(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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VIDEO: Fraser Valley Bandits super fan celebrates 100th birthday

Abbotsford resident Gladys Sautter surprised by Bandits representatives on big day

Abbotsford Police remind drivers that school speed zones are back in effect

With partial reopening of schools on June 1, drivers cautioned to slow down

FVRD flooding evacuation alerts in effect

Unprotected areas affected include parts of Morris Valley Road and Lougheed Highway

Cyclist in his 50s victim of fatal crash near Hope Thursday

Police have ruled out speed, impairment as factors after a tractor-trailer struck a man in his 50s

Five Menno Place teams recognized for work during pandemic

Abbotsford seniors’ campus of care acknowledges staff efforts

VIDEO: A Vancouver Island black bear takes weekend nap in eagle tree

Videos captured by Terry Eissfeldt shows the bear arriving Saturday night and sleeping in on Sunday

Facing changes together: Your community, your journalists

New platform allows readers to make a one-time or ongoing donation to support local journalism

Two more COVID-19 cases reported by Langley long term care facility

One resident, one staffer have tested positive for the coronavirus

George Floyd asphyxiated by sustained pressure: family autopsy

Death sparked a wave of protests across the U.S. and abroad

Suspect sought in alleged assault, hate crime on Metro Vancouver bus: transit police

The woman then allegedly punched the teenager in the head multiple times

COVID-19: B.C. commercial landlords can’t evict if they decline rent assistance

Emergency order ‘incentive’ for federal program, Carole James says

Investigators probe death of CN employee at Surrey rail yard

Transportation Safety Board is investigating an ‘occurrence that took place during switching operations’

Trans Mountain starts B.C. leg of pipeline twinning project

Mostly finished in Alberta, Burnaby terminal expanding

Most Read