Category Archives: Taxes

David Eby invites opponents to protest at his housing town hall

By ThinkPol Staff British Columbia Attorney General David Eby is inviting opponents to protest outside his Housing Town Hall 2.0 scheduled for Monday. “There is adequate protest space outside, and we expect media to attend and cover any protest that

Morneau attended event in China sponsored by “Liberal bagman” seeking billions in tax dollars for affordable housing

By Lisa Tanh Finance Minister Bill Morneau attended an event in China sponsored by a Vancouver real estate developer that is asking the federal government for billions in tax dollars to build affordable housing. Recently, the Canadian Chamber of Commerce

BC Liberals unhappy that speculation tax targets British Columbia’s 1% wealthy enough to own multiple homes

By ThinkPol Staff The BC Liberals are criticizing the speculation tax recently introduced by the province’s Green-backed NDP government because it affects the one percent of British Columbians wealthy enough to own two or more homes. “I think the minister

Wealthy Vancouver homeowner objects to school tax because his children are no longer in school

By ThinkPol Staff A homeowner from Vancouver wealthiest neighbourhood is objecting to the additional school tax levied on properties worth more than $3 million on the grounds that his children are no longer in school. “It may be a great

Andrew Wilkinson introduces bill to reduce taxes on condo flippers by half

By ThinkPol Staff British Columbia’s Leader of the Official Opposition Andrew Wilkinson today introduced a private members bill, that if passed, would reduce taxes on condo flippers by half. Under Canada Revenue Agency interpretation of Income Tax Act, profits made

Flipping houses or condos? CRA reminds you that all profits are fully taxable

By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold

UBC prof behind Speculation Tax says it doesn’t actually target speculation

By Drew Penner Ask University of British Columbia professor Tom Davidoff where the provincial NDP’s new housing tax came from, and he’s quick to take credit. Just don’t try to pin the “speculation” angle on him. “I was like the

Metro Vancouver housing sales slump 30% in March

By ThinkPol Staff Home sales slumped 30 percent last month in Metro Vancouver as BC budget measures aimed at making housing affordable began to cool down the region’s once red hot real estate market. Residential home sales in the region

Speculation tax doesn’t go far enough, Burnaby councillor says

By Drew Penner Burnaby councillor Nick Volkow is newly single. His life changed forever when his wife passed away a year-and-a-half ago. In recent days he’s been pondering the next steps in his own life. But the 22-year Council veteran

BC exempts vacation homes from speculation tax

By Drew Penner The bureaucrats have done their tinkering and the new-and-improved levy on people taking advantage of hot West Coast real estate has been unfurled. BC Finance Minister Carole James said despite revising speculation tax rules to exclude a