posted March 12, 2013
As you know, April 1, 2013 British Columbia scraps the 12% harmonized sales tax (HST). At that time, B.C. will return to collecting both provincial sales tax (7% PST) and goods and services tax (5% GST). This decision requires some changes to what taxes the College must legally bill you for and transfer to government.
We’ve reviewed our requirements carefully and, in addition to our own research, we have worked with external tax consultants who agree that our approach is correct. The guiding rule is that HST is applied to anything payable (due) or paid before April 1, 2013. Anything paid after March 31, 2013, and wasn’t due before April 1, 2013, is subject to GST. Here is a table that gives a summary of the tax rules:
CRNBC’s renewal fees are due March 1. Sometimes these fees are not paid on time. To help explain how the new tax rules may apply to you, we’ve included some examples below.
If you are a non-practicing registrant, a student, a temporary registrant, or registering for a half-year, e.g. after August 31, 2013 you will pay 5% GST when you pay for your registration and will continue to pay GST for each subsequent renewal.
If you are applying for exams or registering for a learning event and pay before April 1, 2013, you will pay 12% HST. The same purchase made after April 1, 2013 includes 5% GST.
If you would like detailed information, take a look at a question and answer form developed by the Canada and Revenue Agency (PDF). You may also find of interest a recent article published by KPMG.