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Archived CRA website

ARCHIVED - Transfer of Property to a Corporation under Subsection 85(1)

Non-share consideration means all the consideration received by the vendor other than shares of the transferee corporation or a right to receive such shares. ... Original Agreed Amount $100(a) Fair market value of property transferred 80(c) Consideration: Fair market value of non-share consideration received $149 Fair market value of share consideration received 1 Total Consideration $150(b) The agreed amount would be deemed by paragraph 85(1)(b) to be $149 except that paragraph 85(1)(c) (which deems the agreed amount to be $80) takes precedence over paragraph 85(1)(b). ... Cost to Transferor of Consideration Received from the Corporation ¶ 21. ...
Archived CRA website

ARCHIVED - Transfer of Property to a Corporation under Subsection 85(1)

Non-share consideration means all the consideration received by the vendor other than shares of the transferee corporation or a right to receive such shares. ... Original Agreed Amount $100(a) Fair market value of property transferred 80(c) Consideration: Fair market value of non-share consideration received $149 Fair market value of share consideration received 1 Total Consideration $150(b) The agreed amount would be deemed by paragraph 85(1)(b) to be $149 except that paragraph 85(1)(c) (which deems the agreed amount to be $80) takes precedence over paragraph 85(1)(b). ... Cost to Transferor of Consideration Received from the Corporation ¶ 21. ...
Old website (cra-arc.gc.ca)

Application of Section 141.02 to Financial Institutions That Are Qualifying Institutions

Meaning of consideration Subsection 123(1) provides that consideration includes any amount that is payable for a supply by operation of law. For the purposes of section 141.02, consideration does not include nominal consideration. ... Example 6 Bank Z purchases office paper for making taxable supplies for consideration and for making exempt supplies. ...
Current CRA website

Application of Section 141.02 to Financial Institutions That Are Qualifying Institutions

Meaning of consideration Subsection 123(1) provides that consideration includes any amount that is payable for a supply by operation of law. For the purposes of section 141.02, consideration does not include nominal consideration. ... Example 6 Bank Z purchases office paper for making taxable supplies for consideration and for making exempt supplies. ...
Old website (cra-arc.gc.ca)

Real Property and the GST/HST

Where the consideration for a supply, or a portion thereof, is other than money, the value of that consideration is equal to the fair market value of the consideration at the time the supply was made. ... Combined consideration ss 153(2) 55. Where two or more supplies are made for a combined consideration, the total consideration must be attributed reasonably to each supply. ... A deposit is not treated as consideration paid for a supply until the supplier applies the deposit as consideration for the supply. ...
Current CRA website

Real Property and the GST/HST

Where the consideration for a supply, or a portion thereof, is other than money, the value of that consideration is equal to the fair market value of the consideration at the time the supply was made. ... Combined consideration ss 153(2) 55. Where two or more supplies are made for a combined consideration, the total consideration must be attributed reasonably to each supply. ... A deposit is not treated as consideration paid for a supply until the supplier applies the deposit as consideration for the supply. ...
Current CRA website

Real Property and the GST/HST

Where the consideration for a supply, or a portion thereof, is other than money, the value of that consideration is equal to the fair market value of the consideration at the time the supply was made. ... Combined consideration ss 153(2) 55. Where two or more supplies are made for a combined consideration, the total consideration must be attributed reasonably to each supply. ... A deposit is not treated as consideration paid for a supply until the supplier applies the deposit as consideration for the supply. ...
Scraped CRA Website

Application of Section 141.02 to Financial Institutions That Are Qualifying Institutions

Meaning of consideration Subsection 123(1) provides that consideration includes any amount that is payable for a supply by operation of law. For the purposes of section 141.02, consideration does not include nominal consideration. ... Example 6 Bank Z purchases office paper for making taxable supplies for consideration and for making exempt supplies. ...
Old website (cra-arc.gc.ca)

Harmonized Sales Tax: Provincial Transitional New Housing Rebates for Housing in Ontario and British Columbia

A builder would still be able to use either the floor space method or the consideration method at the time of filing the rebate. ... Consideration method Under this method, the estimated RST/PST content in the new housing is equal to 2% of the total consideration paid for the housing (i.e., the total amount paid to purchase the housing before any HST is applied and before any new housing rebate is taken into account). ... The individual may choose either the consideration method or the floor space method to calculate the rebate amount. ...
Current CRA website

Harmonized Sales Tax: Provincial Transitional New Housing Rebates for Housing in Ontario and British Columbia

A builder would still be able to use either the floor space method or the consideration method at the time of filing the rebate. ... Consideration method Under this method, the estimated RST/PST content in the new housing is equal to 2% of the total consideration paid for the housing (i.e., the total amount paid to purchase the housing before any HST is applied and before any new housing rebate is taken into account). ... The individual may choose either the consideration method or the floor space method to calculate the rebate amount. ...

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