West Kelowna council passes resolution to opt-out of spec tax

The resolution is part of continued efforts to have the city removed from the spec tax

West Kelowna Council has passed a resolution that will be sent to the Ministry of Finance as part of continued efforts to have the city removed from the speculation and vacancy tax. (File)

The City of West Kelowna is continuing its efforts to be removed from the speculation and vacancy tax (SVT).

A resolution passed by West Kelowna council calling to opt-out of the tax is being sent to the Ministry of Finance.

In fall 2019, council and staff met with B.C. Finance Minister Carole James attempting to provide justification for allowing West Kelowna to opt-out of the tax.

“Council remains committed to be removed from the SVT, which continues to be damaging to our community,” said Mayor Gord Milsom. “We are awaiting justification from the Ministry of Finance as to why West Kelowna remains mandated into this tax. We are also requesting a meeting with the minster this spring as we continue to seek an opt-out option from the SVT.”

According to the city, significant funds collected from those subjected to the SVT in West Kelowna have not yet been received or reinvested into the West Kelowna housing market as promised by the tax.

READ MORE: Casinos butt heads over table games at Kelowna council meeting

READ MORE: Kelowna council denies proposed provincial pot shop


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

West Kelowna lowers tax increase from 4.8% to 2.8% amid COVID-19 pandemic

The municipality also waived interest on utility bills through 2020

West Kelowna RCMP looking for three stolen E-bikes

The bikes were stolen over a week dating back to April 1

YMCA Okanagan cancels Healthy Kids Day due to COVID-19 concerns

The YMCA also plans to reschedule its YMCA Cycle for Strong Kids for this fall

Thank you Kelowna paramedics

We’re in this together: COVID-19

Little lamb born in time for Easter in Kelowna

The lamb was born on a Kelowna property

WATCH: Salmon Arm artist hosts virtual art show amid COVID-19

Roxi Hermsen’s show “Into the Cosmos” is a tribute to her father Bill Sim

UPDATE: Coronavirus concerns prompt event cancellations across the Okanagan

This is a running list of events cancelled across the Okanagan

Coronavirus cancels rural Okanagan communities biggest events

The 65th annual event celebrating the village’s incorporation was set for June 12-14; will go in 2021

B.C. secures motel, hotel rooms for COVID-19 shelter space

Community centres, rooms reserved for pandemic self-isolation

Sanders drops 2020 bid, leaving Biden as likely nominee

Sanders plans to talk to his supporters later Wednesday

Former North Okanagan councillor fondly remembered

Ben Winters served on village council from 2005-11

B.C. faith leaders, Horgan discuss need for virtual religious ceremonies

Leaders were open to providing other ways to celebrate during the pandemic

Emergency COVID-19 funding now available for children with special needs

Funding to be used to help support families through uncertain times of pandemic

Most Read