Vancouver's PiDGin Restaurant owner says current tax burden predominantly borne by small businesses
A Vancouver restaurant owner is proposing a new "cultural" grant be put in place to help relieve the burden small businesses are faced within the city.
"Everyone is struggling right now and just keeping their head above water, or losing money. We need to act now before we lose all these wonderful places.”"This commercial cultural grant is an opportunity to lower the tax burden on small businesses within B.C., while also punishing those that sit on empty spaces as gigantic corporations,” he says. “If you are deemed a cultural entity within B.C.
“One of the things that we're seeing as our cities are starting to empty out and commercial spaces are just being boarded up and for lease signs, is a consolidation of commercial owners in the city, whether it be real estate income trusts or it be large property developers,” he says. To be eligible for such a grant, Grossutti said the landlord would lease space to a vetted cultural business entity, which brings in under $3 million in revenue.
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