Reporting and paying PST
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Effective December 20, 2021, you must verify your customer’s eligibility for an exemption and obtain a signature from your customer when you make tax-exempt sales to eligible First Nations individuals and bands on First Nations land. For more information on documentation procedures, see Exemptions for First Nations (Bulletin PST 314) (PDF).
Reporting and paying tax means filing a tax return and paying the government the tax you charged on your sales and PST you owe on the purchases you made to run your business.
You must report and pay to us all PST and municipal and regional district tax (MRDT) you have charged, whether or not you have actually collected it from your customer. This includes tax you may have charged incorrectly, such as:
- At an incorrect rate (for example, you charged 10% PST on general goods instead of 7%)
- On a non-taxable good or service
Note: Your customer may be entitled to a refund of the tax they were incorrectly charged. See PST Refunds (Bulletin PST 400) (PDF) for more information.
Report and pay options
You have the following options for reporting and paying PST and MRDT (if applicable):
If your business has $1.5 million or more in total Canadian sales and leases in the last 12 months, you must file your tax returns and pay your taxes electronically.
Your completed tax return and payment must be received on or before the last day of the month following the end of the reporting period.
If the due date falls on a weekend or a B.C. statutory holiday, your tax return and payment are due the first business day following the due date.
If you’ve signed up for an eTaxBC account, you’ll receive an email from us when your return(s) are ready. You won't receive a paper return. You can log on to eTaxBC 24 hours a day, 7 days a week to report and pay your taxes. This is the easiest and fastest way to report and pay.
If you report and pay tax in person or by mail, you will receive a paper return from us when it’s time to report and pay your taxes. If you don’t receive your return in time, you can complete a blank form:
- Provincial Sales Tax Return (FIN 400) (PDF)
- Municipal and Regional District Tax Return (FIN 401) (PDF)
Guides to completing your tax return
For information on how to complete your tax return, see the following guides:
If you are registered for PST and report and pay on time, you are entitled to receive a commission of up to $198 per reporting period. The amount of commission you’re entitled to is calculated on your PST return.
If you have more than one PST account, you may claim commission for only one account. There is no commission available for the collection of MRDT, and it must be reported separately from the PST.
When we process your PST registration, we assign you an ongoing reporting period that starts the first day of the month you apply to register. If you’re required to be registered but don’t apply, your filing period is monthly.
You must follow your assigned reporting period when you report and pay your taxes.
The following chart shows how we generally determine ongoing reporting periods.
|PST collectable per year||Ongoing reporting period|
|More than $12,000||Monthly only|
|More than $6,000 up to $12,000||Monthly or quarterly|
|More than $3,000 up to $6,000||Quarterly or semi-annual|
|$3,000 or less||Quarterly, semi-annual or annual|
If you collect MRDT, your reporting period will be the same as your PST reporting period.
If the amount of PST you regularly collect changes, we may adjust your ongoing reporting period and notify you by letter. You can also ask us to change your reporting period but we'll base our approval on the amount of PST you regularly collect.
If you have accounting periods that don't match calendar months (e.g. 13 accounting periods within a fiscal year), you may request reporting periods that match your accounting periods once you're registered for PST.
Contact us if you want to make any changes to your assigned reporting period.
If you sell liquor, your initial reporting period will be monthly and your ongoing reporting period will be determined based on your taxable sales amount per month after a six-month period. Refer to the table below to determine your reporting period.
|Taxable sales per month over a previous six-month period||Ongoing reporting period|
|More than $3,000||Monthly|
|More than $1,001 up to $3,000||Monthly, or your choice to move to quarterly|
|$1,000 or less||Quarterly|
If you’re a new licensee, you’ll be put on a monthly reporting period until you have a six-month history of reporting.
If you’re a new liquor seller registrant taking over an existing business that sold liquor that was on a quarterly reporting period, or qualified for a quarterly reporting period, you’ll be put on a quarterly reporting period.