- A merchant entered into a Service Agreement with an ISO and an acquirer for card payment processing services
- The merchant also had a Device Agreement with DeviceCo for point-of-sale equipment and services
- CRA determined that fees to DeviceCo were for taxable supplies
- Fees under the Service Agreement were for exempt financial services
Source: taxinterpretations.com
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.
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