Get Canada Fin 492/web - British Columbia 2013-2025

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.

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.

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.

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.

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.

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.

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.

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.

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.