Legislation Passed to Clear Way for HST
By 250 News
VICTORIA - The Consumption Tax Rebate and Transition Act eliminating the Provincial Sales Tax (PST) has been passed in the legislature, preparing B.C. for the arrival of the HST.
The legislation fulfils the Province's agreement with the federal government to wind down PST by July 1, 2010. The act eliminates the seven-per cent PST and introduces rebates and exemptions that will provide direct benefits to British
Columbians.
British Columbians will not pay the provincial portion of HST on: motor fuels, books, children-sized clothing and footwear, children's car seats and booster seats, children's diapers and feminine hygiene products.
The act also provides a provincially administered rebate and credit for the provincial portion of HST payable on energy purchased for residential use. In addition, the act provides for a B.C. HST credit to help low- and modest-income families. 1.1 million British Columbians will benefit from the credit.
The act also eliminates the provincial portion of the hotel room tax, but continues the two-per cent additional hotel room tax levied on behalf of local governments, regional districts and destination marketing organizations to raise revenue for local tourism marketing.
In preparation for the transition to HST, on May 1, 2010, HST will apply to payments for goods and services delivered on or after July 1, 2010. PST will not apply to those payments.
Previous Story - Next Story
Return to Home
"HST credit to help low- and modest-income families. 1.1 million British Columbians will benefit from the credit"
I hadnt heard about that before, and its interesting that the fear mongers havent brought it up, I guess gramma can get a little bit of money to help pay the HST while getting her driveway plowed, but then again, isnt virtually every driveway plowed on the underground economy system?