The BC Provincial Government has implemented a temporary provincial sales tax program to assist corporations in the recovery from COVID-19. The rebate is separate from the existing PST refund process and applies only to corporations. Applications must be filed to claim the rebate in an amount equal to the PST they paid between September 17, 2020 to September 30, 2021 on qualifying machinery and equipment. The PST rebate also applies to qualifying goods that are leased and applies to PST paid on a rental period that includes a right to use the goods on or after September 17, 2020, but not beyond November 30, 2021.
We would encourage you to review the attached link to the BC Government website for details on the rebate program and contact us to discuss how these rebates will apply to your business. All applications must be submitted no later than March 31, 2022.