British Columbia’s rebate period on select machinery and equipment was created to help corporations recover from the impacts of COVID-19. Taxpayers now have until September 30, 2022 to apply for the rebate on their provincial sales tax (PST) paid between September 17, 2020 and March 31, 2022. Qualifying machinery and equipment include those “that are considered capital assets. Generally, this means the asset may be capitalized for accounting purposes.” The rebate also applies to PST paid on leases of qualifying machinery and equipment. If PST is invoiced prior to the deadline but paid after March 31, 2022, it will not qualify for the rebate. (British Columbia, effective immediately)