Provincial Sales Tax (PST)

Provincial Sales Tax (PST) is a consumption tax imposed by a province on the sale of certain goods and services within that region. It is added to the purchase price at the point of sale and collected by the retailer, then remitted to the provincial government. PST rates and applicable items vary by province. It differs from the federal Goods and Services Tax (GST) and can influence the final cost of products, impacting consumers' expenses and business pricing strategies within the province.