Search - consideration

Explanation Every recipient of a taxable supply made in Canada is required to pay tax in respect of the supply on the value of the consideration for the supply. ... For these reasons, the assessments paid by those members to XXXXX are consideration for the supply of the membership. ...

., a personal emergency response system), •   an on-site nurse manager and at least one nurse on duty 24 hours per day to respond to emergency situations, •   activity programs tailored to the needs of the Residents, •   weekly housekeeping services including a change of bed linens and towels, and •   one dinner served daily that takes into consideration special dietary needs of the Residents. 8. The XXXXX package includes the items delineated in XXXXX to the Tenancy Agreement (attached as Appendix 1 of your submission) and in the "XXXXX Information Package" (attached as Appendix 2), namely: •   a specific suite and the property and services indicated in Fact 6, •   call-bell monitoring, •   an on-site nurse manager and at least one nurse on duty 24 hours per day to respond to emergency situations, •   activity programs tailored to the needs of the Residents, •   administering medication to residents on an as-needed basis, •   daily light housekeeping and weekly housekeeping services including a change of bed linens and towels, •   assistance with bathing once a week, and •   three meals daily (that take into consideration special dietary needs of the Residents) and meals delivered to a Resident's room when authorized by the nursing manager. 9. ...

With respect to consideration, XXXXX provides that the Investor agrees to purchase the Mortgages on a fully-serviced basis. ... Ruling Given Based on the facts set out above, we rule that the fees described in XXXXX the Agreement, payable by the Investor to the Seller, are consideration for a supply of a financial service. ...

XXXXX conveyed these lots for consideration equal to the pertinent legal expenses and survey costs. ... XXXXX the Estate entered into an agreement of purchase and sale of XXXXX with XXXXX (the "Association"), a non-registrant, for consideration equal to $XXXXX. ...

X will transfer title to the original parcel to his spouse and himself as joint tenants for no consideration. 5. ... The land continues to be used solely in the farming operation as it was prior to the transfer into joint tenancy. •   The consideration paid by the non-farming joint tenant to effect the transfer is nil or a nominal amount. •   The non-farming joint tenant is not currently registered and the only reason the non-farming joint tenant would otherwise register would be to avoid the effect of section 155. •   The non-farming joint tenant does not receive any proceeds from the farming business that are business income earned on the individual's own account for income tax purposes. •   The individual who operates the farm must transfer the farmland into joint tenancy with himself/herself and one or more "related person", as defined in subsection 126(2), which would include the individual's spouse. •   The non-farming joint tenant is not involved in the farming business independently of the individual's own account and the farming operation is not a partnership. ...

The amendment applies to any supply for which consideration becomes due after March 9, 2004, or is paid after that date without having become due. ... Any supply made under the new lease agreement will not be exempt under section 25 of Part VI of Schedule V if the consideration for the supply becomes due after March 9, 2004, or is paid after that date without having become due. ...

Statement of Facts: In your memorandum you provide the following facts for our consideration: 1. ... Paragraph 54(d) of the Income Tax Act defines "eligible capital property "as "any property, a part of the consideration for the disposition of which would, if the taxpayer disposed of the property, be an eligible capital amount in respect of a business. ...

There may be occasions where the GST registered mail order company has charged or collected from another person tax under Division II calculated on the consideration, and subsequently adjusts the consideration. ...

That commercial activity would be the supply of the real property in question to the partnership on an ongoing basis for, presumably, nominal or nil consideration. ... Also, since the property will be transferred from the husband to the partnership at nominal or no consideration, there would appear to be no GST consequences. ...

The transaction cannot be treated as a redemption of a coupon such that the provisions of subsection 181(5) of the Act would act to deem the amount received by a particular retailer from the company to not be consideration for a supply. ... For the provision to apply, a supplier who is a registrant, as full or partial consideration for a taxable supply of a property or a service (other than a zero-rated supply), must have accepted a coupon which was exchanged for the property or service or which could have entitled the recipient of the supply to a reduction of, or for a discount on, the price of the property or service and a particular person at any time must have paid, in the course of a commercial activity of the particular person, an amount to the supplier for the redemption of the coupon. ...