REPORTING · 10th October 2012
Kitimat City Council received a report from the City of Burnaby in their information package on Monday, October 1st. The report was written as a response to the Canadian Federation of Independent Businesses request to “Cap the Gap” between business and residential taxation to a 2:1 Ratio.
To do this, they have provided several suggestions.
Councillor Corinne Scott made a motion for the District of Kitimat to go along with recommendation 3 from the report. This would allow commercial taxpayers to remit taxes in a monthly or quarterly installments.
Scott explained she saw this as a benefit to small businesses. It did not mean they would have to pay their taxes on a monthly or quarterly basis, but they would be allowed the opportunity to pay their taxes this way.
Mayor Joanne Monaghan wanted to see a report on this from their finance department and Councillor Mario Feldhoff made a motion to refer it to administration.
He expressed interest in the direction of the staff on how easy or difficult this could be. Scott said this could also be applied to industrial tax base to create an even revenue source.
Feldhoff stated he was impressed with the report. The motion to refer monthly or quarterly taxes to staff was called and carried.