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Greater Victoria, BC News

ARTICLE

Date ArticleType
5/26/2017 Media Release
B.C. Business Community Unites for Energy Efficiency

Greater Victoria, May 26, 2017– The B.C. business community wants governments to help homeowners save money on their energy bills. The resolution, Renovation Tax Credits - Improving B.C.’s Housing Stock, was endorsed by the BC Chamber and its member chambers and boards of trade on May 26 during its annual general meeting and conference, running May 25 to 27 at the Victoria Conference Centre.

The resolution recommends the Province of B.C. and Government of Canada create new tax credit programs for consumers to help encourage home renovations that focus on energy efficiency and the reduction of greenhouse gas emissions.

“We currently do not have any tax credits that target increasing energy efficiency and reduction of greenhouse gasses in our existing housing stock open to all homeowners,” said Catherine Holt, CEO of the Greater Victoria Chamber of Commerce. “Given the number of older homes that have a way to go to meet the energy efficiency of today’s newly constructed homes, we believe such a tax credit would deliver the most bang for our buck.”

"Renovation tax credits are popular with homeowners, and are the most effective way to create skilled jobs, battle the underground economy, and address housing issues like energy efficiency, asbestos mitigation, and seismic upgrades,” said Casey Edge, Executive Director of the Victoria Residential Builders Association.

Renovation Tax Credits - Improving B.C.’s Housing Stock is just one of the nine policy resolutions that the Greater Victoria Chamber will present to the provincial business community at the BC Chamber Conference.

"Greater Victoria businesses benefit from having B.C.'s network of chambers of commerce and boards of trade unite on the provincial issues that affect us all," adds Catherine. “Over the three-day conference, we will vote on what we need of our next provincial government, from better mental health and addictions services to modernization of regional district legislation.”

The BC Chamber of Commerce's grassroots policy-building forum brings together approximately 200 Chamber delegates from across B.C. Over the three-day conference in Victoria, delegates will debate over 60 policy resolutions.

The Greater Victoria Chamber of Commerce is the largest business association in Greater Victoria, with over 1,400 member organizations. It was founded February 9, 1863, and is funded by businesses to support business. The Greater Victoria Chamber works to strengthen the region’s business community through advocacy, networking events, professional development and other programming to support its members. More info at www.victoriachamber.ca. -30-

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