Search - consideration

Therefore, where the consideration for a supply was excluded from the calculation of financial revenue described above in paragraphs 16 to 26, it would still be included in the calculation of total revenue for purposes of the de minimis threshold test in paragraph 149(1)(b). ... However, when calculating total revenue under clause 149(1)(b)(i)(B), it is the CRA's position that the actual consideration paid or payable for supplies between closely related persons, and not the deemed amount of zero, should be included. For further information on the election for nil consideration, refer to GST/HST Memorandum 14.5, Election for Nil Consideration. 30. ...

Paragraph 18(9)(a) disallows a deduction to the extent that the outlays and expenses can reasonably be regarded as having been made or incurred (a) as consideration for services to be rendered after the end of the year, (b) for interest, taxes (other than taxes on insurance premiums), rent or royalties for a period after the end of the year, or (c) as consideration for insurance for a period after the end of the year, except for (i) consideration for reinsurance, where the taxpayer is an insurer, or (ii) consideration paid after February, 1994, for the life insurance of an individual under a group term life insurance policy where all or part of the consideration is for insurance that is (or would be if the individual survived) for a period that ends more than 13 months after the consideration is paid. ...

The SCC then went on to consider whether or not the payments by the Province to the City were consideration for any supply. ... In conclusion, the SCC sets out a logical approach to determine when a transfer payment is consideration for a supply for purposes of the Act. ... If there is a supply, one must then determine whether the payments are consideration for the supply. ...

The charge for the ferry flight is additional consideration that is payable for the passenger transportation service and on which the 5% GST is payable. ... When these charges are passed onto the third-party charterers, they are part of the consideration payable for the passenger transportation service. ... The charges for the ferry flights and crew costs would therefore form part of the consideration payable for the passenger transportation service. ...

When the GST/HST is payable The GST/HST on the consideration for a taxable supply is usually payable the earlier of the day payment is made and the day the supplier issues an invoice. ... The GST on imported taxable supplies of services and intangible property is payable the earlier of when consideration for these supplies is paid or when it becomes due. ... For reporting periods beginning before January 1, 2008, and ending on or after that day, the existing percentages will apply for consideration that became due, or that was paid without having become due, before January 1, 2008, and the new percentages will apply for all other consideration. ...

GST/HST applies on the total consideration payable for taxable supplies. ... The basis for calculating the consideration may vary. For example, consideration may be a specific amount per month, an amount calculated according to the number of transactions, or a combination of these two methods. The method of calculating the consideration will not affect the tax status of a supply. ...

GST/HST applies on the total consideration payable for taxable supplies. ... The basis for calculating the consideration may vary. For example, consideration may be a specific amount per month, an amount calculated according to the number of transactions, or a combination of these two methods. The method of calculating the consideration will not affect the tax status of a supply. ...

The charge for the ferry flight is additional consideration that is payable for the passenger transportation service and on which the 5% GST is payable. ... When these charges are passed onto the third-party charterers, they are part of the consideration payable for the passenger transportation service. ... The charges for the ferry flights and crew costs would therefore form part of the consideration payable for the passenger transportation service. ...

Therefore, where the consideration for a supply was excluded from the calculation of financial revenue described above in paragraphs 16 to 26, it would still be included in the calculation of total revenue for purposes of the de minimis threshold test in paragraph 149(1)(b). ... However, when calculating total revenue under clause 149(1)(b)(i)(B), it is the CRA's position that the actual consideration paid or payable for supplies between closely related persons, and not the deemed amount of zero, should be included. For further information on the election for nil consideration, refer to GST/HST Memorandum 14.5, Election for Nil Consideration. 30. ...

Paragraph 18(9)(a) disallows a deduction to the extent that the outlays and expenses can reasonably be regarded as having been made or incurred (a) as consideration for services to be rendered after the end of the year, (b) for interest, taxes (other than taxes on insurance premiums), rent or royalties for a period after the end of the year, or (c) as consideration for insurance for a period after the end of the year, except for (i) consideration for reinsurance, where the taxpayer is an insurer, or (ii) consideration paid after February, 1994, for the life insurance of an individual under a group term life insurance policy where all or part of the consideration is for insurance that is (or would be if the individual survived) for a period that ends more than 13 months after the consideration is paid. ...