Penticton Reduces Business Tax Multiplier.

Now is an even better time to locate your business in Penticton, especially now as the City moves ahead with a four-year plan to reduce the business taxes.

This will be achieved by reducing the “business multiplier,” shifting the burden of taxation away from commercial and industrial classes to make Penticton the most affordable municipality in B.C. with a population its size.

The change will step the multiplier down evenly from 1.667 to 1.5 – well below the 2.0 level recommended by the Canadian Federation of Independent Business.

Penticton has the 11th lowest property tax gap in B.C., and the change will make the City the most competitive in the Okanagan Valley and among the top 5 in the province – far and away more affordable than municipalities of comparable sizes.

Learn more at: http://www.penticton.ca/EN/meta/city-news/news-archives/2015_Archives/city-finalizes-budget-with-1.3-increase.html

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