Search - consideration

EXPLANATION Generally, every recipient of a taxable supply (other than a zero-rated supply) is required to pay GST/HST on the value of the consideration for the supply. ... Where these amounts form part of the total consideration for the supply of real property, even though these amounts may be charged separately, they will take on the same tax status as the rent. ... These additional rents form part of the consideration for the lease of the Premises made under the Lease Agreement and will take on the same tax status as the lease. ...

BACKGROUND / FACTS [The ISO] supplies POS Terminals to merchants and charges GST/HST on the consideration. ... The ISO has not collected GST/HST on the fees received from the Merchant as consideration for its services under [Agreement 1]. ... The supply provided by the ISO to the Merchant is therefore the supply of a taxable service which the consideration charged for the service is subject to GST/HST. ...

INTERPRETATION REQUESTED You have requested a GST/HST interpretation on whether the […] fees earned by the Taxpayer are consideration for supplies of exempt financial services. In particular, you would like to know whether the fees earned by the Taxpayer: * from the merchant in respect of an arrangement governed by Agreement 1 are consideration for supplies of exempt financial services on the basis that the Taxpayer is a “person at risk” under the Financial Services and Financial Institutions (GST/HST) Regulations (the Regulations); and * from the acquirer in respect of an arrangement governed by Agreement 2 are consideration for supplies of exempt financial services on the basis that the Taxpayer is an agent of a “person at risk” under the Regulations. ...

You indicated that XXXXX charges GST/HST on the consideration for these services, other than the sale of insurance. Ruling Requested Are the amounts paid to you, as a partner of XXXXX, under Section XXXXX of the Agreement by XXXXX, consideration for a financial service? Ruling Given Based on the facts set out above, we rule that the amounts paid to you, as a partner of XXXXX, by XXXXX under Section XXXXX of the Agreement, are consideration for a financial service. ...

Head lease of a nursing home prior to the amendments With respect to supplies for which consideration became due on or before February 26, 2008, or was paid on or before that date without having become due, section 6.1 of Part I of Schedule V to the ETA provided, in part, that the head lease of a residential complex may have been exempt for each lease interval iiifootnote 3. ... Head lease of a nursing home after the amendments A lessor's supplies of the residential complex portion of a nursing home will be exempt under section 6.11 of Part I of Schedule V to the ETA for each lease interval in respect of which consideration becomes due after February 26, 2008, and was not paid on or before that date or is paid after that date without becoming due. ... In such a case, the coming into force provisions for section 6.11 provide that the section applies only to those supplies for which consideration becomes due after February 26, 2008, without having been paid on or before that date, or is paid after that date without having become due. v 5. ...

XXXXX has been treating a portion of its premiums from automobile insurance policies it has issued to Canadian XXXXX companies as consideration for zero-rated supplies, evidenced by the fact that it has claimed input tax credits (ITCs) for GST/HST paid in respect of purchases acquired to the extent that they relate to these supplies. ... Issue #3- Application of GST/HST to sales of salvaged property: Subsection 184(1) provides, in part, that where at any time after 1990 personal property of a person is transferred to an insurer in the course of settling an insurance claim, there is a deemed supply of the property by the person to the insurer which is generally deemed to have been made for no consideration. ... Where XXXXX acquires or imports property and services for consumption, use or supply in the course of, or in connection with both of these activities (i.e., the sale of the salvaged vehicle and the transfer of the vehicle) it has to determine the extent to which the property or service is for use in making taxable supplies for consideration in order to determine its ITC eligibility. ...