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

Province announces $23 million for upgrades at Kootenay Boundary Regional Hospital

West Kootenay-Boundary Regional Hospital District Board has yet to review the provincial proposal

Call a foul on cancer with the Pink Whistle Campaign

Local basketball referees are raising money for cancer research

UPDATE: Two-car accident closes Highway 3A at Thrums

Road expected to open for single-lane alternating traffic at 2 p.m.

Trail Curling Club set for BC senior championships

Volunteers step up for BC Senior Curling championships at Trail Curling Club

Man found dead identified as Andreas Pittinger

Pittinger was known locally for hosting a radio show

VIDEO: Canada’s flag turns 54 today

The maple leaf design by George Stanley made its first appearance Feb. 15, 1965

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Plecas won’t run in next election if B.C. legislature oversight reforms pass

B.C. Speaker and Abbotsford South MLA says he feels ‘great sympathy’ for Jody Wilson-Raybould

Workshop with ‘accent reduction’ training cancelled at UBC

The workshop was cancelled the same day as an email was sent out to international students

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

Judge rules Abbotsford home must be sold after son tries to evict mom

Mom to get back down payment and initial expenses

Trump officially declares national emergency to build border wall

President plans to siphon billions from federal military construction and counterdrug efforts

Snow turns to slush, rain as it warms up across B.C.’s south coast

Some areas are already covered by more than half a metre of snow following three separate storms

Father to be charged with first-degree murder in Amber Alert case

11-year-old Riya Rajkumar was found dead in her father’s home in Brampton, Ontario

Most Read