By James Peters

Report: Kamloops industrial tax rate five times that of Kelowna

Feb 14, 2016 | 8:36 AM

KAMLOOPS — Heavy industries in Kamloops pay more than five times as much in taxes as they would in Kelowna.

That’s according to a new report coming to Kamloops council this week from a coalition of the three local companies that fall into the heavy industrial category: Domtar, Tolko, and Lafarge.

The coalition is lobbying council to make its heavy industrial tax rate more competitive, something the city has been trying to do with the proposed annexation of the New Afton mine.

The three companies say they employ 690 people in total, and 1,725 are employed in related jobs.

The city believes adding more heavy industries to the tax roll will drop the tax burden on each of them.

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That may happen even without the annexation of New Afton.

Cando Rail Services announced plans to build a rail terminal along Mission Flats Road starting this year, and that operation would fall under the heavy industrial category.