COVID-19 pandemic.In a 31-page report released Wednesday, the BCBC says temporarily slashing the PST in half would encourage consumer spending and provide a “well-timed lift to retailers across the province.”Dawson City Mayor Dale Bumstead says a cut to the PST would help “keep spending local.”The report says slashing the tax would also support capital investment.
It goes on to say the two years the cut will be in effect can be used to transition from a provincial sales tax to a value-added tax.Rather than a return to the harmonized sales tax, the BCBC says the province could develop a value-added tax that “captures a wider array of goods or services, including fast-growing digital and other online services, compared to the narrow and.