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What is GST exempt 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?

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.

What is the difference between GST exempt and zero-rated?

For a \u201czero-rated good,\u201d the government doesn't tax its sale but allows credits for the value-added tax paid on inputs. If a good or business is \u201cexempt,\u201d the government doesn't tax the sale of the good, but producers cannot claim a credit for the VAT they pay on inputs to produce it.

Does Canada have tax exempt certificates?

Resolution. Currently, the only way to exempt customers of tax in the country of Canada is by using the exemption reason of Tribal Government, or entity use code C. To learn how to create an exemption in CertCapture, click here. To learn how to create an exemption in AvaTax, click here.

What is exempt from GST in Canada?

Zero-rated supplies basic groceries such as milk, bread, and vegetables. agricultural products such as grain, raw wool, and dried tobacco leaves. most farm livestock. most fishery products such as fish for human consumption. prescription drugs and drug-dispensing services.

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What is exempt from PST in BC?

Some goods and services aren't 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)

Do farmers pay PST in BC?

Goods Brought Into BC As a qualifying farmer, you may purchase or lease specifically listed farm equipment and other goods exempt from PST from out-of-province suppliers. You must pay PST if you purchase or lease taxable goods outside BC and bring, send or receive the goods in BC.

What products are GST exempt?

GST exemptions for goods Types of goodsExamplesNatural productsHoney, fresh and pasteurized milk, cheese, eggs, etc.Live trees and plantsBulbs, roots, flowers, foliage, etc.VegetablesTomatoes, potatoes, onions, etc.FruitsBananas, grapes, apples, etc.22 more rows • 3 Aug 2022

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