  | **2261** | **1000** | **47967** | **2145** | **3577** |  | **149** | **14789** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **BC Timber Sales Account** | **240147** | **33004** | **208** | **8383** |  | **41595** |  | **876** | **850** | **92727** | **679** | **690** |  | **20** | **1050** |
| **Forest Stand Management Fund** | **—** | **—** | **—** | **—** |  | **—** |  | **32** | **—** | **637** | **—** | **10** |  | **—** | **84** |
| **Total** | **240147** | **33004** | **208** | **8383** |  | **41595** |  | **908** | **850** | **93364** | **679** | **700** |  | **20** | **1134** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **311** | **27467** | **5764** | **—** | **60838** | **—** |  | **—** | **—** | **25449** |  | **28** | **25477** | **(401)** | **(87)** | **(488)** | **(3)** | **(78)** | **(81)** | **113653** |
| **1714** | **10** | **19** | **55** | **16707** | **265** |  | **4326** | **4591** | **4430** |  | **249** | **4679** | **(101)** | **(361)** | **(462)** | **(1)** | **(2374)** | **(2375)** | **47433** |
| **59** | **—** | **—** | **23** | **1392** | **20** |  | **66** | **86** | **—** |  | **578** | **578** | **(2)** | **(3)** | **(5)** | **(753)** | **(3)** | **(756)** | **16483** |
| **552** | **—** | **—** | **606** | **4954** | **5932** |  | **2325** | **8257** | **—** |  | **24** | **24** | **(1)** | **(1)** | **(2)** | **(1)** | **(36)** | **(37)** | **47291** |
| **910** | **366** | **407** | **4** | **15493** | **780** |  | **2521** | **3301** | **—** |  | **191** | **191** | **(1503)** | **(535)** | **(2038)** | **(1)** | **(5212)** | **(5213)** | **98851** |
| **—** | **—** | **—** | **—** | **—** | **—** |  | **39736** | **39736** | **—** |  | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **39736** |
|  |  |  |  |  |  |  | 20366 | 20366 |  |  |  |  |  |  |  |  |  |  | 20366 |
|  |  |  |  |  |  |  | 19370 | 19370 |  |  |  |  |  |  |  |  |  |  | 19370 |
| **5081** | **—** | **16146** | **277** | **31478** | **—** |  | **—** | **—** | **1** |  | **14416** | **14417** | **(8098)** | **(5681)** | **(13779)** | **(429)** | **(1)** | **(430)** | **42951** |
|  |  |  |  | 135 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 975 |
| 5081 |  | 16146 | 277 | 31343 |  |  |  |  | 1 |  | 14416 | 14417 | (8098) | (5681) | (13779) | (429) | (1) | (430) | 41976 |
| **8627** | **27843** | **22336** | **965** | **130862** | **6997** |  | **48974** | **55971** | **29880** |  | **15486** | **45366** | **(10106)** | **(6668)** | **(16774)** | **(1188)** | **(7704)** | **(8892)** | **406398** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **55360** |  | **105** |  | **127353** | **2920** |  | **4655** | **7575** |  |  | **62** | **62** | **(1800)** | **(1)** | **(1801)** | **(1)** | **(17190)** | **(17191)** | **235702** |
| **55360** |  | **105** |  | **127353** | **2920** |  | **4655** | **7575** |  |  | **62** | **62** | **(1800)** | **(1)** | **(1801)** | **(1)** | **(17190)** | **(17191)** | **235702** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **1890** |  | **42364** | **50** | **141196** | **150** |  | **49** | **199** | **11906** |  | **102493** | **114399** | **(29880)** | **(1)** | **(29881)** | **(1)** | **(1)** | **(2)** | **267506** |
| **11** |  | **—** | **—** | **774** | **250** |  | **—** | **250** | **—** |  | **—** | **—** | **—** | **—** | **—** | **—** | **(1024)** | **(1024)** | **—** |
| **1901** |  | **42364** | **50** | **141970** | **400** |  | **49** | **449** | **11906** |  | **102493** | **114399** | **(29880)** | **(1)** | **(29881)** | **(1)** | **(1025)** | **(1026)** | **267506** |

---

MINISTRY OF HEALTH

($000)

**VOTE 32 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Health Programs** | **34762544** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **66061** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Regional Services | 24782281 |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Medical Services Plan | 8128050 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;PharmaCare | 1787903 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Health Benefits Operations | 64310 |  |  |  |  |  |  |  |  | 66060 |  |  |  |  |  |
| **Recoveries from Health Special Account** | **(147250)** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Executive and Support Services** | **254108** | **159553** | **469** | **40574** | **114** | **200710** | **1192** | **1383** | **7201** | **39211** | **17548** | **5957** | **2620** | **199** | **248** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 1271 | 778 |  | 244 | 114 | 1136 |  | 113 |  |  |  | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;Stewardship and Corporate Services | 252837 | 158775 | 469 | 40330 |  | 199574 | 1192 | 1270 | 7201 | 39211 | 17548 | 5935 | 2620 | 199 | 248 |
| **Total** | **34869402** | **159553** | **469** | **40574** | **114** | **200710** | **1192** | **1383** | **7201** | **105272** | **17548** | **5957** | **2620** | **199** | **248** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Health Special Account** | **147250** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **147250** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** |  |  | **—** | **66061** | **22213** | **24344811** | **12970582** | **37337606** |  |  | **151** | **151** | **—** | **(3201)** | **(3201)** | **(6)** | **(1541565)** | **(1541571)** | **35859046** |
|  |  |  |  | 1 | 22213 | 24344811 | 1670633 | 26037657 |  |  |  |  |  | (1) | (1) | (6) | (750302) | (750308) | 25287349 |
|  |  |  |  |  |  |  | 9130032 | 9130032 |  |  | 150 | 150 |  | (3200) | (3200) |  | (217000) | (217000) | 8909982 |
|  |  |  |  |  |  |  | 2169917 | 2169917 |  |  | 1 | 1 |  |  |  |  | (572513) | (572513) | 1597405 |
|  |  |  |  | 66060 |  |  |  |  |  |  |  |  |  |  |  |  | (1750) | (1750) | 64310 |
| **—** |  |  | **—** | **—** | **—** | **—** | **—** | **—** |  |  | **—** | **—** | **(147250)** | **—** | **(147250)** | **—** | **—** | **—** | **(147250)** |
| **58** |  |  | **3546** | **79163** | **32** | **—** | **4813** | **4845** |  |  | **7765** | **7765** | **—** | **(24249)** | **(24249)** | **(4808)** | **(6347)** | **(11155)** | **257079** |
|  |  |  |  | 135 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1271 |
| 58 |  |  | 3546 | 79028 | 32 |  | 4813 | 4845 |  |  | 7765 | 7765 |  | (24249) | (24249) | (4808) | (6347) | (11155) | 255808 |
| **58** |  |  | **3546** | **145224** | **22245** | **24344811** | **12975395** | **37342451** |  |  | **7916** | **7916** | **(147250)** | **(27450)** | **(174700)** | **(4814)** | **(1547912)** | **(1552726)** | **35968875** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  |  |  |  |  |  | **147250** |  |  | **147250** |  |  |  |  |  |  | **147250** |
|  |  |  |  |  |  |  |  |  | **147250** |  |  | **147250** |  |  |  |  |  |  | **147250** |

---

MINISTRY OF HOUSING AND MUNICIPAL AFFAIRS

($000)

