The financial sector encompasses institutions primarily engaged in transactions involving the creation, liquidation, or change in ownership of financial assets, or in facilitating financial transactions. While the Canadian industry has been the most stable and resilient in the developed world, it is not immune to the effects of the global economic slowdown. At this moment in time, credit liquidity is key to the industry’s survival and the economy’s stability, and demands of regulatory change are not making things easier. TMS understands the severity of the issues involving the credit markets and as a result its tax consultants have identified tax recovery opportunities which effectively return tax paid dollars specifically to clients in the financial services sector.