On March 21, 2025, the Government of Canada announced actions to support workers and businesses affected by tariffs.
To support businesses, the Canada Revenue Agency (CRA) will:
- Defer GST/HST remittances and corporate income tax payments from April 2 to June 30, 2025.
- Waive interest on GST/HST and T2 instalment and arrears payments that are required to be paid between April 2 and June 30, 2025.
- Provide interest relief on existing GST/HST and T2 balances between April 2 and June 30, 2025.
Note: Interest will resume starting July 1, 2025.
If you have questions about how this impacts your business, please reach out to your SLF advisor.