Fiancial Services are Exempt from GST/HST -- Question.
Ok, so Financial services are exempt from having to charge/remit GST/HST which also means they cannot claim ITCs however are they then not suppose to be charged GST/HST by other companies when these financial services (e.g. TD CanadaTrust) advertise on TV, or make purchases to improve their business (e.g. more office equipment)? Or do these exemptions only apply to the management of money in their care from consumers and not on company-related activity such as advertising or office management?