IRP sets a uniform system of administering and collecting licence fees and other recurring fees and taxes from operators of commercial transportation vehicles used in more than one jurisdiction. The 7 percent BC PST still applies to vehicles operating only in British Columbia at the time of purchase or on each lease payment. For in-province carriers and carriers from other provinces that are members of IRP, CAVR, and UPA, MJT applies when purchased and leased vehicles are licensed to travel in British Columbia. Other carriers travelling in the province under a temporary permit pay MJT when the vehicle first enters.
Multijurisdictional trailers are exempt, as are repairs and maintenance and replacement parts.
Trade-ins do not reduce the tax base. There is no relief for leased vehicles. All carriers should review their files to ensure that credits or refunds are appropriate.