News and Insights

British Columbia Clarifies Exemptions

Tax Development Feb 29, 2016

In anticipation of Bill 14, Finance Statues Amendment Act, 2016, receiving royal assent, British Columbia has updated the following PST Bulletins to clarify that, retroactive to April 1, 2013, the PST exemptions for goods acquired for processing, fabricating, manufacturing, attaching or incorporating into other goods for resale or lease, and for containers and packaging materials (excluding reusable containers) purchased for packaging goods for sale or lease (or to be provided to customers along with the purchase of goods), only apply when the items in question have been obtained solely for the stated purposes.