HST reduced to 10%

The Provincial government has just announced its plan to reduce the HST rate from 12% to 10%. This will be done in a two-step process cutting the provincial portion by 1% on July 1, 2012 and another 1% on July 1, 2014.

For more information click on the Ministry of Finance information bulletin:

http://www2.news.gov.bc.ca/news_releases_2009-2013/2011FIN0051-000598.htm