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

Magic creates emotion: Jason Verners launches Milennial

by James Kasper Victoria’s Jason Verners is an entertainer on the rise.… Continue reading

Women’s changing role in war

The presence of women in the Canadian military goes back over a century

Nearly Neil Diamond visits Mary Winspear Dec. 16 for pre Christmas show

Arriving in Sidney just in time for Christmas, Nearly Neil Diamond, featuring… Continue reading

A meta-theatrical approach eschewing realism in The Madwoman of Chaillot at the Phoenix

Sheila Martindale The scenery is gorgeous and evocative – take a bow… Continue reading

Most Read