Search - consideration

False or misleading information Under subsection 237.1(7.4), every person: who files false or misleading information in Form T5001- Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records, or who as a principal or as an agent sells, issues or accepts consideration in respect of a tax shelter before the Minister of National Revenue has issued an identification number is liable to a penalty that is the greater of both: $500 25% of the greater of both: the total of all consideration received or receivable in respect of the tax shelter before the correct information is filed with the Minister, or the identification number is issued the total of all amounts stated or represented to be the value of property a person who acquires or invests in the tax shelter could donate to a qualified donee, if the tax shelter is a gifting arrangement and consideration has been received or is receivable before the correct information is filed with the Minister, or the identification number is issued Forms and publications Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records Report a problem or mistake on this page Thank you for your help! ...

Accommodation platform operator Accommodation platform operator, in respect of a supply of short-term accommodation made through an accommodation platform, means a person (other than the supplier or an excluded operator in respect of the supply) that controls or sets the essential elements of the transaction between the supplier and the recipient; if the above does not apply to any person, is involved, directly or through arrangements with third parties, in collecting, receiving or charging the consideration for the supply and transmitting all or part of the consideration to the supplier; or is a prescribed person (no person is currently prescribed). Canadian accommodation related supply Canadian accommodation related supply means a taxable supply of a service made to a person in connection with a supply of short-term accommodation situated in Canada made to the person; and the consideration for which represents a booking fee, administration fee or other similar charge. ... Recipient Recipient of a supply of property or a service means: where consideration for the supply is payable under an agreement for the supply, the person who is liable under the agreement to pay that consideration; where bullet (a) does not apply and consideration is payable for the supply, the person who is liable to pay that consideration where no consideration is payable for the supply: in the case of a supply of property by way of sale, the person to whom the property is delivered or made available in the case of a supply of property otherwise than by way of sale, the person to whom possession or use of the property is given or made available in the case of a supply of a service, the person to whom the service is rendered And any reference to a person to whom a supply is made shall be read as a reference to the recipient of the supply. ...

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. ...

., My Account, My Business Account, Benefit Online Application, Automated Benefit Application, Electronic Transfer of Accounting Data) ABSB, CPB, LPRAB, TSDMB/- /- 2.1.1.2 Establish criteria and measure the SD benefits of CRA electronic services (Annual) SD benefits are measured F&A (SD)/ ABSB, CPB, LPRAB, TSDMB/- Objective 2.2: Increase CRA outreach and communications Long-term outcome: Taxpayers and benefits recipients use CRA self-service options Target and measure Activity Output Accountability (OPI/OCI/Partner) Target 2.2.1: Canadians have greater access to tax and benefits information through outreach activities Measure: Type of outreach events and number of participants 2.2.1.1 Increase the number of groups targeted for outreach events and integrate SD considerations and messages into outreach activities and communication (2014) Outreach events that incorporate SD considerations; SD messages are on the National Outreach Coordinating Committee website ABSB, CPB, PAB, TSDMB/ F&A (SD)/- 2.2.1.2 Measure and communicate the SD benefits of CRA outreach activities (Annual) Report on SD benefits of outreach activities F&A (SD)/ TSDMB, PAB /- Goal 3: Improve business sustainability Objective 3.1: Improve sustainability in human resources management Long-term outcome: Sustainable workforce Target and measure Activity Output Accountability (OPI/OCI/Partner) Target 3.1.1: Employees have increased access to electronic training and learning options Measure: New e-learning products and processes 3.1.1.1 Integrate SD messages in human resources communications and products related to recruitment, career management, and healthy and respectful workplace (Annual) By 2014, SD messages in recruitment campaigns (e.g., external student/ graduate hiring, good practices on telework, Respectful Workplace Site) HRB/ F&A (SD)/- 3.1.1.2 Increase and promote electronic options to minimize the need for printed training and learning materials (2014) New electronic training and learning options HRB/ F&A (SD)/- Target 3.1.2: SD awareness among employees is maintained at a minimum of 90% Measure: Percentage of employees aware of SD at the CRA 3.1.2.1 Develop and promote an SD online learning product for employees (2014) Online SD learning product is available for employees; online knowledge transfer guide for MGs and ECs; e-learning solutions for auditors by 2014 F&A (SD)/ HRB (TLD)/- 3.1.2.2 Continue to deliver the SD module within the F&A training session of MGLP (Annual) SD module in MGLP is delivered F&A (SD)/ HRB/- 3.1.2.3 Modernize the SD Program management and communication (2014) SD accountabilities are integrated into job functions; wiki application by 2012 F&A (SD), SD Network/ HRB/- 3.1.2.4 Conduct the SD Awareness Survey (2014) SD Awareness Survey Report F&A (SD)/ PAB (EPMD, POREAD)/ EKOS Objective 3.2: Incorporate SD in information technology processes Long-term outcome: Sustainable information technology services and infrastructure Target and measure Activity Output Accountability (OPI/OCI/Partner) Target 3.2.1: SD considerations are integrated into the life cycle management of IT processes and infrastructure Measure: Types of SD considerations included in IT management 3.2.1.1 Integrate SD criteria in ITB project templates (2014) SD criteria in project templates ITB/ F&A (SD)/- 3.2.1.2 Integrate SD considerations into ITB training and learning products (Annual) IT training/ learning products include SD (i.e., Welcome Aboard and Setting the Compass) ITB/ F&A (SD)/- 3.2.1.3 Measure and communicate SD benefits associated with IT improvements (2013) Report on SD benefits of IT improvements ITB/ F&A (SD)/- Objective 3.3: Integrate SD into CRA accountability framework Long-term outcome: SD is part of the corporate culture Target and measure Activity Output Accountability (OPI/OCI/Partner) Target 3.3.1: SD is integrated into corporate accountability framework Measure: Types of corporate documents and templates that have integrated SD 3.3.1.1 Integrate SD into corporate plans and reports (Annual) SD integrated into RPP/CBP, DPR/ Annual Report F&A (SMPSD)/ SIB, SD Network/- 3.3.1.2 Continue integrating SD measures in EC performance agreements and MG performance expectations (Annual) SD measures integrated in 100% of EC performance agreements and 90% of MG performance expectations HRB, SIB/ F&A (SD)/- 3.3.1.3 Integrate SD criteria into key corporate templates (Annual) SD criteria integrated in key Agency templates (RIMC, Strategic Investment, Benefits Measurement Plan, FACS) F&A (RMD, SMPSD)/ CAEB/ F&A (SD) 3.3.1.4 Use the SD Criteria Tool to integrate SD considerations into CRA policies, programs, plans, and projects (2014) CRA Policies, programs, plans, and projects include sustainability criteria ABSB, CPB, HRB, ITB, TSDMB/ F&A (SD)/- 3.3.1.5 Update the SD Line of Enquiry for use in internal audits (2012) SD Line of Enquiry updated CAEB/ F&A (SD)/- Next page Previous page Page details Date modified: 2011-06-15 ...

