ITC ENTITLEMENT ON FINANCIAL SERVICES
THIRD TIME'S THE CHARM FOR NORTHBRIDGE?
Every so often, decisions from the Tax Court of Canada (the “TCC”) and the Federal Court of Appeal (the “FCA”) highlight the intricacies of the GST/HST regime – particularly for financial institutions. The recent decision in Northbridge Commercial Insurance Corporation v. The King (2025 FCA 83) is a prime example. The FCA has now referred the case back to the TCC for a third hearing, highlighting the complexity of input tax credit (“ITC”) entitlements related to insurance supplies.
Tagged in:
Exempt Supplies
GST/HST
Input Tax Credits (ITCs)
Northbridge Commercial Insurance Corporation
TCC/FCA
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