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Ottawa, February 17, 2012
2012-017

Archived - Department of Finance Announces Transitional Rules for the Elimination of the Harmonized Sales Tax in British Columbia

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The Department of Finance today proposed transitional rules for the provincial decision to eliminate the Harmonized Sales Tax (HST) in British Columbia (BC), which combines a 5 per cent federal component with a 7 per cent provincial component.

On August 26, 2011, the BC government announced its intention to eliminate the HST by March 31, 2013. The proposed transitional rules specify how and when the BC component of the HST would cease to apply to transactions that straddle that date.

The attached document provides details of the transitional rules that will be proposed to be enacted in the Excise Tax Act and made in its related regulations. References in the document to an “Announcement Date” should be read as referring to today’s date. The document does not provide descriptions of any provincial measures that may be proposed to be enacted by BC in relation to the reinstatement of the provincial sales tax (PST). The document should therefore be read in conjunction with any transitional rules for the reinstatement of the PST released by BC.

Any comments on the attached proposals may be submitted by March 19, 2012 to:

Tax Policy Branch – Sales Tax Division
Department of Finance
140 O’Connor Street
Ottawa, Ontario
K1A 0G5

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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