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When Should You Self-Assess PST?

Tax Question

When should you self-assess for Provincial Sales Tax (PST) and why?

Facts

Normally whenever a British Columbian Corporation purchases goods, they have to pay PST on the goods or services that are used for consumption. However, there are occasions when goods and services are brought into British Columbia from other provinces or outside of Canada. In these cases, the PST is often not charged because the supplier is unaware of British Columbia’s sales tax regime and/or has no reason to charge PST. As a result, British Columbian corporations may be required to self-assess the PST.

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PST on Imports

Tax Question

If I am importing goods into British Columbia (BC) do I have to collect and remit PST?

Facts

Whenever you import goods or services into BC from other provinces or countries you need to identify if you have to pay PST on that item and remit the right amount of tax to the Minister of Finance.

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PST Registration

Tax Question

Do I need to register for PST?

Facts

On April 1, 2013, the Provincial Sales Tax (PST) was reintroduced into British Columbia (BC). You have to register for PST if you regularly do any of the following in BC: sell or lease taxable goods, provide legal services, provide accommodation of four or more rooms, provide software, or repair or maintain taxable goods.

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