Summary of Provincial Budgets 2024: Ontario & Quebec
Provincial governments are slowly unveiling their provincial budgets outlining fiscal strategies ...
In order to address the impacts of COVID-19 outbreak on businesses, the BC Government added a temporary rebate program to its directory of COVID incentives and introduced a provincial PST rebate program, which allows the refund (rebate) of PST paid during the period September 17th, 2020 and March 31st, 2022 on qualifying machinery and equipment.
Benefits like these may be instrumental in giving the companies not just a short-term recovery, but also a long-term growth in setting up or growing their businesses.
While it is important to talk about the coverage of the program, it is equally crucial to keep a check on items which are outside the ambit of the program, which are as follows:
The scheme provides a few examples as well to explain and better understand how and when rebate would and would not apply for different businesses.
As this is a time-bound scheme and the final deadline will arrive before you know it, it may require some efforts to identify the eligible items and file the right application at the right time.
At Leyton, we are team of dedicated sales tax experts and have assisted various business in claiming these refunds/rebates from the Government with our end-to-end approach.
If you want to know more about our sales tax services, reach out to our experts today.
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