The Buzz

What's New in B.C. Sales Taxes

Applications for the B.C. PST rebate on select machinery and equipment are now open online and will close on March 31, 2022. Visit gov.bc.ca/CorporatePSTRebate to learn more about:

• Which corporations can apply
• Qualifying machinery and equipment
• What you need to apply
• How the application periods work

Effective April 1, 2021, PST applies to all retail sales of soda beverages at a rate of 7%. The following bulletins have been revised to reflect this change.

• Bulletin PST 119, Restaurants and Liquor Sellers
• Bulletin PST 122, Caterers, Event Planners and Party Supply Stores
• Bulletin PST 200, PST Exemptions and Documentation Requirements
• Bulletin PST 206, Grocery and Drug Stores

Effective February 19, 2020, aircraft powered solely by electricity and parts for those aircraft (except remotely piloted electric aircraft) are exempt from PST. In addition, PST paid on or after February 20, 2020, on non electric aircraft obtained (other than by lease) for the purpose of converting the aircraft to operate solely on electricity, and PST paid on parts and related services obtained for this purpose, are eligible for a refund.  The following bulletins have been revised to reflect this change:

• Bulletin PST 134, Aircraft
• Bulletin PST 200, PST Exemptions and Documentation Requirements
• Bulletin PST 400, PST Refunds

Bulletin MFT-CT 006, Self-Assessing Motor Fuel and Carbon Tax, has been revised to:

• Add asphalt shingles as a taxable combustible effective April 1, 2021
• Add information about how carbon tax applies to natural gas and acid or waste gas that is flared or incinerated at a wellhead or processing facility

Bulletin PST 120, Accommodation, has been revised to add the following to the list of areas collecting the MRDT:

• District of Kitimat, effective May 1, 2021
• City of New Westminster, effective July 1, 2021

For more info visit the BC Government's webpage - 'What's new in B.C sales tax'.