B.C. premier pledges to freeze property tax assessments
Last Updated: Saturday, November 1, 2008 | 2:14 PM PT
The Canadian Press
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B.C. Premier Gordon Campbell says he'll freeze property assessments at 2007 levels to help people cope with what he calls the turbulence in property values, putting off new assessments until late 2009.
Campbell made the pledge Saturday in his keynote address to the B.C. Liberal party's convention in Whistler.
Campbell said he'll introduce a temporary property tax deferment program.
He also wants the federal government to amend rules requiring Canadians over 71 years old to convert their retirement savings plans into Registered Retirement Income Funds.
Campbell said he'll make that request at the Nov. 10 premiers meeting with Prime Minister Stephen Harper.
He also said he'll extend RRSP investment protection from creditors to banks, just as is done with investments lodged with insurance companies.
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