HUB LinkedIn
HUB International TRANSPORTATION Insurance
British Columbia’s leading source of Transportation insurance solutions
When you bring your business to our TRANSPORTATION specialists at HUB International Insurance Brokers, you receive the combined power of our vast global resources and solid local relationships. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serves you best. With HUB, you can run your business knowing that you are headed in the right direction.

BCTA Multijurisdictional Vehicle Tax Requests Denied

The Province has denied two requests for revisions to the multijurisdictional vehicle tax.

The requests were sent by the BCTA on behalf of its members with a follow up letter to Peter Milburn, BC Deputy Minister of Finance, on February 18th 2014.  The requests included:

  1. Allowing a credit for tax paid on a vehicle used under a prorate agreement that was then licensed for use only in BC and subsequently returned to prorate.

(This would reflect a practice under the previous Social Service Tax Act that assessed a lower net effective tax rate for this type of vehicle.)

  1. Re-instating a Provincial Sales Tax concession for trailers used with both MJVs and vehicle licensed for use only in BC.

In the finance ministry’s view:

  1. The situation described in the first request does not constitute double taxation and allowing a credit would only provide a “greater benefit” to multijurisdictional vehicles.
  2. The concession for trailers was inconsistent with the “intent” of the SSTA rules of the time.

For more information and a copy of the letter, please refer to this BCTA article.[1]


Tia Chisholm, HUB International TRANSPORTATION

HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.

 

[1] "Province Nixes BCTA MJV Tax Requests." BC Trucking Association. BC Trucking Association, 24 Apr 2014. Web. 25 Apr 2014. <http://www.bctrucking.com/2014/04/24/province-nixes-bcta-mjv-tax-requests?mail_link=729aa07c12ee2dec53a8459520e6a61b>.

 

Request a Callback

(604) 269-1000
 

RSS Feed

Subscribe via our RSS feed

Email Newsletter

Subscribe to HUB Transportation news
 

Get a Quote

Latest News & Blog