Contributing 

Who is exempt from PST in BC?

Leia Doyle

Who is exempt from PST in BC?

These include exemptions for: health and medical products, and equipment for persons with disabilities (PDF) adult-sized clothing and footwear for kids under 15 years of age (PDF) school supplies for students (PDF)

What is a PST exemption?

Provincial Sales Tax ( PST ) Departments are generally exempt from paying PST on the purchase or acquisition of taxable goods or services in this province but are required to pay PST on third-party purchases. An exemption certificate is to be used in this province.

Are face masks PST exempt in BC?

The government amended the new measure in its Fall Economic Statement 2020. Face masks and shields that meet a certain requirement will be temporarily relieved from both the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) after December 6.

What services are 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 GST exempt in BC?

How much is the BC property transfer tax?

The general property transfer tax rate is: 1% of the fair market value up to and including $200,000. 2% of the fair market value greater than $200,000 and up to and including $2,000,000. 3% of the fair market value greater than $2,000,000.

Is there PST on hand sanitizer in BC?

British Columbia PST updates for cannabis, hand sanitizer and incontinence products. BC has issued updated provincial sales tax (PST) guidance. The government also clarified that hand sanitizer and incontinence products (with certain stipulations) are exempt from PST (unless they contain cannabis).

What is exempt supply under GST?

Exempt supply is defined in section 2(47) of GST Act. (47) “Exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply.

Who is exempted from registering GST?

Businesses and individuals are exempt from GST if their annual aggregate turnover is less than a specific amount. At the time of GST implementation in July 2017, businesses/individuals with annual aggregate turnover of less than Rs. 20 lakhs were allowed GST exemption.