The Canada Revenue Agency (CRA) has made a significant reversal of its longstanding administrative position on the GST/HST treatment of mutual fund trailing commissions. Historically treated as exempt ...
Historically, the CRA generally took the position that mutual fund trailing commissions were GST/HST-exempt supplies. This position was notably set out in GST/HST Policy Statement P-119 (dated ...
Mutual fund dealers, advisors and fund managers now have breathing room to implement changes needed to comply with the Canada Revenue Agency’s (CRA) enforcement of GST/HST on mutual fund trailing ...
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