As the Finance minister hints at changes to come to the recently introduced speculation tax the Premier says this is not in anyway proof his government got it wrong from the start.
John Horgan says nothing has changed and his government’s stance on the speculation tax is the same today as it was when it was first tabled.
“Well we haven’t laid out the details. Minister James made that very clear that we had a series of demand focused initiatives. We ran in the last campaign on a speculation tax. We delivered that speculation tax. Now we are making sure that the minister of finance, with the assistance of British Columbians, will be able to fine tune that so that we realize the objectives of the tax. Also we go forward in a way that makes sense to the people.”
Horgan wouldn’t say when we might see the changes to the speculation tax.
The tax is under fire because of fears it puts British Columbians on the hook for a significant additional tax bill for vacation property, cabin, or second home they have owned for years and already pay taxes on.