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A class action lawsuit in B.C. will challenge new speculation tax

Reference: Cottage Life

As the March 31 deadline approaches for B.C. property owners to file their Speculation and Vacancy Tax declarations, cabin owners in Belcarra, a pretty village on the outskirts of Vancouver, are considering launching a class action suit to challenge the new legislation.

They may also join the Unfair Vancouver Vacant Homes Tax Coalition, which recently broadened its base to include the Speculation Tax in its constitutional challenge “because the legal arguments are the same,” says Rainer Borkenhagen, who leads the coalition...Read More