Delayed tax measures go into effect on April 1
Two planned tax changes that were delayed due to the COVID-19 pandemic will go into effect on April 1, 2021.
The tax changes include the elimination of the provincial sales tax (PST) exemption for carbonated beverages that contain sugar, natural sweeteners or artificial sweeteners, and the addition of new PST registration and collection requirements for e-commerce businesses located outside B.C.
Starting April 1, B.C. will begin charging PST on sweetened carbonated beverages, a move that is supported by health professionals due to the health costs and impacts of sweetened drinks. The PST will apply to all beverages that are dispensed through soda fountains, soda guns or similar equipment, along with all beverages dispensed through vending machines.
All sellers of digital software and telecommunication services will be required to collect PST on sales to B.C. customers if they have B.C. revenues of more than $10,000. As part of these new requirements, beginning April 1, all Canadian sellers of vapour products will be required to register to collect PST on all online or mail-order sales to B.C. customers.
As B.C. businesses work to transition to a post COVID-19 economy, government will open applications for two tax benefits to support businesses. These tax benefits include a temporary PST rebate on select machinery and equipment, and a refundable tax credit for employers, which encourages the creation of new jobs for B.C. workers or increases in payroll for existing low- or medium-income employees.
Applications will open in the coming weeks.
These programs were announced as part of StrongerBC: B.C.’s Economic Recovery Plan.
For more information on the B.C. Increased Employment Incentive, visit: https://www2.gov.bc.ca/gov/content/taxes/employer-health-tax/employer-health-tax-overview/increased-employment-incentive
For more information on PST rebate on select machinery and equipment, visit: https://www2.gov.bc.ca/gov/content/taxes/sales-taxes/pst/rebate-machinery-equipment
Learn more about tax information for businesses: https://www2.gov.bc.ca/gov/content/taxes/tax-changes/budget-changes
Tue, Apr 13, 2021 at 9:00 am - Doug Smith posted on their blog: Dewdrop Ridge – Battle Bluff Route
Sat, Apr 10, 2021 at 10:24 pm - Arjun Singh posted on their blog: Late evening musings on one of Kamloops’ Council’s critical responsibilities…
Sat, Apr 10, 2021 at 9:00 am - Doug Smith posted on their blog: Tranquille Hills Hike – Kamloops Trails
Wed, Apr 7, 2021 at 8:30 am - Doug Smith posted on their blog: On the Savona to Sabiston Trail in March
Tue, Apr 6, 2021 at 3:33 pm - David Suzuki posted on their blog: Protecting the planet can prevent pandemics
Sun, Apr 4, 2021 at 8:00 am - Doug Smith posted on their blog: Hiking Rabbit Island in March
Thu, Apr 1, 2021 at 9:00 am - Doug Smith posted on their blog: Siphon Draw to Flatiron Summit
Tue, Mar 30, 2021 at 5:19 pm - David Suzuki posted on their blog: Supreme Court decision puts Canada on right track for carbon pricing
Mon, Mar 29, 2021 at 9:00 am - Doug Smith posted on their blog: On Tranquille Ridge – Kamloops Trails
Fri Apr 9 to Sat May 8 KSO Presents: Charlie Parker w/ Strings
Sat Apr 17 No Instruments Required
Fri Apr 23 to Sat May 22 KSO Presents: Voilà Viola!
Sun Apr 25 A Celebration with ZZ Top (New Date)
Thu Apr 29 Artist Coffee – Virtual Meet Up
Wed May 5 Renovate Smart Kamloops Virtual Home Energy Performance Workshop
Sat May 15 A Virtual Choir Spring Fling
Thu May 27 Artist Coffee – Virtual Meet Up
Sat May 29 Amadeus
Tue Jun 8 Renovate Smart Kamloops Virtual Home Energy Performance Workshop
Sat Jun 12 New Music for Piano and Viola
Thu Jun 24 Artist Coffee – Virtual Meet Up
Thu Jul 1 to Tue Aug 31 Music in the Park
Wed Jul 14 Renovate Smart Kamloops Virtual Home Energy Performance Workshop