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The B.C. government will provide relief to businesses hit by the speculation and vacancy tax on the airspace above their premises.
Finance Minister Selina Robinson unveiled the government actions Thursday morning, three weeks after Postmedia News revealed some small businesses in Vancouver were facing the speculation and vacancy tax because the unbuilt development potential above their heads had been reclassified from commercial to residential space. Small businesses and their advocates decried the unfairness of what they dubbed the “air tax.”
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