Section 198 — Excise Tax Act: Use in supply of financial services

For the purposes of this Part, to the extent that a registrant who is neither a listed financial institution nor a person who is a financial institution because of paragraph 149(1)(b) uses property as capital property of the registrant in the making of supplies of financial services that relate to commercial activities of the registrant, where the registrant is a financial institution because of paragraph 149(1)(c), the registrant is deemed to use the property in those commercial activities only to the extent that the registrant does not use the property in activities of the registrant that relate to credit cards or charge cards issued by the registrant, or the making of any advance, the lending of money or the granting of any credit;

and in any other case, the registrant is deemed to use the property in those commercial activities.