Proposed Speculation Tax and Cultus Lake Park Update

 Cultus Lake Park Board Statement -  April 19, 2018

In response to the proposed NDP speculation tax put forward in the new provincial budget, we contacted the BC Ministry of Finance for clarification on whether or not it would affect Cultus Lake Park leaseholders. We have received a response to our request for additional information. You can read it in full here.  In brief, it confirms that Cultus Lake Park will not be subjected to this proposed tax.

It is expected that full legislation for the speculation tax will be introduced in the fall of 2018. The Cultus Lake Park Board and administration will continue to monitor the proposed tax and will provide updates should additional information arise that is relevant to our leaseholders.  As this proposed tax is a provincial initiative and not one that is expected to affect Cultus Lake Park, if you have further questions, please contact the Ministry of Finance (http://bit.ly/2GOtQWk).