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

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Discontent City can remain where it is until the end of next month

B.C. Supreme Court judge grants application for an extension to comply with injunction

SD68 candidates make last pitch prior to election

Nanaimo Duncan and District Labour Council hosted a meet-and-greet for prospective school trustees

LETTER TO THE EDITOR: So much for ‘say no to drugs’ in Canada

I’m from the ‘users are losers’ generation, says letter writer

Former Nanaimo Daily News editor writes first business book

Book launch for It Worked For Them, It Will Work For Me is Tuesday, Oct. 23

UPDATE: Shots fired at house during fight in Nanaimo

Shots were fired at about 2:30 p.m. Thursday in 500 block of Kennedy Street, say RCMP

Candidate lists finalized for Nanaimo, Lantzville, RDN, school district

Nomination deadline passes in advance of Oct. 20 local government elections

Election 2018: candidate questionnaires

News Bulletin’s questionnaire responses for Nanaimo, Lantzville, school board, regional district

When to vote, where to vote, how to vote

Voting day is Oct. 20, with polls open 8 a.m.-8 p.m.

Beefs & Bouquets, Oct. 18

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

Chicken and Broadway on the menu at Bite of Nanaimo

Food, music and roving broadway characters a recipe for TheatreOne fundraiser Friday, Oct. 19

‘Mom, I’m in trouble:’ Canadian faces 10 years for alleged graffiti

Brittney Schneider, another tourist caught spraying message on walls of Tha Pae Gate in Thailand

Feds consulting on national anti-racism strategy behind closed doors

Heritage Minister Pablo Rodriguez says people still face systemic racism in some communities

Enbridge aims for mid-November to finish B.C. pipeline repair after blast

A natural gas pipeline that ruptured and burned near Prince George caused an explosion and fireball

Most Read