Three years ago, I retired from my job in Ontario, and my wife and I bought a condo in Victoria. We planned to live here four or five months a year so we could spend more time with our young granddaughters, who live in Saanich.
Because it鈥檚 not practical for us to rent the condo when we鈥檙e not here off and on, we will have to pay speculation tax of about $3,000 per year. This is money that we would otherwise contribute to our grandkids鈥� RESP over the next 10 to 12 years.
Thank you, Finance Minister Carole James and Premier John Horgan, for imposing this tax so we can鈥檛 waste this money on our family. I鈥檓 sure you鈥檒l find a better use for that money than my granddaughters鈥� education 鈥� maybe something as useful a wood splitter, cufflinks or some fancy luggage for you or some of your bureaucrats.
Rick Horodyski
Victoria and Thornbury, Ont.
