Taxes when Buying, Owning or Selling a House in the Okanagan

There are 8 different taxes that you need to consider when buying, selling or owing a house in the Okanagan. Some taxes are only applicable in the Central Okanagan Kelowna area (speculation tax), however the others all "may" be applicable in the North Okanagan Vernon area. These taxes include the Property Transfer Tax (some exemptions apply), GST, Capital Gains, Speculation Tax, Foreign Buyer's Property Tax, Withholding Tax, Property Tax and Income Tax. Before a purchase, these are taxes you as a home buyer or investor should be aware of. We discuss them all here.

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