—because you're increasing taxes on issuers. You're increasing taxes on acquirers. Ultimately, it's going to affect the cost of card acceptance by merchants.
On May 18th, 2023. See this statement in context.
On May 18th, 2023. See this statement in context.
Vice-President, Personal and Commercial Banking, Canadian Bankers Association
—because you're increasing taxes on issuers. You're increasing taxes on acquirers. Ultimately, it's going to affect the cost of card acceptance by merchants.
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