B.C. Liberal Party leader Andrew Wilkinson spoke at the Greater Nanaimo Chamber of Commerce on Monday afternoon. GREG SAKAKI/The News Bulletin

Liberal leader listening to speculation tax concerns

Andrew Wilkinson spoke to Greater Nanaimo Chamber of Commerce on Monday

The B.C. Liberals don’t expect the NDP to rethink the speculation tax, but they want to keep the pressure on in opposition.

Liberal party leader Andrew Wilkinson travelled down Vancouver Island on Monday, stopping at the Greater Nanaimo Chamber of Commerce this afternoon to talk about the speculation tax and other topics.

He said citizens have always known where they stood every spring, expecting to pay, at tax time, a progressive income tax that amounts to a “significant chunk of cash” for higher earners.

“The NDP has said now that in support of their agenda of affordability, it’s time to go after more than just income,” Wilkinson said. “That these assets are available for taxation. That people’s savings, their late-in-life capital gains are now fair game.”

RELATED: B.C. groups form coalition with ‘Scrap the Speculation Tax’ campaign

RELATED: Nanaimo, Lantzville express concerns after speculation tax tweaks

He asked those in the room Monday to share, with his party, examples of the impacts of the speculation tax. Wilkinson shared a few examples of his own, pointing to a proposed project in Vancouver where he said a developer bought a row of homes with the intention of levelling them to put up condos. During the permitting process, he said, the developer is paying speculation tax on the empty homes, harming profit margins so that the condos, when they are built, will now be priced higher than planned.

“This is supposed to be supporting an affordability agenda when it’s driving up the price of the condos,” said Wilkinson.

He wasn’t satisfied with the new geographic boundaries for the speculation tax, saying they came from “totally arbitrary politicized decisions.”

He hopes further discussion about the tax will show the NDP the “error of their ways” but isn’t sure his party will be able to change the government’s mind.

“I am doubtful that the NDP will revise it for a second time,” he said. “They realized the mistakes they’d made the first time and if they keep revising something it means they’re inept.”

Parksville-Qualicum MLA Michelle Stilwell said she fought the speculation tax in Parksville and Qualicum Beach and will be a voice for Nanaimo and Lantzville on the issue.

“The speculation tax as it is written today is not at all a speculation tax – it’s a wealth tax,” she said. “It is not actually having an impact on speculation.”


Like us on Facebook and follow us on Twitter

Just Posted

New champion takes over bathtub race title

Trevor Short wins the Great International World Championship Bathtub Race in Nanaimo

LETTER TO THE EDITOR: Tent city should be relocated out of sight

Camp could be moved to an area west of the old mill recently torn down, says letter writer

Lantzville politicians deny claims made against them in lawsuit

Civil lawsuit involves an accounting business sold by Colin and Denise Haime

Accident in Nanaimo after artillery gun rolls down hill and damages taxi

Accident happened in Comox Road and Terminal Avenue area Saturday afternoon

Lantzville teen breaks BC Summer Games race walking record

Zone 6 athlete Olivia Lundman crossed finish line with ease, to loud cheers in Cowichan

Nanaimo Timbermen make the playoffs

Senior A T-men beat Coquitlam Adanacs 11-6 for fifth-straight win

Tilray CEO talks about medicinal marijuana company’s future in Nanaimo and globally

Brendan Kennedy discusses Tilray’s opportunities through new markets and investment.

PHOTOS: All’s bubbly at Bathtub Days parade and street fair in Nanaimo

Street fair and parade today, World Championship Bathtub Race on Sunday at Maffeo Sutton Park

Nanaimo-based team sets out on Tribal Journeys

A’kwul’muxw Canoe Family launches from Cedar Boat Ramp for Tribal Journeys 2018

Police confirm girl, 8 others injured in Toronto shooting; shooter dead

Paramedics said many of the victims in Danforth, including a child, were rushed to trauma centres

Brush fire breaks out west of Port Alberni

Fire forces partial closure of Highway 4 heading to Ucluelet and Tofino

Final arguments made at tent city hearing, court won’t rule immediately

Lawyer says City of Nanaimo is concerned occupants would consume hand sanitizer

Beefs & Bouquets, July 19

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail bulletinboard@nanaimobulletin.com

Why do they do it? Coaches guide kids to wins, personal bests at the BC Games

Behind the 2,300 B.C. athletes are the 450 coaches who dedicate time to help train, compete

Most Read