- Canada’s 2025 federal budget projects a $78.3 billion deficit for 2025-26.
- New measures target “carousel fraud” involving unremitted GST/HST.
- A reverse charge mechanism (RCM) will be introduced, starting with telecommunications.
- Stakeholders are invited to provide feedback on the proposals by January 12, 2026.
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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