People also ask
When can you self assess PST in BC?
If you have a PST number, you must self-assess the PST due on your next return. Remittance Return (FIN 405) on or before the last day of the month following the month in which the goods entered BC. For example, if the entry date for the goods is May 1, 2019, the PST is due by June 30, 2019.
Do materials charge PST?
You must pay PST regardless of whether your contract is a time and materials contract or a lump sum contract.
What does GST and PST apply?
The GST applies to most goods and services made in Canada; however, certain exceptions may apply. The PST is a retail sales tax that is payable when a taxable good or service is acquired for personal or business use, unless a specific exemption applies.
Is PST in B.C. recoverable?
The PST imposed by British Columbia, Manitoba, and Saskatchewan is not a recoverable tax. PST is a consumption tax, designed to be paid by the end-user of the product or service. Some exemptions may be applicable, such as the sale for resale exemption.
When should PST be charged?
You must report and remit (pay) to the ministry any PST you charge, whether or not you have actually collected it from your customer. You must remit all PST charged within a reporting period no later than the last day of the month following the reporting period.
form 405 casual remittance form