granting of credit

Royal Bank of Canada v. The King, 2024 TCC 125 -- summary under Paragraph 1(a)

Full Title
Royal Bank of Canada v. The King, 2024 TCC 125
Summary Under
Tax Topics - Excise Tax Act - Schedules - Schedule VI - Part IX - Section 1 - Paragraph 1(a)
foreign interchange fees generated by Canadian credit card issuer related to the granting of credit rather than the making of a loan by it, and were not excluded under s. 1(a)(ii)

When cardholders of credit cards issued by the appellant (RBC) used their cards for purchases from a foreign merchant, RBC would earn an...

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Words and Phrases
relate to
granting of credit
lending of money

Vega International Car Transport and Logistic — Trading GmbH v. Dyrektor Izby Skarbowej w Warszawie, ECLI:EU:C:2019:412 (European Court of Justice, 8th Chamber) -- summary under Paragraph (g)

Full Title
Vega International Car Transport and Logistic — Trading GmbH v. Dyrektor Izby Skarbowej w Warszawie, ECLI:EU:C:2019:412 (European Court of Justice, 8th Chamber)
Summary Under
Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Financial Service - Paragraph (g)
a parent’s funding of fuel costs of subsidiaries was a provision of credit rather than a purchase and on-sale of the fuel

The business of the subsidiaries of Vega International included the transport of commercial vehicles from the manufacturer to customer....

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Words and Phrases
granting of credit
credit
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