Part IX of the Excise Tax Act (ETA) regarding GST/HST has been revised, resulting in changes (effective April 1, 2007) to:
| restrictions on refunds and rebates of GST/HST |
| start date for interest on a refund or rebate of GST/HST |
| prescribed rates for interest paid on refunds or rebates of GST/HST |
| prescribed rates for interest charged on overdue GST/HST |
| penalties for overdue GST/HST returns |
For more information, see the CRA web page on penalties and interest regarding GST/HST, as well as their page on prescribed interest rates.
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