Kelowna business community pushes back against province’s proposed PST expansion
The Kelowna business community strongly opposes a proposed expansion of the provincial sales tax (PST) in British Columbia that would increase operational costs for local businesses.
The proposed expansion of British Columbia's provincial sales tax (PST) has sparked significant concern among Kelowna's business community, particularly regarding its impact on operational costs. Local business owners like Mark Veriker, who runs Fancy’s Cold Cuts and Cocktails, have described the added tax burden as 'crippling', especially for small businesses that are already struggling to recover from economic challenges. With the PST set to be applied to services that many businesses rely on—such as bookkeeping, accounting, and security services—there is apprehension regarding the financial strain this will impose on local enterprises.
The Downtown Kelowna Association, represented by executive director Paula Quinn, has voiced that the PST expansion comes at a critical time when small businesses are already grappling with social disorder in the area. Frequent break-ins and property damage are reported to be affecting the viability of these businesses, making them even more reliant on security services. The added financial pressures of an expanded PST could deter business recovery and growth in a community that is in desperate need of support and resilience amidst ongoing challenges.
Overall, the pushback from Kelowna’s business community highlights the delicate balance that the provincial government must navigate between generating revenue through taxes and ensuring the sustainability of local businesses. As the discussion continues, it remains imperative for policymakers to consider the broader economic implications of the tax expansion, especially for an area still reeling from the impacts of social and economic strife.