**VOTE 33 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Building, Governance and Innovation** | **6675** | **4875** | **1** | **1238** | **—** | **6114** |  | **79** | **—** | **90** | **46** | **51** |  | **—** | **—** |
| **Housing and Homelessness Programs** | **22894** | **16485** | **23** | **4188** | **—** | **20696** |  | **64** | **316** | **4036** | **2157** | **1019** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential Tenancy | 15834 | 11883 | 23 | 3019 |  | 14925 |  | 36 | 1 | 362 | 39 | 184 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Rental Branch |  | 2376 |  | 604 |  | 2980 |  |  | 300 |  | 2091 | 827 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Housing and Homelessness | 7060 | 2226 |  | 565 |  | 2791 |  | 28 | 15 | 3674 | 27 | 8 |  |  |  |
| **Housing and Land Use Policy** | **15054** | **6722** | **3** | **1707** | **—** | **8432** |  | **23** | **342** | **502** | **852** | **26** |  | **—** | **—** |
| **Local Government** | **224359** | **11092** | **91** | **2817** | **—** | **14000** |  | **143** | **665** | **2959** | **130** | **551** |  | **2** | **7941** |
| &nbsp;&nbsp;&nbsp;&nbsp;Local Government Services and Transfers | 218159 | 9021 | 55 | 2291 |  | 11367 |  | 133 | 545 | 129 |  | 136 |  | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;University Endowment Lands | 6200 | 2071 | 36 | 526 |  | 2633 |  | 10 | 120 | 2830 | 130 | 415 |  |  | 7941 |
| **Transfers to Crown Corporations and Agencies** | **1224953** | **—** | **—** | **—** | **—** | **—** |  | **—** | **—** | **—** | **—** | **—** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;British Columbia Housing Management Commission | 1224953 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Executive and Support Services** | **12760** | **8829** | **51** | **2267** | **60** | **11207** |  | **157** | **27** | **84** | **69** | **159** |  | **—** | **12** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 1357 | 918 |  | 257 | 60 | 1235 |  | 90 |  |  | 10 | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 11403 | 7911 | 51 | 2010 |  | 9972 |  | 67 | 27 | 84 | 59 | 137 |  |  | 12 |
| **Total** | **1506695** | **48003** | **169** | **12217** | **60** | **60449** |  | **466** | **1350** | **7671** | **3254** | **1806** |  | **2** | **7953** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Housing Endowment Fund special account** | **12884** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **University Endowment Lands Administration Account** | **15112** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **27996** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** |  | **—** | **13** | **279** | **—** | **—** | **—** | **—** |  |  | **12** | **12** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **6402** |
| **—** |  | **—** | **—** | **7592** | **50** | **—** | **—** | **50** |  |  | **120** | **120** | **—** | **(2)** | **(2)** | **(2)** | **(6226)** | **(6228)** | **22228** |
|  |  |  |  | 622 |  |  |  |  |  |  | 75 | 75 |  | (1) | (1) | (1) | (1) | (2) | 15619 |
|  |  |  |  | 3218 |  |  |  |  |  |  | 30 | 30 |  | (1) | (1) | (1) | (6225) | (6226) | 1 |
|  |  |  |  | 3752 | 50 |  |  | 50 |  |  | 15 | 15 |  |  |  |  |  |  | 6608 |
| **—** |  | **—** | **23** | **1768** | **—** | **—** | **2** | **2** |  |  | **42** | **42** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **10241** |
| **250** |  | **418** | **9** | **13068** | **188681** | **1123** | **208425** | **398229** |  |  | **10** | **10** | **(16517)** | **(1)** | **(16518)** | **(1000)** | **(192737)** | **(193737)** | **215052** |
|  |  |  | 9 | 954 | 188681 | 1123 | 198984 | 388788 |  |  | 1 | 1 |  | (1) | (1) |  | (192257) | (192257) | 208852 |
| 250 |  | 418 |  | 12114 |  |  | 9441 | 9441 |  |  | 9 | 9 | (16517) |  | (16517) | (1000) | (480) | (1480) | 6200 |
| **—** |  | **—** | **—** | **—** | **—** | **—** | **1417693** | **1417693** |  |  | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1417693** |
|  |  |  |  |  |  |  | 1417693 | 1417693 |  |  |  |  |  |  |  |  |  |  | 1417693 |
| **—** |  | **20** | **39** | **567** | **—** | **—** | **—** | **—** |  |  | **43** | **43** | **—** | **(3)** | **(3)** | **(3)** | **(2)** | **(5)** | **11809** |
|  |  |  |  | 122 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1357 |
|  |  | 20 | 39 | 445 |  |  |  |  |  |  | 43 | 43 |  | (3) | (3) | (3) | (2) | (5) | 10452 |
| **250** |  | **438** | **84** | **23274** | **188731** | **1123** | **1626120** | **1815974** |  |  | **227** | **227** | **(16517)** | **(8)** | **(16525)** | **(1007)** | **(198967)** | **(199974)** | **1683425** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  |  |  |  | **12884** | **12884** | **—** |  |  | **—** |  |  |  |  |  |  | **12884** |
|  |  |  |  |  |  |  | **—** | **—** | **16517** |  |  | **16517** |  |  |  |  |  |  | **16517** |
|  |  |  |  |  |  |  | **12884** | **12884** | **16517** |  |  | **16517** |  |  |  |  |  |  | **29401** |

---

MINISTRY OF INDIGENOUS RELATIONS AND RECONCILIATION

($000)

**VOTE 34 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating <br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Government to Government and Community Relations Division** | **18160** | **12373** | **65** | **3144** | **—** | **15582** | **—** | **688** | **—** | **400** | **1** | **301** | **—** | **—** | **—** |
| **Policy, Intergovernmental Relations and Legislation Division** | **14805** | **6924** | **—** | **1759** | **—** | **8683** | **—** | **260** | **—** | **756** | **1** | **60** | **—** | **—** | **—** |
| **Programs and Partnerships Division** | **29229** | **2213** | **—** | **562** | **—** | **2775** | **—** | **35** | **—** | **23** | **1** | **15** | **—** | **—** | **—** |
| **Executive and Support Services** | **12041** | **3190** | **—** | **834** | **60** | **4084** | **35** | **173** | **3052** | **319** | **2** | **517** | **—** | **—** | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 834 | 491 |  | 149 | 60 | 700 |  | 113 |  |  | 1 | 20 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 11207 | 2699 |  | 685 |  | 3384 | 35 | 60 | 3052 | 319 | 1 | 497 |  |  | 1 |
| **Total** | **74235** | **24700** | **65** | **6299** | **60** | **31124** | **35** | **1156** | **3052** | **1498** | **5** | **893** | **—** | **—** | **1** |

---

**VOTE 35 Treaty and Other Agreements Funding**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total <br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Treaty and Other Agreements Funding** | **105204** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Treaty and Other Agreements Funding | 10608 | **—** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non Treaty Funding | 94596 | **—** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **105204** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

**VOTE 36 Declaration Act Secretariat**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Declaration Act Secretariat** | **4547** | **2197** | **—** | **557** | **—** | **2754** | **—** | **205** | **300** | **53** | **7** | **22** |  | **—** | **—** |
| **Total** | **4547** | **2197** | **—** | **557** | **—** | **2754** | **—** | **205** | **300** | **53** | **7** | **22** | **—** | **—** |  |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **First Citizens Fund** | **2046** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **2046** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **1** | **1391** | **—** | **—** | **—** | **—** | **—** | **—** | **17** | **17** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **16987** |
| **—** | **—** | **—** | **—** | **1077** | **256** | **—** | **4009** | **4265** | **—** | **—** | **15** | **15** | **—** | **(151)** | **(151)** | **(1)** | **(1)** | **(2)** | **13887** |
| **—** | **—** | **—** | **—** | **74** | **500** | **—** | **24826** | **25326** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **28172** |
| **—** | **—** | **1** | **583** | **4683** | **—** | **—** | **940** | **940** | **—** | **—** | **2056** | **2056** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **11760** |
|  |  |  |  | 134 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 834 |
|  |  | 1 | 583 | 4549 |  |  | 940 | 940 |  |  | 2056 | 2056 |  | (1) | (1) | (1) | (1) | (2) | 10926 |
| **—** | **—** | **1** | **584** | **7225** | **756** | **—** | **29775** | **30531** | **—** | **—** | **2088** | **2088** | **—** | **(154)** | **(154)** | **(4)** | **(4)** | **(8)** | **70806** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **133248** | **—** | **105073** | **238321** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(133247)** | **(133248)** | **105072** |
|  |  |  |  |  |  |  | 10569 | 10569 |  |  |  |  |  | (1) | (1) | (1) |  | (1) | 10567 |
|  |  |  |  |  | 133248 |  | 94504 | 227752 |  |  |  |  |  |  |  |  | (133247) | (133247) | 94505 |
| **—** | **—** | **—** | **—** | **—** | **133248** | **—** | **105073** | **238321** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(133247)** | **(133248)** | **105072** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **129** | **210** | **926** | **—** | **—** | **—** |  | **—** | **—** | **470** | **470** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **4147** |
| **—** | **—** | **129** | **210** | **926** | **—** | **—** | **—** |  | **—** | **—** | **470** | **470** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **4147** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **2208** | **2208** | **1** | **—** | **—** | **1** | **—** | **—** | **—** |  |  |  | 2209 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **2208** | **2208** | **1** | **—** | **—** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | 2209 |

---

MINISTRY OF INFRASTRUCTURE

($000)

**VOTE 37 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total <br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Policy and Partnerships** | **3093** | **2536** | **26** | **643** | **—** | **3205** | **—** | **29** | **—** | **—** | **14** | **18** | **—** | **—** | **—** |
| **Community Capital Development** | **40362** | **5063** | **51** | **1286** | **—** | **6400** | **—** | **65** | **—** | **410** | **32** | **38** | **—** | **—** | **—** |
| **Real Property** | **366185** | **21606** | **31** | **5488** | **—** | **27125** | **—** | **148** | **971** | **1087** | **991** | **2208** | **—** | **—** | **19558** |
| **Executive and Support Services** | **10945** | **5766** | **56** | **1489** | **60** | **7371** | **—** | **177** | **604** | **110** | **756** | **264** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 767 | 453 |  | 139 | 60 | 652 |  | 75 |  |  | 10 | 20 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 10178 | 5313 | 56 | 1350 |  | 6719 |  | 102 | 604 | 110 | 746 | 244 |  |  |  |
| **Total** | **420585** | **34971** | **164** | **8906** | **60** | **44101** | **—** | **419** | **1575** | **1607** | **1793** | **2528** | **—** | **—** | **19558** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **61** | **—** | **—** | **—** | **—** | **—** | **—** | **6** | **6** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **3269** |
| **—** | **—** | **—** | **—** | **545** | **25495** | **7227** | **1000** | **33722** | **—** | **—** | **6** | **6** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **40670** |
| **120** | **—** | **109551** | **301121** | **435755** | **—** | **—** | **—** | **—** | **—** | **—** | **44850** | **44850** | **—** | **(59930)** | **(59930)** | **(50307)** | **(31305)** | **(81612)** | **366188** |
| **12** | **—** | **4** | **685** | **2612** | **—** | **—** | **—** | **—** | **—** | **—** | **407** | **407** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **10387** |
|  |  |  |  | 105 |  |  |  |  |  |  | 10 | 10 |  |  |  |  |  |  | 767 |
| 12 |  | 4 | 685 | 2507 |  |  |  |  |  |  | 397 | 397 |  | (1) | (1) | (1) | (1) | (2) | 9620 |
| **132** | **—** | **109555** | **301806** | **438973** | **25495** | **7227** | **1000** | **33722** | **—** | **—** | **45269** | **45269** | **—** | **(59933)** | **(59933)** | **(50310)** | **(31308)** | **(81618)** | **420514** |

---

MINISTRY OF JOBS AND ECONOMIC GROWTH<br> ($000)

