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BC Liberals would eliminate PST for a year

By Richmond Sentinel

Published 10:53 PDT, Mon September 28, 2020

Last Updated: 11:27 PDT, Mon September 28, 2020

The BC Liberals are promising, if elected, to immediately eliminate the provincial sales tax (PST) for a year, and then reduce it to three per cent in year two until the economy recovers from the COVID-19 pandemic.

“BC families and small businesses need help now,” said BC Liberal leader Andrew Wilkinson. “Countless people are still out of work, small businesses are facing bankruptcy, and the public health threat fro COVID-19 is still very real. Eliminating PST puts more money in people’s pockets, stimulates growth for struggling small business, and helps British Columbians who are struggling to get by. This is a vital step to rebuild our economy.”

The BC Liberals say under the proposal a family of four earning $60,000 per parent will save $1,714 in the first year alone, followed by an additional $979 in the second year. The estimated cost of the initiative would be $6.8 billion in the first year and $3.9 billion in the second.

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