Get Canada FIN 492/WEB - British Columbia 2013-2024

Businesses that are required to register must charge and collect tax at the time the tax is payable, unless a specific exemption applies to the sale or lease. PST generally applies to: The purchase or lease of new and used goods in B.C. Goods brought, sent or delivered into B.C. for use in B.C.

Tax on privately acquired vehicles in B.C. The general PST rate on private vehicle sales and gifts of vehicles is 12%. However, the PST rate varies based on whether the vehicle is a passenger vehicle and the value of the vehicle. Vehicles that are: purchased at a private sale.

PST applies regardless of the length of the rental period (e.g. hourly, daily, weekly, monthly). Leases of the following goods are taxable, unless a specific exemption applies.

First Nations individuals are subject to the same tax rules as any other resident in Canada unless their income is eligible for the tax exemption under section 87 of the Indian Act. W e want you to be aware of the benefits, credits and requirements that apply to you.

Purchases of goods made by First Nations individuals and bands on reserve land are generally exempt from provincial sales tax (PST) when the exemption criteria are met.

The First Nations tax (FNT) is a tax on the sale of listed products on some First Nations reserves. Some band councils have passed bylaws that impose the FNT on listed products. The FNT rate is 5% (the same as the GST). The FNT may be referred to by a different name in the bylaws.

The B.C. PST is a retail sales tax that applies when taxable goods, software or services are acquired in B.C. or brought into B.C. for use in B.C., unless a specific exemption applies. Find out if your business is required to register to collect PST.

First Nations individuals and bands are generally exempt from PST when they purchase goods or services on First Nations land. To qualify for the exemption, the goods purchased must be for the personal use of the First Nations individual or for the use of the band.

PST exemptions Food for human consumption (e.g. basic groceries and prepared food such as restaurant meals) Books, newspapers and magazines. Children-sized clothing. Bicycles. Prescription medications and household medical aids such as cough syrup and pain medications.

Yes, you must pay PST on all goods you acquire for business or personal use, unless a specific exemption applies (e.g. goods purchased for resale). Generally, you pay PST when you purchase or lease taxable goods from your supplier. If your supplier does not charge you PST, you must self-assess the PST due.

Water and ice are exempt from PST, including ice cubes and ice blocks (e.g. for coolers). Note: PST applies to food for human consumption that contains cannabis products, except products derived from hemp plants and parts, such as hemp seeds, hemp hearts, hemp protein powder and hemp seed oil.

The following are examples of GST zero-rated goods and services: basic groceries such as milk, bread, and vegetables. agricultural products such as grain, raw wool, and dried tobacco leaves. fishery products for human consumption. prescription drugs and drug-dispensing fees.

Businesses that are required to register must charge and collect tax at the time the tax is payable, unless a specific exemption applies to the sale or lease. PST generally applies to: The purchase or lease of new and used goods in B.C. Goods brought, sent or delivered into B.C. for use in B.C.

Tax on privately acquired vehicles in B.C. The general PST rate on private vehicle sales and gifts of vehicles is 12%. However, the PST rate varies based on whether the vehicle is a passenger vehicle and the value of the vehicle. Vehicles that are: purchased at a private sale.

PST applies regardless of the length of the rental period (e.g. hourly, daily, weekly, monthly). Leases of the following goods are taxable, unless a specific exemption applies.

First Nations individuals are subject to the same tax rules as any other resident in Canada unless their income is eligible for the tax exemption under section 87 of the Indian Act. W e want you to be aware of the benefits, credits and requirements that apply to you.

Purchases of goods made by First Nations individuals and bands on reserve land are generally exempt from provincial sales tax (PST) when the exemption criteria are met.

The First Nations tax (FNT) is a tax on the sale of listed products on some First Nations reserves. Some band councils have passed bylaws that impose the FNT on listed products. The FNT rate is 5% (the same as the GST). The FNT may be referred to by a different name in the bylaws.

