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What items are exempt from PST?
Generally, goods such as basic groceries, prescription drugs, and healthcare services are exempt from both federal and provincial taxes, but some goods and services which are exempt from the federal GST/HST are not exempt at the provincial level and therefore subject to PST/RST/QST.
What services are subject to B.C. PST?
BC PST Taxable Services
- personal property that can be seen, weighed, measured, felt or touched, or that is in any other way perceptible to the senses, and includes natural or manufactured gas,
- electricity,
- heat.
- affixed machinery, and.
How is PST calculated?
2 Provincial Sales Tax (PST) Each province can calculate PST in one of two ways. Although the PST is always calculated after the GST is calculated, in some cases it is based on the pre-GST value and in other cases it is based on the value after GST has been added (in effect, a tax on a tax).
Do I have to charge PST to out of province customers?
What rate to charge to out of province/territory customers and foreign customers? When you sell goods or services to a customer that lives out of province/territory you will charge tax that applies in your customer’s province/territory. If your customer is out of the country then there is no PST to be charged at all.
Does PST charge out of province sales?
Out-of-Province Vendors and PSTs British Columbia, Manitoba, Saskatchewan, and Quebec charge PSTs.
Why do some provinces not collect PST?
Depending on their needs and budgets, provincial governments choose the tax rate for their PST. For this reason, the rate can vary widely among provinces. For example, Alberta, which is a province that has long been prosperous because of oil development, does not collect any provincial sales tax.
How is tax calculated in BC?
Current GST and PST rate for British-Columbia in 2021 The global sales tax for Bc is calculated from provincial sales tax (PST) BC rate (7%) and the goods and services tax (GST) in Canada rate (5%) for a total of 12%.
How does PST work in Canada?
PST is a province-specific tax that is collected separately from the GST. In British Columbia and Saskatchewan, it is called simply PST; in Manitoba, the provincial tax is known as Retail Sales Tax (RST); and Quebec charges Quebec Sales Tax (QST).
Does a 90 year old have to file taxes?
There’s no set age at which the IRS says you no longer have to file income tax returns or pay income taxes, and it’s not as though you reach an age that absolves you of your tax bill.