Search - consideration

But what was that consideration? Can it be said that the paying of household expenses is consideration for the transfers? ... At the time the transfers were made, no consideration was given.    [Emphasis added ... The mere right to be the beneficiary of this obligation does not constitute a particular consideration. ...

In consideration of these renunciations, Mrs. Fleet was promised $20,000. ... The decisive consideration is the meaning to be attributed to s. 3 (1) (j) of that Act. ... I agres that although marriage is a valuable consideration it is not consideration in money or money's worth. ...

Section 160 of the ETA, which is neither a taxing nor an exempting provision, specifies that where a supply is made, and the consideration therefor is paid, by means of a coin-operated device, the recipient is deemed to have received the supply, paid the consideration and paid the tax on the day that the consideration is inserted into the device, and the supplier is deemed to have made the supply, received the consideration and collected the tax on the day that the consideration is removed from the device ...   [19]     In the case at bar, the Appellant was deemed, under section 160 of the ETA, to have made the supply, received the consideration and collected the tax on the day that the consideration was removed from the vending machine. ... Moreover, there was no order concerning vending machines that were designed to accept more than $0.25 in consideration. ...

It provides that tax shall be paid on the value of the consideration for a taxable supply. ... The issue arises in respect to a valuation of the consideration for those services. According to the wording of subsection 165(1), the consideration must be “for the supply”. ...

The total consideration given by the Individual Joint Venturers for the Venture Data was $6,373,335 satisfied by $956,002 in cash and $5,417,333 by way of promissory notes in favour of Compton (the "Promissory Notes"). This consideration was the same amount as the consideration given by Compton to Seitel in proportion to the percentage interest in the Western Data Base (ie. 30.35%) 10.            ... He admits the facts in paragraphs 9 and 11 of the Notice of Appeal, except he says that the consideration given was for an interest in the Income Stream, and that the consideration by way of promissory notes was contingent. [3]            Pursuant to an application under Rule 58, this Court ordered on December 27, 2000 that this motion proceed without the admission of evidence. ...

The document used in the transfer stated that the consideration paid was $1.00. ... " He could not accept it as consideration sufficient to prevent the application of section 160. [5]                We agree. ... It is the fair market value of the consideration at the time of the transfer which governs. [8]                The appeal will be dismissed with costs. ...

Lim”) for no consideration. At the time of the transfer of his half share of the family home, Mr. ... Lim with consideration in the amount of $530,000, in exchange for Mr. ... Did the Appellant provide consideration for the transfer of property? ...

LEGISLATIVE FRAMEWORK [14]            Under subsection 168(1) of the ETA, GST in respect of a taxable supply is payable on the earlier of the day the consideration for the supply is paid (inapplicable here) or the day the consideration for the supply “becomes due”. ...   [36] Indeed, since Parliament has seen fit to specify that, where there is a written agreement, the consideration becomes due only when the work is substantially completed, it seems to me that this is a good reference point for determining when the consideration becomes due in instances where the supplier has issued no invoice for the consideration. ... No such question is raised here, since there was an agreement on the work to be carried out and the consideration to be paid ...

  [13]     Article 5 deals with the [translation] "Consideration". ... The Queen, [2002] G.S.T.C. 11, constitute consideration for the supply of a service to parents ...   [54]     Where there is a direct link between the subsidy and the price of the service, the subsidy must be regarded as the consideration, or part of the consideration, for the service, and it is taxable if the service is taxable ...

Thus, the Appellant submits that the consideration that he gave at the time of the transfer of the Property is higher than the consideration set out in the contract of sale ... In my view, if the amount of the consideration set out in the written contract does not reflect the fair market value, at the time of the transfer, of the consideration given, the Act would be applied incorrectly if the consideration set out in the contract were used in order to make an assessment under section 160. ... In addition, it is my view that the fair market value, at the time of the transfer, of the consideration given, also includes anything that may have been given in consideration for the property up until the date of the transfer ...