Many financial institutions must file GST/HST annual information returns by June 30, 2017.
Many financial institutions and some businesses across Canada that have a December 31 year-end must file the GST/HST and/or QST annual information returns by June 30, 2017. This return applies to financial institutions as well as certain businesses that are deemed to be financial institutions under the GST/HST and QST rules. While the GST/HST and/or QST annual information returns are not related to any GST/HST and QST payments, financial institutions and qualifying businesses could face penalties if they do not file this return correctly and on time.
Taxpayers should also ensure they file the correct annual information return, which can vary based on the type of entity and whether the entity is administered by the CRA or Revenue Quebec for GST/HST and QST purposes.
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