Sun Peaks mayor speaks out against proposed tax on foreign owners | iNFOnews | Thompson-Okanagan's News Source
Joel Barde, Local Journalism Initiative Image Credit: SUBMITTED/Sun Peaks Resort April 29, 2021 - 10:33 AM A proposed new federal government tax on foreign owners of Canadian real estate is being met with a cool reception by Sun Peaks Mountain Resort Municipality council, with mayor Al Raine saying it would be a “bit of a disaster” for resort municipalities. The new tax, known as the “Tax on Unproductive Use of Canadian Housing by Foreign Non-resident Owners,” is being proposed as part of the federal government’s new budget, which was released last week...