**VOTE 38 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Trade and Industry Development** | **28966** | **10754** | **10** | **2732** | **—** | **13496** |  | **420** | **550** | **11290** | **—** | **1539** |  |  | **1** |
| **Small Business and Economic Development** | **35757** | **8629** | **20** | **2192** | **—** | **10841** |  | **153** | **1** | **499** | **—** | **81** |  |  | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Small Business and Economic Development | 7716 | 4935 | 13 | 1253 |  | 6201 |  | 76 | 1 | 244 |  | 46 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regional Development | 28041 | 3694 | 7 | 939 |  | 4640 |  | 77 |  | 255 |  | 35 |  |  |  |
| **Investment and Sustainable Economy** | **13673** | **7353** | **—** | **1866** | **—** | **9219** |  | **70** | **35** | **157** | **—** | **35** |  |  | **—** |
| **Executive and Support Services** | **6755** | **5153** | **35** | **1365** | **138** | **6691** |  | **250** | **50** | **10** | **193** | **146** |  |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Ministers' Offices | 1231 | 692 |  | 233 | 138 | 1063 |  | 179 |  |  |  | 14 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 5524 | 4461 | 35 | 1132 |  | 5628 |  | 71 | 50 | 10 | 193 | 132 |  |  |  |
| **Total** | **85151** | **31889** | **65** | **8155** | **138** | **40247** |  | **893** | **636** | **11956** | **193** | **1801** |  |  | **2** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and <br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **British Columbia Strategic Investments** | **—** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Northern Development Fund** | **500** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **500** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  | **34** | **13834** | **—** |  | **1525** | **1525** |  |  | **1** | **1** | **—** | **(3)** | **(3)** | **(2)** | **(2)** | **(4)** | **28849** |
|  |  |  | **1** | **736** | **15000** |  | **776** | **15776** |  |  | **1** | **1** | **(1)** | **(3)** | **(4)** | **(4)** | **(2)** | **(6)** | **27344** |
|  |  |  | 1 | 369 |  |  | 776 | 776 |  |  |  |  | (1) | (2) | (3) | (3) | (1) | (4) | 7339 |
|  |  |  |  | 367 | 15000 |  |  | 15000 |  |  | 1 | 1 |  | (1) | (1) | (1) | (1) | (2) | 20005 |
|  |  |  | **—** | **297** | **—** |  | **37700** | **37700** |  |  | **—** | **—** | **(37200)** | **(2)** | **(37202)** | **(1)** | **(2)** | **(3)** | **10011** |
|  |  |  | **6** | **655** | **—** |  | **—** | **—** |  |  | **165** | **165** | **—** | **(1008)** | **(1008)** | **(2)** | **(1)** | **(3)** | **6500** |
|  |  |  |  | 193 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1256 |
|  |  |  | 6 | 462 |  |  |  |  |  |  | 165 | 165 |  | (1008) | (1008) | (2) | (1) | (3) | 5244 |
|  |  |  | **41** | **15522** | **15000** |  | **40001** | **55001** |  |  | **167** | **167** | **(37201)** | **(1016)** | **(38217)** | **(9)** | **(7)** | **(16)** | **72704** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | | | | | Total |
| | | | | Total | | | | Total | | | | Total | | | Total | | | Total | 2026/27 |
| | | | | Operating | | | | Govt | | | | Other | | | Internal | | | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
|  |  |  |  |  |  |  | **—** | **—** | **37200** |  |  | **37200** |  |  |  |  |  |  | **37200** |
|  |  |  |  |  |  |  | **500** | **500** | **—** |  |  | **—** |  |  |  |  |  |  | **500** |
|  |  |  |  |  |  |  | **500** | **500** | **37200** |  |  | **37200** |  |  |  |  |  |  | **37700** |

---

MINISTRY OF LABOUR

($000)

**VOTE 39 Ministry Operations** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Labour Programs** | **22852** | **40300** | **67** | **10273** | **—** | **50640** | **750** | **656** | **549** | **922** | **5057** | **1254** | **10** | **1** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Employment Standards | 20902 | 15328 | 10 | 3893 |  | 19231 |  | 236 |  | 63 |  | 317 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;WorkSafeBC Funded Services | 1 | 23456 | 48 | 5995 |  | 29499 | 750 | 377 |  | 851 | 5057 | 919 | 10 | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Labour Policy and Legislation | 1949 | 1516 | 9 | 385 |  | 1910 |  | 43 | 549 | 8 |  | 18 |  |  |  |
| **Executive and Support Services** | **1349** | **1153** | **—** | **317** | **60** | **1530** | **—** | **93** | **—** | **—** | **13** | **41** | **—** | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 693 | 409 |  | 129 | 60 | 598 |  | 50 |  |  |  | 21 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 656 | 744 |  | 188 |  | 932 |  | 43 |  |  | 13 | 20 |  |  |  |
| **Total** | **24201** | **41453** | **67** | **10590** | **60** | **52170** | **750** | **749** | **549** | **922** | **5070** | **1295** | **10** | **1** |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **16** | **—** | **811** | **3950** | **13976** | **—** | **—** | **90** | **90** | **—** | **—** | **448** | **448** | **—** | **(2)** | **(2)** | **(1)** | **(42803)** | **(42804)** | **22348** |
| 16 |  | 8 | 620 | 1260 |  |  |  |  |  |  | 12 | 12 |  |  |  |  | (61) | (61) | 20442 |
|  |  | 801 | 3330 | 12096 |  |  |  |  |  |  | 435 | 435 |  | (1) | (1) |  | (42028) | (42028) | 1 |
|  |  | 2 |  | 620 |  |  | 90 | 90 |  |  | 1 | 1 |  | (1) | (1) | (1) | (714) | (715) | 1905 |
| **—** | **—** | **—** | **—** | **147** | **—** | **—** | **—** | **—** | **—** | **—** | **5** | **5** | **—** | **(3)** | **(3)** | **(1)** | **(354)** | **(355)** | **1324** |
|  |  |  |  | 71 |  |  |  |  |  |  |  |  |  | (1) | (1) |  |  |  | 668 |
|  |  |  |  | 76 |  |  |  |  |  |  | 5 | 5 |  | (2) | (2) | (1) | (354) | (355) | 656 |
| **16** | **—** | **811** | **3950** | **14123** | **—** | **—** | **90** | **90** | **—** | **—** | **453** | **453** | **—** | **(5)** | **(5)** | **(2)** | **(43157)** | **(43159)** | **23672** |

---

MINISTRY OF MINING AND CRITICAL MINERALS<br> ($000)

**VOTE 40 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Responsible Mining and Competitiveness** | **30435** | **21777** | **1235** | **5530** | **—** | **28542** | **50** | **1207** | **—** | **1575** | **—** | **77** |  |  | **208** |
| **Mines Health, Safety and Enforcement** | **14127** | **8920** | **868** | **2265** | **—** | **12053** | **50** | **664** | **—** | **588** | **—** | **217** |  |  | **29** |
| **Strategic and Indigenous Partnerships** | **3615** | **3558** | **—** | **904** | **—** | **4462** | **—** | **57** | **—** | **513** | **—** | **85** |  |  | **—** |
| **Executive and Support Services** | **9280** | **1355** | **22** | **369** | **60** | **1806** | **—** | **108** | **2379** | **390** | **1** | **1568** |  |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 689 | 418 |  | 130 | 60 | 608 |  | 58 |  |  |  | 20 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 8591 | 937 | 22 | 239 |  | 1198 |  | 50 | 2379 | 390 | 1 | 1548 |  |  |  |
| **Total** | **57457** | **35610** | **2125** | **9068** | **60** | **46863** | **100** | **2036** | **2379** | **3066** | **1** | **1947** |  |  | **237** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **134** | **—** | **—** | **—** | **3251** | **—** | **—** | **116** | **116** | **—** | **—** | **16** | **16** | **—** | **(1)** | **(1)** | **(1)** | **(3052)** | **(3053)** | **28871** |
| **29** | **—** | **—** | **—** | **1577** | **—** | **—** | **59** | **59** | **—** | **—** | **8** | **8** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **13694** |
| **—** | **—** | **—** | **—** | **655** | **—** | **—** | **100** | **100** | **—** | **—** | **5** | **5** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **5219** |
| **310** | **—** | **280** | **1123** | **6159** | **—** | **—** | **—** | **—** | **—** | **—** | **1558** | **1558** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **9520** |
| 3 |  |  |  | 81 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 689 |
| 307 |  | 280 | 1123 | 6078 |  |  |  |  |  |  | 1558 | 1558 |  | (1) | (1) | (1) | (1) | (2) | 8831 |
| **473** | **—** | **280** | **1123** | **11642** | **—** | **—** | **275** | **275** | **—** | **—** | **1587** | **1587** | **—** | **(4)** | **(4)** | **(4)** | **(3055)** | **(3059)** | **57304** |

---

MINISTRY OF POST-SECONDARY EDUCATION AND FUTURE SKILLS <br> ($000)

