British Columbia Updates Bulletin on Advertising Agencies

British Columbia has updated Bulletin PST 125, “Advertising Agencies”, which discusses how PST applies to advertising services.

The revision corrects an error by referring to Bulletin PST 315, “Rentals and Leases of Goods”, on how to self-assess PST on taxable goods taken from lease inventory for business or personal use. In addition, the revised bulletin clarifies that you are exempt from PST on goods purchased for manufacturing, fabricating, processing or incorporating into other goods for resale or lease. The updated bulletin also clarifies that PST must be paid on taxable goods purchased or leased outside of British Columbia, but subsequently brought into the province, and discusses the application of PST to goods sold or leased as a result of advertising design services.