In its Economic Recovery Plan presented yesterday, the Government of British Columbia introduced various tax measures to help businesses including, among others, a temporary PST rebate program on select machinery and equipment. For more information, you can follow this link.
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Archives for British Columbia
British Columbia: Clarification of Sales Tax Changes in the context of COVID-19
The British Columbia Ministry of Finance has announced further details of its COVID-19 Action Plan-19. As part of this plan, the following sales tax filing and payment dates are extended to September 30, 2020: Carbon Tax Motor fuel tax, including the International Agreement on Fuel Taxes Provincial Sales Tax (PST), including the municipal and regional district tax on accommodation Tobacco Tax Returns and payments with due dates after March 23, 2020 and before September 30, 2020 will now have to be made by September 30, 2020. This deferral is automatic. It will be possible to continue to file returns according
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British Columbia Provincial Sales Tax – New Registration Requirements
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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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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