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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.
Who needs to register for PST in BC?
You must register to collect PST if youre located in B.C. and you sell or lease taxable goods, or provide software or taxable services in the ordinary course of your business in B.C. You may also need to register if youre located outside B.C.
What is exempt from GST in BC?
The following are examples of GST exempt goods and services: used residential housing; long-term residential accommodation (one month or more) and residential condominium fees. most health, medical, and dental services performed by licensed physicians or dentists for medical reasons.
What items are PST exempt in BC?
Some goods and services arent taxed under PST, such as: Sales and rentals of real property (e.g. house, commercial property) Public and private campsites. Admissions and memberships. Professional services (other than legal services) Transportation fares (e.g. bus, train, ferry, airline)
What is exempt from PST logging in BC?
For example, you are exempt from PST when you purchase strapping material to bundle logs or lumber for resale (note: if the logs or lumber are not for resale, or if you remove the strapping material before the logs or lumber are resold, the strapping material is taxable).
Accounting Services provides a full range of financial accounting services that meet strict Federal financial management requirements and (301) 492-5341
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