's finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized properties. If the legislation is passed, the new tax will apply to all properties in designated regions of B.C. residents with vacant or underutilized properties will continue to pay that rate, while Canadian citizens or permanent residents who are not B.C. The goal is to prevent housing speculation and help turn vacant properties into rentals, said Carole James, B.C. 'NDP Arrogance and hypocrisy,' say LiberalsHowever, the opposition Liberals say the measure is merely a tax on people in B.C.

Source: CBC News October 16, 2018 20:03 UTC