Speculation tax town hall meeting scheduled in West Kelowna

The controversial impending property tax will be discussed June 13

They did it in Kelowna earlier his year. Now it’s West Kelowna’s turn.

A town hall meeting will be held June 13 to discuss the province’s plan to introduce what it is calling a speculation tax on owners of secondary property in a select number of municipalities in B.C., including West Kelowna.

The tax has been slammed by the West Kelowna city council and city officials, saying it will not only reduce development but will also hurt economic growth in the city, and could have an impact on jobs and other industries in West Kelowna.

The tax would impose a 0.5 per cent levy on B.C. owners of secondary property in the province and owners from out-of-province, both Canadians and foreigners. Out of province Canadians with B.C. property would pay a one per cent levy and foreign owners a two per cent levy.

Opponents of the tax say the spectre of its introduction alone has already hurt the economy of West Kelowna.

One developer has shelved plans for a 1,000-unit housing project citing the impending impact of the tax as the reason.

The upcoming town hall is billed as an opportunity to educate the public about the tax and give members of the public an opportunity to discuss the with local MLA Ben Stewart, Mayor Doug Findlater, Kevin Edgecombe of the Urban Development Institute, Tyler Neels of Grant Thornton accountants and Jim Zaffino, West Kelowna’s chief administrative officer. Stewart, Findlater, Edgecombe and Zaffino have all publicly stated opposition to the tax.

Advertisements for the town hall say the organizers want to hear the public’s stories about how the tax will impact them, their businesses and their families.

A similar town hall meeting was hosted by Stewart and Kelowna’s two other B.C. Liberal MLAs, Norm Letnick and Steve Thompson, earlier this year and turned into a stream of complaints, criticism and opposition to the tax. Only two people spoke in favour of the tax at that meeting, and they were booed and shouted down by the large crowd on hand without the moderator intervening.

The West Kelowna town hall meeting, hosted by the Greater Westside Board of Trade, is scheduled for June 13 at the Holiday Inn Hotel in West Kelowna, starting at 6:30 p.m.

To report a typo, email:
newstips@kelownacapnews.com
.


@KelownaCapNews
newstips@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

UBCO Heat men’s and women’s basketball squads bounce over MacEwan

The women got their first win of the season, while the men keep their playoff hopes alive

Surrey man fined $10,000 by Kelowna’s Provincial Court

The man was convicted for three Wildlife Act offences after shooting a bull moose not in season

West Kelowna Warriors fall short to Vernon

The Warriors lost 1-0 in the hard fought battle

Rockets snap streak, shutout Everett 2-0

Kelowna got their first win in seven games against the second best team in the league.

Women’s march to be held in Kelowna today

The march takes place at 11:30 a.m. at the Dolphins

VIDEO: Students in MAGA hats mock Native American at Indigenous Peoples March

Diocese in Kentucky says it is investigating the matter, caught on video by onlookers

CONSUMER REPORT: What to buy each month in 2019 to save money

Resolve to buy all of the things you want and need, but pay less money for them

Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says

Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness

UPDATE: B.C. woman and boy, 6, found safe, RCMP confirm

Roseanne Supernault says both she and her six-year-old nephew are fine and she has contacted police

PHOTOS: Women’s Marches take to the streets across B.C. and beyond

Women and allies marched worldwide protesting violence against women, calling for equality

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Federal Liberals announce former B.C. MLA as new candidate in byelection

Richard Lee will face off against federal NDP leader Jagmeet Singh

No winning ticket in $10 million Lotto Max jackpot

No win in Friday night’s draw means the next Lotto Max draw will be approximately $17 million

Most Read