Provincial Sales Tax (PST)
Helping troubleshoot issues and comply with changing tax legalities.
Provincial Sales Tax (PST) is a retail sales tax which refers to the 7% tax applied to software, accommodation, legal services, telecommunication services, gifts of vehicles and aircraft or service to goods like computer and vehicle maintenance. Goods exempt from the PST tax include: accommodation, vehicles, boats, aircraft, liquor and manufactured buildings.
Our accounting services can also direct you in the case of having to register your business to collect PST, at the exact time the tax is payable. We will make sure to inform and educate you on all the necessary steps you need to take in order for your business to follow all tax legalities and requirements that are in effect.
This will, in turn, save your time, money and costly mistakes to your business. Our professional, friendly, and skilled accounting company Vancouver will ensure you are in compliance with all national and provincial regulations set forth, in order to protect your business. We will make sure you charge and collect PST at the exact time that tax is payable unless there are any specific exemptions that are in effect. A business will pay and report PST that is collected, as well as PST that may be owed on items used within the business. It generally applies to: The purchase or lease of new and used goods in B.C. Or Goods brought, sent or delivered into B.C. for use in B.C.
Starting April 1, 2019, there are numerous other PST-taxed goods that are now in effect. These include: Passenger vehicle rental tax, multijurisdictional vehicle tax, ice fund tax.
Provincial Sales Tax (PST)- Services Include:
✔ Accuracy check
✔ Preparation of periodical PST & report to Ministry of Finance
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