Speculation Tax

Speculation Tax 

West Kelowna Council opposes the Province of BC's decision to include West Kelowna in its Speculation and Vacancy Tax (SVT).

In fall 2019, Council and staff met with the Minister of Finance to provide the justification for allowing West Kelowna to opt-out of the SVT. City staff also provided the Minister with comprehensive facts that demonstrated why the City of West Kelowna does not fit the criteria and objectives of the SVT.

In 2020, West Kelowna Council passed a resolution that was sent to the Ministry of Finance as part of continued efforts to have the city removed from the SVT.

The latest: 

UBCM Convention News Release - September 2020

Council Proceeds With Resolution to Opt-out of Speculation and Vacancy Tax - February 2020