On April 1, 2013, B.C.’s HST will disappear.
HST means Harmonized Sales Tax. It is a 12 % tax.
B.C. will now have two taxes: the GST (5%) and the PST (7%).
GST means Goods and Services Tax. PST means Provincial Sales Tax.
Some prices will go up: beer and making film and TV shows, for example.
Some prices will go down: bikes and appliances such as fridges, for example.
Some prices will stay the same: pet food and electronics such as TVs, for example.
Adapted from The Province
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