KPMG Canada outlines new GST/HST and QST obligations for employers and pension plans. Employers offering registered pension plans must remit by January 31, 2026, while pension entities and master pension entities must file annual returns by June 30, 2026. The guidance also advises reviewing SLFI status and claiming eligible rebates.
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International Tax Review · 6 days ago
The interview with Deloitte Canada’s indirect tax partner highlights the significant impact of recent tariff escalations between Canada and the United States on trade and supply chains. It discusses Canada’s reciprocal tariff measures, the repeal of certain countermeasures, and the scheduled comprehensive review of CUSMA in 2026, underscoring the need for businesses to adapt to a rapidly evolving trade environment.
MPA Magazine · 10 days ago
The Canadian federal housing minister’s office retracted earlier claims that the government would cut GST on new homes for a year. The correction follows the introduction of Bill C‑26, which authorises a one‑time payment to provinces and includes a tax‑relief measure that removed the full 13% HST on new homes in Ontario up to $1 million. The measure took effect on 1 April 2026 and expires on 31 March 2027.
VatCalc · about 2 months ago
British Columbia will broaden its Provincial Sales Tax (PST) to include a range of professional services from 1 October 2026, maintaining a 7% rate that, combined with the federal 5% GST, brings the total tax on most supplies to 12%. For architectural, engineering and geoscience services, PST will apply to only 30% of the purchase price. Service providers in the new scope must register for PST and prepare to charge, collect and remit the tax, with further administrative guidance to follow.
Troy Media · about 2 months ago
Canada’s federal government has announced a one‑time top‑up to the GST credit, rebranded as the Canada Groceries and Essentials Benefit, which will increase payments by 25 % for five years starting in July 2026. The benefit will extend to 500,000 new families, potentially helping up to 12.6 million Canadians, but eligibility thresholds are low, excluding many low‑income households. The article argues that these tweaks are insufficient and calls for a larger increase in the basic personal amount to provide broader relief.
Meyka · 2 months ago
Canada’s federal government fast‑tracked Bill C‑19 on 14 February 2026, adding a one‑time spring top‑up equal to 50 % of the annual GST credit and raising the base credit by 25 % for five years. More than 12 million low‑income Canadians will receive the payment automatically via the CRA, with a family of four eligible for up to C$1,890 in 2026.
Globe and Mail · 2 months ago
Canada Revenue Agency has confirmed that independent financial advisors will now need to collect and remit GST/HST on trailing commissions from mutual fund dealers, effective July 1, 2026. The rule applies to advisors whose taxable revenue from trailing commissions exceeds $30,000, while dealer employees remain exempt. The CRA’s notice clarifies that trailing commissions are no longer considered financial services for GST purposes.
Employers offering registered pension plans must remit GST/HST and QST by January 31, 2026, under the pension plan rules.
The requirement generally applies to employers with monthly or quarterly GST/HST reporting periods and a December 31 year-end.
Pension entities and master pension entities should prepare to file annual GST/HST and QST returns by June 30, 2026.
Pension entities should review their selected listed financial institution (SLFI) status and claim any eligible pension entity rebates.
This summary was published on VATfaqs.com on 9 January 2026. It relates to VAT developments in Canada. The original source is KPMG Canada.
