Search - consideration

For a supply of a service, the HST would generally apply to any consideration that becomes due, or is paid without having become due, on or after February 1st, 2013, to the extent that the consideration relates to the part of the service performed on or after April 1st, 2013. ... The HST would generally apply to consideration that becomes due, or is paid without having become due, on or after February 1st, 2013, for a supply of a service, to the extent that the consideration is for the part of the service that is performed on or after April 1st, 2013. ... For example: In February 2013, a contractor agrees to supply and install home theatre equipment for a single consideration. ...

Therefore, it must be determined if the amount charged by the registrant represents consideration only or consideration and tax. Generally, the amount charged is determined to be the value of the consideration for the supply. ... For GST/HST purposes, in arm's length transactions, the value of consideration is normally an amount declared by the supplier (i.e., the price charged by the supplier represents the value of consideration). ...

The payment is an amount other than consideration for the supply under the agreement. ...

In certain circumstances, the Income Tax Act considers that a property has been disposed of, even though no real compensation in the form of money or other consideration has been received. Some examples of when a deemed disposition may occur are: transfers of property to a trust gifts of property (that is, the name of the beneficial owner of the property is changed) the owner dies the owner ceases to be a resident of Canada In this guide, "sale" generally refers to a transaction where the ownership of property is transferred from one person or entity to another for a sum of money or other consideration. In the case of a deemed disposition, ownership of the property is not transferred for money or other consideration. ...

The value of the consideration for the supply made by one person is the fair market value of property received from the other person. ... Under this subsection, where: a) the consideration or a part of the consideration for a supply of property of a particular class or kind is property of that class or kind, b) both the supplier and the recipient are registrants, and c) the property is acquired by the recipient and the consideration or that part thereof is acquired by the supplier as inventory for use exclusively in commercial activities of the recipient or supplier, as the case may be, the value of the consideration or that part thereof shall be deemed to be nil. ... Hence, the value of consideration for the supply by each of Co. A and Co. ...

The consideration paid by the customer for the supply of photocopies exceeds the direct cost (as defined in subsection 123(1) of the ETA) to the charity. 3. ... The consideration paid by the customer for the supply of photocopies exceeds the direct cost (as defined in subsection 123(1) of the ETA) to the public institution. 4. ... The consideration is based on a cost per photocopy. 1. The consideration paid by the customer for the supply of photocopies exceeds the direct cost (as defined in subsection 123(1) of the ETA) to the public institution 4. ...

Example 4 Securities Dealer D makes taxable supplies for consideration and exempt supplies. ... Example 5 Securities Dealer E makes taxable supplies for consideration and exempt supplies. ... The sum of the procurative extent of a business input (or the operative extent of a business input) for the purpose of making taxable supplies for consideration and for purposes other than making taxable supplies for consideration must be equal to 100%. ...

Any amount an assignor paid as a deposit to a builder is included in the consideration for a taxable assignment sale. ... Typically, the consideration for an assignment sale includes an amount attributable to a deposit that had previously been paid to the builder by the assignor. ... The amount of a new housing rebate under the GST/HST legislation is determined based, in part, on the total tax paid and the total consideration for a taxable supply of a house, which includes any other taxable supply of an interest in the house (for example, the tax and consideration paid by an assignee for a taxable assignment sale). ...

As such, the vendor is required to charge the applicable rate of GST/HST calculated on the total consideration payable for the part, including the core charge. ... The registrant is required to charge the GST/HST calculated on the consideration payable for the used part. ... The registrant is also required to charge 13% HST calculated on the $15 credited by the retailer (consideration paid for the dead battery). ...

The GST/HST applies to the consideration in respect of the supply of the rented vehicle as well as the consideration applicable to the loss or collision damage waiver (LDW) when accepted by the customer. ... Rationale: The payment by the customer does not represent consideration for a supply of property or services made by the car rental agency to the customer as no supply takes place in respect of the payment. ... Rationale: The payment of the $250 does not represent consideration for a supply of property or services made by the car rental agency to the customer as no supply takes place in respect of the payment. ...