**VOTE 41 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Description | Total<br> 2025/26<br> Operating<br> Expenses | 50 | 51 | 52 | 54 | Total<br> Salaries and<br> Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Educational Institutions and Organizations** | **3225843** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Student Services Programs** | **73792** | **5304** | **—** | **1348** | **—** | **6652** | **—** | **28** | **—** | **380** | **—** | **50** | **50** | **—** | **—** |
| **Private Training Institutions** | **1** | **3150** | **38** | **800** | **—** | **3988** | **10** | **30** | **502** | **75** | **257** | **25** | **—** | **—** | **—** |
| **Labour Market Development** | **39415** | **13400** | **20** | **3403** | **—** | **16823** | **20** | **161** | **183** | **1886** | **1456** | **285** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Labour Market Strategic Planning | 5976 | 3455 | 8 | 878 |  | 4341 |  | 46 | 7 | 210 | 42 | 43 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Labour Market Policy and Planning | 3480 | 2974 | 4 | 755 |  | 3733 | 20 | 24 | 62 | 1277 | 1102 | 117 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Labour Market and Skills Training Programs | 29959 | 6971 | 8 | 1770 |  | 8749 |  | 91 | 114 | 399 | 312 | 125 |  |  |  |
| **Immigration and Strategic Planning** | **39423** | **16610** | **10** | **4219** | **—** | **20839** | **—** | **182** | **96** | **105** | **1043** | **324** | **30** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Immigration Strategic Planning | 351 | 248 | 2 | 63 |  | 313 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provincial Nominee Program | 1 | 13652 |  | 3468 |  | 17120 |  | 162 | 82 | 100 | 947 | 268 | 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Workforce and Immigration | 39071 | 2710 | 8 | 688 |  | 3406 |  | 20 | 14 | 5 | 96 | 56 | 28 |  |  |
| **Transfers to Crown Corporations and Agencies** | **107221** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;SkilledTradesBC | 107221 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Executive and Support Services** | **24142** | **15510** | **66** | **3970** | **78** | **19624** | **40** | **271** | **682** | **1202** | **359** | **473** | **750** | **19** | **8** |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 858 | 502 |  | 160 | 78 | 740 |  | 96 |  |  |  | 22 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 23284 | 15008 | 66 | 3810 |  | 18884 | 40 | 175 | 682 | 1202 | 359 | 451 | 750 | 19 | 8 |
| **Total** | **3509837** | **53974** | **134** | **13740** | **78** | **67926** | **70** | **672** | **1463** | **3648** | **3115** | **1157** | **830** | **19** | **8** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **7860** | **3233485** | **44058** | **3285403** | **—** | **—** | **1** | **1** | **—** | **(44429)** | **(44429)** | **(1)** | **(1)** | **(2)** | **3240973** |
| **—** | **—** | **—** | **4** | **512** | **54382** | **9166** | **5047** | **68595** | **—** | **—** | **15** | **15** | **—** | **(137)** | **(137)** | **(1)** | **(1844)** | **(1845)** | **73792** |
| **—** | **—** | **—** | **305** | **1204** | **—** | **—** | **—** | **—** | **—** | **—** | **20** | **20** | **—** | **(1)** | **(1)** | **(1)** | **(5209)** | **(5210)** | **1** |
| **—** | **—** | **482** | **12** | **4485** | **—** | **—** | **126583** | **126583** | **—** | **—** | **2517** | **2517** | **—** | **(9455)** | **(9455)** | **(1)** | **(97733)** | **(97734)** | **43219** |
|  |  |  | 12 | 360 |  |  |  |  |  |  | 103 | 103 |  |  |  | (1) |  | (1) | 4803 |
|  |  |  |  | 2602 |  |  | 6600 | 6600 |  |  |  |  |  | (9455) | (9455) |  |  |  | 3480 |
|  |  | 482 |  | 1523 |  |  | 119983 | 119983 |  |  | 2414 | 2414 |  |  |  |  | (97733) | (97733) | 34936 |
| **—** | **—** | **—** | **—** | **1780** | **—** | **—** | **33700** | **33700** | **—** | **—** | **349** | **349** | **—** | **(1)** | **(1)** | **(1)** | **(19029)** | **(19030)** | **37637** |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  | (1) | (1) | (1) | (1) | (2) | 311 |
|  |  |  |  | 1561 |  |  |  |  |  |  | 348 | 348 |  |  |  |  | (19028) | (19028) | 1 |
|  |  |  |  | 219 |  |  | 33700 | 33700 |  |  |  |  |  |  |  |  |  |  | 37325 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **161221** | **161221** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **161221** |
|  |  |  |  |  |  |  | 161221 | 161221 |  |  |  |  |  |  |  |  |  |  | 161221 |
| **9** | **—** | **350** | **60** | **4223** | **—** | **—** | **400** | **400** | **—** | **—** | **64** | **64** | **—** | **(76)** | **(76)** | **(103)** | **(414)** | **(517)** | **23718** |
|  |  |  |  | 118 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 858 |
| 9 |  | 350 | 60 | 4105 |  |  | 400 | 400 |  |  | 64 | 64 |  | (76) | (76) | (103) | (414) | (517) | 22860 |
| **9** | **—** | **832** | **381** | **12204** | **62242** | **3242651** | **371009** | **3675902** | **—** | **—** | **2966** | **2966** | **—** | **(54099)** | **(54099)** | **(108)** | **(124230)** | **(124338)** | **3580561** |

---

MINISTRY OF PUBLIC SAFETY AND SOLICITOR GENERAL

($000)

**VOTE 42 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total<br> 2025/26<br> Operating | | | | | Total<br> Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Corrections** | **319361** | **207279** | **4962** | **52770** | **—** | **265011** | **—** | **646** | **2504** | **3439** |  | **1988** |  | **—** | **5342** |
| **Policing and Security** | **573325** | **15531** | **25** | **3944** | **—** | **19500** | **115** | **164** | **642** | **1229** |  | **621** |  | **—** | **449** |
| **Community Safety and Victim Services** | **92865** | **9574** | **83** | **2432** | **—** | **12089** | **—** | **69** | **91** | **384** |  | **207** |  | **—** | **—** |
| **BC Coroners Service** | **30820** | **12394** | **76** | **3148** | **—** | **15618** | **91** | **367** | **201** | **12819** |  | **359** |  | **—** | **249** |
| **RoadSafetyBC** | **33914** | **17523** | **51** | **4451** | **—** | **22025** | **—** | **86** | **2254** | **75** |  | **269** |  | **—** | **—** |
| **Gaming Policy and Enforcement** | **20049** | **13823** | **72** | **3511** | **—** | **17406** | **—** | **50** | **358** | **513** |  | **189** |  | **40** | **2** |
| &nbsp;&nbsp;&nbsp;&nbsp;Gaming Policy and Enforcement Operations | 20048 | 13823 | 72 | 3511 |  | 17406 |  | 50 | 358 | 513 |  | 189 |  | 40 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution of Gaming Proceeds | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Corporate Strategic Initiatives** | **3659** | **2487** | **—** | **633** | **—** | **3120** | **—** | **34** | **89** | **—** |  | **173** |  | **—** | **—** |
| **Office of the Fire Commissioner** | **4192** | **3248** | **—** | **825** | **—** | **4073** | **—** | **65** | **94** | **70** |  | **94** |  | **—** | **35** |
| **Executive and Support Services** | **10757** | **7311** | **27** | **1908** | **102** | **9348** | **—** | **211** | **166** | **108** |  | **188** |  | **—** | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;Ministers' Offices | 975 | 537 |  | 178 | 102 | 817 |  | 128 |  |  |  | 22 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 9782 | 6774 | 27 | 1730 |  | 8531 |  | 83 | 166 | 108 |  | 166 |  |  | 2 |
| **Total** | **1088942** | **289170** | **5296** | **73622** | **102** | **368190** | **206** | **1692** | **6399** | **18637** |  | **4088** |  | **40** | **6082** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total<br> 2025/26<br> Operating |  |  |  |  | Total <br> Salaries and <br>|  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Civil Forfeiture Account** | **437** | **3609** | **—** | **917** | **—** | **4526** | **—** | **50** | **7331** | **—** | **25** | **345** | **—** | **90** | **—** |
| **Corrections Work Program Account** | **1281** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **4** | **41** | **—** | **—** | **475** |
| **Criminal Asset Management Fund** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Victim Surcharge Special Account** | **13504** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **15222** | **3609** | **—** | **917** | **—** | **4526** | **—** | **50** | **7331** | **—** | **29** | **386** | **—** | **90** | **475** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **968** | **—** | **3777** | **3425** | **22089** | **—** | **4300** | **29784** | **34084** | **—** | **—** | **163** | **163** | **—** | **(385)** | **(385)** | **(1)** | **(2280)** | **(2281)** | **318681** |
| **208** | **—** | **121** | **329** | **3878** | **2061** | **—** | **600336** | **602397** | **—** | **—** | **63** | **63** | **—** | **(1585)** | **(1585)** | **(1)** | **(51931)** | **(51932)** | **572321** |
| **—** | **—** | **94** | **3** | **848** | **175** | **21998** | **66573** | **88746** | **—** | **—** | **—** | **—** | **(9816)** | **(2)** | **(9818)** | **—** | **(300)** | **(300)** | **91565** |
| **77** | **—** | **98** | **375** | **14636** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **(101)** | **(101)** | **(1)** | **(1)** | **(2)** | **30151** |
| **15** | **—** | **13** | **8** | **2720** | **—** | **—** | **10614** | **10614** | **—** | **—** | **2720** | **2720** | **—** | **(1)** | **(1)** | **(1)** | **(4138)** | **(4139)** | **33939** |
| **8** | **—** | **200** | **3** | **1363** | **—** | **—** | **5347** | **5347** | **—** | **—** | **5** | **5** | **—** | **(1)** | **(1)** | **(1)** | **(3773)** | **(3774)** | **20346** |
| 8 |  | 200 | 3 | 1363 |  |  | 5347 | 5347 |  |  | 5 | 5 |  | (1) | (1) | (1) | (3773) | (3774) | 20346 |
| **—** | **—** | **—** | **—** | **296** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **3413** |
| **80** | **—** | **53** | **87** | **578** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **—** | **—** | **—** | **4650** |
| **153** | **—** | **256** | **2171** | **3258** | **—** | **—** | **—** | **—** | **—** | **—** | **3204** | **3204** | **—** | **(5283)** | **(5283)** | **(1)** | **(1)** | **(2)** | **10525** |
|  |  | 5 |  | 158 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 975 |
| 153 |  | 251 | 2171 | 3100 |  |  |  |  |  |  | 3204 | 3204 |  | (5283) | (5283) | (1) | (1) | (2) | 9550 |
| **1509** | **—** | **4612** | **6401** | **49666** | **2236** | **26298** | **712654** | **741188** | **—** | **—** | **6155** | **6155** | **(9816)** | **(7360)** | **(17176)** | **(7)** | **(62425)** | **(62432)** | **1085591** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **5** | **—** | **6** | **11** | **7863** | **10000** | **—** | **—** | **10000** | **—** | **—** | **1272** | **1272** | **—** | **—** | **—** | **—** | **(23224)** | **(23224)** | **437** |
| **95** | **—** | **—** | **—** | **615** | **—** | **—** | **136** | **136** | **—** | **—** | **30** | **30** | **—** | **—** | **—** | **—** | **—** | **—** | **781** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **—** | **—** | **—** | **—** | **—** | **2000** | **—** | **—** | **2000** | **11504** | **—** | **—** | **11504** | **—** | **—** | **—** | **—** | **—** | **—** | **13504** |
| **100** | **—** | **6** | **11** | **8478** | **12000** | **—** | **136** | **12136** | **11504** | **—** | **1302** | **12806** | **—** | **—** | **—** | **—** | **(23224)** | **(23224)** | **14722** |

