PST

[Eagleclassic]

Guys and Gals

New to BC just retired here last summer. We have had property in shuswap for ten years, and I would like to buy a boat to fish the chuck.

Tell me about PST,
Do I pay PST when I buy a boat from a private sale, and at what rate? I read the Gov site and it says `12% WTF PST is 7%??? Is there any way around?

Any insight would be appreciated

 

[bigbruce]

You don’t pay the PST to the seller. The Govt will eventually catch up to you when you transfer the boat registration/licence into your name.

 

[seahorse]

You can thank Christie Clark for the 12% GST on anything used that needs a plate or needs registered like a boat. Apparently you can value the used boat/hull as low as possible when you buy the boat and value the motors and electronics high on the purchase price to lower your tax bill. That’s what the purchaser of my last boat did and good on him.

 

[ziggy]

Took about 2yrs for my tax bill. This may help you.

https://www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publications/pst-108-boats.pdf