Tax Court Decision Overturned: Visa Does Supply GST/HST Exempt
To print this article, all you need is to be registered or login on Mondaq.com. On January 22, 2021, the Federal Court of Appeal (the “FCA”) overturned the Tax Court of Canada's dismissal 1 of a Canadian bank's (the “Bank”) appeal in connection with the Bank's claim for GST/HST rebates for tax paid in error. 2 While the Tax Court had originally found that the transaction processing services provided by Visa Canada (“Visa”) for the credit cards issued by the Bank constituted a taxable supply, the FCA was of the view that such supply was an exempt “financia...
Source: mondaq.com