Business in BC can now apply for Provincial Sales Tax rebates on purchases or leases of machinery and equipment, including tools, furniture, computers, software and zero-emission vehicles.
The rebate, announced in September, allows incorporated businesses to recover 100% of PST on most machinery and equipment purchased between Sept. 17 last year and Sept. 30 of this year.
Applications can be made until Sept. 20 for the first window. A second window of eligibility begins in October and continues to March 31, 2022. Rebate eligibility is based on the Canada Revenue Agency’s Capital Cost Allowance classes.
Apply for PST Rebate