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HST changes announced for BC

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Uploaded by on May 25, 2011

British Columbia plans to reduce the total HST rate to 10 per cent from 12 per cent in two stages. All BC families will on average, pay less on their routine expenditures under the 10 per cent HST than going back to the PST and GST. To help offset the costs of the HST before the rate reduction in 2012, one-time transition cheques of $175 per child would be issued to families with children under 18 years old. In addition, low- and modest-income seniors will receive a one-time transition cheque of $175.

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