Help available for Golden business PST transition

The province and the BC Chamber of Commerce are encouraging businesses to start preparing now for the transition back to the PST.

Although it is months away, the Province of British Columbia and the BC Chamber of Commerce are encouraging businesses to start preparing now for the transition back to the Provincial Sales Tax (PST).

In a recent survey conducted by the BC Chamber of Commerce, in which 907 businesses provincewide took part, it was revealed that 63 per cent of businesses do not feel prepared to make the transition on April, 2013.

“There are many PST resources now available that B.C. businesses need to avail themselves of and be made aware of,” said John Winter, president of the BC Chamber of Commerce. “Many new businesses in B.C. have ever collected the PST, and need to be brought up to speed so that consumers are not negatively impacted at the cash register come April.”

More than 100,000 business will need to register to collect the PST, and about 30,000 of those are new businesses that have only existed under an HST tax system. They will need to learn to administer the PST in tandem with the GST, and adjust their accounting and administrative systems and prepare to collect a second sales tax.

During a recent trip by the Minister of Small Business, Naomi Yamamoto, to Golden, several small business owners expressed their concern with the additional administrative efforts associated with the return of the PST.

The province is already reaching out to businesses to help them prepare for the change. November saw six special seminars covering the general principals of the PST and eTaxBC, and new online service that will make administration of the sales tax easier for businesses. More are currently under development.

Several other tools are also being made available. Businesses can book one-on-one consultations with a ministry tax specialist. They can call a toll-free number (1-877-388-4440) to ask questions, or send them to CTBTaxQuestions@gov.bc.ca.

Letters were also mailed out to more than 160,000 B.C. businesses in late September advising them how to get the necessary information about the PST. The government has also been working closely with the BC Chamber of Commerce.

“There is a tremendous opportunity for Chambers of Commerce to work co-operatively with the provincial government to make sure this knowledge gap is filled,” said Winter. “Together we can ensure that the coming transition is a smooth one.”

More information about the transition can be found at www.PSTinBC.ca.

 

Just Posted

Expect delays on Highway 1 west of Golden due to vehicle fire

Expect delays while driving Highway 1 between Golden and Revelstoke. Drive BC… Continue reading

Your weekly Mountain Minute

Golden’s weekly 60-secon news recap for February 14

Biologists discover another female calf in depleted South Purcell Mountain Caribou herd

Calf will be moved to Revelstoke maternity pens, then released

King and Spring return to Golden this weekend

The Snow King and Lady Spring return to the Valley this weekend,… Continue reading

Find out what the Golden community is up to

I hope that this column finds you someplace cozy and warm and… Continue reading

VIDEO: Canada’s flag turns 54 today

The maple leaf design by George Stanley made its first appearance Feb. 15, 1965

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Plecas won’t run in next election if B.C. legislature oversight reforms pass

B.C. Speaker and Abbotsford South MLA says he feels ‘great sympathy’ for Jody Wilson-Raybould

Workshop with ‘accent reduction’ training cancelled at UBC

The workshop was cancelled the same day as an email was sent out to international students

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

Avalanche control planned tomorrow on Highway 1

The highway will be closed in the morning east of Revelstoke

Judge rules Abbotsford home must be sold after son tries to evict mom

Mom to get back down payment and initial expenses

Trump officially declares national emergency to build border wall

President plans to siphon billions from federal military construction and counterdrug efforts

Snow turns to slush, rain as it warms up across B.C.’s south coast

Some areas are already covered by more than half a metre of snow following three separate storms

Most Read