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Speculation tax exemption created for some B C commercial property tenants

VANCOUVER An exemption has been introduced for dozens of B.C. businesses who were charged a speculation vacancy tax for the air space above their leased spaces. Finance Minister Selina Robinson discussed the new exemption Thursday, a couple of weeks after some businesses reported being dinged on empty space. Dan Rodriguez, the owner of Las Margaritas in Kitsilano, told CTV News Vancouver earlier this month that his bill went up by $6,000 this year because of the tax. Rodriguez does not own the land, but he pays taxes and maintenance fees as part of the lease agreement with his landlord.

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Air tax relief coming for businesses, B C government announces

Article content 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.” We apologize, but this video has failed to load. Try refreshing your browser, or Air tax relief coming for businesses, B.C. government announces Back to video

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Dan Fumano: Minister pledges imminent fix on air tax, but no details

B.C. s finance minister says she will soon bring forward a solution to the vacancy tax hitting airspace over small businesses.

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Real estate tax: B C minister says tenant shouldn t have to pay for open space above building

Real estate tax: B C minister says tenant shouldn t have to pay for open space above building
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Dan Fumano: Ex-B C NDP premier among those pushing for air-tax fix

Article content After Postmedia News revealed this week that B.C.’s “speculation and vacancy tax” had started hitting the airspace above some mom-and-pop businesses this year, this reporter’s inbox was flooded with messages from bewildered readers. Some were from sympathetic small-business owners, while others expressed furor in language unpublishable in a family newspaper. Some of the outrage over this week’s story came from regular critics of the B.C. NDP, including a B.C. Liberal news release declaring: “New NDP air tax pushes struggling businesses to the brink.” We apologize, but this video has failed to load.

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