Premier: Tax and British Columbians

premier: The premier heard their cries, according to Huffington Post Canada. Flashing a trademark grin, the premier announced a major tax increase. "Foreign investors, many speculatively, are driving up home prices beyond the reach of British Columbians," the premier explained. "These people paid no tax and most have never paid a BC tax of any kind ... these welcome newcomers should also contribute to the needs of the province and this should be done through some sort of 'property transfer tax.'" No, this wasn't Christy Clark on July 25, 2016. Money was pouring into the red hot housing market from Asian investors and pricing everyday people out of the market. This was 1987. Targeted taxes, as we saw with Vander Zalm 1980s property transfer tax, often become everyone taxes. And the smiling premier was Bill Vander Zalm. (www.immigrantscanada.com). As reported in the news.