Background
Background
Theresa Lo, CPA Chartered Professional Accountant 陳盧韻詩注册會計師事務所
Theresa Lo, CPAChartered Professional Accountant陳盧韻詩注册會計師事務所

Part 3: Personal Provincial Taxes Changes (BC Only)

5.  Medical Service Plan Related Changes

 

Starting January 1, 2017:

  • Premiums stay the same as 2016 - $75 per month
  • Children will not include in the calculation of MSP premiums. Therefore, for single parent with children will be fixed at $75 per month rather than $150 per month. For couple with children, the amount will be the same as before - $150 per month.
  • MSP premium rate paid by couples will be double of the single adults. Therefore, the amount will increase from $136 to $150 monthly for couples with no children.
  • Income threshold for receiving full premium assistance has increased by $2,000 to $24,000.
  • The maximum income threshold before full premium for individual or couple is up to $42,000 while for senior couple is up to $48,000.

 

For more information, please contact us @ 604-639-3229 or info@theresalocpa.ca

 

Note:  All information relating to MSP above is available from BC Government website..

 

By Theresa Lo, CPA, CGA

October 11, 2017

Get in Touch With Us

Please check out our News section for the most updated info in regards of our firm.

 

Call us at +1 604 639-3229+1 604 639-3229 with any questions or to schedule an appointment.

 

Or you may use our contact form.

In order to visit us

Theresa Lo, CPA

Suite 200​, 5050 Kingsway

Burnaby, British Columbia

V5H 4C2

Get Connected!

Print | Sitemap
© Theresa Lo, CPA.
All data and information provided on this site is for informational purposes only. theresalocpa.ca makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.