The B.C. PST is a retail sales tax that applies when taxable goods, software or services are acquired in B.C. or brought into B.C. for use in B.C., unless a specific exemption applies. Find out if your business is required to register to collect PST.

First Nations individuals and bands are generally exempt from PST when they purchase goods or services on First Nations land. To qualify for the exemption, the goods purchased must be for the personal use of the First Nations individual or for the use of the band.

PST exemptions Food for human consumption (e.g. basic groceries and prepared food such as restaurant meals) Books, newspapers and magazines. Children-sized clothing. Bicycles. Prescription medications and household medical aids such as cough syrup and pain medications.

Yes, you must pay PST on all goods you acquire for business or personal use, unless a specific exemption applies (e.g. goods purchased for resale). Generally, you pay PST when you purchase or lease taxable goods from your supplier. If your supplier does not charge you PST, you must self-assess the PST due.

Water and ice are exempt from PST, including ice cubes and ice blocks (e.g. for coolers). Note: PST applies to food for human consumption that contains cannabis products, except products derived from hemp plants and parts, such as hemp seeds, hemp hearts, hemp protein powder and hemp seed oil.

The following are examples of GST zero-rated goods and services: basic groceries such as milk, bread, and vegetables. agricultural products such as grain, raw wool, and dried tobacco leaves. fishery products for human consumption. prescription drugs and drug-dispensing fees.

Businesses that are required to register must charge and collect tax at the time the tax is payable, unless a specific exemption applies to the sale or lease. PST generally applies to: The purchase or lease of new and used goods in B.C. Goods brought, sent or delivered into B.C. for use in B.C.

Tax on privately acquired vehicles in B.C. The general PST rate on private vehicle sales and gifts of vehicles is 12%. However, the PST rate varies based on whether the vehicle is a passenger vehicle and the value of the vehicle. Vehicles that are: purchased at a private sale.

PST applies regardless of the length of the rental period (e.g. hourly, daily, weekly, monthly). Leases of the following goods are taxable, unless a specific exemption applies.

First Nations individuals are subject to the same tax rules as any other resident in Canada unless their income is eligible for the tax exemption under section 87 of the Indian Act. W e want you to be aware of the benefits, credits and requirements that apply to you.

Purchases of goods made by First Nations individuals and bands on reserve land are generally exempt from provincial sales tax (PST) when the exemption criteria are met.

The First Nations tax (FNT) is a tax on the sale of listed products on some First Nations reserves. Some band councils have passed bylaws that impose the FNT on listed products. The FNT rate is 5% (the same as the GST). The FNT may be referred to by a different name in the bylaws.

The B.C. PST is a retail sales tax that applies when taxable goods, software or services are acquired in B.C. or brought into B.C. for use in B.C., unless a specific exemption applies. Find out if your business is required to register to collect PST.

First Nations individuals and bands are generally exempt from PST when they purchase goods or services on First Nations land. To qualify for the exemption, the goods purchased must be for the personal use of the First Nations individual or for the use of the band.

PST exemptions Food for human consumption (e.g. basic groceries and prepared food such as restaurant meals) Books, newspapers and magazines. Children-sized clothing. Bicycles. Prescription medications and household medical aids such as cough syrup and pain medications.

Yes, you must pay PST on all goods you acquire for business or personal use, unless a specific exemption applies (e.g. goods purchased for resale). Generally, you pay PST when you purchase or lease taxable goods from your supplier. If your supplier does not charge you PST, you must self-assess the PST due.

Water and ice are exempt from PST, including ice cubes and ice blocks (e.g. for coolers). Note: PST applies to food for human consumption that contains cannabis products, except products derived from hemp plants and parts, such as hemp seeds, hemp hearts, hemp protein powder and hemp seed oil.

The following are examples of GST zero-rated goods and services: basic groceries such as milk, bread, and vegetables. agricultural products such as grain, raw wool, and dried tobacco leaves. fishery products for human consumption. prescription drugs and drug-dispensing fees.