It’s probably not news to you, but the HST, which is a combination of a 5% federal component and a 7% provincial component, will be replaced by the Goods and Services Tax (GST) and a B.C. provincial sales tax (PST) on April 1, 2013, subject to some transitional rules.
It’s probably not news to you, but the HST, which is a combination of a 5% federal component and a 7% provincial component, will be replaced by the Goods and Services Tax (GST) and a B.C. provincial sales tax (PST) on April 1, 2013, subject to some transitional rules.
All businesses will need to register to collect PST if they sell or lease taxable goods, or provide software or taxable services in the ordinary course of business in B.C.
You may also need to register if you’re located outside the province but make sales in British Columbia.
FBC can assist with PST registration and any questions on the change from HST back to PST. Registration assistance is included as part of a FBC membership.
The BC government has a number of documents available online for both consumers and businesses that can help you and your customers, including the “What’s taxable, what’s not” guide covering many common goods and services.
You can find all consumer and business publications online at: www.gov.bc.ca/pst.
The transitional rules describe how and when the PST applies to transactions that straddle April 1, 2013.
The PST will generally apply to:
All permanent PST exemptions that were in place prior to the introduction of HST will be re-implemented with the new PST.
Item
PST Rate
