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Employers and Pension Plans — Meet GST/HST Obligations

Employers and Pension Plans — Meet GST/HST Obligations

Many employers must meet extensive obligations under the GST/HST and QST pension plan rules by December 31, 2018.


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Employers that offer registered pension plans to their employees, and that have monthly GST/HST and QST reporting periods with a December 31 year-end, are required to remit amounts of GST/HST (and, if applicable, QST) related to these pension plans by January 31, 2019. It is important for affected employers to closely follow the complex and changing rules related to these upcoming tax obligations to avoid costly tax errors. Specifically, employers that do not correctly report the GST/HST and QST owing in their December return due January 31, 2019 or that make other possible miscalculations could limit their pension entities' rebates. In addition, affected employers must also ensure they account for supplies related to the master trusts in their pension plan structure and also consider whether there may be opportunities to claim additional input tax credits (ITC) or rebates.

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