Full-time resident also opposes speculation tax

A letter to the Hon. Carole James, Minister of Finance:

I write as a full-time resident of B.C. and a voter to express opposition to the provincial government’s plan to institute a property speculation tax on residents who regularly spend part of the year in their homes in our province, but whose principal residence is elsewhere in Canada.

This is a bad idea for the following reasons: part-time residents pay full property taxes on their homes, which entitles them to use community services in the same manner as full-time residents. Furthermore, their use is less than full-time, thereby reducing pressure on these services.

Adding a tax is unfair. If these part-time residents require health care, the cost is billed to their home province. Many part-time residents own condominiums with bylaws that forbid rentals or short term rentals, so they cannot rent their property, even if they are willing. As their B.C. residence is their second home, why should they rent out or be taxed any more than full-time B.C. residents who own vacation property?

If the purpose of the proposed tax on non-residents is to reduce speculation and increase the rental pool, then focus should be on real estate that remains vacant year-round, whether the owners are B.C. residents, other Canadians or foreign owners. In conclusion, those from other parts of Canada who choose to live part-time in and contribute to our economy in B.C., rather than out of country, should not be penalized for doing so.

Lillian Bramwell


Just Posted

Parksville seniors getting stronger with age

Weightlifting couple qualify to compete at Worlds Masters in Montreal in August

Camera captures cougar lurking in Parksville’s Foster Park neighbourhood

Resident shared photo to alert others to big cat’s presence

RDN tipping fees set to go up in July

The Regional District of Nanaimo is set to increase tipping fees at… Continue reading

VIDEO: RCMP ask kids to help name soon-to-be police dogs

13 German shepherd puppies will be born this year

Horvat scores 16 seconds into OT as Canucks beat Blackhawks 3-2

Pettersson sets rookie scoring record for Vancouver

Vancouver Island cancer survivor not giving up fight

Kim Angell grows from advocate and blogger to the face of national campaign

No injuries, pollution in Vancouver Harbour ship collision: Transport Canada

Transportation Safety Board says it has deployed a team of investigators look into the incident

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Finance Minister Bill Morneau will release the Trudeau government’s final budget on Tuesday

New concussion guidelines launched for Canada’s Olympians, Paralympians

The guidelines will be in effect at this summer’s Pan American, Parapan American Games in Lima, Peru

Alphonso Davies doubtful for Canada game against French Guiana in Vancouver

Canada will be without injured captain Scott Arfield and veteran Will Johnson

Watchdog called after man who yelled racial slurs at B.C. vigil hurt during arrest

BC RCMP say man was ‘acting suspiciously’ at prayer vigil for victims of New Zealand mosque shootings

Most Read