- CRA has delayed the GST/HST enforcement date for trailing commissions from July 1, 2026 to January 1, 2028.
- The tax will still apply earlier if dealers have already treated the supplies as taxable by claiming related input tax credits (ITCs).
- In those cases, enforcement applies from the first supply linked to the claimed ITCs.
- The revised notice suggests CRA expects lower net revenue because mutual fund managers can claim ITCs on the GST/HST charged.
Source: taxinterpretations.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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