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Everyone In B.C. Will Be Affected By The Speculation Tax: Opponents

Everyone in B.C. will be affected by the speculation tax: opponents

By Doris Maria Bregolisse for The Globe and Mail

About 100 people came out Wednesday night in West Kelowna to hear more about the fight against the speculation tax proposed by the provincial government.

Organizers wanted “to create awareness around the issue of the speculation tax and really help people understand that the impact is about to be felt and it’s going to be a big impact,” Kevin Edgecombe, Okanagan Urban Development Institute chapter chairperson, said.

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Edgecombe said the local economy will be hit hard if the tax is introduced.

“The people who do come here and support our economy are going to not come,” Edgecombe said. “They’re not going to be buying boats. They’re not going to be playing golf. They’re not going to be doing what they typically would do in a normal Okanagan summer and that’s going to have a big impact on the Okanagan as a whole, on the province as a whole.”

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