Canada: Pensions’ final returns, information returns | KPMG | GLOBAL

Canada: Pensions’ final returns, information returns due 30 June

Canada: Pensions’ final returns, information returns

Many pension entities of registered pension plans must soon file their GST/HST and QST* annual final returns and their annual information returns and rebate applications. For a pension entity with a 31 December fiscal year-end, the deadline to file these returns is 30 June 2016.


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*GST/HST and QST = goods and services tax / harmonized sales tax and Quebec sales tax


A pension entity’s GST/HST “selected listed financial institution” (SLFI) and/or QST SLFI status determines its reporting requirements. For some entities, this status could change from year to year. 

Pension entities that are SLFIs must file a GST/HST and/or QST annual final return. The 2015 annual final return is the last chance for SLFIs to claim certain missed input tax credits from prior periods (e.g., GST paid on costs related to zero-rated activities). Also, pension entities that qualify as a “reporting institution” must file a GST/HST and/or QST annual information return.

Eligible pension entities also need to determine they have properly claimed their pension entity rebates. Pension entities have until 30 June 2016 to file missed rebate applications for past claim periods or to make changes to some previously filed pension entity rebate applications. 


Read a June 2016 report [PDF 80 KB] prepared by the KPMG member firm in Canada: Pension Plans — GST/HST Filing Deadlines Fast Approaching

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