The provincial sales tax rebate for certain machinery and equipment has been extended through 31 March 2022.
British Columbia has extended the time for certain eligible corporations to receive a rebate of the provincial sales tax (PST). The PST rebate is now extended through 31 March 2022.
The PST rebate originally applied with regard to qualifying purchases of machinery and equipment made between 17 September 2020 and 30 September 2021. Read TaxNewsFlash
Accordingly, companies that purchase qualifying machinery and equipment can receive a rebate equal to the amount of PST paid through March 2022. However, PST invoiced before the 31 March 2022 deadline but paid after that date does not qualify for the rebate.
Source KPMG
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