Landlords, in particular, are under increasing pressure to offer rent deferrals to relieve the pressure on beleaguered tenants who have been forced to shutter their operations.
However, landlords should be careful to structure COVID-19 rent deferrals to avoid any unwelcome surprises when they file their next GST/HST returns. Specifically, landlords will wish to ensure that they are not required to remit the GST/HST on the deferred rent amount before the rent is actually received.
Source: dlapiper.com
Latest Posts in "Canada"
- Alaska and Montana Consider Statewide Sales Tax Amid Fiscal Pressures and Revenue Diversification Needs
- British Columbia Expands PST to Professional Services in 2026 Budget, Effective October 1
- IMF Urges Canada to Reform Tax System for Growth and Economic Resilience
- British Columbia 2026 Budget Expands PST to Professional Services, Removes Select Exemptions
- Canadian Tax Court Clarifies GST/HST Rebate Eligibility for New Housing Purchases and Resale
