Help › Learn › Do the PST return (British Columbia)
Do the PST return (British Columbia)
British Columbia’s return. The Tax page works it out from the books. It is filed on the province’s own dates.
In the books, the Wizard walks this task beside you and ticks each step from the books as it lands.
Read the return the app has worked out
Every sale of the period has been adding to this page as it was recorded. Read the figure as it stands: the provincial tax charged on the society’s sales in the province. PST is simpler than GST in one way.
Tax the society pays on its own costs is never claimed back. It stands in the cost, so no credit rides on this return. What stands here is what the period owes the province. Tax collected is the province’s money from the moment it was charged.
It never counts as revenue of the society.
(Done on the Tax page.)
Send the return to the province
Filing happens with the province, not in this app. In BC it is done in eTaxBC, the province’s own service: sign in, open the PST return for the period and enter the one figure — the tax the period collected, as the Tax page states it.
Send it on the province’s own schedule. eTaxBC answers with a confirmation, and the next step records it. This step is done in the world.
(Done on the by hand page.)
Record the filing in the books
Add the record on the Governance page, as a Filing. Name the return and its period. Give the day it was filed and the confirmation eTaxBC gave, in the record’s confirmation field. The settlement, recorded next, is the money.
This record proves the return went in, and the Tax page shows it among the year’s filings.
(Done on the Governance page.)
Record paying the province, or the refund arriving
If the period owes, the society pays the province as it pays any other bill, and records the payment when it leaves. It belongs against the PST this return charged, not against a cost category. If the province sends money back, record it when it lands, as money in.
The payment is put against this return — the same way the federal settlement is put against its own.
(Done on the Pay money / Receive money page.)
See the provincial balance stand clear
After the payment, the balance of provincial tax collected should stand at what the society owes now. Most times that is nothing, until the next period starts adding up. Read it here. Where a balance will not clear, a figure in the period is wrong.
(Done on the Tax page.)