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

Being Young: Summer in Maple Ridge, my favouite

This fall marks a special beginning for me, setting off for the East Coast.

Celebrating National Aboriginal Day in Maple Ridge

Events in Memorial Peace Park on Saturday

Update: Horse put down after hit by car in Maple Ridge, one person to hospital

Accident along 132nd Avenue in Maple Ridge Friday afternoon

PHOTOS: Black bear gets curious on Lower Mainland driveway

Joe Wu captured photos of the animal wandering in Surrey

MacDuff’s Call: Who we are as Canadians

‘We all know we will be strongest with America in our ranks.’

Celebrating Indigenous peoples

Students at Meadowridge School held their inaugural Indigenous People’s Day on Wednesday

Seal pup rescued near White Rock pier

Animal was moving and “barking” when rescue crews arrived

In a matter of hours, women in Saudi Arabia will be allowed to drive

Change was announced as a royal decree in 2017 by Crown Prince Mohammen bin Salman

Feds announce measures to protect endangered whale species

Canada’s Whale Initiative is part of the federal government’s $1.5 billion Ocean Protection Plan

COC session vote approves Calgary as potential host for 2026 Olympics

Scott Hutcheson, chair of Calgary’s Olympic bid corporation — called vote a positive step forward

B.C. man wins job he was denied after saying he had depression

Transport Canada has been order to give Chris Hughes a high-level job and nearly $500,000

B.C. soldier shot down a century ago to be honoured

Norman Stuart Harper, of Kamloops, was killed on a bombing mission over Lahr, Germany, in 1918

Trump sends letter to Trudeau calling for increase in NATO defence spending

The letter comes as tensions between Canada and the United States have risen to a dramatic high

Electoral reform vote in B.C. includes $500,000 each for pro and con groups

A mail-in ballot referendum will take place Oct. 22 to Nov. 30, asking two questions on voting

Most Read