Search - consideration

Amounts representing the hauling fee were included in the consideration for supply. ... The XXXXX and XXXXX are not excluded from consideration under the Taxes, Duties and Fees (GST) Regulation and they therefore form part of the consideration for the supply of the fuel in question. ... As such it forms part of the consideration on which the GST/HST is to be calculated. ...

Generally the value of consideration for a supply is expressed in money. Section 153 provides that the value of consideration, or any part thereof, for a supply shall be deemed to be the amount expressed in money or where the consideration is other than money, the fair market value of the consideration. Pursuant to subsection 123(1), consideration includes any amount that is payable for a supply by operation of law. ...

The supplier collects the 13% HST on the consideration payable for the sale of the granola bar. 2. ... If the granola bar is sold for consideration separate from the consideration for the cup of coffee, only the qualifying beverages (water and coffee) qualify for the rebate. ... The supplier collects the 5% federal portion of the HST on the total consideration payable for the sale of the milk and the sandwich, whether or not they are sold for a single consideration. ...

Consequently, a refund or credit to the Project Co, as provided for under the Guarantee would be regarded as a subsequent reduction in consideration pursuant to subsection 232(2). Subsection 232(2) states that [w]here a particular person has charged to, or collected from, another person tax under Division II calculated on the consideration or a part thereof for a supply and, for any reason, the consideration or part is subsequently reduced, the particular person may, in or within four years after the end of the reporting period of the particular person in which the consideration was so reduced, (a) where tax calculated on the consideration or part was charged but not collected, adjust the amount of tax charged by subtracting the portion of the tax that was calculated on the amount by which the consideration or part was so reduced; and (b) where the tax calculated on the consideration or part was collected, refund or credit to that other person the portion of the tax that was calculated on the amount by which the consideration or part was so reduced. ... As such, it is at the discretion of the Joint Venture (the particular person) whether to refund the GST on the reduction in consideration. ...

Under subsection 232(2), where a particular person has charged to, or collected from, another person tax calculated on the consideration or a part thereof for a supply and, for any reason, the consideration or part is subsequently reduced, the particular person may, in or within four years after the end of the reporting period of the particular person in which the consideration was so reduced, (a) where tax calculated on the consideration or part was charged but not collected, adjust the amount of tax charged by subtracting the portion of the tax that was calculated on the amount by which the consideration or part was so reduced; and (b) where the tax calculated on the consideration or part was collected, refund or credit to that other person the portion of the tax that was calculated on the amount by which the consideration or part was so reduced. ... Memorandum 12.2 states that a reduction in consideration may occur under the following circumstances: • when some or all of the consideration is returned; • as a result of surpassing a certain volume of purchases, i.e., a volume rebate; • where goods delivered are found to be substandard; or • where goods are returned to the supplier for a full or partial refund of the consideration. ... Another reason given above for a reduction in consideration is a "promotional allowance". ...

Ruling Requested Were the sponsorships received by the XXXXX consideration for taxable supplies? ... Please note that subsection 153(1) provides that the "value of consideration" for a supply is deemed to be: "(a) where the consideration... is expressed in money, the amount of the money; and (b) where the consideration... is other than money, the fair market value of the consideration... at the time the supply was made. ... The remainder of the $10,000 is not subject to GST since part of it is consideration for a supply that falls under the deeming provision of section 135, and the rest is a donation rather than consideration for a supply. ...

Company C supplied logs and money to Company A and received as consideration pulpwood valued at XXXXX[.] ... Company C supplies logs to Company B and received chips as consideration. ... Pursuant to subsection 165(1), the GST is calculated at the rate of 7% on the value of consideration. ...

It does so by eliminating from the calculation the consideration for the supply that becomes due or is paid before it becomes due. However, in the case of section 192, while the supply is deemed to have been made for a certain consideration, that consideration is not deemed either to become due or to be paid before it comes due. ... Therefore, the deemed consideration in paragraph 192(a) is not to be deducted from the value of the consideration used in calculating the deemed tax in paragraph 192(b). ...

The consideration is paid in full by March 31, 2010. 3. XXXXX are registered for GST/HST purposes. ... Deposits Please note that deposits given in respect of a supply are not consideration for a supply unless and until the supplier applies the deposit as consideration for the supply. ... If the consideration either becomes due or is paid before May 1, 2010, this rule applies. ...

The XXXXX Auctioneer charges the producers a commission as consideration for supplying auctioneering services. ... The consideration for the supply of feed does not include amounts on account of yardage or storage. ... On such occasions, the XXXXX Auctioneer will collect the GST on the consideration for supplying feed to the XXXXX purchaser. ...