The term taxable supply, as it is used in the Excise Tax Act, would include all of the following except:

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A taxable supply refers to any supply made in the course of a business or commercial activity that is subject to GST/HST. The sale of a new television by an unincorporated business and the provision of electrical installation services by an electrician qualify as taxable supplies. A cash-free exchange of merchandise between two retail businesses may also qualify as a taxable supply. However, the sale of a life insurance policy by an insurance agency is exempt from GST/HST and therefore not considered a taxable supply.

The Term Taxable Supply, as It Is Used in the Excise