- CRA plans to delay its new GST/HST position on mutual fund trailing commissions, which had been set to start on 1 July 2026.
- The agency previously said these commissions would be taxable because they relate to management/advisory services, but now says more enforcement details will be issued by end of May 2026.
- The revised effective date is still unknown.
- The delay gives temporary relief to managers, dealers, and advisors, but they should keep preparing systems, contracts, and pricing for eventual GST/HST application.
Source: ey.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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