In early 2014, the Canada Revenue Agency (CRA) announced temporary relief for bare trusts and nominee corporations that elect to be operators when filing GST/HST returns for joint ventures (JVs). Participants in JVs were given until December 31, 2014 to remedy those situations. Once the administrative relief expires, the CRA may deny the input tax credits (ITCs) of the JV claimed by the bare trustee or nominee.

Find out more about temporary GST/HST administrative relief. [ 142 kb ]