Dear Licensees,
The BC Ministry of Finance has asked us to provide the following information to the industry.
The Government of British Columbia has announced in the province’s Budget 2025 a change to the end date for the PST exemption on used zero-emission vehicles (ZEVs).
In Budget 2022, it was announced that effective February 23, 2022, the purchase or lease of qualifying used ZEVs were exempt from PST. The end date of the ZEV PST exemption has been amended from February 22, 2027, to April 30, 2025. PST will apply to purchases and leases of used ZEVs after April 30, 2025.
There are no changes to graduated tax rates for ZEVs.
Please refer to the resources below for definition of ZEVs, list of qualified ZEVs, PST rates and exemptions:
