- Canada requires distributed investment plans like mutual fund trusts and investment limited partnerships to contact investors by October 15, 2025 to collect GST/HST and QST information under tax sharing regulations
- The rules create obligations for investors who must respond in writing with details based on their category, and securities dealers must also meet similar compliance requirements
- Plans classified as Selected Listed Financial Institutions must annually gather specific information from certain investors, covering various investment vehicles including mutual funds, investment corporations, and pension entities
- These plans must send written requests to investors by October 15 each year and collect all necessary details by December 31 to maintain compliance
- The information collection process helps calculate provincial attribution percentages that are crucial for managing indirect tax costs, determining tax liabilities, and ensuring accurate GST/HST and QST return reporting
Source: regfollower.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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