News and Insights

British Columbia Updates Bulletins Regarding Exemptions for Contractors

Tax Development Oct 23, 2015

British Columbia has revised several bulletins to clarify that contractors will only be exempt from paying PST on goods acquired to fulfill real property contracts when specific conditions are met.  This includes situations in which the contract is with certain persons who are exempt from PST, and where an agreement is in place stating that the customer is responsible for paying the PST on the goods (and that agreement also meets specific conditions).

The following updated bulletins may be found on the province’s website:

Bulletin PST 500, PST Overview for Real Property Contractors 

Bulletin PST 501, Real Property Contractors

Bulletin PST 505, Security Systems

Bulletin PST 599, Real Property Transitional Rules