- Canadian government announced fiscal support measures due to U.S. tariffs
- Prime Minister Mark Carney introduced a package with indirect tax relief
- CRA offers automatic deferral of GST/HST payments from 2 April to 30 June 2025
- No application needed and no interest charged during deferral period
- Standard interest rates resume from 1 July 2025
- Businesses must file returns on time despite deferral
- Provincial tax relief measures introduced
- Quebec aligns with CRA for QST with same deferral and interest-free terms
- Manitoba offers penalty
- and interest-free deferral on RST until 20 June 2025
- Ontario allows deferral of provincially administered taxes from 1 April to 1 October 2025
- Measures aim to support businesses during economic uncertainty
- Businesses should stay informed on provincial announcements and maintain timely tax filings
Source: fintua.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.
