Taxes

BC Tax Commission focuses on business and not the rest of us

Nov 23, 2016
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This fall we presented recommendations to the provincial government’s “Commission on Tax Competitiveness”, which released its final report today. But the Commission suffered from a basic flaw: an exclusive focus on business taxes. What about how BC’s overall tax system affects the large majority of British Columbians? The Commission’s terms of reference precluded consideration of… View Article

The case for a progressive property tax

Nov 2, 2016
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In 1993, then-Finance Minister Glen Clark tabled a controversial BC Budget, featuring a wide range of tax changes. A one-point increase in the provincial sales tax was the largest measure, tempered by the introduction of a refundable sales tax credit. Most of the budget measures increased taxes on the wealthy and corporations. Up went the… View Article

Rising housing prices fuel the growing gap

Sep 19, 2016
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Vancouver is now a “city of millionaires”, according to Environics’ 2016 Wealthscapes report: In B.C., the red-hot real estate market fueled a rise in average net worth, producing Canada’s first “city of millionaires”: Vancouver. In 2015, the average net worth of Vancouver households hit $1,036,202 – an impressive 7.1 percent increase over the previous year. You are forgiven if… View Article

BC should eliminate the MSP. Here are two better options.

Jul 6, 2016
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The MSP has been in the news a lot in recent months, and with good reason: it’s an unfair tax that needs to be eliminated. The BC government announced some reforms to MSP in Budget 2016, in response to mounting pressure from grassroots organizations like the BC Health Coalition, concerned citizens and both opposition parties…. View Article

Affordable housing and its discontents

May 19, 2016
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The public and media response to my new study on affordable housing  exceeded expectations. I anticipated some really strong pushback against my proposals, because they’re pretty radical in today’s context where private sector development is taken for granted, and global capital flows into local real estate go largely unquestioned. By and large, the report was covered… View Article

Housing budget? Not so much.

Feb 17, 2016
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It was supposed to be the housing budget, with action to address a top issue facing the province. Today’s banner headline from The Globe and Mail (“Balanced BC budget aims to cool hot real estate market”) implies that they did take concrete measures. But if you read the budget, there is not much there relative… View Article

What you need to know about BC Budget 2016

Feb 16, 2016
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“The measure of any society is reflected in the degree to which it is willing to help the most vulnerable.” Mike de Jong in the BC Budget 2016 Speech If this is the measure we apply to Budget 2016, then BC is failing miserably. What this budget offers to BC’s most vulnerable is a drop in the bucket…. View Article