Businesses across many industries will be affected by recent GST/HST changes.
Many previously proposed GST/HST measures, including changes to pension plan rules and drop-shipment rules, were included in Bill C-63, which was released on October 27, 2017. Although the bill includes many of the proposed GST/HST measures included in the draft legislation released on September 8, 2017 and on July 22, 2016, it does not include the proposed changes related to general partners of investment limited partnerships and the expansion of the application of the selected listed financial institution (SLFI) rules to investment limited partnerships. Also, the bill does not include any of the proposed changes to the GST/HST SLFI regulations.
The proposed changes included in the bill affect a wide range of businesses, including:
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