Vancouver Needs a Mansion Tax

Provincial and federal income taxes are set progressively so that people with higher incomes pay at a higher rate. The City relies on property taxes, which have always been set at a flat rate. A progressive Mansion Tax could generate revenues to start to address our housing crisis in a serious way. Mansion Tax revenues should be specifically directed toward addressing housing needs, starting with those who need it most:

  1. End homelessness: Immediately build 2,138 modular homes, one for each homeless person counted in Vancouver. Each modular home costs only $75,000 so ending homelessness will cost $160 million - less than one year of Mansion Tax revenues.

  2. House the rest of us: Build social and cooperative housing to meet the need of 18,000 Vancouverites currently spending over 50% of their income on rent.

  3. Put substance into reconciliation: We can use some of the money to put teeth in reconciliation, for housing and land for indigenous people.

We the undersigned are therefore calling for progressive Mansion Tax brackets:

  • 1% surtax on the value of between $5- and $10-million. This would bring in $62,000,000 in revenues per year from 4,500 properties.

  • 2% surtax on the value over $10 million, generating another $112,000,000 from only 420 mansions.

  • The value of homes under $5 million will not be affected.

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  • signed 2017-10-14 09:03:13 -0700
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  • posted about this on Facebook 2017-10-10 09:13:49 -0700
    Sign the petition: Vancouver Needs a Mansion Tax
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  • signed 2017-10-09 23:07:20 -0700
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  • posted about this on Facebook 2017-10-09 20:50:10 -0700
    Sign the petition: Vancouver Needs a Mansion Tax
  • @natlowe tweeted link to this page. 2017-10-09 20:50:07 -0700
    Sign the petition: Vancouver Needs a Mansion Tax http://www.votejeanswanson.ca/mansion_tax?recruiter_id=8
  • signed 2017-10-09 20:46:21 -0700
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  • posted about this on Facebook 2017-10-09 20:09:22 -0700
    Sign the petition: Vancouver Needs a Mansion Tax
  • signed 2017-10-09 20:08:58 -0700
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  • signed 2017-10-09 19:49:08 -0700