Canadian Tax Court Holds Commission Fees for Arranging Buyer of Shares Not Eligible for HST Exemption on Financial Services

The Tax Court of Canada recently issued a judgment concerning whether commission fees paid in relation to a sale of shares are considered financial services exempt from Harmonized Sales Tax (HST). The case involved Garibaldi Springs Water Company Ltd (Garibaldi), which retained the services of 0922763 B.C. Ltd and P.V. Gordon Holdings Ltd (the Brokers) to find a buyer for the business. A buyer…
Continue Reading