- CRA will now delay enforcing GST/HST on mutual fund trailing commissions until January 1, 2028, instead of July 1, 2026.
- This is not a reversal: CRA still considers trailing commissions taxable under its new position.
- The delay is meant to give industry time to update systems and procedures.
- Dealers may choose to start charging GST/HST earlier and may then be able to claim input tax credits.
- Mutual fund managers, dealers, and advisors should use the transition period to prepare and ensure compliance before 2028.
Source: taxandtradelaw.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.
Latest Posts in "Canada"
- Why Builder Status Matters in CRA GST/HST Tax Audits
- CRA Updates on GST/HST Relief, Coupon Rules, and Excise Tax Changes
- HST on Sale of Renovated Property and ITC Denial
- GST Exemption for Farm Property Sale, but Prior-Period ITCs Denied
- Canada to Impose Counter-Tariffs on CAD 27.6 Billion of US Goods from 8 September 2026
