- The Canada Revenue Agency (CRA) has verbally announced a significant postponement of its new administrative position, which would apply GST/HST to mutual fund trailing commissions.
- Initially set for July 1, 2026, the CRA’s previous stance was that these commissions, paid by fund managers to dealers, relate to taxable asset management and advisory services.
- While the deferral offers temporary relief, businesses in the mutual fund industry should continue preparing for the eventual implementation of GST/HST on these commissions, with further details expected by the end of May 2026.
Source EY
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