The acronym PST refers to the provincial equivalents of the goods and services tax. PST stands for provincial sales tax, which is the applicable tax in the provinces that don’t participate in the harmonized sales tax regime but still have provincial taxes. The provinces with PST are British Columbia, Manitoba, and Saskatchewan.
On July 1st, 2013, the Manitoba government changed the PST rate to 8%. This tax rate remains 8% throughout the 2018 and 2019 tax years.
You need to make sure your small business continues to collect the 8% payment and remit it to the Manitoba tax authority. Here are three ways QuickBooks makes collecting and remitting sales tax as simple as possible for your business: