(Black Press Media file photo)

Vancouver council approves 2% tax shift from business to homeowners

Increases of .5 per cent will be added to residential taxes in 2020 and 2021.

Vancouver councillors have ignored staff advice and voted to shift some of the city’s tax burden from businesses to homeowners.

Council voted Monday night to pass 2 per cent of the commercial tax load on to homeowners.

The shift will be phased in over three years, with the first bump of one per cent added to homeowner’s tax bills by July.

Increases of .5 per cent will be added to residential taxes in 2020 and 2021.

READ MORE: B.C. top income tax rate nears 50%, investment taxes highest in Canada

A staff report urged councillors not to impose the measure, saying the blanket 2 per cent shift would cut property taxes for all commercial properties, from tiny corner stores to large multi-national chains, regardless of need.

But Michelle Barile, with the West Broadway Business Improvement Association, told council that 75 stores had closed along that busy corridor since 2015, and many of those businesses blamed the soaring tax load.

“We should put up a sign that says, ‘Sorry, we’re dead’ because that’s what it looks like right now,” Barile told the council meeting.

City documents show commercial and non-residential properties pay a 45.3 per cent share of Vancouver taxes, while residential properties pay 54.7 per cent.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

Abbotsford firefighters put out suspected arson in SUV, home

Fire appears to have started in SUV and spread to home; police to provide more details this morning

Pianist and cellist featured at fundraising concert at The Reach

Concert on Saturday, May 25 at Abbotsford gallery-museum

VIDEO & SLIDESHOW: Mouat Mudder returns to Abbotsford

Second annual obstacle course race raises funds for Abbotsford Fire Department Charitable Society

RCMP target speeders between Abbotsford and Surrey in month-long blitz

Officers throughout the province launch Swoop campaign

Chilliwack’s pediatric observation unit gets financial shot from trades workers

Unions and contractors donate more than $30,000 to Fraser Valley Health Care Foundation

Kelowna toddler suffers cracked skull after fall from balcony

Neighbour who found the two-year-old boy said he has a bump the size of a golf ball on his head

Man in B.C. charged with murder and arson in 2016 New Brunswick death

He is charged in the death of 71-year-old Lucille Maltais, who was found inside a burned down home

Public warned after man exposes himself to girl, 13, in North Vancouver

RCMP say incident may be linked to others that happened last year

Improve your life and theirs, adopt a cat from the BC SPCA

The BC SPCA holds an adult cat adoption promotion

RCMP probe if teen was intentionally hit with ski pole by mystery skier on B.C. mountain

The incident happened on March 20 on Grouse Mountain. Police are urging witnesses to come forward

Support growing for orphaned Okanagan child after father dies in highway crash

Family thanks emergency crews for assistance in traumatic incident

Baby boom seniors putting pressure on B.C. long-term care: report

B.C. leads Canada in growth of dementia, dependence on care

Pipeline protester chimes in on Justin Trudeau’s B.C. fundraising speech

The government purchased the Trans Mountain pipeline and expansion project for $4.5 billion

Most Read