Kelowna Business Leaders Challenge Province's PST Expansion Plans

Concerns Over Proposed Tax Changes

On February 17, the provincial government announced its intention to broaden the scope of the seven percent provincial sales tax (PST) to include essential services that local businesses depend on, such as bookkeeping and accounting.

The business community in Kelowna has expressed strong opposition to this proposal, arguing that it could impose a significant financial burden on companies already navigating a challenging economic landscape. Many fear that extending the PST to services will ultimately drive up costs for consumers and hinder business growth.

Local entrepreneurs have banded together to voice their concerns, emphasizing the potential negative impact on small businesses, which often operate on thin margins. They are calling for a reconsideration of the proposed tax adjustments, highlighting the need for policies that support rather than stifle economic recovery.