10-year tax exemption for daycare? Kamloops council considering proposal
Citing a shortage of child-care options in the area, the Kamloops city council is weighing a proposal involving a decade-long tax exemption.
A pitch before council suggests the city revise its tax plan for new commercial daycare facilities.
Presented before council at a meeting this week, the report titled Revitalization Tax Exemption Bylaws cites a study from two years ago on child-care options in Kamloops.
The study indicated a lack of spaces throughout the city, the administrative report presented to council Tuesday reads. According to city staff, "there is a serious need for more registered daycare spaces throughout the community in order to meet the increasing demand."
Now, council is mulling over the suggestion of a revitalized tax exemption bylaw that would offer a "100 per cent exemption on the increased assessed value for 10 years for any new commercial daycare facilities."
The hope is that, if approved, the exemptions would serve as an incentive for the creation of new daycare buildings. The exemptions would only apply to projects that delay construction until receiving an approved application, and owners must maintain a valid business licence as a registered commercial daycare facility through the full 10 years.
An exemption would not allow the owner to skip out on other local service taxes, and anyone who wanted to take advantage of the program would have to show that all taxes, utilities and other charges have been paid. Other details of the proposal can be read on pages 52 to 55 of the report presented to council.
The city is also weighing other potential tax exemptions, including for hotel and motel redevelopment, and for work in the city centre and north shore.
CTVNews.ca Top Stories
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his old friend Trump
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
Here's why provinces aren't following Saskatchewan's lead on the carbon tax home heating fight
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
Montreal actress calls Weinstein ruling 'discouraging' but not surprising
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams, Jayden Daniels and Drake Maye make it four NFL drafts with quarterbacks going 1-3
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.