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

Rainfall warning: Up to 70 mm expected across Fraser Valley

Environment Canada issued a weather warning heading into the long weekend

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

Deroche Elementary students release 40,000 salmon fry

Fish were placed in the stream running through the school’s property, on its way to the Fraser River

Mission Fire Rescue receives funds to increase awareness, benefits of sprinklers

Firefighters will show a side-by-side fire and sprinkler-burn demonstration

Mission Friendship Centre hosting Health Fair

Free event has service groups on hand to meet with public

4 victims killed in Penticton shooting spree remembered at vigil

John Brittain, 68, is charged with three counts of first-degree murder and one count of second-degree murder

Vaisakhi parade to fill Surrey streets Saturday: Everything you need to know

More than 500,000 people expected for one of the world’s largest Vaisakhi-related events

Three climbers presumed dead after avalanche in Banff National Park

One of the men is American and the other two are from Europe, according to officials

TSB issues two safety recommendations in probe of fatal B.C. train derailment

The train derailment killed three crew members on board

VIDEO: Trump tried to seize control of Mueller probe, report says

Special counsel Robert Mueller’s report revealed to a waiting nation Thursday

Short-circuit likely caused Notre Dame fire: police official

Investigators made an initial assessment of the cathedral but can’t yet search charred interior

Whitecaps fans stage walkout over club’s response to allegations against B.C. coach

Soccer coach has been suspended by Coastal FC since February

Man in hospital after crash involving parked car in Vancouver

It is unclear what led to the collision involving a black Acura and a parked Land Rover

Elizabeth May’s B.C. wedding will be a ‘low carbon affair’ on Earth Day

Green party leader’s wedding party to depart in a cavalcade of electric cars

Most Read