Submitted by guest blogger Anil Kuruvilla.
On August 26, 2011, British Columbia voters decided to return to the PST/GST system. The Finance Minister, Kevin Falcon, stated that the reintroduction will take 18 months and has set a target date of March 31, 2013. Until the PST is reintroduced the HST will remain in effect at 12%. The government in the coming weeks will release more information for its plans for the PST reintroduction with its first report due on September 15, 2011.
Please see: http://www.fin.gov.bc.ca/pst-return.htm for more information.