News and Insights

British Columbia Issues Bulletin on Goods for Resale

Tax Development Jan 29, 2016

British Columbia has issued Bulletin 208, “Goods for Resale”, to explain the PST exemptions available to these goods.

Generally speaking, exemptions are available on goods purchased for resale or lease to customers, including goods to be processed, fabricated, or manufactured into, attached to, or incorporated into resale goods. Containers and packaging materials are also exempt, if provided to customers with their purchases.

PST must be self-assessed on goods taken out of exempt inventory for business or personal use – but this does not apply to goods used for demonstration and display purposes, provided they remain available for sale.