Taxes

Fighting poverty through tax credit reform

Sep 21, 2018
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One way to fight extreme inequality is to have a progressive tax system. We mostly think about this in the form of progressive income tax brackets, which are structured so that those who have higher incomes pay higher tax rates. Other taxes, however, like sales tax or the carbon tax, are not necessarily progressive in… View Article

Land wealth is a massive source of inequality in BC

Sep 4, 2018
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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
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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
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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
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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
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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

Mobility pricing in practice: A look at London, Stockholm and Singapore

Apr 30, 2018
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An independent commission on mobility pricing (also called “road pricing” or “congestion charging”) will report to TransLink and the Mayors’ Council shortly. In a recent CCPA paper, I looked at the types of mobility pricing that could be considered for Metro Vancouver and the challenge of ensuring a new system is fair. Declining technology costs,… View Article

In defence of BC’s new “speculation” tax

Mar 22, 2018
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Among the housing measures announced in BC Budget 2018, the new speculation tax has caused the most uproar. Some of this stems from a lack of clarity on how the tax will be applied. Details are being worked out by the Ministry of Finance and in their absence there’s been some confusion and alarm. The… View Article