Canadian Tax Adviser
March 2010

New GST Electronic Return Filing Requirements Effective July 1, 2010

David Schlesinger
Indirect Tax, Toronto

The Canada Revenue Agency (CRA) has announced proposed changes that will require many GST/HST registrants to file their GST returns electronically for the first reporting period that ends on or after July 1, 2010.

The following registrants will be required to file their GST returns electronically:

• GST/HST registrants with greater than $1.5 million in annual taxable supplies (except for charities)
• Large businesses and some financial institutions required to recapture input tax credits for the provincial portion of the HST on certain inputs in Ontario or British Columbia subject to the new input tax credit restriction
• Builders affected by the HST transitional housing measures announced by Ontario or British Columbia.

Registrants that fail to file an electronic GST return in the correct format may be subject to penalties.

For more information, contact your KPMG adviser.

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