VICTORIA (January 14, 2020) – Todd Stone, Official Opposition Critic for Municipal Affairs and Housing, is continuing his call for the NDP government and Housing Minister Selina Robinson to immediately implement legislation that will enable local governments to allow for split-zoning, before more small businesses are forced to close their doors due to skyrocketing property taxes.
“This past fall I introduced legislation that would provide tax relief to small businesses who are currently struggling to make ends meet as they are being forced to pay a tax on the unused airspace above their heads,” says Stone. “Minister Robinson promised to implement short-term solutions last fall, yet nearly three months later we have not heard anything even close to a plan from her.”
The Canadian Federation of Independent Business (CFIB) released another report today on this issue that calls for immediate action from the province and shares stories of the many small businesses struggling under the burden of outrageous property taxes. CFIB estimates that the average small business owner in Metro Vancouver saw their property assessment increase 87 per cent in the last five years.
“Split-zoning legislation would mean that hardworking small business owners would no longer have to pay a tax on the unused airspace above their heads, and as such, they would see their property tax bills drop dramatically,” concludes Stone. “The NDP government needs to act now to address the issue of rapidly rising property taxes on unused airspace before we risk losing more arts groups, non-profits, and small businesses, all of which play vital roles in our communities.”