---

MINISTRY OF SOCIAL DEVELOPMENT AND POVERTY REDUCTION

($000)

**VOTE 43 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Income Assistance** | **3854300** | **121134** | **—** | **30767** | **—** | **151901** | **—** | **727** | **1448** | **2732** |  | **3427** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income Assistance - Program Management | 157865 | 119432 |  | 30335 |  | 149767 |  | 727 | 1448 | 2732 |  | 3417 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Temporary Assistance | 966549 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disability Assistance | 2204432 | 1702 |  | 432 |  | 2134 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Supplementary Assistance | 525454 |  |  |  |  |  |  |  |  |  |  | 10 |  |  |  |
| **Employment** | **31126** | **17597** | **—** | **4469** | **—** | **22066** | **—** | **75** | **30** | **25** |  | **217** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Employment Programs | 31125 | 2598 |  | 659 |  | 3257 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Labour Market Development Agreement | 1 | 14999 |  | 3810 |  | 18809 |  | 75 | 30 | 25 |  | 217 |  |  |  |
| **Community Living Services** | **1806808** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |  | **—** |  | **—** |  |
| **Employment and Assistance Appeal Tribunal** | **1947** | **876** | **23** | **222** | **—** | **1121** | **519** | **22** | **—** | **150** |  | **130** |  | **5** |  |
| **Executive and Support Services** | **11304** | **6909** | **110** | **1793** | **96** | **8908** | **233** | **198** | **2** | **59** |  | **667** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Minister's Office | 1010 | 614 |  | 195 | 96 | 905 |  | 81 |  |  |  | 24 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Services | 10294 | 6295 | 110 | 1598 |  | 8003 | 233 | 117 | 2 | 59 |  | 643 |  |  |  |
| **Total** | **5705485** | **146516** | **133** | **37251** | **96** | **183996** | **752** | **1022** | **1480** | **2966** |  | **4441** |  | **5** |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **312** | **—** | **275** | **68** | **8989** | **4504** | **3732206** | **162495** | **3899205** | **—** | **—** | **4240** | **4240** | **—** | **(2)** | **(2)** | **—** | **(20914)** | **(20914)** | **4043419** |
| 312 |  | 275 | 68 | 8979 |  |  | 35 | 35 |  |  | 100 | 100 |  |  |  |  | (150) | (150) | 158731 |
|  |  |  |  |  |  | 1072457 |  | 1072457 |  |  | 1101 | 1101 |  | (1) | (1) |  | (550) | (550) | 1073007 |
|  |  |  |  |  |  | 2293115 |  | 2293115 |  |  | 1 | 1 |  |  |  |  | (13014) | (13014) | 2282236 |
|  |  |  |  | 10 | 4504 | 366634 | 162460 | 533598 |  |  | 3038 | 3038 |  | (1) | (1) |  | (7200) | (7200) | 529445 |
| **48** | **—** | **18** | **1758** | **2171** | **—** | **—** | **290471** | **290471** | **—** | **—** | **10126** | **10126** | **—** | **(1204)** | **(1204)** | **—** | **(291204)** | **(291204)** | **32426** |
|  |  |  |  |  |  |  | 29168 | 29168 |  |  |  |  |  |  |  |  |  |  | 32425 |
| 48 |  | 18 | 1758 | 2171 |  |  | 261303 | 261303 |  |  | 10126 | 10126 |  | (1204) | (1204) |  | (291204) | (291204) | 1 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1887777** | **1887777** | **—** | **—** | **1** | **1** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **1887777** |
| **—** | **—** | **—** | **—** | **826** | **—** | **—** | **—** | **—** | **—** | **—** | **1** | **1** | **—** | **(1)** | **(1)** | **—** | **—** | **—** | **1947** |
| **200** | **—** | **200** | **200** | **1759** | **—** | **—** | **—** | **—** | **—** | **—** | **567** | **567** | **—** | **(1)** | **(1)** | **—** | **(40)** | **(40)** | **11193** |
|  |  |  |  | 105 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1010 |
| 200 |  | 200 | 200 | 1654 |  |  |  |  |  |  | 567 | 567 |  | (1) | (1) |  | (40) | (40) | 10183 |
| **560** | **—** | **493** | **2026** | **13745** | **4504** | **3732206** | **2340743** | **6077453** | **—** | **—** | **14935** | **14935** | **—** | **(1208)** | **(1208)** | **—** | **(312159)** | **(312159)** | **5976762** |

---

MINISTRY OF TOURISM, ARTS, CULTURE AND SPORT

($000)

**VOTE 44 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total<br> 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Tourism Sector Strategy** | **26026** | **7254** | **40** | **1839** | **—** | **9133** | **5** | **70** | **9** | **123** |  | **82** |  | **1** | **—** |
| **Arts and Culture** | **41437** | **4784** | **10** | **1214** | **—** | **6008** | **45** | **28** | **6** | **104** |  | **67** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Arts and Culture | 38982 | 2854 | 6 | 724 |  | 3584 | 45 | 21 | 6 | 104 |  | 57 |  |  |  |
| &nbsp;&nbsp;&nbsp;Community Gaming Grants | 2455 | 1930 | 4 | 490 |  | 2424 |  | 7 |  |  |  | 10 |  |  |  |
| **Sport and Creative Sector** | **27134** | **3972** | **—** | **1009** | **—** | **4981** | **—** | **155** | **421** | **516** |  | **126** |  | **—** | **1** |
| &nbsp;&nbsp;&nbsp;Sport | 23481 | 3643 |  | 925 |  | 4568 |  | 146 | 420 | 501 |  | 125 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;Creative Sector | 3653 | 329 |  | 84 |  | 413 |  | 9 | 1 | 15 |  | 1 |  |  |  |
| **Transfers to Crown Corporations and Agencies** | **88432** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |  | **—** |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;BC Games Society | 2242 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;B.C. Pavilion Corporation | 9897 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Destination BC Corp. | 56431 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Knowledge Network Corporation | 6611 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Royal British Columbia Museum | 13251 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Executive and Support Services** | **2335** | **1421** | **—** | **391** | **78** | **1890** | **—** | **148** | **—** | **78** |  | **46** |  | **—** | **36** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 914 | 493 |  | 157 | 78 | 728 |  | 118 |  |  |  | 10 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 1421 | 928 |  | 234 |  | 1162 |  | 30 |  | 78 |  | 36 |  |  | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | **185364** | **17431** | **50** | **4453** | **78** | **22012** | **50** | **401** | **436** | **821** |  | **321** |  | **1** | **37** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **BC Arts and Culture Endowment special account** | **4230** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Physical Fitness and Amateur Sports Fund** | **1200** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **5430** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **28** | **—** | **318** | **15000** | **—** | **17148** | **32148** | **—** | **—** | **11** | **11** | **—** | **(1)** | **(1)** | **(1)** | **(15596)** | **(15597)** | **26012** |
| **—** | **—** | **—** | **—** | **250** | **164346** | **—** | **9092** | **173438** | **—** | **—** | **8** | **8** | **(1)** | **(1)** | **(2)** | **(1)** | **(138586)** | **(138587)** | **41115** |
|  |  |  |  | 233 | 25761 |  | 9092 | 34853 |  |  | 7 | 7 | (1) | (1) | (2) | (1) | (1) | (2) | 38673 |
|  |  |  |  | 17 | 138585 |  |  | 138585 |  |  | 1 | 1 |  |  |  |  | (138585) | (138585) | 2442 |
| **3** | **—** | **—** | **—** | **1222** | **21029** | **—** | **15454** | **36483** | **—** | **—** | **3** | **3** | **(1)** | **(1)** | **(2)** | **(1)** | **(15735)** | **(15736)** | **26951** |
| 3 |  |  |  | 1196 | 21029 |  | 12239 | 33268 |  |  | 3 | 3 | (1) | (1) | (2) | (1) | (15734) | (15735) | 23298 |
|  |  |  |  | 26 |  |  | 3215 | 3215 |  |  |  |  |  |  |  |  | (1) | (1) | 3653 |
| **—** | **—** | **—** | **—** | **—** | **6611** | **—** | **80853** | **87464** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **87464** |
|  |  |  |  |  |  |  | 2242 | 2242 |  |  |  |  |  |  |  |  |  |  | 2242 |
|  |  |  |  |  |  |  | 9929 | 9929 |  |  |  |  |  |  |  |  |  |  | 9929 |
|  |  |  |  |  |  |  | 55431 | 55431 |  |  |  |  |  |  |  |  |  |  | 55431 |
|  |  |  |  |  | 6611 |  |  | 6611 |  |  |  |  |  |  |  |  |  |  | 6611 |
|  |  |  |  |  |  |  | 13251 | 13251 |  |  |  |  |  |  |  |  |  |  | 13251 |
| **21** | **—** | **—** | **—** | **329** | **—** | **—** | **—** | **—** | **—** | **—** | **3** | **3** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **2219** |
|  |  |  |  | 128 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 856 |
| 21 |  |  |  | 201 |  |  |  |  |  |  | 3 | 3 |  | (1) | (1) | (1) | (1) | (2) | 1363 |
| **24** | **—** | **28** | **—** | **2119** | **206986** | **—** | **122547** | **329533** | **—** | **—** | **25** | **25** | **(2)** | **(4)** | **(6)** | **(4)** | **(169918)** | **(169922)** | **183761** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **4229** | **—** | **—** | **4229** | **1** | **—** | **—** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **4230** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1199** | **1199** | **1** | **—** | **—** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **1200** |
| **—** | **—** | **—** | **—** | **—** | **4229** | **—** | **1199** | **5428** | **2** | **—** | **—** | **2** | **—** | **—** | **—** | **—** | **—** | **—** | **5430** |

