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The FACTS on the School Surtax - Paul Sullivan

Paul Sullivan (27 year local municipal and commercial tax expert) was interviewed on the Linda Steele show this afternoon.  Highlights:

  • 22,000 Homes in City of Vancouver are impacted by the NDP “School Tax” - the revenue does not go to Schools

  • The average increase in property taxes for 2019 for homes impacted by the school is 35%

  • Paul estimates that the NDP taxes have wiped out $10,000,000,000 ($10 billion) in Vancouver homeowner equity

  • Paul estimates that the NDP taxes have wiped out $645,000,000 ($645 million) in homeowner equity in David Eby’s riding alone – “The market has been destroyed by taxation"

  • City of Vancouver Councillor Rebecca Bligh is making a motion for the City of Vancouver Council to write a letter to the BC Premier, BC Finance Minister, LEAder of the Green Party and the Leader of the Opposition asking the Provincial government to withdraw the School Tax (see attachment)

  • The City of Vancouver 2019 Municipal budget has been announced with a 4.9% increase for 2019, but Paul says that they are manipulating the numbers and it is in fact 6.3%.

  • NDP say that they are increasing taxes to create affordable housing, but the taxes are in fact not helping affordability at all.  In fact lower priced segments have increased 10% over the past year

  • The City of Vancouver budget pays 111% of our school budget, whereas most of the surrounding municipalities are only funding their school at 40% - 50%.  Those municipalities should be held to account vs. coming after Vancovuer taxpayers to fund their funding shortfall

  • The government is not expropriating our property, but they are expropriating rights to our properties.

  • This taxation is not going to solve affordability, and is already negatively impacting business

Attorney General cannot stop money laundering, he can't make housing more affordable but he sure can tax!

Attorney General cannot stop money laundering, he can't make housing more affordable but he sure can tax!