PST Legislation

PST

The original provincial sales tax act was introduced in the 1940s, and countless changes were introduced over the years as adjustments were needed. That approach created a complex and convoluted tax landscape for businesses trying to comply with the tax. The new act ha brought changes together in one statute that may be easier to follow.

As per the government, the PST is being re-implemented with all permanent exemptions. Consumers will pay PST only on those goods and services that were subject to the tax before July 1, 2010. Consumers will again not pay PST on purchases like food, restaurant meals, bicycles, gym memberships, movie tickets, and others, nor for personal services like haircuts.

.An audit may be an assessment, inspection and/or an investigation of your business’ financial records to ensure that you are collecting, remitting and paying tax that is due, and to identify any areas where you may be doing this incorrectly.

Please call us at 604-642-6157 or 1-888-TAX-0701