When will the PST be re-implemented?
As determined by the results of the referendum, the seven per cent PST will be reinstated in British Columbia. Permanent PST exemptions will return with the re-implemented PST.
The Province will work as quickly as we responsibly can to put the PST back in place. Dismantling the provincial HST and reinstating the PST will take time to do properly. A firm transition date has not yet been set, but will be in the near future.
Why can’t the PST be re-implemented right away?
Changing a province’s tax system is a complex undertaking.
As the Independent Panel report stated, going back to the PST is not going to happen overnight—it is expected to take a minimum of 18 months.
The Province needs to have discussions with the federal government, rewrite provincial tax laws and regulations, rebuild our capacity to administer the PST, and businesses will need to readjust their accounting and administrative systems.
Read the Province’s Action Plan.
Will the PST be introduced the same as it was before the HST?
The Province will reinstate the PST at 7 per cent with all permanent PST exemptions.
The Province may make some common sense administrative improvements to streamline the PST legislation and ease the transition for businesses.
Will the government still provide the transition payments or consider reducing the HST rate?
The HST will continue to apply at the full 12 per cent rate until the PST is re-implemented. The policy changes announced pending a “No” result in the referendum will not proceed.
Will I continue to receive my B.C. HST Credit?
Eligible lower-income British Columbians will continue to receive the B.C. HST Credit until the PST is re-implemented. The B.C. HST credit will then be replaced by the re-implemented PST credit.
How will I get updates about the transition process, and when will more information be available?
During the transition period, the Province will provide quarterly updates on the progress of returning to the PST.