Search - consideration

Consideration – includes any amount that is payable for a supply by operation of law. ... Use Form GST59, GST/HST Return for Imported Taxable Supplies and Qualifying Consideration, to remit the tax. ... During the quarterly reporting period, 70% of your hydro usage relates to your exempt supplies and 30% relates to taxable supplies for consideration. ...

Consideration includes any amount that is payable for a supply by operation of law. ... For more information, see GST/HST Memorandum 18-4, Determining Whether a Transfer Payment is Consideration For a Supply. ... Also, there are special rules for supplies made for no or nominal consideration. ...

Ongoing awareness of the need to minimize the administrative burden placed on small business is reflected in our strategic plans, principles of service delivery, and business transformation, and this consideration is increasingly systemic in our daily operations. ... We will build on these initiatives and others as part of our program process, giving due consideration to the needs of small businesses. ... Burden reduction considerations have been incorporated into forms' reviews. ...

Consideration- includes any amount that is payable for a supply by operation of law. ... If the fair market value of the property or service supplied by the charity or public institution is less than $500, the supply is deemed to have been made for no consideration and as a result no GST/HST applies. ... You use a fair and reasonable ITC allocation method to determine that 40% of the office is for use in making taxable supplies for consideration. ...

However, because the written agreement of purchase and sale was entered into after June 16, 2016, and before October 2016, and the agreement does not meet the disclosure requirement, the HST payable by the purchaser is calculated at the rate of 14%: HST = $350,000 × 14/114 = $42,982.46 Consideration = $350,000 − $42,982.46 = $307,017.54 However, the builder is considered to have collected the HST at 15%: HST = $307,017.54 × 15% = $46,052.63 Self-supply of new housing A builder who constructs or substantially renovates new housing for rental purposes is generally considered to have made a taxable “self-supply” (sale and repurchase) of the housing when the builder gives possession or use of the housing, or a unit in it, under a lease, licence, or similar arrangement to an individual who is the first to occupy the housing as a place of residence. ...

Consideration – includes any amount that is payable for a supply by operation of law. ... When you acquire property or services partly for use in making taxable supplies for consideration, and partly for use in making exempt supplies, you must apportion the GST/HST accordingly in calculating your ITC claim. Also, there are special rules for supplies made for no or nominal consideration. ...

Additionally, the Government of Canada’s desire to remove extraneous content from its webpages in preparation for the launch of the Canada.ca multi-departmental website is also a consideration for those who design the webpages. ... Further interpretative content is provided under a second hyperlink, “ CPP/EI Explained ”, where users can access specific considerations for determining a worker’s status. ... This will continue to be an iterative process between the impacted stakeholders, with semi-annual check points taking into consideration filing season and the demands on the phone program. ...

However, because the written agreement of purchase and sale was entered into after March 30, 2016, and before July 2016, and the agreement does not meet the disclosure requirement, the HST payable by the purchaser is calculated at the rate of 13%: HST = $350,000 × 13/113 = $40,265.49 Consideration = $350,000 − $40,265.49 = $309,734.51 However, the builder is considered to have collected the HST at 15%: HST = $309,734.51 × 15% = $46,460.18 If this example had been set in Newfoundland and Labrador, and all other facts remained the same, the sale of the new house would still have been subject to HST at 15% and the builder would still have been considered to have collected HST at 15% (that is, $46,460.18 HST) since the agreement does not meet the disclosure requirements. ...

Alternatively, consideration could be given to amending the line item in the CRA Financial Statements for Administered Activities from “Non-Resident Tax Revenue” to “Non-Resident Tax Withholding Revenue”. ...

Reference: SR&ED Filing Requirements Policy Part 9 – Claim preparer information In this part, you must provide the prescribed information on each claim preparer that has accepted consideration to prepare or assist in the preparation of this SR&ED claim. ... Claim preparer means a person or partnership that has accepted consideration to prepare or assist in the preparation of the form but does not include an employee who prepares or assists in the preparation of the form in the course of performing their duties of employment. ... Other Considerations Maintaining appropriate supporting evidence will facilitate the review of your claim and help you to substantiate your claim. ...