Decision A would charge GST on the consideration for the tangible personal property (e.g. mining equipment for personnel, crushers, vehicles), B would account for the GST on the consideration for the taxable supplies of real property (e.g. mine office, refinery) and no tax would be collected on the supply of the mineral rights (e.g. mining permits). ... A would collect and account for the GST on the consideration for the supply of the tangible personal property; B would account for the GST on the consideration for the supply of the real property; and the supply of the right to explore for or exploit a mineral deposit would be deemed not to be a supply. ... Generally, GST/HST will not apply in a typical farm-out transaction unless there is some monetary consideration. ...

Patients who have paid GST after June 30, 1996 on the consideration for laser eye surgery services may file a rebate application with the Department within two years after the amount is paid. ... However, if the facility charge were billed separately from the practitioner's fee, the facility charge would be treated as consideration for a separate supply. ... The total consideration is GST exempt. This ruling is subject to the general limitations and qualifications outlined in the GST Memoranda Series (1.4). ...

The B.C. transition tax is equal to 2/102 of such consideration (i.e., the consideration as it would be determined for a non-grandparented sale must be divided by 1.02 and the 2% B.C. transition tax applies to that amount). ... For purposes of calculating the B.C. transition tax, the consideration is $588,235 ($600,000 ÷ 1.02). ... The consideration payable (that is, the price before GST or any rebates) is $600,000. ...

The following persons have to file a T5008 slip and information return: every trader or dealer in securities who buys a security as principal (for their own account) or sells a security as an agent or nominee for any vendor every person in the business of buying and selling precious metals in the form of certificates, bullion, or coins who makes a payment to another person for a sale of precious metals by that other person every person who, as a nominee or agent for another person, gets the proceeds of a sale or other transaction carried out in the name of the nominee or agent every person who makes a payment to, or acts as a nominee or agent for, an individual resident in Canada for the disposition or redemption of a debt obligation in bearer form every person (other than an individual who is not a trust) who acquires, redeems, or cancels a security issued by that same person, except when the transactions involve the following: exchanges of shares for new shares in the course of a reorganization of the capital of a corporation (section 86), if no consideration other than the new shares is receivable securities disposed of when a partnership ends [subsection 98(3)] securities transferred when a new partnership is formed from a predecessor partnership [subsection 98(6)] convertible property (section 51), that is, when a corporation's shares, bonds, debentures, or notes are exchanged for shares of the same corporation and no consideration other than the new shares is receivable redemptions, cancellations, or acquisitions of securities made during an amalgamation (section 87) exchange of capital property that is a convertible debt obligation for another debt obligation (section 51.1) Note If cash or some other consideration totalling $200 or less is received instead of a fractional interest in shares during an exchange to which section 51 or 87 applies, you do not need to report the transaction. If the cash or other consideration is more than $200, you have to report the entire exchange transaction. ...

Reportable seller A reportable seller is all of the following: A seller that is registered on the platform for the provision of a relevant activity A seller that is an active seller What is an active seller An active seller is a seller that either provided relevant activities during the reportable period (calendar year) or has been paid or credited consideration in connection with relevant activities during the reportable period. A seller that is not an excluded seller A seller that is determined to: Be resident in a reportable jurisdiction Have provided relevant services for the rental of real or immovable property located in a reportable jurisdiction Have been paid or credited consideration in connection with relevant services for the rental of real or immovable property located in a reportable jurisdiction What is a reportable jurisdiction If the platform operator is resident in Canada, a reportable jurisdiction means Canada and any partner jurisdiction. ... For more information about residency, refer to: Residency of a corporation Residency of an individual Residence of a trust or estate When the rules don't affect you The rules do not affect you if you are considered to be an excluded platform operator Excluded platform operator A platform operator is considered an excluded platform operator if they can demonstrate that their entire business model: Does not allow sellers to derive a profit from the consideration Does not have reportable sellers Document navigation Next: What information is shared Page details Date modified: 2024-11-12 ...

These papers will provide more in-depth analysis of the methodological and practical considerations associated with tax gap estimation, and will further enhance our understanding of how this tool could assist the Agency in administering Canada's tax system. These papers will take a variety of approaches to analyzing further the methodological and practical considerations associated with tax gap estimation. ... The paper will investigate previous estimates of the international tax gap, and will outline the methodological and practical considerations that come into play when developing an international tax gap estimate. ...