- Starting July 1, 2026, mutual fund dealers in Canada must collect GST/HST on trailing commissions.
- The CRA has changed its longstanding position, now considering these commissions as taxable supplies.
- This change may affect mutual fund dealers’ decisions on the timing of major capital property purchases.
- Quebec has not yet announced if it will apply the same rule for QST.
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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