The Government of British Columbia announced in the 2020 Budget that new Provincial Sales Tax (PST) registration requirements will apply as of July 1, 2020. Canadian sellers of goods, as well as Canadian and foreign sellers of software and telecommunications services, will be required to register to collect PST if their specified BC revenues exceed $10,000. In addition, all Canadian vendors of steam-based products will be required to register if they deliver steam-based products to consumers in British Columbia. These requirements will result in more businesses in the digital economy collecting provincial sales tax. Link for B.C.’s 2020 budget.
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Monthly Archives February 2020
British Columbia: Government Contracts
British Columbia has recently followed Quebec’s lead with the introduction of the requirement for suppliers to get a “certificate” prior to obtaining a contract with the province. Effective January 1, 2020, suppliers must provide a Tax Verification Letter before they can enter into, extend or renew contracts with the Province of British Columbia valued at $100,000 or more (including all fees, expenses and extension or renewal options). There are, however, certain exceptions to this requirement. Note that a Tax Verification Letter is still required when the vendor does not have a PST account with the province or is not a
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