City Council Approves Tax Shift for 2009

The Vancouver Fair Tax Coalition (VFTC) has again successfully compelled city council to continue lowering business property taxes in 2009. As a result of the hard work by the VFTC, city council agreed to approve another 1% tax shift from non-residential properties to residential properties.

Savings for Vancouver businesses:

• In 2009, there will be a tax reduction of $155 for a business property valued at $783,000
• Vancouver businesses will collectively save $5.52 million this year
• Since 2006, Vancouver business owners have saved $25.5 million in property taxes overall
  

Thank you for your generosity - it would be impossible for the VFTC to continue our work without your financial support. Together, we can ensure the tax inequity between residential and business taxpayers is corrected, and that city hall spends taxpayers' dollars wisely.

For more news about the City of Vancouver's 2009 operating budget and the VFTC's activities, click here.

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