Vancouver council approves 2% tax shift from businesses to homeowners
Mornings with Simi
English - April 30, 2019 17:59 - 10 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Vancouver businesses being squeezed by the city's high real estate prices are getting some relief from City Hall. Council has voted to shift 2% of the tax burden FROM business and onto homeowners. This comes after City staff recommended AGAINST the shift, saying homeowners already face enough of a property tax burden.
Patricia Barnes, executive director of the Hastings North Business Improvement Association says the tax shift is desperately needed with businesses on the brink of closure.
Vancouver City Councillor Rebecca Bligh voted in favour of the motion and she joined the CKNW Jon McComb Show this morning to explain why…
Guest: Tom Davidoff
Economics professor at UBC’s Sauder School of Business
Vancouver businesses being squeezed by the city's high real estate prices are getting some relief from City Hall. Council has voted to shift 2% of the tax burden FROM business and onto homeowners. This comes after City staff recommended AGAINST the shift, saying homeowners already face enough of a property tax burden.
Patricia Barnes, executive director of the Hastings North Business Improvement Association says the tax shift is desperately needed with businesses on the brink of closure.
Vancouver City Councillor Rebecca Bligh voted in favour of the motion and she joined the CKNW Jon McComb Show this morning to explain why…
Guest: Tom Davidoff
Economics professor at UBC’s Sauder School of Business