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Results 8551 - 8560 of 13696 for consideration

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. ...

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. ...

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. ...

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. ...

17 December 1999 GST/HST Interpretation HQR0001767 - Referral Services - HST Place of Supply Rules

In consideration for the business referrals, XCo pays a fee to the bank pursuant to the terms of the national contract. ... Interpretation Given The contract outlining the terms of the referral services was not provided for our consideration. ... Subsection 165(1) of the ETA imposes GST at a rate of 7% on the consideration for taxable supplies (not zero-rated) made in Canada, subsection 165(2) imposes an additional tax at 8% with a resulting combined HST rate of 15% on the consideration for taxable supplies made in a participating province (New Brunswick, Newfoundland, or Nova Scotia). ...

23 June 2000 GST/HST Interpretation 30627 - Confirmation of Redemption of Coupons in Electronic Format for Goods and Services

You stated that as there is no consideration for the electronic coupon (the points), it would not be a gift certificate as defined in policy statement P-202. ... As consideration is not paid for the points, they generally would not be gift certificates pursuant to policy statement P-202. ... Pursuant to subsection 181(4) of the ETA the consideration for the property or service is reduced by the coupon amount before GST/HST is applied. ...

24 January 2000 General Information Letter 6986/HQR0000592 - GENERAL INFORMATION LETTER Request for GST Interpretation for Generic "Terms and Conditions["] -

What must be determined with respect to the programs delivered under the XXXXX XXXXX is whether payments made by XXXXX under these programs are consideration for a taxable supply. ... Therefore, where it is determined that a payment is consideration for a taxable supply it will be subject to the GST/HST. ... TIB-067 basically provides that where a grantor organization makes a payment for a supply which is for the public good, the payment will not be viewed as consideration. ...

28 July 2003 GST/HST Interpretation 46064 - Damage Claim Settlements

To the extent that such a payment is made in order to compensate the customer and not in order to obtain a supply, it should be regarded as other than consideration. GST/HST is only payable with respect to a payment that is other than consideration if it falls under subsection 182(1) of the ETA. ... In such a case, all or a portion of the payment could be regarded as consideration for a supply, rather than as a damage settlement payment. ...

16 July 2003 GST/HST Interpretation 37088 - FMV and HST on New Apartment

However, where the FMV includes any tax amount specifically excluded under section 154 from the consideration of a supply, then for GST/HST purposes that FMV must be adjusted to exclude such an amount of tax. ... As such, HST that is payable by the recipient of a supply of the real property is excluded from the consideration for that supply of real property. ... For example, where the comparable used in the direct comparison approach is a recent re-sale of a RCU (i.e. an exempt sale of a RCU that was previously occupied as a place of residence or was sold by someone other than a builder) there is no legislative basis for discounting the consideration payable by the purchaser by an amount estimated to be the HST imbedded in that consideration. ...

16 January 2004 GST/HST Ruling 39704 - Purchase and Sale of Real Property

The present ruling deals with the value of the consideration on which the GST was applicable. ... Issue As explained in our ruling XXXXX XXXXX, the GST was required to be calculated at 7% on the consideration for the supply of the Property. ... Ruling Given For purposes of the GST, the value of consideration for the supply of the Property is the purchase price net of the lease adjustment XXXXX. ...

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