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

Employers must remit amounts of GST/HST (and, if applicable, QST) relating to the pension plans by 31 January 2023.

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 2022.

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 2023.

Additionally, certain employers and master trusts must also determine how they may be affected by recent draft legislation that may change specific tax calculations and filing obligations.

These complex rules related to these upcoming tax obligations may also extend to master trusts in pension plan structures. For example, when employers do not remit GST/HST and QST owed under these rules on time, eligible pension rebates relating to these tax amounts will not be allowed. Affected employers may also find opportunities to claim additional input tax credits or rebates.

Read a November 2022 report [PDF 219 KB] prepared by the KPMG member firm in Canada


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