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Employer-Sponsored Pension Plans Must Meet GST/HST Obligations by 31 December Deadline

  • Deadline for employers to meet GST/HST obligations for employer-sponsored pension plans is 31 December 2023
  • Employers with monthly reporting periods and a 31 December year-end must remit GST/HST and QST amounts by 31 January 2024
  • Complex rules also apply to master trusts in pension plan structures
  • Failure to remit taxes on time may result in disqualification of eligible pension rebates.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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