Report C: THREE-YEAR ECONOMIC PLAN UPDATE

TABLE C1
TAX AND RESOURCE REVENUE REDUCTIONS ($ millions)

		1996 and 1997 Budgets*	1998 Budget*	1999 Budget*	Total Annual Savings*
Families and Individuals		282	245	10	537
Small Business		30	71	63	164
High Tech and Tourism		1	22	—	23
Resources & Agriculture		—	19	21	40
Film		—	39	—	39
Forestry		—	200	5	205
	Total	313	596	99	1,008
Provincial Personal Income Tax Reductions due to Federal Measures		55	60	120	235
	Total	368	656	219	1,243
* The estimates in each column represent the total value of the tax cuts announced in these budgets when they are fully implemented. The right hand column represents the total annual value of all tax cuts in 2001/02.

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