Tax Alert: CRA Defers Trailing Commission GST/HST Changes

The Canada Revenue Agency (CRA) will significantly delay the planned July 1, 2026 implementation of GST/HST on mutual fund trailing commissions. The CRA expects to publish a formal notice with revised timelines and enforcement details by the end of May 2026. The...

FINTRAC Maximum Fines Surging Soon

Canada will sharply increase anti-money laundering penalties under new national security legislation, raising maximum FINTRAC fines by up to 40 times. The government will raise penalties for “very serious” AML violations to $20 million from $500,000, while it will...
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