176 Search Results for wealth tax

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

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

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

Tackle inequality through tax fairness: BC Budget 2018

Nov 16, 2017
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Over the past decade and a half, BC’s tax system has become remarkably unfair. CCPA analysis shows that personal tax changes between 2000 and 2016—including income, sales, property, carbon and Medical Services Plan (MSP) taxes—overwhelmingly benefited the wealthiest British Columbians. Households with income over $400,000—the richest 1 per cent—received a tax cut of $39,000 per… View Article

BC Budget 2018 should use progressive tax options to deliver on affordable housing promises

Nov 7, 2017
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BC’s real estate boom has created winners and losers and has led to a growing housing affordability crisis with tremendous social and economic consequences. Metro Vancouver continues to have a massive housing affordability problem—in both home ownership and rental markets—that threatens to undermine the region’s long-term prosperity. Moreover, the 2017 Homeless Count revealed that homelessness… View Article

Climate justice and the BC carbon tax: 20th Anniversary retrospective

Oct 27, 2017
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BC’s carbon tax was announced in February 2008, a year after the landmark February 2007 Throne Speech that focused extensively on climate change. That set in motion a whole-of-government exercise out of the Premier’s office aimed at developing a climate action plan. (See my ten-year retrospective here.) At the time, a carbon tax was widely… View Article

Ten tax myths revisited: 20th Anniversary retrospective

Oct 6, 2017
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In October 1999, I wrote the report Ten Tax Myths. Any retrospective on this issue must examine the relationship between research and analysis and the question of political agency. We know that no matter how good the research and analysis, unless there is a change agent to use it, the work sits frustratingly on the… View Article