---

MINISTRY OF TRANSPORTATION AND TRANSIT

($000)

**VOTE 45 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total | | | | | | | | | | | | | | |
|  | 2025/26 | | | | | Total | | | | | | | | | |
|  | Operating | | | | | Salaries and | | | | | | | | | |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Transportation and Infrastructure Improvements** | **27764** | **70352** | **101** | **17870** | **—** | **88323** |  | **5754** | **4710** | **539432** | **11197** | **2215** |  | **11** | **339142** |
| &nbsp;&nbsp;&nbsp;Transportation Policy and Programs | 24473 | 4460 |  | 1133 |  | 5593 |  | 40 | 12 | 70 |  | 71 |  |  | 1000 |
| &nbsp;&nbsp;&nbsp;Transportation Investments | 1 | 60416 | 76 | 15347 |  | 75839 |  | 5544 | 4250 | 535663 | 9594 | 2032 |  | 8 | 334912 |
| &nbsp;&nbsp;&nbsp;Partnerships | 1 | 2274 |  | 577 |  | 2851 |  | 85 | 428 | 3543 | 1603 | 65 |  | 3 | 3230 |
| &nbsp;&nbsp;&nbsp;Port and Airport Development | 2862 | 2091 | 25 | 531 |  | 2647 |  | 20 |  | 20 |  | 25 |  |  |  |
| &nbsp;&nbsp;&nbsp;Enhancing Economic Development | 427 | 1111 |  | 282 |  | 1393 |  | 65 | 20 | 136 |  | 22 |  |  |  |
| **Public Transportation** | **395630** | **3738** | **8** | **949** | **—** | **4695** |  | **132** | **551** | **299608** | **103** | **135** |  | **—** | **362010** |
| &nbsp;&nbsp;&nbsp;Public Transit | 187716 | 3738 | 8 | 949 |  | 4695 |  | 132 | 551 | 299608 | 103 | 135 |  |  | 109238 |
| &nbsp;&nbsp;&nbsp;Coastal Ferry Services | 207914 |  |  |  |  |  |  |  |  |  |  |  |  |  | 252772 |
| **Highway Operations** | **733070** | **46880** | **1501** | **11932** | **—** | **60313** |  | **1200** | **15** | **1399** | **1019** | **982** |  | **98** | **735644** |
| &nbsp;&nbsp;&nbsp;Maintenance and Operations | 672111 | 23438 | 1296 | 5978 |  | 30712 |  | 563 | 15 | 1359 | 1019 | 643 |  | 58 | 685949 |
| &nbsp;&nbsp;&nbsp;Commercial Vehicle Safety and Enforcement | 30938 | 22609 | 205 | 5743 |  | 28557 |  | 617 |  | 15 |  | 328 |  | 40 | 303 |
| &nbsp;&nbsp;&nbsp;Inland Ferries | 30021 | 833 |  | 211 |  | 1044 |  | 20 |  | 25 |  | 11 |  |  | 49392 |
| **Commercial Transportation Regulation** | **1969** | **4381** | **2** | **1113** | **—** | **5496** |  | **118** | **50** | **1** | **12** | **56** |  | **—** | **10** |
| &nbsp;&nbsp;&nbsp;Container Trucking Commissioner | 1 | 610 |  | 155 |  | 765 |  | 25 | 50 | 1 | 12 | 35 |  |  | 10 |
| &nbsp;&nbsp;&nbsp;Passenger Transportation Branch | 1968 | 3771 | 2 | 958 |  | 4731 |  | 93 |  |  |  | 21 |  |  |  |
| **Executive and Support Services** | **18920** | **13725** | **22** | **3533** | **78** | **17358** |  | **324** | **4643** | **2198** | **4023** | **388** |  | **5** | **1** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 1251 | 795 |  | 234 | 78 | 1107 |  | 121 |  |  |  | 23 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 17669 | 12930 | 22 | 3299 |  | 16251 |  | 203 | 4643 | 2198 | 4023 | 365 |  | 5 | 1 |
| **Total** | **1177353** | **139076** | **1634** | **35397** | **78** | **176185** |  | **7528** | **9969** | **842638** | **16354** | **3776** |  | **114** | **1436807** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **45597** | **2063377** | **—** | **1134** | **3012569** | **—** | **—** | **33265** | **33265** | **—** | **—** | **512** | **512** | **—** | **(1)** | **(1)** | **(3105530)** | **(4538)** | **(3110068)** | **24600** |
|  |  |  |  | 1193 |  |  | 17565 | 17565 |  |  |  |  |  |  |  | (2108) | (622) | (2730) | 21621 |
| 45597 | 2053695 |  | 10 | 2991305 |  |  | 7700 | 7700 |  |  | 285 | 285 |  | (1) | (1) | (3071626) | (3501) | (3075127) | 1 |
|  | 9682 |  | 1124 | 19763 |  |  |  |  |  |  | 224 | 224 |  |  |  | (22422) | (415) | (22837) | 1 |
|  |  |  |  | 65 |  |  | 8000 | 8000 |  |  |  |  |  |  |  | (8000) |  | (8000) | 2712 |
|  |  |  |  | 243 |  |  |  |  |  |  | 3 | 3 |  |  |  | (1374) |  | (1374) | 265 |
| **1** | **1371232** | **—** | **—** | **2033772** | **—** | **—** | **606759** | **606759** | **—** | **—** | **4** | **4** | **—** | **(12033)** | **(12033)** | **(1936857)** | **(289485)** | **(2226342)** | **406855** |
| 1 | 1371232 |  |  | 1781000 |  |  | 606759 | 606759 |  |  | 4 | 4 |  | (1) | (1) | (1936857) | (256659) | (2193516) | 198941 |
|  |  |  |  | 252772 |  |  |  |  |  |  |  |  |  | (12032) | (12032) |  | (32826) | (32826) | 207914 |
| **2732** | **51352** | **4977** | **614** | **800032** | **—** | **—** | **—** | **—** | **—** | **—** | **244** | **244** | **—** | **(1)** | **(1)** | **(110430)** | **(4865)** | **(115295)** | **745293** |
| 50 | 51352 | 3999 | 271 | 745278 |  |  |  |  |  |  | 127 | 127 |  | (1) | (1) | (89882) | (1760) | (91642) | 684474 |
| 2682 |  | 978 | 343 | 5306 |  |  |  |  |  |  | 116 | 116 |  |  |  |  | (3105) | (3105) | 30874 |
|  |  |  |  | 49448 |  |  |  |  |  |  | 1 | 1 |  |  |  | (20548) |  | (20548) | 29945 |
| **363** | **—** | **1** | **80** | **691** | **—** | **—** | **6822** | **6822** | **—** | **—** | **13** | **13** | **—** | **(1)** | **(1)** | **—** | **(11130)** | **(11130)** | **1891** |
|  |  |  | 80 | 213 |  |  |  |  |  |  |  |  |  |  |  |  | (977) | (977) | 1 |
| 363 |  | 1 |  | 478 |  |  | 6822 | 6822 |  |  | 13 | 13 |  | (1) | (1) |  | (10153) | (10153) | 1890 |
| **—** | **—** | **1** | **190** | **11773** | **—** | **—** | **—** | **—** | **—** | **—** | **116** | **116** | **—** | **(643)** | **(643)** | **(10295)** | **(372)** | **(10667)** | **17937** |
|  |  |  |  | 144 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1251 |
|  |  | 1 | 190 | 11629 |  |  |  |  |  |  | 116 | 116 |  | (643) | (643) | (10295) | (372) | (10667) | 16686 |
| **48693** | **3485961** | **4979** | **2018** | **5858837** | **—** | **—** | **646846** | **646846** | **—** | **—** | **889** | **889** | **—** | **(12679)** | **(12679)** | **(5163112)** | **(310390)** | **(5473502)** | **1196576** |

---

MINISTRY OF WATER, LAND AND RESOURCE STEWARDSHIP <br> ($000)

**VOTE 46 Ministry Operations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Land Use Planning and Cumulative Effects** | **30509** | **12320** | **111** | **3129** | **—** | **15560** | **—** | **323** | **—** | **1331** | **—** | **15** | **—** | **1** | **70** |
| **Resource Stewardship** | **45930** | **26218** | **66** | **6659** | **—** | **32943** | **—** | **79** | **—** | **3913** | **—** | **10** | **—** | **2** | **10** |
| **Water, Fisheries and Coast** | **22305** | **14753** | **56** | **3747** | **—** | **18556** | **—** | **262** | **—** | **13345** | **—** | **187** | **—** | **—** | **74** |
| **Reconciliation, Lands, Policy and Data** | **31619** | **23241** | **51** | **5903** | **—** | **29195** | **—** | **364** | **—** | **6857** | **—** | **139** | **—** | **1** | **31** |
| **Permitting Transformation** | **44528** | **37793** | **17** | **9600** | **—** | **47410** | **—** | **649** | **—** | **716** | **74** | **541** | **—** | **1** | **133** |
| **Executive and Support Services** | **22040** | **22815** | **653** | **5820** | **60** | **29348** | **—** | **261** | **—** | **965** | **7043** | **3182** | **—** | **—** | **278** |
| &nbsp;&nbsp;&nbsp;Minister's Office | 967 | 586 |  | 173 | 60 | 819 |  | 100 |  |  |  | 17 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Services | 21073 | 22229 | 653 | 5647 |  | 28529 |  | 161 |  | 965 | 7043 | 3165 |  |  | 278 |
| **Total** | **196931** | **137140** | **954** | **34858** | **60** | **173012** | **—** | **1938** | **—** | **27127** | **7117** | **4074** | **—** | **5** | **596** |

