hst changed to gst in bc in 2014.
hst changed to gst in bc in 2014.
when did hst change to gst in bc?
2014
in the provincial budget released 18 april 2012, the government of prince edward island announced plans to introduce a 14% hst to be implemented on 1 april 2013. this would reduce prince edward island's provincial sales tax component from 10% to 9%. the government of prince edward island was unique amongst canadian provinces in that it "taxed the gst". since the implementation of the federal gst in 1990, pei's 10% pst has been charged on the subtotal of goods which included the federal gst; pst was not charged on services. this resulted in a combined tax of 17.7% for goods purchased before the 7% gst was reduced to 6% and then 5% in 2006 and 2008 respectively. as of 2012, consumers in pei paid a combined 15.5% tax rate (5% gst and 10% pst applied to the subtotal). the provincial government committed to exempting some items while critics noted that electricity would see an increase from 5% gst to 14% hst; prior to the hst, electricity was not taxed by the pst.
harmonized sales tax
section::::processing of tax returns.:gst/hst returns.









































gst/hst is governed by excise tax act, which requires many entities to register for a gst/hst account and remit gst/hst collected. these entities include sole-proprietors, partnerships, corporations, etc. not-for profit organizations are normally exempt for income tax purposes but not for gst/hst purposes. even universities and hospitals are required to register for gst/hst.









































gst/hst returns are due monthly, quarterly, or annually depending on the volume of sales. if sales are less than $30k per year, a business may qualify as smaller suppliers, who are not required to register for gst/hst.
canada revenue agency