GST/HST Payment Deferral Announced to Support Businesses

The Canadian government has introduced a temporary measure to aid businesses facing economic difficulties by delaying the remittance of GST/HST. This deferral applies to payments due between April 2nd and June 30th, 2025, aiming to improve businesses' immediate cash flow. However, the provided commentary argues this is a short-term fix, as the deferred taxes will eventually become due, potentially creating a larger financial burden later. The analysis suggests that a more impactful solution would involve a genuine suspension of these tax payments.