Canada: GST/HST obligations of employer-sponsored pension plans, 31 December deadline

The deadline for GST/HST obligations of employer-sponsored pension plans is 31 December 2021.

GST/HST obligations of employer-sponsored pension plans, 31 December deadline

The deadline for many employers to meet extensive obligations under the goods and services tax / harmonized sales tax (GST/HST) and Quebec sales tax (QST) pension plan rules is 31 December 2021.

Employers that offer registered pension plans to their employees and that have monthly GST/HST and QST reporting periods with a 31 December year-end must remit amounts of GST/HST (and, if applicable, QST) relating to the pension plans by 31 January 2022.

These complex rules related to these upcoming tax obligations may also extend to master trusts in pension plan structures. Specifically, amounts of GST/HST and QST owing under these rules that are not remitted on time cannot be claimed as pension entity rebates.

Affected employers may also find opportunities to claim additional input tax credits or rebates.

Read a December 2021 report [PDF 231 KB] prepared by the KPMG member firm in Canada


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