Updated May 24, 2021.

As announced in late April 2021, and available to British Columbia businesses only, the BC Government has opened two new programs.

These are the BC Increased Employment Incentive and the BC PST Rebate on Select Machinery and Equipment.

The BC PST Rebate on Select Machinery and Equipment is a temporary provincial sales tax (PST) program to help corporations recover from the financial impacts of COVID-19.

The rebate acts like a refund but is separate from the existing PST refund process. Under this temporary program, corporations can apply to receive an amount equal to the PST they paid between September 17, 2020 and September 30, 2021 on qualifying machinery and equipment. See the link above for more information.

The BC Increased Employment Incentive is open to all BC employers, whose eligible payroll between October 1 to December 31 2020 exceeded that paid in the base period of July 1 to September 30, 2020. A credit of 15% will be paid out on the difference. See the link above for more information.

The simplest way to apply is through the eTax BC account, which the employer would already have if they collect PST or pay the Employer Health Tax.

By / Published On: May 24th, 2021 / Categories: COVID programs / Tags: /