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Tax Alert 2026 No. 30, 14 May 2026
On 13 May 2026, the Canada Revenue Agency (CRA) verbally informed various industry groups that it intends to grant a material extension to the implementation deadline for the application of GST/HST to mutual fund trailing commissions. Furthermore, the CRA stated that it will provide further details with respect to the enforcement of its administrative position in a notice that will be published by the end of the month.
The CRA had previously indicated in a recent GST/HST interpretation and a related information notice that GST/HST would apply to trailing commissions effective 1 July 2026.
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Issue No. 30, 14 May 2026
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