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

Young Chilliwack girl raises more than $1,000 for family devastated by fire

Elementary school student’s $20 donation snowballs with matching funds

‘Fleet-footed’ Chilliwack Mountie catches B&E suspect in the act

Prolific thief David Stephen Wilgosh was already out on bail for a 2017 B&E

Transportation Plan for Chilliwack soon to be hot off the presses

The in-depth plan spans 17 chapters covering all the transportation-related challenges and projects

Chilliwack hockey fans, community, gather to pay tribute to Humboldt Broncos

Hundreds take part in Chilliwack Chiefs event at Prospera Centre

Crash closes Highway 1 near No. 3 Road

Both eastbound and westbound lanes affected

Unofficial “Mayor of Downtown Chilliwack” honoured by MLA in legislature

Harold Zinke has worked for 19 years to keep Chilliwack’s streets clean and events running smoothly

B.C. towns rank in top honeymoon destination worldwide

Vernon, Kaslo, Sunshine Coast and the Island hit Expedia.ca’s list of top 18 honeymoon destinations

Olympic gold now official for B.C. weightlifter

Christine Girard’s bronze medal from 2012 Olympics upgraded to gold, IOC announces

Men arrested at Starbucks say they feared for their lives

Rashon Nelson and Donte Robinson were arrested in a Philadelphia Starbucks, becomign viral video

Did a Canadian shoot down the Red Baron? A century later, debate hasn’t quit

Om April 21, 1918 two Canadians in their canvas-covered Sopwith Camel biplanes engaged the enemy

VIDEO: Canadian teen lands invite to Royal wedding

Prince Harry and Meghan Markle have invited Faith Dickinson, founder of Cuddles for Cancer

B.C. liquor server wage to be phased out by 2021

Piece work pay for farm workers rises, but stays in place for now

Vancouver Whitecaps sign 16-year-old B.C. player

Grade 10 student from Langley joins MLS club

VIDEO: Family asks for help finding remains of Surrey man missing for 10 years

Police suspect foul play in Kellen McElwee’s disappearance a decade ago

Most Read