City of Vancouver decreases business tax rate
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On April 28, 2020, City of Vancouver council approved a tax share of 56.8% residential and 43.2% non-residential. This reflects a 0.5% tax shift from non-residential properties (Classes 2, 4, 5 and 6) to residential properties (Classes 1, 8 and 9) that was directed by council in April 2019 as part of the three-year tax shift program totalling $15.8 million, at a rate of 1% in 2019, 0.5% in 2020 and 0.5% in 2021. This 2% tax shift was due to advocacy on your behalf by BOMA and other business associations.
