Précis: The taxpayer operated a car dealership and in connection with that business sold “credit insurance” to its customers. In 2010 and 2011 the taxpayer treated such insurance products as exempt services and did not collect or remit GST/HST. CRA assessed GST/HST on the transactions ($33,802.14). The sole issue before the Court was whether such services were exempt. The Court concluded that they were and allowed the appeal with costs to the taxpayer.
Applewood Holdings Inc. v. R. – TCC: Car dealer providing insurance to customers was providing exempt “financial services”READ MORE »