Cariboo-Chilcotin tax structures favour small business

The Cariboo-Chilcotin region is one of the two most tax friendly regions for small business in the province.

  • Jun. 21, 2016 10:00 a.m.

The Cariboo-Chilcotin region is one of the two most tax friendly regions for small business in the province according to the latest report from the Canadian Federation of Independent Business.

In the Kootenay-Rockies and Cariboo-Chilcotin regions, the average tax gap in 2015 was 2.32, the narrowest regional gap in the province and 11 per cent below the provincial average of 2.60, the CFIB report states.

A tax gap of 2.32 means a commercial property owner pays nearly two and a half times the taxes of a residential property owner on the same valued property.

The CFIB’s 10th annual Property Tax Gap Report analyzes the disparity between what residential and business property owners pay in taxes (based on the same assessed property value) for each municipality and scrutinizes their inclination to place a much larger tax burden on businesses.

The ratio between business and residential rates is known as the property “tax gap” and is an indicator of tax fairness (not tax levels).

This year’s report shows the tax gap grows as municipalities grow.

The tax gap for the 20 largest municipalities in B.C. stood at 3.04 in 2015, compared to the provincial average of 2.60. And the worst tax gaps were some of the most populous cities — Coquitlam (4.24), Vancouver (4.15) and Burnaby (3.98).

“CFIB has long warned municipalities, as they grow, to resist the urge to over-burden small businesses, says Richard Truscott, vice-president for B.C. and Alberta. “This report makes it crystal clear that there is still a large discrepancy between how small and large cities treat the local business community,” notes Richard Truscott, vice-president for BC and Alberta.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A man wearing a mask against coronavirus walks past an NHS advertisement about COVID-19 in London, Tuesday, Feb. 2, 2021. (AP Photo/Alastair Grant)
92 new COVID-19 cases, no new deaths: Interior Health

The region is reporting 92 cases after the weekend

100 Mile Conservation Officer Joel Kline and YEP student Jill Matlock found themselves wrangling four horses on Highway 97 on Feb. 17. The horses were travelling at a steady trot up the highway after escaping their corral. (Jill Matlock photo - submitted).
Conservation officers wrangle horses on Highway 97

Jill Matlock never expected to be herding four horses in a truck.

Island Health chief medical officer Dr. Richard Stanwick receives a first dose of Pfizer vaccine, Dec. 22, 2020. (B.C. government)
COVID-19: B.C. seniors aged 90+ can start to sign up for vaccination on March 8

Long-term care residents protected by shots already given

Williams Lake RCMP are investigating after suspects assaulted two employees at a convenience store and fled with cash and merchandise. (Black Press file photo)
Williams Lake RCMP investigating robbery at local convenience store

The robbery occurred Saturday evening, Feb. 27

?Esdilagh First Nation health department staff were thrilled to rollout out the community’s first COVID-19 vaccines Friday, Feb. 26. L-R: registered nurse Sam Riczu, elder worker Marie Conway, wellness coordinator Linda Siwalace, community health representative Sharon Palmantier and youth coordinator Dakotah Casey. (photo submitted)
?Esdilagh First Nation receives first COVID-19 vaccine

Vaccination clinic held Feb. 26 for high-risk elders

Langley resident Carrie MacKay shared a video showing how stairs are a challenge after spending weeks in hospital battling COVID-19 (Special to Langley Advance Times)
VIDEO: Stairs a challenge for B.C. woman who chronicled COVID-19 battle

‘I can now walk for six (to) 10 minutes a day’

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Provincial health officer Dr. Bonnie Henry updates B.C.’s coronavirus situation, May 8, 2020. (B.C. government photo)
B.C.’s weekend COVID-19 cases: 532 Saturday, 508 Sunday, 438 Monday

Fraser Health still has most, eight more coronavirus deaths

Vernon’s Noric House long-term care facility’s COVID-10 outbreak has been declared over by Interior Health. (Jennifer Smith - Morning Star)
COVID outbreak at Vernon’s Noric House declared over

10 deaths were linked to the outbreak at long-term care facility

B.C. Attorney General David Eby speaks in the legislature, Dec. 7, 2020. Eby was given responsibility for housing after the October 2020 provincial election. (Hansard TV)
B.C. extends COVID-19 rent freeze again, to the end of 2021

‘Renoviction’ rules tightened, rent capped to inflation in 2022

Face mask hangs from a rear-view mirror. (Black Press image)
B.C. CDC unveils guide on how to carpool during the pandemic

Wearing masks, keeping windows open key to slowing the spread of COVID-19

Churches, including Langley’s Riverside Calvary Church, are challenging the regulations barring them from holding in-person worship services during COVID-19. (Langley Advance Times file)
Det. Sgt. Jim Callender. (Hamilton Police Service screenshot)
B.C. man dead, woman seriously injured after shooting in Hamilton, Ont.

The man was in the process of moving to the greater Toronto area, police say

Most Read