Eligible corporations must submit their application for the British Columbia PST rebate on select machinery and equipment by October 3, 2022 (instead of September 30, 2022), as the original deadline falls on the National Day for Truth and Reconciliation (which is a federal statutory holiday). Under this temporary rebate, qualifying corporations that purchased select goods and paid the PST between September 17, 2020 and March 31, 2022 are eligible to receive a rebate equal to the PST they paid. Note that British Columbia has confirmed that PST invoiced before March 31, 2022 but paid after that date does not qualify for the rebate.
For more information, contact your KPMG adviser.
Information is current to September 5, 2022. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500
