Canada: Overview of latest tax changes
Including deferral of certain income tax payments and GST/HST remittances
The federal government has deferred certain filing and tax payment dates and clarified how businesses and individuals must file certain tax returns and forms for certain outstanding and cancelled tax proposals.
Read a March 2025 report prepared by the KPMG member firm in Canada that provides an overview of these latest changes, and specifically discusses:
- Deferral of income tax payments and goods and services tax / harmonized sales tax (GST/HST) remittances
- Cancellation of the capital gains inclusion rate increase and filing deadline relief
- Cancellation of the consumer carbon tax
- Expiration of the excessive interest and financing expenses limitation (EIFEL) temporary filing process