I am totally committed to removing the PST on insurance - I promise that within my first 100 days in office to complete a thorough review of PST on insurance and make all necessary changes - and they will be significant. What I won’t do is make a rash decision without fully understanding the impacts - exactly what happened when the PST on insurance was first introduced.
I’ve indicated I will take an additional year to balance the budget because the PST on insurance is worth approximately $150 M in revenue. That lost revenue will impact our ability to return to balance. With the potential complete removal of this tax, I am being responsible by promising to take an additional year to balance the budget.
I am committed to completing the review which will be within the first 100 days of office. Changes to the PST on Insurance will be announced as part of my first budget.