Municipalities To Receive Advance Notice On Tax Reform
British Columbia municipalities will get early details of proposed reforms to the assessment and property tax system. The Assessment and Property Reform Act allows a flat residential tax alongside a percentage tax on assessed value, separate rates for residential land and improvements, streamlined assessment appeals, and certainty for industrial taxes. All amendments have Union of BC Municipalities backing and arise from the Property Tax Forum and Financing Local Government study. The act will be applied retroactively to enable immediate implementation.
MENTIONED IN THIS ARTICLE
Union of BC Municipalities
School Property Tax Relief Announced in Budget Details
BC homeowners will receive increased property tax relief to offset school levies. An added grant will cover taxes exceeding the basic grant, with the percentage overage to be announced in the April 1990 budget and raised further in 1991. Minimum tax payments for grants remain set, with 1989 reductions noted for regular and senior veteran recipients.
Credit Union Posts Strong Decade End and 1989 Rise
Lake View Credit Union reports 1989 assets up to 57 219 000 with 8 5 percent yearly gain and net income of 751 863 before taxes and dividends. Board approves 10 percent share dividend and 7 percent patronage allocation totaling about 400 000 to member accounts as decade long payments aid regional economy. Retained earnings exceed 2 300 000, up 300 percent over ten years.
MENTIONED IN THIS ARTICLE
Joe Bazan
Lake View Credit Union
Bazan
South Peace River
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Credit Union
Windrem Parent Advisory Group
Windrem
Canada
Meryl Cramp
Chetwynd
VOC
B.C
YUKON _ HEART FOUNDATION
Northern Lights College
Dianne
Joe Bryant
la Banque Offre
Ses Services Dans
Les Deux Langues Efficielles
Federal Business Development Bank
Banque Federale de Developpement
Canad
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