Yesterday I caught up with the British Columbia director of the Canadian Taxpayers Federation, Jordan Bateman, and we discussed a recent revelation from TransLink that they had been able to find around $250M in savings and inefficiencies.
This is exactly what the CTF was calling for when the Transit Plebiscite of 2015 was defeated with 62 per cent voting "no."
I pessimistically felt that we would get levied with some other kind of tax, perhaps an increase in gas taxes or the introduction of road pricing.
Bateman still thinks those are a possibility, but with the added savings, he’s committed to fighting against any new taxes and putting the onus on municipal governments to find a way to finance future transit needs.
Watch as he explains to me the one dirty secret of City Halls across the Lower Mainland.
We also touch on two new tax issues:
The 15 per cent foreign buyers tax imposed by the provincial government and, as Bateman puts it, a vacant homes tax from the vacant minds at Vancouver City Hall.