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Posted on
05 December 2011
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Gift Cards – Check Out These Tips!

Written by  Michelle

Gift Cards – Check Out These Tips! Sarah Parrott on Flickr

Whether its for $5 or $500, gift cards make great little stocking stuffers and are the perfect gift for those hard to buy folks.  In British Columbia, since 2008,  gift cards for a monetary value are not allowed to have an expiry date.  There are exceptions for when a gift card can have an expiry date however, such as for a specific good like a hair cut or for a mall card, where the card is good at more than one store.  If you are planning on giving a gift card this year, keep reading to see more information and tips we have about gift cards!

Some gift cards do not fall under the provincial gift card laws. This includes cash cards from major credit companies such as VISA, Mastercard and American express which have expiry dates even though they are for a monetary value. If you are giving a credit card gift card this year, remind your gift recipient that these types of gift cards can expire and will likely have fees.


Many people are now selling gift cards on sites such as Craigslist at a discounted price. Although these deals sound awesome, always remember that if it sounds too good to be true it often is. An honest seller will likely go the extra mile to make sure you feel confident that you are purchasing a legitimate card. One way to check that the card is legitimate is by meeting the seller at the location where the card can be used. This way you can have a cashier check the value of the card and it’s authenticity before handing over your cash. Always use caution when making these types of transactions.


To find out more about gift card expiry dates and fees, visit our information page about gift cards. If you have any inquiries about gift cards please feel free to contact our inquiry unit by phone at 1-888-564-9963, by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it , or on our Facebook page.

Last modified on 06 December 2011
Michelle

Michelle

Michelle works in the Consumer Protection BC Inquiry Centre.  She answers calls and emails from consumers and businesses on a wide variety of topics which makes her the perfect person to share her knowledge and experiences with you.

Comments  

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TB

16 November 2012
Do you pay tax provincial or federal on gift certificates - bought spa utopia card $300 for $200 at Costco and was charged tax is this correct
Respectfully
TB
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Tatiana

16 November 2012
Good question TB. We looked up this tax question for you. Here is what we found (quoted:

Gift Certificates and Gift Cards
Gift certificates and gift cards are vouchers that can be exchanged for a specific value of goods and are treated the same way as cash.
Do not charge PST on the value of gift certificates or gift cards you sell to your customers.
When customers redeem gift certificates or gift cards, the value of the certificate or card should be applied to the total amount of the invoice - including taxes and any environmental levies.

Need more info?
Toll free in Canada: 1 877 388-4440
E-mail: CTBTaxQuestions @gov.bc.ca

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