Homeowners may be on the hook to cover what amounts to a multimillion-dollar tax cut for pipeline companies operating in BC. After years of lobbying, Enbridge, FortisBC, Trans Mountain and other major companies have convinced BC Assessment to change how it assesses the value of pipelines in the province. A subsequent review has resulted in slashed assessment values, which will, in turn, dramatically reduce the amount of property tax the companies will pay next year. Local taxpayers will have to make up the difference. Outlying communities where pipelines comprise much of the commercial tax base will be most affected ... CLICK HERE for the full story
A discussion on political, economic and social issues in British Columbia, and Canada