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Holding Companies — Prepare for New GST/HST Rules

Holding Companies — Prepare for New GST/HST Rules

Businesses with partnerships and trusts in their structures will be affected by Finance’s recently proposed GST/HST rules, released on May 17, 2019.

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Businesses with partnerships and trusts in their structures will be affected by Finance’s recently proposed GST/HST rules, released on May 17, 2019. Under these proposed rules, partnerships and trusts used as holding vehicles may be able to claim input tax credits for expenses related to operating corporations they own, in certain limited circumstances.

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