Rob Shaw: Changing times shift focus of speculation tax from foreigners to fellow British Columbians (The ORCA)

British Columbians now account for almost half the people paying the BC NDP government’s speculation tax, as the tax continues its metamorphosis from a policy intended to penalize foreign buyers into one that mainly targets locals.

Roughly 44 per cent of all the people hit by the speculation and vacancy tax in 2022 were B.C. residents, according to the latest figures released by the Ministry of Finance this month. That jumps to 69 per cent when you add in Canadian owners from other provinces. 

This was not the original target when it was introduced in 2017 ...

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