British Columbia Updates Bulletin for Phase-out of PST on Electricity

British Columbia has updated Bulletin PST 203, “Energy, Energy Conservation and the ICE Fund Tax” to outline that taxable purchases of electricity (i.e., business use) will be subject to PST at a rate of 3.5% effective January 1, 2018, and will be fully exempt of PST effective April 1, 2019.  Currently, electricity for business use is subject to PST at a rate of 7%.  In addition, the revision indicates that the invoice date will generally determine the PST rate that applies to electricity and the bulletin includes examples for the application of this transitional rule.