CRA to Apply GST/HST to Mutual Fund Trailers in 2028

Mutual fund dealers, advisors, and fund managers have 18 months to make the necessary changes to comply with the Canada Revenue Agency’s (CRA) enforcement of GST/HST on mutual fund trailing commissions. The CRA has announced that enforcement will begin on January 1,...

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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