- The Canada Revenue Agency has delayed its revised GST/HST treatment of mutual fund trailing commissions until 1 January 2028, from the previously planned 1 July 2026.
- The new rule would treat trailing commissions as taxable supplies rather than exempt financial services, marking a major policy shift.
- The deferral followed industry consultation and is meant to give businesses more time to prepare for compliance and operational changes.
- While industry may welcome the extra time, the repeated delays have caused frustration and highlight the need for clearer, more certain implementation timelines.
Source: taxand.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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