Taxes

Land wealth is a massive source of inequality in BC

Sep 4, 2018
Many of us worry about income inequality in BC, and so we should. But here’s the thing—bad as income inequality is, wealth inequality is worse. And in our province, that wealth inequality is driven in large part by real estate—who owns it, and who doesn’t. The ownership of real estate wealth in BC is highly… View Article

Tax breaks and subsidies for BC LNG

Jul 5, 2018
At the height of LNG-mania in 2013/14, high prices in Asia fueled a gold rush mentality in BC—based on shipping cheap BC gas to Asia for mega-profits. But those high prices proved only temporary, and by 2015 the economic case for LNG (liquified natural gas) turned on its head. The subsequent Asian price for gas… View Article

Mobility pricing: What happened? What’s next?

Jun 27, 2018
The final report of the Mobility Pricing Independent Commission (MPIC) was delivered to the Mayors’ Council and TransLink Board on May 24. The report was officially received and then referred to staff for further research and public consultation as there are many outstanding questions not to mention political hurdles ahead. If you are unfamiliar with… View Article

Gas gouging in Metro Vancouver: Blame Big Oil, not taxes

Jun 11, 2018
Everyone is talking about the high price of gas in Metro Vancouver, which hit a new record in May, topping $1.60 per litre. The story making the rounds is that taxes are to blame—in particular the April 1 increase in BC’s carbon tax. Some have seized on this moment to call for tax cuts to… View Article

Low property taxes help fuel housing crisis

Jun 4, 2018
In the wake of February’s BC Budget, property taxes have been making headlines. But less attention has been paid to the province’s unusually low property tax rates, particularly in Vancouver, and how they help fuel the housing crisis. The city of Vancouver has among the lowest property tax rates in the country. Even the additional… View Article