New Federal Tax Relief Measures

The Government of Canada announced new measures to assist workers and businesses, including travel agencies and independent travel advisors, impacted by recent tariffs. Effective from April 2 until June 30, 2025, the Canada Revenue Agency (CRA) will defer GST/HST remittances and corporate income tax payments, providing immediate financial relief for businesses during this period.

Additionally, the CRA will waive interest on GST/HST and corporate income tax (T2) instalments and arrears payments scheduled between April 2 and June 30, 2025, and provide interest relief on existing GST/HST and T2 balances for this same period. Interest charges will resume on July 1, 2025. Agencies and advisors are reminded that they must continue to file their GST/HST and T2 returns by the established deadlines to ensure compliance with all filing requirements.

More information available here.