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- Transportation
- British Columbia
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British Columbia Bulletin PST 308, “PST on Vehicles” provides information about the application of British Columbia (“BC”) Provincial Sales Tax (“PST”) to vehicles purchased, brought into, or acquired as a gift in BC. The definition of a vehicle has been updated to include a trailer.
In some circumstances, it is necessary to calculate the depreciated purchase price of a vehicle in order to determine the PST liability. This involves the use of a depreciation rate, which also has to be calculated, and the bulletin has been updated to add further clarification.