Topic

Taxes

22 petitions

Update posted 7 days ago

Petition to British Columbia Government, John Horgan, Carole James

Stop BC's Speculation Tax

Twitter: @StopBCSpecTax The BC Government has proposed what they call a "Speculation" Tax in their 2018 Budget.  The objective of this tax is to prevent "foreign" real estate owners from driving up the price of BC real estate by purchasing BC real estate, leaving the properties vacant and then flipping the properties simply to make a profit, thereby driving BC real estate prices higher. As submitted to B.C. Legislature: To the Honourable the Legislative Assembly of the Province of British Columbia, in Legislature Assembled:The petition of the undersigned, residents of the province of British Columbia, states that:The tax as proposed must be stopped. Any tax written must target ONLY real estate speculators, partially vacant homes must be excluded regardless of ownership.The B.C. Speculation Tax is unfair to all owners of non-primary residence homes in British Columbia and is unfair to the local communities these owners support. These home owners are not real estate speculators and legitimately own these homes for a variety of personal reasons unrelated to real estate speculation. Rental of these homes when not in use cannot be a factor for taxation and the new tax on these homes must not go forward. And the requests of municipalities that wish to opt out of this tax must be respected.Your petitioners respectfully request that the Honourable House Stop British Columbia's Speculation Tax as currently proposed. Dated 2nd day of April, 2018. I am caught in the tax below as a “Satellite Family” except that we are a Canadian Satellite Family not what the term generally means in the BC Real Estate world, i.e. wealthy investors from outside the country. I am currently an Alberta resident but I have owned property in BC as a vacation home since 2006. I consider the Okanagan home. My husband was raised in Coquitlam and attended UBC. We will retire there in a few short years. We are residents, not speculators. We and many of our friends and family from BC, Alberta and Saskatchewan have visited our Okanagan home and spent many weeks and months there as residents.  We spend thousands of dollars in our home community every year, at restaurants, Superstore, Save-On Foods, wineries, restaurants, Home Depot, Canadian Tire, the list goes on.  We are residents, not speculators. BC Residents: Please sign this petition. We do not want to leave our home but we cannot afford the "speculation" tax which more than doubles, and then more than quadruples our property taxes. If we sell, and we would have to, we not only have to abandon our dream vacation home but we take all of our spending with us. Who will buy our home? A BC resident? Maybe, or maybe an actual speculator. Ministry of FinanceTax Information SheetISSUED: February 2018 Information Sheet 2018 Tax Info Sheet The speculation tax will target foreign and domestic speculators in BC. These are homeowners who have removed their units from BC’s long-term housing stock –meaning they are not owner-occupied or a qualifying long-term rental property.Satellite families - households with high worldwide income that pay little income tax in BC - will also be captured by the tax.The speculation tax will initially apply to the Metro Vancouver, Fraser Valley, Capitaland Nanaimo Regional Districts, and in the municipalities of Kelowna and WestKelowna.In 2018, the tax rate will be $5 per $1,000 of assessed value. In 2019, the rate will increase to $20 per $1,000 of assessed value. The owners of this petition can be reached at stopspectaxbc@gmail.com Find your MLA here:  https://www.leg.bc.ca/learn-about-us/members

Stop BC Speculation Tax
20,377 supporters
Started 7 months ago

Petition to Premier John Horgan

Think Green: Exempt Electric Vehicles from Luxury Tax

All electric vehicles are valuable in our fight to curb CO2 emissions and to face up to climate change. The province imposes an extra 3% pst (total 10% pst) on electric vehicles (EVs) over $57,000 and now with the 2018 budget, an extra 8% (total 15%pst) Luxury Vehicle Tax (with 5% GST on top of that) on EVs priced between $125,000 and $150,000.  Unfortunately this means the “long range” versions of Tesla Model S and Model X, both exceptional zero emissions vehicles which aren’t even eligible for EV purchase incentives, are at a serious price disadvantage next to fossil-fuelled (CO2 emitting) vehicles of comparable features, quality and performance.  We feel this is a punitive measure against EV buyers, especially those who need the extra range only available from more costly EVs. Without such greater range it’s hard for many buyers to justify buying an EV at all.  Rather than rewarding their clean air choice, this tax discourages or punished those who take action to reduce their personal transport carbon foot print.  Further, the higher taxed EVs are premium level vehicles that have the potential to inspire the image and performance conscious motorist, (not just environmentally-minded drivers) to switch from polluting, CO2 emitting internal combustion vehicles to zero emissions electric cars. This is an important fulcrum for social change in our energy future.  The luxury car tax would be a more effective climate change mitigation measure if it were a graduated tax on all vehicles indexed to their respective exhaust green house gas emissions, rather than their price, since price has little to do with climate impacting emissions.  We ask that ALL BATTERY ELECTRIC PASSENGER VEHICLES BE EXEMPT FROM THE CURRENT “LUXURY TAX” including the changes set out in the BC 2018 Provincial Budget. 

Gerry Gaydos
5,044 supporters