- British Columbia revised the Provincial Sales Tax Act to expand the definition of software retroactively to April 1, 2013
- The previous definition included software delivered or accessed by any means, rights to use software, and contractual rights for updates
- The updated definition now includes coded instructions for electronic devices, IaaS, SaaS, and APIs
- Effective July 1, 2024, changes were made to PST refund eligibility for goods purchased in B.C. for resale outside the province
- Refunds are not available if PST was paid at purchase without proper exemption documentation
- Buyers must provide a valid PST registration number or exemption certificate at purchase to avoid being charged PST initially
Source: bakertilly.ca
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Canada"
- CRA: Insurance Premiums Must Be Separated from Lease Payments for GST Exemption
- Navigating CRA Audits: How Canadian Companies Can Reduce Proposed GST/HST Assessments
- CRA Waives Late-Filing Penalty for Amended GST Returns Filed Before Deadline
- The Sales Tax Requirements of Selling Into Canada
- Canada Removing Tariffs for U.S. Goods Covered under CUSMA
