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The former British Columbia Provincial Sales Tax (BC PST) was introduced on 1 July 1948 as part of the Social Service Tax Act. [ 1] It was initially set at 3%, [ 2] but later rose to 7%. The PST was collected on most goods and some services. The main difference between the national Goods and Services Tax (GST) and the BC PST was its taxable ...
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST). Introduced at an original rate of 7%, the GST rate has been lowered twice and currently sits at rate of 5%, since January 1, 2008. The GST raised 11.7% of total federal government revenue in 2017–2018. [2]
Goods and services tax ( GST )/ harmonized sales tax ( HST ), a value-added tax levied by the federal government. The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New ...
The BC Liquor Distribution Branch (BCLDB) is the governmental body responsible for distributing alcohol and cannabis products in the province of British Columbia, Canada. The BCLDB operates under the Ministry of Finance and was established in 1921. [1] The BCLDB head office is located in Burnaby, with distribution centres in Delta and Kamloops.
The Canada Revenue Agency ( CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [ 4] Legislation administered by the CRA includes the Income ...
Premium-rate telephone numbers are telephone numbers that charge callers higher price rates for select services, including information and entertainment. A portion of the call fees is paid to the service provider, allowing premium calls to be an additional source of revenue for businesses. Tech support, psychic hotlines, and adult chat lines (e ...
The British Columbia Assessment Authority is a publicly owned Crown Corporation in the Province of British Columbia, Canada . BC Assessment was created in 1974, as a result of a provincial government all-party committee unanimous recommendation that an independent assessment agency be created. Its mandate is to provide property assessment ...