British Columbia

Changes in Retail Sales Taxes in BC and PEI

Effective today, residents of Prince Edward Island will be subject to a Harmonized Sales Tax of 14% on most services and products whilst British Columbia Residents will be subject to a Goods and Services Tax of 5%, which will be replacing the Harmonized Sales Tax of 12% in BC.

In British Columbia there will be a decrease in taxes on books (audio, electronic, bound and printed), basic cable services, concert tickets, music lessons and movie tickets but a combined tax of 12% (5% GST + 7% PST) will remain on most products and services. Individually purchased magazines will be subject to less taxes in this province.

In Prince Edward Island there will be decreases in retail sales taxes on CDs, DVDs, Blu-Rays, MP3 players, DVD and Blu-Ray players, radios, stereos, televisions, movie tickets, basic cable subscriptions and individual magazine purchases. Audio Books and Books will still be subject to the GST at 5% in this province whilst music lessons will be exempt.

For additional information please consult the following documents :

chapters.indigo.ca

BC Voters Asked To Keep Reduced HST

British Columbia residents are being asked to vote for the Harmonised Sales Tax during a referendum.

The BC provincial government is hoping that a promise to reduce to tax to 10% by 2014 will result in a vote for the unpopular 12% tax on goods and services in that province

The first 1% reduction would be scheduled for Canada Day, 2012, conditional of course on the re-election of the provincial Liberal Party into office. And transition cheques would also be issued to families and low to modest income seniors.

The ballots for this referendum will be mailed out on June 13th, to be counted on July 22nd. Click here for additional information.