Canadian travel advisors and travel agencies hit by the fallout from US President Donald Trump’s tariffs are eligible for a temporary reprieve from paying taxes, ACTA says.
In a press release issued 10APR, 2025, ACTA said Ottawa “announced new measures to assist workers and businesses, including travel agencies and independent travel advisors, impacted by recent tariffs” imposed by the US.
In essence the program allows for deferring tax remittances until 01JUL, 2025.
“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,” ACTA announced.
“Additionally, the CRA will waive interest on GST/HST and corporate income tax (T2) installments 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.”
Despite the deferral of payment, agencies and advisors must still file their GST/HST and T2 returns by the established deadlines.
The Government of Canada announced this tax deferral to support businesses affected by tariffs on 21MAR, but it wasn’t immediately clear if advisors were included in the program.
Trump earlier this month announced sweeping tariffs on a number of goods flowing from Canada to the US. Travel was not directly affected, but the tariffs sparked significant drops in stock markets in Canada and fears of job losses.
Given travel is a discretionary spending item, some industry experts predict travel spending in Canada will also drop, impacting travel advisors.
