Classify the supply and purchase
The ordinary GST rate is 5% for taxable B.C. supplies, while PST is generally 7% where applicable. Registration, exemptions, supply type and destination still matter. A Surrey address does not determine every transaction’s treatment.
We separate tax collected, supported GST input tax credits, PST paid on purchases and items needing review. PST is not a GST input tax credit. Resale or other exemptions require the relevant evidence rather than a blanket supplier setting.
Prepare for dated changes
Taxable accounting services, including bookkeeping, enter the PST system on October 1, 2026. Transitional treatment depends on when consideration is paid or due and the service period. We preserve those facts and use the current provincial guidance instead of treating the invoice date as the only test.
Illustrative example: a supplier’s own equipment
A Surrey wholesaler buys equipment for its office as well as goods intended for resale. Separating those purchases prevents a resale code being applied automatically to everything from the same vendor. The resulting tax accounts can be traced to the supporting invoice and purpose.
Questions about this work
Can PST paid on purchases reduce GST owing?
It is not a GST input tax credit. The accounting and any PST exemption or refund treatment need their own review.
Does every B.C. sale carry both taxes?
No. The goods or services, parties and destination must be assessed. We do not use one code for every sale.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review