4 votes

Homeowners opposed to the NDP school-tax surcharge once again held a rally before a housing town hall organized by Vancouver-Point Grey MLA David Eby on Monday.

Posted by Hypnotoad
Tags: taxes, education, protests, canada, tax.school, government.local, author.cheryl chan
http://vancouversun.com/news/local-news/homeowners-rally-against-ndp-school-tax-surcharge

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Title
Homeowners rally against NDP school-tax surcharge
Authors
Cheryl Chan
Published
Jun 5 2018
Word count
649 words

4 comments

  1. [3]
    acr
    Link
    So all of these people protesting own a home worth at least 3 million or more? Or is everyone protesting, and I am missing something?

    The school-tax surcharge, which will take effect in 2019, adds a 0.2-per-cent tax on the value of a home assessed between $3 million and $4 million, and 0.4 per cent on the value assessed above $4 million.

    So all of these people protesting own a home worth at least 3 million or more? Or is everyone protesting, and I am missing something?

    1 vote
    1. [2]
      blender_cuttingham
      Link Parent
      For a house that's worth 3 millions, you would have to pay 6K more a year in taxes. I fail to see how it's a problem worth protesting for the rich.

      For a house that's worth 3 millions, you would have to pay 6K more a year in taxes. I fail to see how it's a problem worth protesting for the rich.

      1 vote
      1. acr
        Link Parent
        Oh, no, I didn't mean anything by it. I was just curious if this was a more wide spread problem and if I was missing something deeper.

        Oh, no, I didn't mean anything by it. I was just curious if this was a more wide spread problem and if I was missing something deeper.

  2. konketsu
    Link
    These protesters are a vocal minority of resident homeowners in Vancouver's exceedingly exclusive Point Grey neighbourhood. They are protesting an increase in taxation for homes valued at over 3...

    These protesters are a vocal minority of resident homeowners in Vancouver's exceedingly exclusive Point Grey neighbourhood. They are protesting an increase in taxation for homes valued at over 3 million dollars as "unfair", because it is only applied to high-value homes. Interestingly, this additional tax can be deferred until the homeowner sells the home if they are 55 years of age or older and use the home as their primary residence.