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What is PST?

What is PST? Here are some definitions.

Noun
  1. Initialism of Pacific Standard Time.
  2. Initialism of Palestinian Standard Time.
  3. (finance, Canada) Initialism of Provincial Sales Tax.
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Examples
If the PST did not apply to the good that was purchased before July 2010, and it is exchanged on or after July 1, 2010 then the HST would apply on the full purchase price of the replacement good.
The PST was set up in September for the specific purpose of monitoring and directing Operation Relex.
However, the purchaser may make an application for a refund of PST for tax paid in error.
This embedded PST becomes part of the costs of the business.
You should also check to see if your province requires payment of GST, PST or HST on the purchase of your new home.
For example, although we calculate GST and PST from information given to us from counsel, we have no jurisdiction to assess such taxes or decide whether taxes are payable or not.

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