Over the past year, legislative amendments to the Provincial Sales Tax Act and technical changes to the regulations for the PST have been put into force. In addition, the province has continued to release administrative guidance to assist taxpayers in their understanding of how this tax impacts their businesses. We will explore how these regulations and administrative policies apply to the exemptions available under the PST, including those in place for safety equipment, software, certain services, production machinery and equipment, and other industry-specific items.
This session will provide an overview of the PST that was reintroduced in the province of British Columbia, effective April 1, 2013. During the session, we will also provide an overview of the British Columbia PST, including the liability for tax, the application of tax to goods, services and real property, and cross-border transactions.