The B.C. government forecasted a record ~$13 billion deficit in its 2026 provincial budget that was released earlier this year. The budget included proposed changes to various legislation, included an expanded Provincial Sales Tax (PST) to several new professional services, including accounting, tax filing, and bookkeeping services. The new rules are proposed to be effective on October 1, 2026. If enacted, providers of such professional services will need to collect BC PST at 7%.
The proposed rules are broad and will include most of the main services that CPA firms commonly provide to their clients, including the services provided by Rise CPA. Generally, accounting services provided in B.C. to a person who resides, ordinarily resides, or carries on business in B.C. are subject to PST. Accounting services provided outside of B.C. but relate to B.C. real property or transactions are still generally subject to PST.
The legislation is in draft form and is still subject to change. We will provide an update as soon as additional information is available.
Should you have any questions or concerns, please contact your Rise Advisor.
Your Business. New Heights.
Rise CPA provides professional accounting, tax and business advice to help you make the right decisions at the right time. Since 1979, we’ve been helping clients create businesses and lifestyles they envision by delivering expert insights and financial guidance. At Rise, we excel at advising business owners and their families in a caring and personal way. Our services cover a wide range of Tax Planning, Auditing, Accounting, Estate Planning, and Business Advisory. Please call (604) 936-4377 or use the online contact form to book an appointment with one of our accounting professionals.
