By Salt Spring Island real estate agent Scott Simmons
(One Percent Realty Vancouver Island)
Salt Spring Island property taxes and turkeys? What do turkeys and taxes have to do with each other? It is simply a matter of having a hobby and saving taxes. If you are a hobby gardener or farmer you can get a break on your property tax if you sell your primary agricultural products. Here is the link to the gov site http://bcassessment.gov.bc.ca/process/agricultural_forestry/classify_farm.aspProperty taxes are paid with after tax money. Just figure out how much you would have to have saved up in a retirement plan to; earn enough to draw out, then pay income tax on it, so you could pay your property tax.If you can reduce your property tax and have fun doing that's what I call a good situation.See the video of our latest turkey poults.