Tax memo: B.C. votes to extinguish HST

On August 26, 2011, Elections BC released the results of the Harmonized Sales Tax (HST) referendum, in which 54.7% of voters favoured revoking the HST and reinstating the B.C. Provincial Sales Tax (PST). After the results were released, British Columbia’s Ministry of Finance announced its plan for reinstating the PST, with a target date of 18 months (March 31, 2013). Read this Tax memo to get a summary of what happened and to learn the effects on your business.