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

Surrey murder victim’s family appeal for help to solve crime

The family of Devon Allaire-Bell will speak at 10 o’clock this morning in Surrey

Police Recovered Goods auction in Surrey this Saturday

Annual auction held at Able Auction’s Newton location

Fraser Health patients to see 23% more knee, hip replacement surgeries

First-available surgeon approach will reduce waitlists, B.C. health minister says

Surrey RCMP responding to report of stabbing in Whalley

Incident near 104th Avenue and 125th Street

Farnworth says five years too long for feds to deal with organized crime in medical pot

Needs to be dealt with much sooner than that, B.C. Public Safety Minister says

PHOTOS: Sun shines down on Surrey’s Vaisakhi parade

Surrey celebration considered the biggest in North America and one of the largest outside India

NHL playoffs weekly roundup

Maple Leafs look to stay alive tonight as they face elimination against Boston on home ice

Electric vehicles more affordable than you think

Myths blocking road to electric vehicle adoption

Chilliwack Creep Catchers conduct sting in front of newspaper office

Controversial vigilante anti-pedophile group greets man allegedly trying to meet a 13-year-old

Kinder Morgan bungled pipeline public relations: poll

The survey suggests 58 per cent of Canadians believe the company is to blame for poor perceptions

Plane makes a surprise landing on the Coquihalla

Social media was alive Sunday night with pictures from Coquihalla commuters.

Man charged after two men defrauded on dating app Grindr

West Vancouver police said two victims are out $3,000

Royal baby: It’s a boy for Kate and William

The Duchess of Cambridge has given birth to her third child, a boy weighing 8 pounds, 7 ounces.

Vancouver’s Chinese community receives apology for historical discrimination

More than 500 people gathered at the Chinese Cultural Centre for the event

Most Read