Goods & Service Tax (GST) 6 August 2026
GST Updates
Inland Revenue targets tax non-compliance in horticulture, directing refunds and amendments to tax assessments. A GST tribunal orders a refund to homebuyers and Labour announces plans to increase the GST threshold and scrap the Investment Boost. Additionally, a new report compiles data points on GST/HST compliance and payroll obligations for Canadian small businesses.
Inland Revenue is targeting tax non-compliance in the horticulture industry, with a focus on GST, PAYE, and other income tax. When non-compliance is found, the agency will amend tax assessments and may also prosecute.
- Inland Revenue is also directing refunds to eligible homebuyers after a GST tribunal upheld findings against a developer.
- Labour has announced plans to increase the GST threshold by $20,000 to $80,000 and scrap the Investment Boost, requiring big businesses to pay small businesses faster.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.