NAICS CanadaCanadian Industry
NAICS Canada 522220—Sales financing
Canadian Industry · North American Industry Classification System (Canada) (2022 v1.0)
Where 522220 sits
Description
This Canadian 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.
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 from, or through arrangements with, dealers of the products.
What 522220 includes
- Purchasing of installment and credit card receivables, created as a result of retail sales to businesses and individuals
- Purchasing of installment and credit card receivables, created as a result of retail sales to businesses and individuals
What 522220 excludes
- Providing operating leases and financial leases when not engaged in any sales financing (see 532 rental and leasing services)
Example activities
- acceptance companies
- automobile sales finance company
- conditional sales finance companies
- leasing, in combination with sales financing
- sales finance companies
- acceptance companies
- automobile sales finance company
- conditional sales finance companies
- financing of dealers by motor vehicle manufacturers' organizations
- installment sales finance company
- leasing, in combination with sales financing
- sales finance companies
522220 in other systems
Looking up equivalents…