According to a Canadian Federation of Independent Business (CFIB) study the average property tax gap between small businesses and residents for the same value property continues to rise in British Columbia.
Brian Bonney, CFIB director of provincial affairs said, “Small businesses are unfairly burdened with paying almost three times the property taxes than residents. This can’t continue indefinitely. We urge municipalities to ‘Cap the Gap’ and set incremental targets to achieve a two to one ratio over the next few years."
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