The Presidents of BC’s four research universities were pleased to learn of the Government of British Columbia’s decision to provide a new provincial HST rebate for universities.
This decision means universities will not pay any more provincial HST after harmonization than they currently pay in Provincial Sales Tax. Eligible universities will receive a rebate of 75 percent.
“This action on the HST rebate underscores the government’s commitment to post secondary education in British Columbia,” said Stephen Toope, UBC President and Chair of the Research Universities’ Council of British Columbia. “This policy decision will ensure that post secondary institutions will continue to have the resources necessary to provide quality education, leading edge research and excellent services to students.”
The Research Universities’ Council of British Columbia (RUCBC) represents the interests of the four public research-intensive universities in British Columbia.