Search - consideration
Results 8541 - 8550 of 13682 for consideration
GST/HST Interpretation
1 July 1995 GST/HST Interpretation 11740-4, 11755-11, 11755-22, 11735-1 - Application of GST to a Grant Paid Pursuant to an Agreement Entered into Between and
The grant being given by XXXXX to XXXXX must therefore be seen as consideration for a taxable supply. ... Subsection 168(1) states that tax becomes payable on the earlier of the day consideration is paid and the day consideration becomes due. When consideration for a supply becomes due is determined pursuant to subsection 152(1). ...
GST/HST Interpretation
11 June 1997 GST/HST Interpretation HQR0000415 - Notional Input Tax Credits on Section 85 (ITA) Rollover
Thus the only issue left is whether an amount was paid as consideration for the supply. ... The non-share consideration is commonly referred to as "boot". ... Share consideration and any "boot" received by the individual can therefore be seen as being an amount paid as consideration for the supply of the property. ...
GST/HST Ruling
5 March 1999 GST/HST Ruling HQR0000662 - Application of the GST/HST to Operational Expenses
However, subsection 141.01(1.1) states that for the purposes of subsections 141.01(2) and 141.01(3) the term "consideration" does not include nominal consideration. ... Monies from the long term loan from XXXXX or from the XXXXX are not regarded as consideration for taxable supplies. ...
GST/HST Interpretation
25 October 2002 GST/HST Interpretation 36992 - Sale of E-Books Over the Internet
Pursuant to section 159 of the Act, when the consideration for a supply is expressed in foreign currency (e.g., U.S. dollars), the value of the consideration shall be calculated based on the value of the foreign currency in Canadian currency. ... GST/HST becomes payable on the earliest of the day on which consideration is paid or becomes due. Consideration generally becomes due on the earliest of the day on which the supplier first issues an invoice for the supply, the date of the invoice and the day the recipient is required to pay the consideration pursuant to an agreement in writing. ...
Current CRA website
Out-of-Pocket Expenses
Recipient of a supply of property or a service generally means, where consideration for the supply is payable under an agreement for the supply, the person who is liable to pay that consideration, and where there is no such agreement and consideration is payable for the supply, the person who is liable to pay that consideration. ... The GST/HST will then apply on the total amount of the consideration on the client’s invoice. ... As a result, the amount is not included in the consideration on which the GST for the supplier’s service is calculated. ...
Old website (cra-arc.gc.ca)
Extension of Transfer Payment Policy
GST/HST Policy Statement P-061 DATE OF ISSUE May 25, 1993 SUBJECT Extension of Transfer Payment Policy LEGISLATIVE REFERENCE(S) Definitions of 'consideration' and 'supply', subsection 123(1) of the Excise Tax Act. ... Furthermore, is the financial assistance not consideration for a supply and therefore outside the scope of the ETA? RULING GIVEN: None of the financial assistance is consideration for a supply, nor is it a supply in itself. ...
Old website (cra-arc.gc.ca)
Treatment of a restrictive covenant
Application of proposed rules Isabelle Because Isabelle is to receive $50,000 for her restrictive covenant, she may add part of those proceeds to the $900,000 she is to receive for the sale of her shares of X Ltd.The part of the $50,000 that can be added is the amount by which the value of her share interest would increase if the covenant was provided for no consideration. ... Capital gain equals $950,000 ($950,000 proceeds less nil ACB) Where proceeds of disposition are: $900,000 in proceeds of disposition for shares of X Ltd. plus $50,000 of the covenant proceeds (which can be added to the proceeds of disposition from the sale of the business), determined as follows: Lesser of: i. $50,000 (amount receivable) ii. $100,000 (value by which Isabelle's share interest in X Ltd. would increase if covenants provided by her and Terence were provided for no consideration when compared with a sale in which no covenant is granted; that is 50% of $200,000), calculated as follows: To the extent $1 million (50% of $2 million if covenants for no consideration) is more than $900,000 (50% of $1.8 million, if no covenant granted). 2. ... The part of the $150,000 that can be added is the amount by which the value of his share interest would increase if the covenant was provided for no consideration. ...
Current CRA website
Extension of Transfer Payment Policy
GST/HST Policy Statement P-061 DATE OF ISSUE May 25, 1993 SUBJECT Extension of Transfer Payment Policy LEGISLATIVE REFERENCE(S) Definitions of 'consideration' and 'supply', subsection 123(1) of the Excise Tax Act. ... Furthermore, is the financial assistance not consideration for a supply and therefore outside the scope of the ETA? RULING GIVEN: None of the financial assistance is consideration for a supply, nor is it a supply in itself. ...
GST/HST Interpretation
10 March 2005 GST/HST Interpretation 59013 - FMV XXXXX Meeting
For an exempt or non-taxable supply of a residential complex, section 154 of the ETA does not provide for the consideration for such a supply or the FMV of such property at the time of its supply to be discounted to remove an imbedded or implicit amount of GST or HST. 3. ... In addition, where the consideration for a particular supply of another residential complex is used for purposes of a valuation methodology, any GST or HST that was imposed on that supply of the other residential complex can be excluded from the consideration. ... However, if a comparable used in the direct comparison method is an exempt sale of a residential complex, section 154 of the ETA does not provide for the consideration of that exempt sale to be discounted to remove an imbedded or implicit amount of GST or HST. ...
GST/HST Interpretation
2 May 1997 GST/HST Interpretation HQR0000373 - The Application of GST to Money and Services Provided by
Consideration may be composed of money and/or goods and services that are exchanged in return for the supply by the PSB. In accordance with section 165 and 221 of the ETA, the PSB is required to collect GST on the fair market value of the consideration payable for the supply. Note, in the case where the consideration is other than money, GST is charged on the fair market value of the goods and services provided at the time the supply is made. ...