Summary - Canadian Industry Statistics

Definition

This industry comprises establishments primarily engaged in sales financing. Establishments primarily engaged in providing financial leases or operating leases are also included if they are engaged in any sales financing.

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  Sales financing establishments lend money to consumers and businesses, for the purchase of goods and services, using a contractual installment sales agreement, often either directly in this industry are acceptance companies of motor vehicle manufacturers and heavy equipment manufacturers. Establishments engaged in the purchase of installment and credit card receivable, created as a result of retail sales to businesses and individuals, are included.
  
  Example Activities:
  Acceptance companies
  Automobile sales finance company
  Conditional sales finance companies
  Leasing, in combination with sales financing
  Sales finance companies

  Exclusions

  Establishments primarily engaged in:
  providing operating leases and financial leases if they are not engaged in any sales financing (532, Rental and Leasing Services).