The Liberal Government is raising taxes, selling assets and setting aside more money for children and families in today's provincial budget. It's a pre-election budget that raises taxes by $ 327 million in the coming year--including a one per-cent increase in the corporate income tax rate one year earlier than planned....plus a so-called … [Read more...]
Property taxes going up in Vancouver
December 11, 2012 by
Property taxes in Vancouver are going up. The Vision-supported budget will result in a 2.75 percent tax increase, two percent of which is property tax, the rest a utilities increase. Mayor Gregor Robertson says it's good for residents, and the city. "Keeping taxes low, I think just a two percent rate of inflation increase is very modest and … [Read more...]
Port Moody property taxes on the rise
December 9, 2012 by
If you're a Port Moody homeowner, get ready to see a big property tax hike next year. Mayor mike clay says the hike is likely going to be over six percent, but it is necessary to maintain existing services after population growth in recent years. "Do you peel the band aid off slowly, or do you rip it off and get it done? That’s what we're … [Read more...]
How to raise money without raising taxes
November 29, 2012 by
Mayors in Metro Vancouver are looking at alternatives to property tax to raise funds after a regional symposium on finances Richmond Mayor Malcolm Brodie says the current property tax system as a funding base is inflexable and archaic. But when asked what model municipalities might go with as an alternative to property taxes, Brodie … [Read more...]
Adrian Dix withholding judgement over BCTF drive to hike taxes for education
October 1, 2012 by
The leader of the NDP is withholding judgement on the BC Teachers Federation seeking a jump in taxes to pay for education improvements. Adrian Dix was asked where he sits when it comes to hiking taxes to pay for hiring teachers "The education system today is funded with tax money everyone understands that is the case under the current … [Read more...]
Property taxes going up
January 24, 2012 by
Surrey City Council has approved a 5 year financial plan that includes a 2.9 percent increase in property taxes each year. Councillor Tom Gill says the plan is geared towards inflation, and is based upon the assumption inflation will be about 2.9 percent over the next 5 years. Gill says with a hike in a road and traffic levy and utilities, it … [Read more...]
Dodging taxes? End up in court
August 29, 2011 by
Three B.C men face new court action after being charged with trying to avoid paying taxes. Bo Ping He, Yun Mei He and Yi Ming Jiang, who run the Sushi Man Restaurant, were charged with making false statements on tax returns and destroying some records to avoid paying taxes. The case started as part of a pilot project by the Canada Revenue Agency to … [Read more...]
