Platform operators are not required to file GST/HST information returns under the new GST/HST rules for the 2021 calendar year. The CRA has recently announced that it is deferring this particular reporting requirement for the first calendar year. Therefore, affected platform operators will next be required to file their 2022 annual information return by June 30, 2023, according to the CRA.
In addition to the new collection and remittance obligations, which came into effect on July 1, 2021, businesses that qualify as platform operators are required to file an information return for each calendar year. However, the CRA has recently updated their "GST/HST for digital economy businesses" webpages to announce that it is deferring the annual information return filing requirement to help platform operators adjust to this new reporting rule. The obligation to file the annual information return affects Canadian and foreign platform operators that facilitate supplies of qualifying goods or short-term accommodation situated in Canada through their electronic platforms. The change for the 2021 annual information return for platform operators does not affect their collection and remittance obligations. This change also does not affect storage service providers who are required to notify the CRA by January 1, 2022 that they supplied storage services as of July 1, 2021.
The CRA states that the GST/HST information return reporting requirement is in effect for each calendar year, starting in 2022. The CRA says it will provide more information for how to file the annual information returns in advance of the filing deadline.
For more information, contact your KPMG adviser.
Information is current to December 6, 2021. 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