Investment Plans Must Obtain Investor Percentages by October 15, 2024 – GST/HST and QST Alert

• Distributed investment plans (DIPs) that are selected listed financial institutions (SLFIs) must obtain investor percentages to calculate GST/HST and QST liabilities
• Exchange-traded funds (ETFs) and exchange-traded series are excluded from this requirement
• Investment plans must make written requests to investors and securities dealers for information
• Information required varies based on the type of investor, such as institutional investors, distributed investment plans, selected investors, securities dealers, and qualifying investors
• Institutional investors with investments of $10,000,000 or more must provide investor percentage and number of units held
• DIPs must provide investor percentage and number of units held
• Selected investors must provide business address and number of units held
• Securities dealers must provide number of units held by clients in participating provinces and in Canada
• Qualifying investors must provide investor percentage and number of units held, and notify DIP of their status
• Deadline for action is October 15, 2024.

Source: pwc.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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