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Canada: Reminder, investment plan information sharing required in October 2019; GST/HST compliance

Canada: Investment plan information sharing required

Distributed investment plans—including investment limited partnerships—need to collect certain ownership details from their investors before 15 October 2019 to help them comply with their upcoming goods and services tax / harmonized sales tax (GST/HST) and Quebec sales tax (QST) obligations.


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Investors must share certain information under the information sharing rules in the GST/HST and QST laws. Also, some investors need to consider automatically providing their investment plans certain information—even if they have not received any formal request. Distributed investment plans must 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. Read TaxNewsFlash

Read a September 2019 report [PDF 73 KB] prepared by the KPMG member firm in Canada

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