Search - consideration

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (13% in the participating provinces of Nova Scotia, New Brunswick, and Newfoundland and Labrador) unless the supply is zero-rated. ...

Interpretation Requested You would like to know how to treat the supply of a gift set sold for a single consideration for purposes of the POS rebate where some items, when supplied separately, qualify for the POS rebate on children's clothing and others do not. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (15% in Nova Scotia, 13% in Ontario, New Brunswick, and Newfoundland and Labrador, and 12% in British Columbia) unless the supply is zero-rated. ...

EXPLANATION Generally, in accordance with section 165, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (or at the rate of 13% in Ontario; 15% in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island) unless the supply is zero-rated. ...

EXPLANATION Generally, in accordance with section 165, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (or at the rate of 13% in Ontario; 15% in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island) unless the supply is zero-rated (subject to the GST/HST at the rate of 0%). ...

EXPLANATION Generally, in accordance with section 165, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (or at the rate of 13% in Ontario; 15% in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island) unless the supply is zero-rated. ...

Ruling Given Based on the facts set out above, we rule that the amount identified as commission on the settlement statement is not consideration for a taxable supply and not subject to tax. ...

In general, where a corporation who is a member of a partnership supplies property or a service from its business to the partnership for consideration, the supply would be otherwise than in the course of the partnership activity in which case subsection 272.1(3) would apply. ...

Pursuant to subsection 188(2), "Where, in the course of an activity that involves the organization, promotion, hosting or other staging of a competitive event, a person gives a prize to a competitor in the event, (a) the giving of the prize shall be deemed, for the purposes of this Part, not to be a supply; (b) the prize shall be deemed, for the purposes of this Part, not to be consideration for a supply by the competitor to the person; and (c) tax payable by the person in respect of any property given as the prize shall not be included in determining any input tax credit of the person for any reporting period. ...

Pursuant to subsection 188(2), "Where, in the course of an activity that involves the organization, promotion, hosting or other staging of a competitive event, a person gives a prize to a competitor in the event, (a) the giving of the prize shall be deemed, for the purposes of this Part, not to be a supply; (b) the prize shall be deemed, for the purposes of this Part, not to be consideration for a supply by the competitor to the person; and (c) tax payable by the person in respect of any property given as the prize shall not be included in determining any input tax credit of the person for any reporting period. ...