---

**Statutory Appropriations**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Crown Land special account** | **500** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **500** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **50** | **—** | **41** | **—** | **1831** | **—** | **—** | **15134** | **15134** | **—** | **—** | **8** | **8** | **—** | **(88)** | **(88)** | **(1)** | **(1890)** | **(1891)** | **30554** |
| **196** | **—** | **30** | **4** | **4244** | **42** | **—** | **7980** | **8022** | **—** | **—** | **8** | **8** | **—** | **(108)** | **(108)** | **(1)** | **(935)** | **(936)** | **44173** |
| **149** | **—** | **30** | **4** | **14051** | **233** | **—** | **1235** | **1468** | **—** | **—** | **50006** | **50006** | **—** | **(87)** | **(87)** | **(1)** | **(60262)** | **(60263)** | **23731** |
| **23** | **—** | **123** | **—** | **7538** | **—** | **—** | **755** | **755** | **—** | **—** | **20** | **20** | **—** | **(4102)** | **(4102)** | **(1)** | **(1836)** | **(1837)** | **31569** |
| **391** | **47** | **—** | **—** | **2552** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **49959** |
| **1111** | **—** | **207** | **200** | **13247** | **—** | **—** | **—** | **—** | **—** | **—** | **873** | **873** | **—** | **(22253)** | **(22253)** | **(1)** | **(1)** | **(2)** | **21213** |
|  |  |  |  | 117 |  |  |  |  |  |  | 31 | 31 |  |  |  |  |  |  | 967 |
| 1111 |  | 207 | 200 | 13130 |  |  |  |  |  |  | 842 | 842 |  | (22253) | (22253) | (1) | (1) | (2) | 20246 |
| **1920** | **47** | **431** | **208** | **43463** | **275** | **—** | **25104** | **25379** | **—** | **—** | **50915** | **50915** | **—** | **(26639)** | **(26639)** | **(6)** | **(64925)** | **(64931)** | **201199** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **123210** | **—** | **—** | **123210** | **—** | **—** | **500** | **500** | **—** | **—** | **—** | **—** | **(123210)** | **(123210)** | **500** |
| **—** | **—** | **—** | **—** | **—** | **123210** | **—** | **—** | **123210** | **—** | **—** | **500** | **500** | **—** | **—** | **—** | **—** | **(123210)** | **(123210)** | **500** |

---

MANAGEMENT OF PUBLIC FUNDS AND DEBT <br> ($000)

**VOTE 47 Management of Public Funds and Debt**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Borrowing for Government Operating and Capital Funding** | **2762117** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Borrowing for Relending to Government Bodies** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Financial Agreements Entered into on Behalf of Government Bodies** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Warehouse Borrowing Program** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **2762120** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **3781046** | **17200** | **3798246** | **—** | **—** | **—** | **(500)** | **—** | **(500)** | **3797746** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **2426600** | **2426600** | **—** | **—** | **—** | **(1102900)** | **(1323699)** | **(2426599)** | **1** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **1** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **1** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **3781046** | **2443802** | **6224848** | **—** | **—** | **—** | **(1103400)** | **(1323699)** | **(2427099)** | **3797749** |

---

OTHER APPROPRIATIONS<br> ($000)

**VOTE 48 Contingencies**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **General Programs** | **4000000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **4000000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

**VOTE 49 Capital Funding**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Capital Funding** | **7258544** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Schools | 1389634 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Health Facilities | 3997516 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Housing | 688425 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Post-secondary Institutions | 929646 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;B.C. Pavilion Corporation | 59222 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Royal British Columbia Museum | 94101 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Capital Projects | 100000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **7258544** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **5000001** | **5000001** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **5000000** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **5000001** | **5000001** | **—** | **—** | **—** | **—** | **(1)** | **(1)** | **5000000** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **6153166** | **6153166** | **—** | **—** | **7** | **7** | **—** | **—** | **—** | **—** | **(7)** | **(7)** | **6153166** |
|  |  |  |  |  |  |  | 1359330 | 1359330 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 1359330 |
|  |  |  |  |  |  |  | 3019184 | 3019184 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 3019184 |
|  |  |  |  |  |  |  | 791983 | 791983 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 791983 |
|  |  |  |  |  |  |  | 872974 | 872974 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 872974 |
|  |  |  |  |  |  |  | 27279 | 27279 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 27279 |
|  |  |  |  |  |  |  | 32416 | 32416 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 32416 |
|  |  |  |  |  |  |  | 50000 | 50000 |  |  | 1 | 1 |  |  |  |  | (1) | (1) | 50000 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **6153166** | **6153166** | **—** | **—** | **7** | **7** | **—** | **—** | **—** | **—** | **(7)** | **(7)** | **6153166** |

---

OTHER APPROPRIATIONS<br> ($000)

**VOTE 50 Commissions on Collection of Public Funds**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Commissions on Collection of Public Funds** | **91770** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Ministry of Agriculture and Food | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Attorney General | 6080 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Children and Family Development | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Citizens' Services | 945 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Education and Child Care | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Emergency Management and Climate Readiness | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Energy and Climate Solutions | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Environment and Parks | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Finance | 83000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Forests | 366 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Health | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Housing and Municipal Affairs | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Indigenous Relations and Reconciliation | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Infrastructure | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Jobs and Economic Growth | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Labour | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Mining and Critical Minerals | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Post-Secondary Education and Future Skills | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Public Safety and Solicitor General |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Social Development and Poverty Reduction | 480 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Tourism, Arts, Culture and Sport | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Transportation and Transit | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Water, Land and Resource Stewardship | 881 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Recoveries** | **(91769)** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **92041** | **92041** | **—** | **—** | **—** | **—** | **—** | **—** | **92041** |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 6350 | 6350 |  |  |  |  |  |  | 6350 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 945 | 945 |  |  |  |  |  |  | 945 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 83000 | 83000 |  |  |  |  |  |  | 83000 |
|  |  |  |  |  |  |  |  |  |  |  | 366 | 366 |  |  |  |  |  |  | 366 |
|  |  |  |  |  |  |  |  |  |  |  | 2 | 2 |  |  |  |  |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | 2 | 2 |  |  |  |  |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 480 | 480 |  |  |  |  |  |  | 480 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 881 | 881 |  |  |  |  |  |  | 881 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1** | **1** | **—** | **—** | **—** | **(92041)** | **—** | **(92041)** | **(92040)** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **92042** | **92042** | **—** | **—** | **—** | **(92041)** | **—** | **(92041)** | **1** |

---

OTHER APPROPRIATIONS<br> ($000)

**VOTE 51 Allowances for Doubtful Revenue Accounts**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Allowances for Doubtful Revenue Accounts** | **107978** |  | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Ministry of Agriculture and Food | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Attorney General | 6907 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Children and Family Development | 50 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Citizens' Services | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Education and Child Care | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Emergency Management and Climate Readiness | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Energy and Climate Solutions | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Environment and Parks | 50 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Finance | 82814 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Forests | 5000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Health | 4501 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Housing and Municipal Affairs | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Indigenous Relations and Reconciliation | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Infrastructure | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Jobs and Economic Growth | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Labour | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Mining and Critical Minerals | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Post-Secondary Education and Future Skills | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Public Safety and Solicitor General |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Social Development and Poverty Reduction | 8029 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Tourism, Arts, Culture and Sport | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Transportation and Transit | 10 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ministry of Water, Land and Resource Stewardship | 602 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Recoveries** | **(107977)** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| **Total** | **1** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **146590** | **146590** | **—** | **—** | **—** | **—** | **—** | **—** | **146590** |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 7932 | 7932 |  |  |  |  |  |  | 7932 |
|  |  |  |  |  |  |  |  |  |  |  | 50 | 50 |  |  |  |  |  |  | 50 |
|  |  |  |  |  |  |  |  |  |  |  | 2 | 2 |  |  |  |  |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 50 | 50 |  |  |  |  |  |  | 50 |
|  |  |  |  |  |  |  |  |  |  |  | 120400 | 120400 |  |  |  |  |  |  | 120400 |
|  |  |  |  |  |  |  |  |  |  |  | 5000 | 5000 |  |  |  |  |  |  | 5000 |
|  |  |  |  |  |  |  |  |  |  |  | 4501 | 4501 |  |  |  |  |  |  | 4501 |
|  |  |  |  |  |  |  |  |  |  |  | 2 | 2 |  |  |  |  |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 8029 | 8029 |  |  |  |  |  |  | 8029 |
|  |  |  |  |  |  |  |  |  |  |  | 1 | 1 |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | 10 | 10 |  |  |  |  |  |  | 10 |
|  |  |  |  |  |  |  |  |  |  |  | 602 | 602 |  |  |  |  |  |  | 602 |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1** | **1** | **—** | **—** | **—** | **(146590)** | **—** | **(146590)** | **(146589)** |
| **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **146591** | **146591** | **—** | **—** | **—** | **(146590)** | **—** | **(146590)** | **1** |

---

OTHER APPROPRIATIONS

($000)

**VOTE 52 Tax Transfers**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Personal Tax Transfers** | **2037000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Climate Action Tax Credit | 1025000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BC Family Benefit | 582000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Renters Tax Credit | 206000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales Tax Credit | 45000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Small Business Venture Capital Tax Credit | 45000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Personal Income Tax Credits | 134000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Corporate Tax Transfers** | **1371000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Film and Television Tax Credit | 162500 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Production Services Tax Credit | 861800 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Scientific Research and Experimental Development Tax Credit | 121300 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interactive Digital Media Tax Credit | 141300 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Clean Buildings Tax Credit | 1000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Manufacturing and Processing Tax Credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Corporate Income Tax Credits | 83100 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total** | **3408000** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

