An Arizona family in Sidney, B.C., says they might have to sell their beloved vacation home if the speculation tax rolls out as promised. (Black Press files)

B.C. groups form coalition with ‘Scrap the Speculation Tax’ campaign

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.

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.

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: Target real speculators, not long-term homeowners, including many out-of-province residents;

Protect our local tourism-dependent economies, like Kelowna and the South Island;

Reduce the cost of delivering housing units by exempting vacant development land from this tax;

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. Its website allows concerned citizens to learn more and write to their local Member of the Legislative Assembly to express their frustration and concerns.

Just Posted

North Island College launches Aboriginal College Pathway in Port Alberni

Aboriginal students will have a new, supportive start to their education this fall

New fire reported near North Taylor Arm in Alberni Valley

Number of human-caused fires a “concern”

Port Alberni RCMP looking for owners of stolen vehicle rims

Owners will be required to identify their property

UPDATE: 5 injured in plane crash following Abbotsford International Airshow

One in critical condition in incident involving vintage plane

More than 2,000 music fans attend Port Alberni’s Five Acre Shaker

Music festival at McLean Mill went off “without a hitch”

VIDEO: Y2K Spitfire arrives in Comox

Pilot Dave Hadfield flew the warbird while local legend, Stocky Edwards, marshalled him in

Court hearing on Humboldt Broncos fundraising to test Saskatchewan law

The money has yet to be distributed because Saskatchewan has legislation known as the Informal Public Appeals Act

Fredericton police release scene of shooting spree, but ‘damage’ remains

Residents of a Fredericton apartment complex may not be able to return home just yet

Bus crash in Ecuador kills 23 people, injures 14

The bus hit another vehicle in an area known as dead man’s curve on Tuesday

Trump lashes out at Omarosa, calls her ‘that dog’

Manigault Newman continues promoting her White House tell-all and releasing secret audio recordings

UPDATE: Bridge collapses in Genoa, Italy killing at least 20

Five more people are injured and in serious condition

Man plows truck into Houses of Parliament in London

UK police treat Parliament crash as terrorism, man arrested

Child dies in boating incident in Okanagan

A North Vancouver family was boating on Kalamalka Lake in Vernon when the incident occured

Most Read