BC EXTENDS PST TO NEW SERVICES
PROVINCE ANNOUNCES EXPANSION OF SALES TAX TO PROFESSIONAL SERVICES
British Columbia has recently announced a further expansion of its Provincial Sales Tax (“PST”) base – a move that will not surprise those who have watched the province’s post-HST trajectory.
BC briefly participated in Canada’s Harmonized Sales Tax (“HST”) system in 2010, only to exit following a 2011 referendum and revert to its standalone PST system in April 2013. Since returning to a traditional retail sales tax model, the defining feature of PST policy has been base expansion – likely to help address recent provincial fiscal commitments and infrastructure projects.
We review the latest plan below.
Tagged in:
BC PST Tax Expansion
Compliance Issues
Point-Of-Sale Exemption
Professional Services
Provincial Sales Tax Act
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