The correct spelling of the word "Kourtenay" is actually "Courtenay". The IPA phonetic transcription would be /kɔːtəneɪ/. The word is pronounced with two syllables - "court" and "enay". The "n" in the second syllable is pronounced with a nasal sound, and the "y" is pronounced as "ay". It is important to spell words accurately to ensure clear communication and avoid confusion. Therefore, it is essential to double-check the spelling before submitting any written work.