Blog: Charlene Joanes

To Pay, or Not To Pay? – Vancouver Delays 2020 Property Tax Deadlines in COVID-Era

As Canadians are continuing to deal with the financial stresses brought on by COVID-19, municipal governments, like the City of Vancouver, are no exception. In a recent press conference, Mayor Kennedy Stewart stated that the City is losing millions every week in revenue due to the effects of COVID-19 and the corresponding social distancing measures. The City continues to experience 80-100% decreases in revenue streams areas such as parking, by-law fines, gaming and recreation centres.

Included in the City’s stream of revenue, valued at approximately $324 million, are the collections from annual property taxes. These are taxes paid by…