PST Refund Extension Saves Businesses More Money

ResourceThompson Okanagan
Written By Thompson Okanagan Tourism Association
 
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A StrongerBC program that offers PST rebates on select machinery and equipment will be extended for an additional six months, allowing businesses to further reduce costs and make new investments to adapt to operational changes necessitated by the global pandemic.

The rebate period has been extended by six months. You have until March 31, 2022 to pay PST on qualifying items. All rebate applications must be received by September 30, 2022. Businesses will have until March 31, 2022 to purchase qualifying items, including tools, furniture, computers, software, and zero-emission vehicles and charging equipment.

The rebate acts similar to a refund but is separate from the existing PST Refund process. Under this temporary program, corporations can apply to receive an amount equal to the PST they paid between September 17, 2020 and March 31, 2022 on qualifying machinery and equipment. PST invoiced before the deadline but paid after March 31, 2022 does not qualify for the rebate.

 
Thompson Okanagan Tourism Association
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