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Home / 2018 / Province denies local governments ability to opt out of speculation tax
Province denies local governments ability to opt out of speculation tax

Province denies local governments ability to opt out of speculation tax

Despite holding the approval of 80 percent of British Columbians, local governments are still not sold on the NDP’s housing speculation tax.

During day 3 of the Unions of BC Municipalities annual convention yesterday, attendees gave near-unanimous support to a resolution that would allow them to opt out of the program.

Local government officials are concerned that the tax would negatively affect those with vacation homes or seasonal properties, and believe the decision to charge the tax should be made locally.

In response to the resolution, Minister of Finance Carole James said that, while she understands concerns, the tax is necessary to address the affordable housing crisis and will go ahead as planned.

About Jeff Blagden

News Reporter/ Anchor. Originally from Hamilton, Ontario, Jeff has a background in sports journalism, and radio hosting. He comes most recently from his post as a morning show host in Chetwynd.

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