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

Busy day for Penticton Search and Rescue

PENSAR was called to three separate incidents Sunday, Dec. 16

Zero waste grocery store gives back to charity

Jaye Coward has pledged half of membership sales to Mamas for Mamas

Kelowna Gospel Mission celebrates Grandpa Lloyd’s success

In a video it shares how an outreach worker helped get Lloyd off the streets

Warm weather ahead for Okanagan-Shuswap

Environment Canada says no snow at lower altitudes until Wednesday night

REPLAY: B.C’s best video this week

In case you missed it, here’s a look at the replay-worth highlights from this week across the province

Book Talk: Series stand outs

Novels in a great series can stand on their own

Microscopic parasite found in Prince Rupert water affecting thousands

More than 12,000 residents affected by the boil water advisory issued Dec. 14

Trudeau lashes out at Conservatives over migration “misinformation”

Warning against the “dangers of populism,” Trudeau says using immigration as a wedge political issue puts Canada’s future at risk.

B.C. hockey coach creates ‘gear library’ to remove cost barrier of sport

Todd Hickling gathered donations and used gear to remove the cost barrier for kids to play hockey.

CSRD Wants help figuring out antique survey equipment

The piece of equipment was used by Peter Jennings to map out the North Fork Wild near Craigellachie

Canada’s ambassador meets with second detainee in China

Global Affairs says John McCallum, Canada’s ambassador to China, met with Spavor Sunday

‘They’re coming:’ Flying cars may appear in urban skies by 2023

Air taxis will number 15,000 and become a global market worth $32 billion by 2035

B.C. VIEWS: Andrew Wilkinson on taxes, ICBC and union changes

Opposition leader sees unpredictable year ahead in 2019

Most Read