Mutual fund dealers, advisors and fund managers now have breathing room to implement changes needed to comply with the Canada Revenue Agency’s (CRA) enforcement of GST/HST on mutual fund trailing ...

Historically, the CRA generally took the position that mutual fund trailing commissions were GST/HST-exempt supplies. This position was notably set out in GST/HST Policy Statement P-119 (dated ...

In a new notice, the Canada Revenue Agency (CRA) says GST/HST on mutual fund trailing commissions will be enforced beginning in July, but dealers should apply the tax “as soon as possible.” In a ...

Mutual fund dealers, advisors and fund managers have a year and a half to implement changes needed to comply with the Canada Revenue Agency’s (CRA) enforcement of GST/HST on mutual fund trailing ...

Investment industry groups are pushing back against a recent Canada Revenue Agency (CRA) decision to treat mutual fund trailer commissions as being subject to GST/HST, which reverses the agency’s ...

It is well known that a GST/HST-registered person can purchase certain types of commercial real property without paying GST/HST to the vendor. Under subsection 221(2) of the Excise Tax Act (Canada) ...

Many Canadians rely on government payments to help manage household expenses, including GST/HST credits and, for eligible Ontario residents, the Ontario Trillium Benefit. These payments provide steady ...