POCO TAX SERVICE

2239E x*®iooeee#x McAllister Avenue
Port Coquitlam, B.C. V3C 2A9

BAtnaaet
Gh2—5262

November 4, 1986.

City Council,

City of Port Coquitlam,
2272 McAllister Avenue,
Port Coquitlam, B. C.

Attention Mr. John Maitland, City Treasurer.

Dear Sirs:~

‘ Once again I am appealing to the City Council to review
the antiquated Port Coquitlam Business License Bylaw 1973, No. 1237
Subsection 18, which charges an exhorbitant fee for Tax Buyers.

Prior to 1985 “Subsequent to 1977, Tax Buyers were allowed to:
charge a discount fee of 15% at which rate one could make a reasonable
living. However, for 1986 the Federal. Discounting Act prohibits
charging any more than 15% on the first $300.00 discounted and 5% on

the balance.

You may be interested to know on a refund of $384.00 our
discount fee is $49.20 which is 12.81% gross. On $768.00 refund the
‘discount fee is $68.40 which is 8.90% and as the discount gets larger
the percentage gets smaller. i.e. On a refund of $1920.00 the dis~

count fee is $126.00, a gross of 6.56%.

ZI am sure you will agree that trying to operate a business
on less than 10% zross profit is next to impossible and therefore a
Business License Fee four times greater than any other professional

category is long overdue for adjustment.

Last year I wrote to you and enclosed a copy of my Profit
and Loss Statement which I am sure you will agree bears out the
forgoing and justifies the fact that all the other municipalities on
the lower mainland have fees to Tax Buyers ranging from $65.00 to

$105.00.
Trusting you will give this request your earnest
consideration.
Yours truly,

POCO TAX SERVICE

RD! Lage
;

N. Be Chapple