Shachi Kurl.

Get ready for the return of PST

Business owners should create a to-do list as they gear up for the transition on April 1, 2013.

To many small and medium-sized business owners, it can feel as painful as a root canal, as complicated as the math required to land the Curiousity Rover on Mars and as unwelcome as the flatulent cousin who crashed on your couch last New Year’s Eve.

It is the Provincial Sales Tax… and it is coming back.

One year after a referendum that saw B.C. voters roundly dump the HST (while rightly dumping on the ham-fisted way the B.C. government introduced the harmonized tax), bureaucrats in Victoria are busily beavering away, creating a to-do list as they gear up for the transition on April 1, 2013.

It will be a time of mixed emotions for business operators. In July 2010, many were not sorry to see the back side of the PST. It was a tax with such a dizzying array of rules and regulations, a business owner often had to figure out whether or not to charge tax based on the colour or cut of the item sold – or based on who the product was being sold to. Example: Pencils sold to architects were taxable. To artists? Not so much. Why? I’m sure a tax specialist could tell you, but I can’t.

Many others saw their businesses hit when the haircuts, travel agent fees, funerals and movie tickets, previously provincial tax exempt, were now seeing an extra seven per cent added to the retail price. And all absorbed the anger, uncertainty and frustration expressed by customers dealing with a tax they hadn’t asked for, and didn’t entirely understand.

Whatever their feelings, all B.C. business owners will have to make sure they’re prepared for the change.

Here now –is some early important stuff to know. Print it out, tack it to something. And be sure to look at it before midnight on March 31, 2013.

• Depending on how long you’ve been in business, you’re going to have to register, or re-register for the PST.  Registration begins Jan. 2, 2013. That gives you to three months to get it done.

• Look for detailed instruction letters from the Ministry of Finance sometime in December, that is, if government is able to meet its own timelines.

• You can register online. You can also register by phone or fax or through the mail.

• You can also file and remit PST online once it’s all up and running.

• Those walk-in Service B.C. centres will also be a point of information, delivery and contact during the registration process.

Government swears up and down this will be a smooth transition, and you, the business owner, will have access to all the information and help you’ll need to welcome back PST. Unfortunately, the tax, and all its niggly rules, will come back in largely the way it went out.

Somewhere in B.C., a pencil salesman quietly weeps. But you won’t. Because you’ll be prepared.

Shachi Kurl is BC & Yukon Director of the Canadian Federation of Independent Business. CFIB is a non-partisan, non-profit business association that represents 109,000 independent business owners across the country, with 10,000 in BC.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

OUR VIEW: McCallum’s futile crusade against Uber is embarrassing for Surrey

Mayor’s claim that majority of residents don’t want ride-hailing is simply laughable

Surrey bylaw’s tactics with Uber drivers deemed ‘entrapment’ and ‘completely wrong’

That’s what Councillors Brenda Locke and Linda Annis had to say Monday about city staff hailing Uber drivers then issuing them warnings

South Surrey/White Rock residents snubbed on ride-hailing services

Lyft and Uber express plan to expand to peninsula once enough drivers are available

Surrey Eagles qualify for BCHL playoffs after weekend victories

Junior hockey team will return to post-season for second time in six years

White Rock council defers decision on cannabis-store applications

Delay will offer time to absorb input from Jan. 27 public hearing

B.C. reports first coronavirus in Vancouver region

First patient visited Wuhan, China, reported symptoms

Earthquake on top of highway closure a wake up call for Island’s West Coast

“When someone says, ‘Be prepared for 72 hours,’ that means exactly that: be prepared.”

Newspapers, hockey cards discovered in Mission school’s forgotten time capsule

Capsule opened in front of students from West Heights Community School

Pregnant B.C. woman stuck in Wuhan, the epicentre of coronavirus outbreak

Woman is due to give birth in Wuhan, China unless she can get out

Taxi association asks B.C. Supreme Court to stop Uber, Lyft from operating

Petition alleges Passenger Transportation Board did not take taxis into account

Majority of Canadian boards had no female members in 2016 and 2017: StatCan

Statistics Canada says 18.1 per cent of director seats were held by women in 2017

Swapping grape varieties can help winemakers adapt to climate change: UBC study

Report says 56% of wine-grape-growing regions would be lost if global climate warms by 2 C

Alberta premier wants feds to approve Teck mine for benefit of First Nations

Kenney: ‘Surely [reconciliation] means saying yes to economic development for First Nations people’

NDP suggests easing secondary housing rules for B.C. farmland

Lana Popham proposes guest homes not just for relatives

Most Read