The British Columbia government allows incorporated professionals and other businesses to apply for a 100 per cent rebate of PST paid between September 17, 2020, and March 31, 2022 (“Eligible Time Period”) on purchases or leases of select machinery and equipment.
Eligibility
You must be incorporated to be eligible.
Assets eligible for the rebate include machinery and equipment, tools, appliances and furniture, computer hardware and software, and zero-emission vehicles.
Excluded Property consists of vehicles (other than zero-emission vehicles), goods purchased to be installed as an improvement to real property, and goods purchased for resale by a small seller.
What you need to apply
You’ll need all receipts and invoices between September 17, 2020 and March 31, 2022 with proof of the payment of PST on qualifying machinery and equipment.
Fill out the B.C. PST Rebate on Select Machinery and Equipment Purchase Schedule (Excel, 20.7KB) to help ensure that only qualifying purchases and leases are included in your application. You may be required to provide a copy of the completed schedule as part of your rebate application review.
Retain your receipts and invoices in case you are audited.
Applications can be made online below. Please contact your PJ&A advisor if you require any assistance.
https://www2.gov.bc.ca/gov/content/taxes/sales-taxes/pst/rebate-machinery-equipment
