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B C needs to exempt small business from vacancy tax on potential

Article content Small businesses, B.C.’s Opposition and municipalities are calling on the provincial government to scrap its vacancy tax on the airspace of low-density commercial property, a tax they say unfairly burdens businesses already struggling during the COVID-19 pandemic. “It’s mind-boggling how the government can be planning to increase taxes through the speculation and vacancy tax (SVT) on small businesses, basically at a time when they can least afford it,” said Annie Dormuth, spokeswoman for the Canadian Federation of Independent Businesses. “Small businesses cannot stand any further or additional tax increases.” We apologize, but this video has failed to load.

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