What Is British Columbia's GST Rate?


Quick Answer

As of July 2015, the goods and services tax rate is 5 percent in British Columbia, according to the Retail Council of Canada. This rate is the same for all other provinces without a harmonized sales tax and is paired with a 7 percent provincial sales tax.

Continue Reading
Related Videos

Full Answer

The GST applies to most goods and services sold in or imported into Canada, according to the Canada Revenue Agency. Basic groceries, agricultural products, prescription drugs and associated dispensing fees, and medical devices are taxed at 0 percent. Some goods and services are fully exempt, including long-term residential accommodation and associated condominium fees, most health-related services, child care services, travel tolls, and legal services. Other exemptions include legal aid, select items and services from not-for-profit organizations and government entities, and certain educational, financial and insurance services.

Learn more about Investing

Related Questions