With PST Returning Soon, It May Make Sense for BC Organizations to Make Purchases Now

As LWA has in the past, we continue to encourage organizations to take advantage of tax savings. In this case, that could be accomplished by making any planned large purchases prior to the transition to PST in BC on April 1, 2013.

Most private and public organizations will see tax savings by doing so. Although for some public organizations, it may be beneficial to actually wait.

The general rule for whether PST applies or not (there are of course, exceptions) is based on invoice date. PST will apply to consideration in respect of the purchase of goods that becomes due (invoiced) on or after April 1, 2013

As always, special circumstances may apply. Feel free to contact us to discuss your unique situation.

More info: http://www.sbr.gov.bc.ca/documents_library/notices/notice_2012-010.pdf