Re: ORV Registration
Here's the reply I got today regarding the PST
As a general matter, please see Notice 2013-011 - Notice to Off-Road Vehicle (ORV) Owners.
As indicated on page 1 of the Notice:
You must pay PST on ORVs you purchase, lease or receive as a gift in BC, and ORVs you purchase, lease or receive as a gift outside BC and bring into the province, unless a specific exemption applies.
The PST applies regardless of whether or not the ORV is required to be registered.
As indicated on page 2 of the Notice:
For ORVs acquired or brought into BC before July 1, 2010, the 7% provincial sales tax (SST) applies. You must self-assess the tax payable using the FIN 405 - Casual Remittance Return and include a copy of the bill of sale with your payment.
Please note: If you purchased an ORV in BC or brought it into BC before July 1, 2010, and did not pay PST at the time of purchase or bringing it into BC, you will not be required to pay the PST at the time of registration. Instead, you should contact us to arrange payment of the PST.
The important date here is the date that you brought the ORV into British Columbia (not the purchase date). However, you indicate that the ORV was brought into British Columbia in 1998, apparently very soon after purchase. Consequently, you are not required to pay PST to the Autoplan/ICBC agent when you register the ORV, as it was brought into the province prior to July 1, 2010. At the time of registration, you will be required to provide a verbal declaration that the ORV was purchased and/or brought into British Columbia prior to July 1, 2010.
You must self-assess and remit the PST due on the purchase price of the ATV at the time that you purchased it at the out-of-province location, less depreciation (please see Bulletin PST 310 - Goods Brought Into BC for information on depreciation rates – please note that the maximum depreciation on goods brought into BC from out of province is 50%). You may remit the PST due using FIN 405 - Casual Remittance Return. If you do not have the original bill of sale, the amount that you declare may be the original purchase price that you paid, to the best of your recollection.
Please read it and use the links to get the real goods, not somebody's ' I think it's this '.
Growing old is unavoidable. Growing up is highly overrated....