- Case heard in Tax Court of Canada: Prospera Credit Union v. The King
- Appeal allowed with costs to be determined by June 15, 2023
- Case involved services provided by Westminster Savings Credit Union to Credential Asset Management Inc. and Credential Securities Inc.
- Question was whether services provided were preparatory in nature and fell within exception under definition of “financial service”
- Respondent conceded issue of GST collection and remittance for services provided to Desjardins Financial Group
Source: decision.tcc-cci.gc.ca
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
