BC and PEI Changes to Sale Tax Amounts for 2013

Posted by on Mar 15, 2013 in News Updates | 0 comments

QuickBooks HST ProblemHere’s some important information for those of your that are doing business in British Columbia and Prince Edward Island.

On April 1, 2013, the provinces of British Columbia (BC) and Prince Edward Island (PEI) will be changing the way their sales taxes are administered.
In British Columbia, the 12% Harmonized Sales Tax (HST) will be replaced by the 5% Goods & Services Tax (GST) and 7% Provincial Sales Tax (PST).¹

In Prince Edward Island, the PST will be replaced by a HST rate of 14%, of which 5% will represent the GST and 9% the PST.¹
You will need to make a few changes to your existing tax codes to accommodate for these changes, but we’re here to help you through it.
Review our Support FAQs and videos on how to make the transition within QuickBooks 2013:

1. Instructions for BC updates:
Pro/Premier/Enterprise
EasyStart
Or watch the video
2. Instructions for PEI updates:
Pro/Premier/Enterprise
EasyStart
Or watch the video

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