UPDATE – BC: PST rate for fossil fuel combustion systems increases
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Since April 1, 2022, the PST rate on the purchase or lease price of fossil fuel combustion systems has increased from 7% to 12%. In addition, heat pumps are exempted from PST.
The tax increase applies to heating or cooling equipment that uses fossil fuels, including central convection ovens, air heaters, fireplaces, boilers, hot water tanks, tankless water heaters and air conditioners.
The provincial government is making a tax adjustment to try to replace gas-fired stoves, fireplaces and boilers with heat pumps. The province states that heat pumps are becoming increasingly effective and that is why discounts are available for people in rural and northern communities.
Click here to read the full announcement.
The CPA will continue to work with the BC government to ensure that propane is treated as a low-carbon energy source with its climate policy frameworks and is a viable (primary) energy option for isolated or remote communities.
