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'Crushing' tax hike of 24 per cent

Burnaby Now

 

Justin Williams opened his property tax bill for his family-owned business and was dumbfounded to see it increased by a whopping 24 per cent, and with a tax credit cut on the horizon - he's worried about his company's future.

The provincial government will be phasing out its school tax credits for businesses in the light industry sector in the next two years, and doubled with higher taxes - manufacturers in Burnaby are feeling the crunch.

Williams co-owns Burnaby's Williams and White Inc. with his brother, which manufactures specialized grinding equipment used in the machine and cutting tool industry.

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