Gap between business, residential property tax rates narrows

CFIB report card credits cities for working to rein in business tax rates

A small business lobby group says the gap between business and residential property tax rates charged by B.C. municipalities is narrowing, but remains too wide.

The Canadian Federation of Independent Business released a report card showing small businesses paid on average 2.7 times as much in tax as residential taxpayers for property of the same value in 2012, down slightly from 2.78 in 2011.

It’s the fourth straight year that gap has narrowed.

“We still have a long way to go,” said CFIB provincial affairs director Mike Klassen, who praised cities for reining in business tax rates. “There is a clear trend emerging.”

The CFIB report lists North Saanich, Coquitlam, Revelstoke, Vancouver and Metchosin as having the highest business-residential tax rate ratio, ranging from 5.6 to 4.35 times residential rates.

The gap actually increased signficantly in Terrace, Burnaby, West Vancouver and Kitimat.

 

 

 

Just Posted

Port Alberni gets colourful

First-ever 5k Colour Run drew a crowd

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

Alberni wrestler heads to University of the Fraser Valley to compete

Ravi Manhas is one of 10 recruits signed to the Cascades for 2018-19

Taxing Vancouver Island

Big Read: find out which communities are paying the lowest and highest taxes on Vancouver Island

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

Rainbow crosswalk in B.C. defaced 10 days after installation

Surrey’s first rainbow crosswalk has been defaced sometime over the weekend

Closing arguments expected in trial for twice convicted Canadian killer

Crown, defence expected to give closing arguments in Millard murder trial

Pigs crash yoga class in B.C.

First it was goats, now it’s pigs — you can get downward dog with the whole farm in Aldergrove

Canadians undertake the world’s most dangerous peacekeeping mission

A dozen Canadian peacekeepers arrive in Mali as yearlong mission begins

U.S. justices won’t hear case of anti-gay marriage florist

The case is regarding whether business owners can refuse on religious grounds to comply with anti-discrimination laws

Kangaroo stops play during Australian soccer match

The women’s game stopped play for more than 30 minutes on Monday due to the kangaroo

Man shot dead in Surrey ID’d as hockey coach and father of two

Murder of Paul Bennett – a respected Peace Arch Hospital worker and ‘champion of sport’ – ‘not random’

Serial killer Robert Pickton transferred to Quebec: victim’s family

Pickton was convicted in December 2007 of six counts of second degree murder

Most Read