Susan de Stein

Dear Adam, Several of the recent tax provisions in the NDP’s budget have significant negative impacts on your constituents and perhaps more importantly, on the long term economic health of this riding. Notably, the new “speculation” tax has significant economic implications for markets like Salt Spring, where it’s not uncommon for pre-retirement folks to buy here and move gradually over time, or for out of province people to own recreational property, for summer or seasonal use etc. Many individuals who will be affected by this tax have owned property here for a long time. The details of the legislation for this tax won’t be unveiled until fall, which in itself has created unnecessary and unprecedented uncertainty not only for people directly affected by this, but by ALL residents of communities where this is set to roll out. If this tax is as Ms. James described, it is a manifestly short-term tax grab with long term serious implications for both individuals…