- The Canadian Revenue Agency released Excise and GST HST News No. 119 on April 8
- Nova Scotia HST rate decreased to 14 percent from 15 percent effective April 1 with transitional rules
- Mandatory electronic filing procedures and options introduced
- Annual interest rates for Q1 2025 announced
- 4 percent interest for amounts owed or refunded by the Minister to corporate taxpayers
- 6 percent interest for amounts owed or refunded by the Minister to non-corporate taxpayers
- 8 percent interest for taxpayer arrears and installments
- Interest rates apply to various taxes and charges including income tax, excise taxes, GST HST, UHT, ATSC, luxury tax, fuel charge, and excise duties on wine, spirits, tobacco, cannabis, and vaping products
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
