To implement, grow and sustain approved business projects that will maximize profitability.
To ensure that existing Squamish Nation Commercial and Taxation operations are run efficiently, effectively and obtain maximum profitability.
The Business Revenue & Services department (BRS) administers property management and property taxation for commercial and residential properties located on Squamish Nation reserves. Squamish Nation commercial and residential tenants span from Vancouver, (Kitsilano / Senakw) the North Shore to Squamish Valley and to Gibsons (Chekwelp Reserve) and to Whistler. The BRS department also acts as the property taxation authority for Nation land. Acting in this capacity the department levies and collects property tax from residential and commercial tenants where applicable.
Revenue generated by BRS contributes to a number of Squamish Nation community programs including administration, band manager, council, distribution, public works, social development, health programs, recreation, education, intergovernmental relations and accommodation programs. BRS directly employs approximately 75 people on a part-time or full-time basis.
List of businesses managed by Squamish Nation Business Revenue & Services
- Lynnwood Marina LP, North Vancouver (Seymour Reserve)
- 0895692 BC Ltd (doing business as – Marina Grill) , North Vancouver (Seymour Reserve)
- Mosquito Creek Marina LP and Fuel Wharf, North Vancouver (Mission Reserve)
- North Vancouver Smoke Shop at Mosquito Creek (Mission Reserve)
- Squamish Valley Gas LP (Stawamus Reserve)
- Superstore Gas Bar, North Vancouver (Seymour Reserve)
- Capilano River RV Park, West Vancouver (Capilano Reserve)
Department Update (October 2012):
Mosquito Creek Marina LP
The marina has ten brand new float homes that line the shore. These ten Spirit Trail Float Homes are the first of twenty that eventually will fill and complete the dock along the Spirit Trail. The float homes have given the marina a new face lift, and they are quickly becoming the envy of home owners looking to downsize to a desirable water front view in a prime location. The float homes provide the marina with continuous revenue streams from monthly moorage fees to annual property taxes.
Over the past few years the marina has continued to expand the marina premises out to the reserve water lot boundary. This created additional moorage space for vessels and boat sheds. Extra spaces for moorage generates both additional moorage fees as well as more annual revenues from the sale of other services such as dry storage, straddle lifts and fuel sales at our fuel wharf. All new revenue streams will continue to increase the profitability for the marina today and into the future.
Our sixthannual boat show in September 2012 was another big success. The annual boat show allows the Marina to showcase our location as well as goods and services that we offer to our customers. It also allows us the opportunity to fill any moorage vacancies that may be available.
Lynnwood Marina LP
Over the past three years, the marina yard crews have been assisting in constructing brand new float homes and boat sheds. Every new float home is relocated to the Mosquito Creek Marina. A total of twenty float homes will be built at the Lynnwood Marina and moved to Mosquito Creek Marina. Profits from the sale of new boat sheds and float homes are primarily the reason for increased profit (earnings) at the Lynnwood Marina this past year. Building and selling float homes and boat sheds is a market that the marina management has actively gone after and has been very successful at securing.
Sales of float homes and boat sheds increase moorage revenues at both of our marinas (Mosquito and Lynnwood) allowing the marina to charge a higher fee for the space than a boat slip. With limited land and water at each marina, it is important to be as efficient with the space as possible so that revenue can be maximized. Covered boat moorage generates approximately twice the revenue than open, non-covered moorage. The placement of float homes also allows the Squamish Nation to levy and collect the property taxes on the new homes.
Capital project work on docks, water and electrical upgrades have taken place over the past year to replace tired infrastructure. Maintaining the infrastructure at the Lynnwood is ongoing as the marina is an older facility that requires continual maintenance and upgrading.
Squamish Valley Gas LP
The Squamish Valley Gas Bar has been in operation for two years and is now generating a profit. Sales of fuel and confectionary have increased largely due to returning customers. Many of our customers appreciate the unique experience offered at our store, including the clean washrooms at our gas station. Preliminary sales figures for the upcoming year indicate increased sales at the store both in fuel and confectionary. We can anticipate that store sales will continue to increase year over year as we continue to develop a larger customer base.
Most of the sales of fuel and confectionary are made to non-status customers. Advertisements on our electronic signs have brought new customers into the store who are travelling the Whistler corridor on Highway 99. Our store employs eleven full time and part time staff, the majority of whom are Squamish Nation members. The Gas Bar also offers tax free cigarettes to First Nation customers and also provides First Nations customers a discount on fuel.
Capilano River RV Park
Revenue and bottom line profit from the mobile home/trailer park has increased over the previous year. Prior year profit was reduced as a result of a legal dispute concluded in favor of the Squamish Nation. Over the past year some capital improvements have been made to the main office, the most significant of which was to upgrade the old shower stalls for guests. Guests appreciate the new renovations, including high speed wireless internet that has been added to the entire park as an additional service. Over the past year the RV Park changed its policy to allow dogs to stay at the park overnight and a small dog walk area has been provided to our guests. Our guests have been quite receptive to this policy change, and direct bookings and reservations have increased from the prior year as a result.
0896592 BC Ltd (doing business as Lynnwood Marina Grill)
The Marina Grill restaurant was acquired by Squamish in 2010, and it has been operating for over a year. On acquisition, the Nation acquired tangible and intangible assets as well as the staff from the previous owner. Food and beverages sales made over the past year are down from comparable business for the previous year. The slump in food and beverage sales at the restaurant can be attributed to a number of factors such as the implementation of HST on sales of food and beverages, new drinking and driving regulations, a slowing BC economy, and very poor weather conditions. Net income from normal restaurant operations prior to amortized goodwill impairment was $70,753. Net income after the goodwill write down shows a loss of $400,250.
Existing tenants and vacant land
BRS is actively working on maximizing revenues by performing rent reviews for existing tenants more frequently and adjusting existing permits and leases to market rates where and when applicable.
Own source revenue generated from the Nation’s commercial and taxation enterprises directly supports other programs and services in the Nation that provides community members with employment and training opportunities.
Proposed 2018 Property Tax Rates – Posted June 2018
DUE DATE: Taxes are due in full on July 5, 2018. To avoid penalties, taxes must be paid and received by the Squamish Indian Band by 4:00 p.m. on July 5, 2018.
PLACE OF PAYMENT: Payment can be made in person at the Squamish Indian Band Administration Office at Squamish Indian Band, 320 Seymour Boulevard, North Vancouver, BC, V7J 2J3 or sent by mail addressed to the Surveyor of Taxes, PO Box 86131, North Vancouver, V7L 4J5.
PAYEE: Please make cheques payable to the “THE SQUAMISH INDIAN BAND”
To apply for a Construction Permit (Building, Electrical, Sprinkler or Plumbing), you must have:
- A MyDistrict profile and
- a valid West Vancouver or North Shore Inter-Municipal Business Licence
Please send the following information:
- Store name:
- Store address:
- Contractor: name, address, phone, email address and Business Licence
- Type of Job:
- Building/Tenant Improvements (Must submit 2 copies of plans, schedules and insurance)
- Sprinkler (Over 20 heads, must have Professional Engineer)
- Signs (Must have approval from Landlord)
- Job Description:
- Job Value:
to email: firstname.lastname@example.org; fax to 604-982-0515; or phone at 604-982-0510.