There are about 400,000 businesses in B.C.- 98 per cent of which have fewer than 50 employees. The HST impacts businesses in different ways. Facts on how the HST in B.C. impacts businesses, large and small, can be found here.
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.
For most businesses, the HST means increased competitiveness, a reduction in operating and investment costs, and simplified bookkeeping.
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.
The Harmonized Sales Tax is administered by the Canada Revenue Agency. If you need more detail or specific information for your business about the HST you can reach the CRA here:
Learn more About HTC to PST
The PST will be reinstated effective April 1, 2013.
Will the PST be re-implemented at 7%?
British Columbia’s provincial sales tax (PST) will be re-implemented effective April 1, 2013 at a general tax rate of seven per cent
Will all permanent PST exemptions return?
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.