News Update

As you as probably aware, next year we are get our PST/GST replaced with HST. It would appear that this new tax isn’t very popular, and now it looks like it won’t be good for TransLink’s bottom line. TransLink could loss the parking sales tax which currently generates $15 million a year and was to be kicked up to $30 million a year to keep TransLink afloat. Check out the story “HST could quash TransLink's pay parking tax” on BCLocalNews for more information.

The province could agree to remit to TransLink the equivalent of the seven per cent provincial component of the HST it gets from Ottawa.

But there's no obvious way a customized, higher amount could be charged on pay parking lots on TransLink's behalf.

"That just came out of the woodwork in the last two weeks," Prendergast said.