What does PST stand for in BC?
provincial sales tax
B.C. provincial sales tax (PST)
Who needs a PST number in BC?
You must register to collect PST if you are located in B.C. and you sell or lease taxable goods, or provide software or taxable services in the ordinary course of your business in B.C. You may also need to register if you’re located outside B.C.
Can you gift a vehicle to a family member in BC?
Tax must be paid when transferring a vehicle in the province of British Columbia. Autoplan requires a direct relationship for the gifting of a vehicle to be PST exempt. This would apply to relationships such as a spouse, children, siblings, parents, grandparents or grandchildren of the owner of the vehicle.
Is PST only in BC?
PST generally applies to: The purchase or lease of new and used goods in B.C. Goods brought, sent or delivered into B.C. for use in B.C….Charging and collecting PST.
| Industry | Related information |
|---|---|
| Motor vehicles | Multijurisdictional Vehicles (PDF) PST on Vehicles (PDF) |
What is PST used for?
Provincial sales taxes (PST), levied by the provinces. Goods and Services Tax (GST)/Harmonized Sales Tax (HST), a value-added tax levied by the federal government.
Do Alberta residents pay PST in BC?
Yes, you will have to pay PST on most taxable items that you rent (equipment, for example) or purchase in BC, and take possession of in BC.
Is PST refundable in BC?
If you paid PST and were not required to pay it, you are eligible for a refund of the PST paid. You may request a refund or credit directly from the collector within 180 days from the date you paid the PST. Alternatively, you may apply to us for a refund.
Is BC PST recoverable?
The PST imposed by British Columbia, Manitoba, and Saskatchewan is not a recoverable tax. PST is a consumption tax, designed to be paid by the end-user of the product or service. Some exemptions may be applicable, such as the sale for resale exemption.
Do you pay PST on related services in BC?
Related Services Provided in BC PST applies to the purchase of a related service provided or to be provided in BC, unless a specific exemption applies. The tax rate on related services is 7%. PST applies even if the purchaser is a non-resident of BC.
What do you need to know about BC PST?
Software Including Online Purchases. Software is defined in Notice 2012-024 as all programs delivered or accessed by any means. It includes source code, operating systems, application and gaming software. You must self assess BC PST if a product purchased and paid for online (or offline) does not include PST.
When is an asset exempt from PST in BC?
For the exemption for transfers of assets between related corporations only, an asset is a tax paid asset if the previous owner: acquired the asset outside BC, and would have qualified for a related party asset transfer PST exemption for that asset if they had purchased the asset, on that date, at a sale in BC.
What are special relieving provisions for PST in Canada?
All provinces that impose PST have special relieving provisions which deal with transfers between related parties and in special circumstances, transfers between unrelated parties.