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Vancouver Parking Tax is axed

On March 8th, Transportation Minister Kevin Falcon made public his intention to get rid of the Parking Tax.

This decision was welcomed by many commercial businesses and retailers who had opposed the tax through the Park the Tax Coalition.

The Parking Tax had posed a serious challenge for retailers already paying high levels of property tax.

The Parking Tax also represented a growing imbalance between the taxation burdens placed on residential versus commercial taxpayers with commercial taxpayers paying five to six times more tax.

The Marpole BIA remains committed, as part of its advocacy through the Vancouver Fair Tax Coalition, to lobbying City Council to reduce the commercial taxation imbalance in Vancouver in this year's City budget.