Distributed investment plans and their investors face upcoming deadlines under the GST/HST information sharing rules. Distributed investment plans must prepare to send to their investors their annual requests for specific details by October 15, 2025. Distributed investment plans, which include mutual fund trusts and investment limited partnerships, must make these annual requests under the GST/HST and QST information sharing rules and collect specific details from their investors in order to properly calculate their tax costs and determine whether they may benefit from making certain elections. Plans that fail to make these requests and collect the required details within specific timelines face higher GST/HST and QST costs, which may affect their overall annual performance.
Investors and securities dealers must also meet their own specific obligations under the GST/HST and QST information sharing rules. In particular, investors that received a request from a distributed investment plan are required to provide specific details in writing to the plan, which can vary based on the type of investor. Similar rules apply to securities dealers. Additionally, certain types of investors must provide details to their distributed investment plans even without such a request. Note that investors and securities dealers face penalties if they do not meet these obligations under the GST/HST and QST regimes.
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