Seniors like retired school teacher Charline Robson say they face thousands of dollars in speculation taxes, even though their properties are not suitable rental homes. The New Democrat government introduced the speculation and vacancy tax to reduce the number of empty homes in most B.C. “These cabins don’t have potable water,” he said. He said he pays about $4,000 in property taxes and now faces a speculation tax bill of about $3,000. property owners subject to the speculation tax.

Source: thestar March 05, 2019 23:15 UTC