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

Summerland council voting on pay raise

Increases would take effect Jan. 1

Oliver to get new sheriff from graduating class

Oliver will be one of a number of B.C. communities to get a member of the recent graduating class

Out to pasture at the Freak’n Farmer

The annual “fun” event at Covert Farms put on by the Covert family and HooDoo Adventures

Couple of cruisers crammed in Penticton

Penticton RCMP officers and voluteers collected food and money for the Salvation Army Food Bank

Rodgers visits animals at Ontario wildlife sanctuary

Summerland-based musician a supporter of several animal sanctuaries

Weekday weather update

A look at your Okanagan-Shuswap weekday weather for Sept. 24

Edmonton cannabis company revenues more than triples to $19.1 million

Aurora Cannabis revenues more than triple in fourth quarter

B.C. pharmacist suspended for giving drugs with human placenta

RCMP had samples of the seized substances tested by Health Canada

Seattle one step closer to NHL after arena plan approved

Seattle City Council unanimously approved plans for a privately funded $700 million renovation of KeyArena

Harvest Moon to light up B.C. skies with an ‘autumn hue’

It’s the first moon after the autumn equinox

Hockey league gets $1.4M for assistance program after Humboldt Broncos crash

Program will help players, families, coaches and volunteers after the shock of the deadly crash

Don’t feed birds in the parking lot

Vernon wildlife control services owner says feeding ducks and geese, or any wildlife, is bad

Canada has removed six out of 900 asylum seekers already facing U.S. deportation

Ottawa had said the ‘overwhelming majority’ had been removed

Most Read