Prepare for Parking Tax Increase
Effective as of July 1, 2019, the TransLink tax will increase from 21.00% to 24.00%. Since GST (5.00%) is calculated on top of the TransLink tax, the current effective tax rate in the South Coast B.C. Transportation Region (which covers the GVRD) will increase from 27.05% to 30.20% (resulting in an increase of 3.15%).
WestPark is preparing for this scheduled tax increase and is providing guidance to its business partners by evaluating several options before the increase comes into effect. The WestPark Team can assist anyone with a parking operation that may be subject to the parking tax in devising a proper operating methodology and implement necessary changes to meet desired outcomes.
If you have any questions or wish to explore options, the WestPark team can provide an impact analysis and devise customized plans to assist you with this process. For more information, you can contact Suraya via email at email@example.com or by phone at 604.449.5756.