**VOTE 53 Forest Practices Board**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2025/26 |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  | Salaries and |  |  |  |  |  |  |  |  |  |
| Description | Expenses | 50 | 51 | 52 | 54 | Benefits | 55 | 57 | 59 | 60 | 63 | 65 | 67 | 68 | 69 |
| **Forest Practices Board** | **4162** | **2214** | **—** | **562** | **—** | **2776** | **80** | **115** | **—** | **135** | **400** | **130** | **—** | **—** |  |
| **Total** | **4162** | **2214** | **—** | **562** | **—** | **2776** | **80** | **115** | **—** | **135** | **400** | **130** | **—** | **—** |  |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **—** | **—** | **—** | **—** | **—** | **—** | **1092000** | **—** | **1092000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1092000** |
|  |  |  |  |  |  | 520000 |  | 520000 |  |  |  |  |  |  |  |  |  |  | 520000 |
|  |  |  |  |  |  | 232000 |  | 232000 |  |  |  |  |  |  |  |  |  |  | 232000 |
|  |  |  |  |  |  | 42000 |  | 42000 |  |  |  |  |  |  |  |  |  |  | 42000 |
|  |  |  |  |  |  | 40000 |  | 40000 |  |  |  |  |  |  |  |  |  |  | 40000 |
|  |  |  |  |  |  | 258000 |  | 258000 |  |  |  |  |  |  |  |  |  |  | 258000 |
| **—** | **—** | **—** | **—** | **—** | **—** | **1374000** | **—** | **1374000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **1374000** |
|  |  |  |  |  |  | 176300 |  | 176300 |  |  |  |  |  |  |  |  |  |  | 176300 |
|  |  |  |  |  |  | 751300 |  | 751300 |  |  |  |  |  |  |  |  |  |  | 751300 |
|  |  |  |  |  |  | 150300 |  | 150300 |  |  |  |  |  |  |  |  |  |  | 150300 |
|  |  |  |  |  |  | 162500 |  | 162500 |  |  |  |  |  |  |  |  |  |  | 162500 |
|  |  |  |  |  |  | 1000 |  | 1000 |  |  |  |  |  |  |  |  |  |  | 1000 |
|  |  |  |  |  |  | 55000 |  | 55000 |  |  |  |  |  |  |  |  |  |  | 55000 |
|  |  |  |  |  |  | 77600 |  | 77600 |  |  |  |  |  |  |  |  |  |  | 77600 |
| **—** | **—** | **—** | **—** | **—** | **—** | **2466000** | **—** | **2466000** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **2466000** |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  | Total |  |  |  | Total |  |  |  | Total |  |  | Total |  |  | Total | 2026/27 |
|  |  |  |  | Operating |  |  |  | Govt |  |  |  | Other |  |  | Internal |  |  | External | Operating |
| 70 | 72 | 73 | 75 | Costs | 77 | 79 | 80 | Transfers | 81 | 83 | 85 | Expenses | 86 | 88 | Recoveries | 89 | 90 | Recoveries | Expenses |
| **167** | **—** | **—** | **259** | **1286** | **—** | **—** | **—** | **—** | **—** | **—** | **3** | **3** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **4062** |
| **167** | **—** | **—** | **259** | **1286** | **—** | **—** | **—** | **—** | **—** | **—** | **3** | **3** | **—** | **(1)** | **(1)** | **(1)** | **(1)** | **(2)** | **4062** |

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**EXPLANATORY NOTES ON THE GROUP ACCOUNT CLASSIFICATIONS**

**OPERATING EXPENSES**

Consolidated Revenue Fund operating expenses are presented in the Estimates and the Supplement to the Estimates based on a group account classification system. Each group account represents a broad category of expenses and is composed of several specific components termed standard object of expense. These specific components are presented in the Supplement to the Estimates, and are then aggregated into the group account classification totals shown in the Estimates. This group account classification system is described below.

**SALARIES AND BENEFITS**

50 *Base Salaries* – includes the cost of the base salaries, overtime pay, and lump sum payments for all permanent and temporary direct employees of the government.

51 *Supplementary Salary Costs* – includes the cost of extra pay for certain types of work, such as shift differentials, premiums, and allowances.

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| 52 | *Employee Benefits* – includes the cost of employer contributions to employee benefit plans, pensions, and other expenses related to employee salaries. Other benefits paid by the employer, such as relocation and transfer expenses, are also included. |

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| 54 | *Legislative Salaries and Indemnities* – includes the cost of the annual Members of the Legislative Assembly (MLA) indemnity and supplementary salaries as authorized under section 4 of the *Members' Remuneration and Pensions Act*. Salaries for the officers of the Legislature are also included. |

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**OPERATING COSTS**

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| 55 | *Boards, Commissions and Courts* – *Fees and Expenses* – includes fees paid to board and commission members, juries and witnesses, and related travel and out-of-pocket expenses. |

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57 *Public Servant Travel* – includes travel expenses of direct government employees and officials on government business, including prescribed allowances.

59 *Centralized Management Support Services* – includes central agency charges to ministries for services such as legal services.

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| 60 | *Professional Services* – includes fees and expenses for professional services rendered directly to government for the provision of goods and services in the delivery of government programs, the provision of goods or services that are required by statute or legislation and are billed directly to the government, and the provision of goods or services that will assist in the development of policy and/or programs or improve/change the delivery of programs, such as management consulting services. |

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| 63 | *Information Systems* – *Operating* – includes all contract fees and costs related to data, voice, image, and text processing operations and services, such as data and word processing, data communications charges, supplies, repairs, maintenance, and short-term rentals of information processing equipment. |

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65 *Office and Business Expenses* – includes supplies and services required for the operation of offices.

67 *Informational Advertising and Publications* – includes costs associated with non-statutory advertising and general publications.

68 *Statutory Advertising and Publications* – includes costs associated with special notices and publications required by statute and regulations.

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| 69 | *Utilities, Materials and Supplies* – includes the cost of services such as the supply of water and electricity, materials, and supplies required for normal operation of government services and food for institutions. |

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70 *Operating Equipment and Vehicles* – includes the costs associated with the repair and maintenance of government vehicles and operating machinery and equipment.

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| 72 | *Non-Capital Roads and Bridges* – includes highway costs recovered from the BC Transportation Financing Authority, costs for minor enhancements to capitalized infrastructure, as well as non-highway road costs. |

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73 *Amortization* – includes the amortization of the cost of capital assets and prepaid capital advances over their useful lives.

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| 75 | *Building Occupancy Charges* – includes payments to the private sector for the rental and/or maintenance of buildings and office accommodation, including tenant improvements that do not meet the criteria for capitalization. |

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**GOVERNMENT TRANSFERS**

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| 77 | *Transfers* – *Grants* – includes payments to individuals, businesses, non-profit associations, and other entities which may include stipulations as to the use of the funds and which are not entitlements or shared cost arrangements. |

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| 79 | *Transfers* – *Entitlements* – includes payments to individuals, businesses, and other entities where eligible recipients must be paid under statute or regulation once they meet all eligibility criteria, if any, outlined in the statute or regulation. |

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| 80 | *Transfers* – *Shared Cost Arrangements* – includes payments that are reimbursements to individuals, businesses, and other entities under the terms of a contract or agreement. |

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**EXPLANATORY NOTES ON THE GROUP ACCOUNT CLASSIFICATIONS *continued***

**OTHER EXPENSES**

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| 81 | *Transfers Between Votes and Special Accounts* – includes transfers (payments) between a vote and a special account. |

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83 *Interest on the Public Debt* – includes only interest payments on the direct provincial debt borrowed for government purposes.

85 *Other Expenses* – includes expenses, such as financing costs, valuation allowances, and other expenses, which cannot be reasonably allocated to another standard object of expense.

**INTERNAL RECOVERIES**

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| 86 | *Recoveries Between Votes and Special Accounts* – includes recoveries between a vote and a special account. |

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| 88 | *Recoveries Within the Consolidated Revenue Fund* – includes recoveries for the use of equipment or the provision of goods and services between ministries of the provincial government. |

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**EXTERNAL RECOVERIES**

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| 89.0 | *Recoveries Within the Government Reporting Entity* – includes costs and amounts recovered from government corporations, organizations, and agencies; the offset for commissions paid for the collection of government revenues and accounts; and the write-off of uncollectible revenue-related accounts. |

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| 90 | *Recoveries External to the Government Reporting Entity* – includes costs and amounts recovered from other governments and non-government organizations. |

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**CAPITAL EXPENDITURES**

Consolidated Revenue Fund capital expenditures are presented based on the category of asset acquired. The categorization of assets is described below.

*Land* – includes the purchased or acquired value for parks and other recreation land, land directly associated with capitalized infrastructure (buildings, ferries, and bridges), but does not include land held for resale.

*Land Improvements* – includes the capital cost of improvements to dams and water management systems and recreation areas.

*Buildings* – includes the purchase, construction, or major improvement of buildings owned by the Consolidated Revenue Fund.

*Specialized Equipment* – includes the purchase or capital lease cost of heavy equipment, such as tractors and trailers, as well as telecommunications relay towers and switching equipment.

*Office Furniture and Equipment* – includes the cost or capital lease cost of office furniture and equipment.

*Vehicles* – includes the purchase or capital lease cost of passenger, light truck, and utility vehicles.

*Information Systems* – includes the purchase or capital lease cost of mainframe and other systems hardware, software, and related equipment.

*Tenant Improvements* – includes the cost or capital lease cost of improvements to leased space.

*Roads* – includes the capital costs for construction or major improvements of roads, highways, bridges, and ferries.

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Ministry of Finance

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