The Sales Tax Change in British Columbia
The HST impacts consumers in different ways than the old PST+GST system. Understanding the impact of the HST as well as the PST+GST on your budgeting and spending decisions is important.
Estimates presented by the Independent Panel indicate that unless you are among the lowest 15 per cent of income earners, the 12 per cent HST is costing you more money than the PST+GST did– on average $350 more per family, annually.
It is estimated that the HST will remove about $1.9 billion in sales tax from business inputs and result in about $150 million in administrative savings annually for B.C. businesses.
We will guide you throughout the process of your transition.
Tax in Real Estate
The housing transition rules help ensure when people buy a newly constructed home under the PST, whatever the case, they will all pay a consistent and equitable amount of tax.
Tax in Goods
Estimates presented by the Independent Panel indicate that unless you are among the lowest 15 per cent of income earners, the 12 per cent HST is costing you more money per family, annually.
Tax in your Business
In this section you will find an overview of how the shift to the HST from the PST + GST system affects your business as well as resources to find specific information about the HST in B.C. and your business.
HST to PST Transition
The PST will apply to the same goods and services that were subject to PST prior to the implementation of the HST. All permanent PST exemptions will be re-implemented with the new PST, including: