- Quebec is postponing the GST/HST and QST change for mutual fund trailing commissions.
- GST/HST will apply to these commissions only for services provided on or after January 1, 2028, instead of July 1, 2026; QST will follow the same postponement.
- Early implementation is still allowed, and brokers who charge the taxes before January 1, 2028 may claim ITCs/ITRs on related inputs.
- Until January 1, 2028, Revenu Québec will require brokers claiming ITCs/ITRs for these inputs to have collected and remitted the applicable taxes.
- Some brokers may need to register for GST/HST and QST.
Source: revenuquebec.ca
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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