Momentum builds to scrap the speculation tax

Concerned British Columbians launch campaign to Scrap the Speculation Tax

A coalition of B.C. business groups has launched a campaign called Scrap the Speculation Tax to demand that Premier John Horgan and the government reverse their decision to implement a Speculation Tax.

“It is our responsibility to speak up and educate consumers about how the new speculation tax will negatively affect jobs in our community,” said Justin O’Connor, president, Canadian Home Builders’ Association Central Okanagan.

READ MORE: SOME HAVE HIGH HOPES FOR THE SPECULATION TAX

While the government wants to address housing affordability, the coalition contends that the tax will do the exact opposite. They say it will kill jobs, hurt the B.C. tourism industry and make the housing affordability issue worse.

“We’ve joined this growing coalition on behalf of our many members, and the large group of business people and visitors to the Okanagan who have let us know this tax could be ruinous to their businesses and to their personal plans to maintain a home in Kelowna. New housing stock, vacation properties, downstream retail purchasers by summer and winter visitors – all are threatened by this punitive tax,” said Carmen Sparg, Kelowna Chamber president.

The coalition recommends the B.C. government immediately scrap the Speculation Tax and do the following to address housing affordability:

  1. Target real speculators, not long-term homeowners, including many out-of-province residents;
  2. Protect our local tourism dependant economies, like Kelowna and the South Island;
  3. Reduce the cost of delivering housing units by exempting vacant development land from this tax;
  4. Exempt Canadian and British Columbian taxpayers from this unfair tax measures.

The campaign wants to spread the word about the unfair and ineffective Speculation Tax. Their website allows concerned citizens to learn more and write to their local Member of the Legislative Assembly to express their frustration and concerns.

The coalition includes the Kelowna Chamber of Commerce, Tourism Victoria, Canadian Home Builders Association – Central Okanagan, UDI Capital Region, UDI Okanagan, Independent Contractors of British Columbia, Stop the Speculation Tax Petition (#StoptheSpecTax), Nanaimo Chamber of Commerce and the Peachland Chamber of Commerce

For more information, go to scrapthespeculationtax.ca or contact: contact@scrapthespeculationtax.ca

Just Posted

Blind Bay shooter changes story about accomplice

Jordan Barnes tells the court he was sole person responsible for death of Nicholas Larsen

Okanagan realtors add voices to anti-speculation tax coalition

This speculation tax is likely to harm the very people the government is trying to protect

More than 70 guns seized in Spall

RCMP seizure from North Okanagan home follows report of shots fired

Askew’s owner objects to underpass

Downtown Salmon Arm voices its support for project, which will go to referendum in October

MMIW drone team fundraising for summer searches

Organizers expect the searches to expand this summer

Sunshine and above-average temperatures all week

We can expect to enjoy this warm sunshine all week long

Judith Guichon steps down as Lieutenant Governor of B.C.

Election decision didn’t make her best moments from the past six years

Okanagan Lake levels stay steady but snowpack is growing: officials

Whether or not the tributaries and creeks flood depends on how suddenly the snowpack begins to melt,

Vancouver to rake in $30 million in empty homes tax in first year

The tax is the first of its kind in Canada, and was intended to address the city’s near-zero vacancy rate

Toronto songstress shares indie vibes with Okanagan

Emma Cook will rock Penticton’s The Elite April 28 before she hits Vernon’s Record City April 29

B.C.’s snowpack continues to increase, melting delayed

River Forecast Centre official says sudden melting further into the season could cause flooding

Student produces gun at Princeton Secondary School

Starter pistol confiscated, RCMP are investigating

Another B.C. First Nation voices support for Kinder Morgan pipeline

Simpcw First Nation claims people living on one-third of pipeline route support the project

Protesters argue both sides of B.C.’s SOGI curriculum at teachers’ union office

The sexual orientation and gender identity program was launched as a pilot project last year

Most Read