B.C. Finance Minister Selina Robinson presents bill to delay B.C.’s budget as late as April 30, and allow further spending before that, B.C. legislature, Dec. 8, 2020. (Hansard TV)

B.C. Finance Minister Selina Robinson presents bill to delay B.C.’s budget as late as April 30, and allow further spending before that, B.C. legislature, Dec. 8, 2020. (Hansard TV)

B.C. to remove speculation ‘air tax’ passed on to commercial tenants

Tax applies to empty space above property because it’s vacant

The B.C. government is offering to remove the speculation and vacancy tax being assessed on the empty space above urban properties that is being passed on to commercial tenants in the actual buildings on the property.

The NDP government has been criticized for assessing the speculation tax on unbuilt structures based on the zoning of the property allowing higher buildings, which some landlords are passing on to commercial tenants. Finance Minister Selina Robinson announced Thursday that the province will waive one year of what has become known as the “air tax” for a small number of property owners that meet a list of conditions and apply for remission.

“We don’t believe that tenants should have these costs passed on to them by landlords,” Robinson said April 29. “We will temporarily remove the speculation and vacancy tax liability for 2020 for property owners that meet certain conditions. Both property owners and tenants can now apply for the remission to ensure the people we are trying to help, the tenants, don’t have to wait for the owner to apply.”

Robinson told reporters at the B.C. legislature her ministry is working on a permanent fix to stop property owners from rezoning the space above their commercial properties to residential, which lowers the property tax, but not building the units allowed by the zoning.

The speculation and vacancy tax has been added to property tax in these situations, sparking protests from tenants who say the tax is being passed on to their lease payments. Robinson says there are fewer than 100 landlords who are passing on the costs.

Tenants or landlords seeking an exemption for the 2020 tax are told to contact the finance ministry at 1-833-554-2323 to apply. It is for leases entered into before April 29, 2021, for a property that contains vacant residential space along with a class five or six commercial tenant.

RELATED: NDP defends ‘air tax’ on unbuilt properties, slow business aid

RELATED: Speculation tax doesn’t cool B.C.’s hot housing market


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC politicsspeculation tax

Just Posted

A worker at Wee Geordies Liquor Store held at knifepoint on Wednesday at 3:30 p.m. A female entered the store and grabbed a bottle of liquor and produced a knife and demanded money. She was not located. (Wee Geordies video surveillance screenshot)
VIDEO: Two stores robbed on the same day in Kitimat

The first incident was at 5:45 a.m. and the second incident occurred 3:30 p.m.

McElhanney worked with the builder, LHLP, to develop a fishway in a highly constrained and fluctuating waterway. (McElhanney file photo)
McElhanney win natural resources and habitat award for the Anderson Creek Fishway

Local team used design elements to minimize the environmental impact of the LNG Canada construction

The community food share garden that was located in Mountainview Square between Pet Valu and BC Liquor store has been relocated to the Cornerstone garden between No frills and the lower mall access. (Jacob Lubberts photo)
Kitimat Food Share Garden getting set up for the season

The District of Kitimat has also contributed $30,600 in 2021 to the TSWA’s Food Share program

An aircraft gets serviced at the Northwest Regional Airport. An apron expansion project undertaken in October last year, will be able to accommodate six aircrafts once ready in May. (Binny Paul/ Terrace Standard)
VIDEO: Northwest Regional Airport apron expansion work nears completion

The $2 million project was undertaken to accommodate increased LNG Canada charter traffic

Kitimat RCMP searching for two robbery suspects. (File photo)
Two robbers, both armed with knives, sought

Incidents took place at corner store, liquor store

A worker at Wee Geordies Liquor Store held at knifepoint on Wednesday at 3:30 p.m. A female entered the store and grabbed a bottle of liquor and produced a knife and demanded money. She was not located. (Wee Geordies video surveillance screenshot)
VIDEO: Two stores robbed on the same day in Kitimat

The first incident was at 5:45 a.m. and the second incident occurred 3:30 p.m.

Bradley Priestap in an undated photo provided to the media some time in 2012 by the London Police Service.
Serial sex-offender acquitted of duct tape possession in B.C. provincial court

Ontario sex offender on long-term supervision order was found with one of many ‘rape kit’ items

Rich Coleman, who was responsible for the gaming file off and on from 2001 to 2013, was recalled after his initial testimony to the Cullen Commission last month. (Screenshot)
Coleman questioned over $460K transaction at River Rock during B.C. casinos inquiry

The longtime former Langley MLA was asked about 2011 interview on BC Almanac program

Steven Shearer, <em>Untitled. </em>(Dennis Ha/Courtesy of Steven Shearer)
Vancouver photographer’s billboards taken down after complaints about being ‘disturbing’

‘Context is everything’ when it comes to understanding these images, says visual art professor Catherine Heard

Trina Hunt's remains were found in the Hope area on March 29. Her family is asking the public to think back to the weekend prior to when she went missing. (Photo courtesy of IHIT.)
Cousin of missing woman found in Hope says she won’t have closure until death is solved

Trina Hunt’s family urges Hope residents to check dashcam, photos to help find her killer

Chief Public Health Officer Theresa Tam listens to a question during a news conference, in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Restrictions will lift once 75% of Canadians get 1 shot and 20% are fully immunized, feds say

Federal health officials are laying out their vision of what life could look like after most Canadians are vaccinated against COVID-19

Police are at Ecole Mount Prevost Elementary but the students have been evacuated. (Kevin Rothbauer/Citizen)
Gardener finds buried explosives, sparking evacuation of Cowichan school

Students removed from school in an ‘abundance of caution’

A COVID-19 patient receives oxygen outside a hospital in Jammu, India, Wednesday, May 12, 2021. (AP/Channi Anand)
B.C. donates $500K to Red Cross COVID-19 relief efforts in India

The money will provide oxygen cylinders and ambulances for patients in communities grappling with the virus

Most Read