Search - consideration

Lim”) for no consideration. At the time of the transfer of his half share of the family home, Mr. ... Lim with consideration in the amount of $530,000, in exchange for Mr. ... Did the Appellant provide consideration for the transfer of property? ...

  [13]     Article 5 deals with the [translation] "Consideration". ... The Queen, [2002] G.S.T.C. 11, constitute consideration for the supply of a service to parents ...   [54]     Where there is a direct link between the subsidy and the price of the service, the subsidy must be regarded as the consideration, or part of the consideration, for the service, and it is taxable if the service is taxable ...

Thus, the Appellant submits that the consideration that he gave at the time of the transfer of the Property is higher than the consideration set out in the contract of sale ... In my view, if the amount of the consideration set out in the written contract does not reflect the fair market value, at the time of the transfer, of the consideration given, the Act would be applied incorrectly if the consideration set out in the contract were used in order to make an assessment under section 160. ... In addition, it is my view that the fair market value, at the time of the transfer, of the consideration given, also includes anything that may have been given in consideration for the property up until the date of the transfer ...

That time cannot extend beyond the day on which the supplier applies a deposit as partial consideration. ... On the other hand, a deposit on account of consideration represents a partial payment of the consideration for a supply at the time of making the contract giving rise to the supply. ... Example of an Amount that Constitutes a Deposit on Account of Consideration   12. ...

Although Exhibit A‑2 does not indicate the true consideration, the amount given as consideration was established by the testimonies of Milad Abdulnour and Abdul Massih Abdulnour ... Hence, the consideration is two thirds of the balance, that is, $48,205.33. ... In this context, it is difficult to establish an exact consideration, if any. ...

That subsection does not use the word “consideration” as does subsection 160(1). Indeed, subsection 160(1) speaks of the fair market value... of the consideration given for the property”. ... I do not interpret the words “the product of’ as meaning “consideration given for’. ...

Vasilkioti give consideration to Mr. Vasilkioti for the transfer of his 50% interest in the Property (in addition to the Admitted Consideration), and if so, what was the fair market value of such consideration? ... Vasilkioti gave consideration (including the Admitted Consideration) to Mr. ... Vasilkioti provided consideration (including the Admitted Consideration) to Mr. ...

In Attis, that something was the possible existence of a premium in excess of the consideration for the properties. ... No mention is made therein of the consideration paid to satisfy the sale price. ... It is not usually necessary to determine the value of a non-monetary consideration in order to determine the proceeds of a disposition. ...

Subsections 165(1), 168(1) and 152(1) read: 165(1) Subject to this Part, every recipient of a taxable supply made in Canada shall pay to Her Majesty in right of Canada tax in respect of the supply calculated at the rate of 7% on the value of the consideration for the supply. 168(1) Tax under this Division in respect of a taxable supply is payable by the recipient on the earlier of the day the consideration for the supply is paid and the day the consideration for the supply becomes due. 152(1) For the purposes of this Part, the consideration, or a part thereof, for a taxable supply shall be deemed to become due on the earliest of (a)         the earlier of the day the supplier first issues an invoice in respect of the supply for that consideration or part and the date of that invoice, (b)         the day the supplier would have, but for an undue delay, issued an invoice in respect of the supply for that consideration or part, and (c)         the day the recipient is required to pay that consideration or part to the supplier pursuant to an agreement in writing. It appears to me, however, that the provision governing the incidence of tax on this transaction, which is by way of a conditional sales contract, is subsection 168(3): 168(3) Notwithstanding subsections (1) and (2), where all or any part of the consideration for a taxable supply has not been paid or become due on or before the last day of the calendar month immediately following the first calendar month in which (a)         where the supply is of tangible personal property by way of sale, other than a supply described in paragraph (b) or (c), the ownership or possession of the property is transferred to the recipient, (b)         [not relevant] (c)         [not relevant] tax under this Division in respect of the supply, calculated on the value of that consideration or part, as the case may be, is payable on that day. In either event, tax on the full consideration of $50,000 was payable not later than November 30, 2003. [8]      Section 232 [3] of the Act makes provision for a vendor to refund tax paid to a customer in circumstances where the sales contract is later mutually rescinded, or is adjusted to reduce the price. ...

Take 36% of $7,000, or $2,520 so that initially the consideration is $102,520. ... The value of consideration can be determined in those cases where a rebate forms part of the value of consideration by applying a "rebate factor". ... (c) Is the value of consideration made up of this stated price plus the new housing rebate? ...