Home -> British Columbia -> BC Budgets -> 2020 Economic Recovery Plan
COVID-19 Action Plan - Provincial Tax Changes
BC 2020 Economic Recovery Plan - September 17, 2020
All proposals are subject to legislative approval.
BC Economic Recovery Plan - September 17, 2020 - on Government of BC website.
These are many of the business-related measures, and there are other measures involving skills training programs, child care, health care, and much more. See the link above for complete details.
The BC government is providing a 100% PST rebate on select machinery and equipment for businesses, effective September 17, 2020 until September 30, 2021 - now extended to March 31, 2022. To be eligible, a business must be incorporated. The asset purchased must be capitalized for accounting and tax purposes.
Although the description is machinery and equipment, some eligible capital assets really wouldn't be described as such, including, for instance, furniture.
All rebate applications must be received by September 30, 2022.
BC PST rebate on select capital purchases - who can apply, qualifying CCA classes, qualifying leased assets, how to apply, etc.
Revised: October 07, 2022
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