BC Greens publish wealth tax plan, saying it would raise $22.2 billion in the first year
Emily Lowan announced the Fair Share Act in Victoria on October 5, a BC Greens plan to tax net wealth above $50 million and use the money for childcare, transit, housing and debt reduction.
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The BC Green Party published a wealth tax plan on October 5 that it says would raise $22.2 billion in the first year for childcare, transit, housing, and debt reduction. Emily Lowan, the party's leader and candidate for Saanich North and the Islands, announced the plan in Victoria.
The party calls the proposal the Fair Share Act. It would apply to individuals with net wealth above $50 million and would have two parts: a one-time tax and an ongoing annual levy.
What the party says the tax would charge
The BC Green Party says in its October 5 press release that the one-time component would apply at 5 per cent on wealth above $50 million, 10 per cent on wealth above $100 million, and 20 per cent on wealth above $1 billion. The annual component would charge 2 per cent, 3 per cent, and 5 per cent on the same three levels.
These are the party's own figures and have not been independently verified.
What the party says the money would fund
The party puts the year-one revenue at $22.2 billion, with $5.4 billion in each subsequent year. The party says it would direct the money to four areas: universal childcare, free public transit, affordable housing, and provincial debt reduction. No breakdown of how much would go to each area was included in the October 5 announcement.
The BC Green Party has also said it would close tax loopholes and strengthen federal and provincial enforcement against tax avoidance as part of the same plan. The party has not named which specific loopholes it would close.
What voters can do
British Columbians vote on Saturday, October 24, 2026. Advance voting runs October 16 to 21. To see the BC Greens' full platform, visit the BC Green Party page.
Questions this story answers
What is the BC Greens' Fair Share Act?
The BC Greens' Fair Share Act, announced by leader Emily Lowan in Victoria on October 5, 2026, is a plan to tax net wealth above $50 million in British Columbia. The party says it would apply a one-time tax and an annual recurring tax at different rates depending on the level of wealth. The stated purpose is to raise money for public childcare, free transit, affordable housing, and provincial debt reduction. These are the party's own plans and have not been independently costed.
How much would the Fair Share Act raise, according to the BC Greens?
The BC Green Party says in its October 5 announcement that the Fair Share Act would raise $22.2 billion in the first year and $5.4 billion in each following year. These are the party's own figures, cited in the party's press release. They have not been independently verified or audited. The large year-one figure reflects a one-time component of the tax in addition to the annual levy.
Who would pay the wealth tax under this plan?
The BC Green Party says in its October 5 announcement that the Fair Share Act would apply only to individuals with net wealth exceeding $50 million. The party has not stated how many British Columbians would be affected, and that number has not been independently calculated in this article. The tax would apply to the portion of wealth above the threshold, not to total wealth.
What are the proposed tax rates under the Fair Share Act?
The BC Green Party says in its October 5 announcement that the one-time component would tax wealth at 5 per cent above $50 million, 10 per cent above $100 million, and 20 per cent above $1 billion. The annual component would charge 2 per cent above $50 million, 3 per cent above $100 million, and 5 per cent above $1 billion. These rates come from the party's own press release.
What would the revenue from the Fair Share Act fund?
The BC Green Party says in its October 5 announcement that the revenue from the Fair Share Act would fund universal childcare, free public transit, affordable housing, and reduction of the provincial debt. The party has not published a breakdown of how much of the $5.4 billion annual figure would go to each area. All figures and intended uses come from the party's own announcement.
Has any other party responded to the Fair Share Act?
The BC Green Party's October 5 press release does not include responses from other parties to the Fair Share Act. Before publishing this article, no specific response from the BC NDP or the Conservative Party of BC to this particular announcement was found. Broader reactions to wealth tax proposals in this campaign have come from both parties in other coverage.
Who is Emily Lowan?
Emily Lowan is the leader of the BC Green Party and the party's candidate for Saanich North and the Islands in the October 24, 2026, provincial election. She announced the Fair Share Act in Victoria on October 5. You can find her candidate profile at [/bc/provincial-2026/candidates/emily-lowan](/bc/provincial-2026/candidates/emily-lowan).
When is voting day in the BC provincial election?
Voting day in the British Columbia provincial election is Saturday, October 24, 2026. Advance voting runs from October 16 to 21, from 8 a.m. to 8 p.m. each day. You can check your voting place and registration status through Elections BC at elections.bc.ca.
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