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

Four students sent to hospital after school bus crash in Mission

Mission RCMP say hospitalization a precaution, 14 students were on board

VIDEO: And the winners are…

Mission Chamber holds annual Business Excellence Awards on Friday night

End ‘exploitative’ parking fees at Lower Mainland hospitals, group says

HospitalPayParking.ca is criticizing a new contract between health authorities and Impark

Mission being challenged by growing opioid crisis

Community Opioid Dialogue will be held in Mission on Thursday, Jan. 31

VIDEO: Here’s what the B.C. legislature officers are accused of buying

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Slippery roads reported along Coquihalla

The winter weather is finally here in the Central Okanagan

$20K pay gap between women, men in Canadian tech jobs

The report defines tech workers as people either producing or making extensive use of technology, regardless of industry

Catholic student says he didn’t disrespect Native American

Many saw the white teenagers, who had travelled to Washington for an anti-abortion rally, appearing to mock the Native Americans

Former Blue Jays ace Roy Halladay voted into Baseball Hall of Fame

M’s legend Edgar Martinez, Rivera, Mussina also make the grade

South Surrey mother ‘never called 911’ after killing daughter, court hears

Crown submits evidence shows Lisa Batstone wanted eight-year-old Teagan to die

Why would the B.C. legislature need a firewood splitter?

First sign of police involvement in investigation of top managers

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

Most Read