BC HST Referendum success for the Yes side

The Yes side meant scrapping the HST and returning to the PST/GST system. According to Elections BC,

The final results are:

% of valid votes voting Yes	54.73%
% of valid votes voting No	45.27%

At a news conference on August 26, 2011 after Elections BC announced the referendum results, BC Finance Minister Kevin Falcon announced that the former PST permanent exemptions would return in about 18 months time when the PST is reinstated. The PST rate will also be set at 7%, which is what it was before BC's HST fiasco.