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Investment Plans — Collect Investor Information by December 31

Investment Plans — Collect Investor Information

Distributed investment plans should collect investor information by December 31, 2019


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Distributed investment plans should ensure they have collected investor information by December 31, 2019. These plans must obtain details from their investors in order to comply with upcoming GST/HST and QST obligations. Plans that do not collect the data by December 31 and that did not request the required information from their investors by October 15 may have their provincial attribution percentages increased.

Distributed investment plans rely on cooperation from their investors in order to prepare their calculations and update their systems so they can fulfill their GST/HST and QST filing obligations.

For full details on this requirement, including how it affects different types of investors and the specific details that must be requested, see TaxNewsFlash-Canada 2019-38, "Investment Plans — Act Now to Obtain Investor GST Details", or contact your KPMG advisor.

Information is current to December 17, 2019. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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