Canada: Reminder for businesses of indirect tax obligations (COVID-19)

Canada: Reminder of indirect tax obligations

Businesses may encounter certain challenges—such as cancelled transactions, supply chain changes, online sales from new jurisdictions, and employees working remotely—from the coronavirus (COVID-19) pandemic.

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Indirect tax considerations may not drive these types of business decisions, but costs may be affected by indirect tax implications. Thus, it is prudent for businesses to keep the indirect tax rules in mind when working through these issues, and to determine that they continue to meet all of their indirect tax obligations.

Canada’s federal government recently announced that taxpayers could defer GST/HST (goods and services tax / harmonized sales tax) remittances. Some provincial authorities have also announced extensions for indirect tax filing deadlines.

Read an April 2020 report prepared by the KPMG member firm in Canada

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