Search - consideration

However the Civil Code refers to rent as the consideration by a lessee to a lessor given for the loan of a thing. ... Gage Canadian Dictionary Consideration paid for use or occupation of property. ... Rent was part of the consideration for the right to mine minerals in Hatherton. ...

There is no evidence that any other consideration of any kind was paid to this shareholder who was a signatory to the same shareholders agreement that was signed by the appellant. ... All of this could indicate that reasonable consideration for the appellant’s services was what the parties agreed upon, namely $1 at best. ... It does not represent what may be reasonably regarded as the consideration for either the services or the disposition of property. ...

The Law The respondent contests part of this consideration, that is, the $1. ... In order to determine the sale price, what we must look for is the true consideration for the transfer of ownership. ... If the parties had considered it advisable to put a value on this consideration in Article 2.13, it was for them to do so. ...

The Transfer/Deed of Land shows a nominal consideration of $2.00. The Affidavit of Value and Consideration attached to the Deed/Transfer of Land and forming part of Exhibit R-11 states that the consideration is nominal because it is a transfer from husband to wife for natural love and affection. ... Having regard to his transfer of his one-half interest in the family residence, I propose to take Exhibit R-11 at face value and hold that the consideration was a nominal $2.00 or natural love and affection. [8] In my opinion, the Appellant did not grant, convey or transfer to her husband on or about April 30, 1990 any consideration to which I can attach any value for the purpose of concluding that he received value for the transfer of his one-half interest in the family residence. Accordingly, I hold that his transfer of his one-half interest in 117 Thornridge Drive on April 30, 1990 was a transfer without monetary consideration. [9] The Appellant argued that because of her turbulent marriage, prior separation, and brief separation in April-May, 1990 when she insisted upon the Marriage Contract (Exhibit R-19) and house transfer (Exhibit R-11), she was at arm’s length with her husband in late April 1990 when he transferred his one-half interest in the family home. ...

Sattari, that notation meant humanitarian considerations, and this is admitted ... On January 5, 2005, they asked to make an application for permanent residence for humanitarian considerations (HC). ... Sattari and by the Respondent, the expression “humanitarian considerations” was used in relation to the confirmation of Mr. ...

  [2]      The respondent's position, and the reason for the assessment, is an assertion that the transfer took place without consideration. ... So it would appear that the appellant gave consideration of some $20,000 more than the value of the husband's equity ...   [20]     All of which leads me to conclude that the transfer of the appellant's husband's equity in the residence that took place in July 2000 did in fact take place for adequate consideration, in fact more than adequate consideration. ...

According to the Respondent, in this situation, the GST should be calculated on the price of the item prior to the application of the credit note. [6]      The applicable legislative provision in this case is subsection 153(4) of the Act, which defines the value of the consideration for the supply made by a supplier when it accepts used tangible personal property in consideration for the supply. ... To meet this objective, there must be a supply of tangible personal property and the acceptance, by the supplier, at the time he supplies the tangible personal property, of a consideration comprised of used tangible personal property in exchange. ... This is the position taken by the Canada Customs and Revenue Agency in its Technical Information Bulletin B-084, which explains that the rule governing sales with trade-ins is not applicable where the supplier offers a credit note instead of used tangible personal property in consideration for the trade-in. ...

Vienneau transferred exceeds the fair market value of the consideration given by Ms. ... Ducharme and her two daughters received the consideration from any unpaid taxes that Mr. ... Ducharme suffered a personal loss in her capital assets as a consequence of her exchanges of consideration with Mr. ...

DID THE FAIR MARKET VALUE OF THE PROPERTY EXCEED THE CONSIDERATION GIVEN BY CATHERINE SHIEH? ... He confirmed he never did make any repayments other than the transfer of the property to his mother. [15]   Respondent’s counsel referred me to some case law which dealt with the evidentiary burden on a taxpayer to prove the consideration given. ... There was no obligation to repay the support other than a moral, familial bond creating something of a hope. [17]   Although I appreciate Michael Shieh’s view that a child needs to return the support a parent provides a child, I do not agree that this is the hard consideration contemplated by the relevant provisions in the Acts. ...

Accordingly, since the appellant’s loss was not incurred for proper consideration or for the purpose of gaining or producing income, subparagraph 40(2)(g)(ii) of the Act must apply with the result that the appellant's loss is deemed to be nil. ... Clearly if subparagraph 40(2)(g)(ii) is to be avoided, the appellant must prove that the debt was acquired, or, in this case, that the guarantee was provided either for the purpose of gaining or producing income from a business, or for proper consideration. ... In the Lalande and the Business Art cases (supra), even if no interest was charged by the lender to his company, it was established that true consideration to a shareholder can come in the form of future dividends or increased value of his stocks. ...