BC HST Repeal

Everything Businesses Need To Know About The BC HST Repeal

bc hst repealOver the past three weeks we have been releasing articles focusing on the upcoming BC HST repeal on April 1, 2013 and what business owners in the province of British Columbia need to start thinking about beforehand. I am very grateful to have Mike Boven, commodities tax expert from BDO Canada, lending his expertise to help the various types of businesses make sense of the confusion that comes along with this process.

Each point below has a full length article to explain some of the most important factors impacting businesses during the BC HST repeal process. Not every article… Continue reading

What The Construction Industry Needs To Know About The BC HST Repeal

bc hst repealThis is the final article in the BC HST repeal series featuring commodities tax expert Mike Boven from BDO Canada.

In preparation for the upcoming BC HST repeal, there is one particular rule that addresses construction contracts that the industry needs to be aware of immediately. It mirrors a rule that was in place under the old social services tax that was actually more of a policy or a bulletin, you could say.

When someone is doing a renovation or constructing a building for you, the building itself is going to be considered real property. It’s land and… Continue reading

What Small Business Owners Need To Know About The BC HST Repeal

bc hst repealWe are fortunate to have Mike Boven, commodities tax expert from BDO Canada, joining us again to go into further detail regarding the upcoming BC HST repeal and what it means to the average business. If you aren’t in retail, what should you be doing to ensure you are following the transitional rules?

Then To Now – What’s Changed

Back on July 1st, 2010, if you were a service business doing an invoice for August 1st and the client hadn’t been invoiced for a number of months you had to try and figure out how much… Continue reading

BC Businesses Should Buy Equipment Before April 1

bc hst repeal I’m fortunate to have Mike Boven, commodity tax expert from BDO Canada, joining me again to discuss some of the implications of the upcoming BC HST repeal and what it means for business owners in the province of British Columbia. Be sure to check out the other articles in the series to get a full grasp on how you need to prepare before April 1, 2013.

What The BC HST Repeal Means For Expenses

For example’s sake, let’s say you’re the type of business that can claim a full-input tax credit for HST on everything you buy and you… Continue reading

Details For BC Business Owners Registering For PST

bc hst repealThis is the third article in the BC HST repeal article series featuring Mike Boven, commodity tax expert from BDO Canada.

If you own a business in British Columbia and aren’t yet informed on what to do once the BC HST repeal kicks in, you need to start thinking about the transition right now. For those businesses that are involved in the sale of things that are subject to PST, they are going to have to register as a separate vendor for provincial sales tax purposes.

The sort of things that are subject to our provincial sales tax is typically… Continue reading

What Every Retailer Needs To Know About The BC HST Repeal

bc hst repealThis is the second edition in our BC HST repeal article series with Mike Boven, commodity expert from BDO Canada

Any retailer that was open when the change first happened has an idea of the nuisance that is coming with the BC HST repeal…reprogramming cash registers. There are no bones about it; the process is going to be a painful one.

All the retail businesses in British Columbia had to have their cash registers and computer systems reprogrammed effective July 1st 2010 and now they have to have them reprogrammed again effective April 1st 2013, the… Continue reading

BC HST Repeal: How We Got Here & Where We Are Headed

bc hst repealWhether you like it or not, the BC HST repeal is set to take place on March 31, 2013 and you need to be prepared to make the changes once the clock strikes midnight (especially those with cash registers).

Before we dive into the details of the BC HST repeal, you need to understand the context via a short history of the commodity tax picture in British Columbia. I brought in Mike Boven, a commodity tax expert with BDO Canada, to discuss how we got from A to B in this special BC HST repeal article series.

How The… Continue reading

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