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Newsletters>
GST / HST on financial services: the ground shifts



February 12, 2010

Effective today, the policy on what constitutes a financial service, which is considered exempt from GST/HST has shifted.

This news bulletin announces that financial services do not include investment management, nor do they include credit card or loan charges, previously considered to be financial services that were exempt.

Read it for yourself:
http://www.fin.gc.ca/n08/09-115-eng.asp

and click on the link to the Backgrounder found just under the title for more details on this significant change in policy as a result of court cases.


 

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