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04 August 2016

Canada's Department of Finance releases draft GST/HST amendments to pension plans and master trusts

The Department of Finance released legislative and regulatory proposals on July 22, relating to the goods and services tax/harmonized sales tax (GST/HST). Amendments relating to the GST/HST treatment of pension plans are particularly noteworthy. These amendments would revise the GST/HST rules applicable to pension plans to ensure they apply fairly and effectively to pension plans that use master trusts or master corporations (referred to collectively as master trusts).

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1340

Document ID: 2016-1340

 

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