Search - consideration

Where subsection 160(1) applies to a subsection 75(2) situation, the transferor and transferee are jointly and severally liable to pay a) that part of the transferor's Part l tax, for each taxation year, that is attributable to the subsection 75(2) attribution, and (b) an amount equal to the lesser of (i) the transferor's tax liability for the year in which the property was transferred and for any preceding year, and (ii) the amount by which the fair market value of the transferred property exceeds the fair market value of the consideration given therefor. ...

Consideration must also be given to the various tax treaties Canada has with other countries. ...

However, a gift certificate will likely only qualify as a gift where the donor has given consideration for its acquisition. ...

Professional appraisers have recognized practices on how to take into consideration f actors or characteristics. ...

If the participant subsequently reimburses the operator for all or part of the amount of the purchase, the reimbursement is regarded as part of the consideration for the supply of services made by the operator to the participant (i.e., the service of operating the joint venture) and is therefore subject to tax. ...

The Summary is also updated to add the phrase “in certain circumstances” in the comment that a transfer of property for partial consideration may result in a gift under civil law. ...

The rebate applies to: sales in Canada of qualifying motor vehicles for which any consideration becomes due on or after April 4, 1998, or is paid on or after April 4, 1998, without having become due; importations into Canada of qualifying motor vehicles on or after April 4, 1998; qualifying motor vehicles brought into a participating province on or after April 4, 1998; modification services performed outside Canada or outside a participating province to specially equip or adapt a vehicle for use by, or to transport, an individual using a wheelchair, or to install an auxiliary driving control for an individual with a disability where the importation or bringing into a participating province of the vehicle occurs on or after April 4, 1998; and first leases (including options to purchase contained in the lease) where the lease is entered into on or after April 4, 1998. ...

We will take into consideration any personal information that the debtor presents that affects this ability. ...

Since easements can not be classified as either leases or licenses because they have features of both, and may in certain cases be considered a "sale" of real property (for example, where they are granted in perpetuity for a single consideration), they should be treated as being outside the scope of paragraph 25(f), effective for agreements entered into after September 14, 1992, and consequently exempt of tax pursuant to section 25 from such time provided the other exclusions to section 25 do not apply. ...

Professional appraisers have recognized practices on how to take into consideration f actors or characteristics. ...