Search - consideration

The payment of a sum to the union or to a charity in the context of adhering to a collective agreement can be seen as making a payment for consideration; that is, in return for paying the amount, the employee gets a job. The presence of a substantial consideration invalidates the payment as a gift. ...

The consideration for taxable supplies by the builder or a GST/HST registrant associated with the builder includes: the amount by which the consideration for a supply is reduced because of goods given as a trade-in; the value of supplies made between closely related corporations that elected for GST/HST purposes to otherwise treat the supplies as being made for nil consideration; and the fair market value of a supply made between persons not dealing at arm's length for less than its fair market value. ... The total consideration for Builder A's taxable supplies in its fiscal year ending March 31, 2010 was $8.5 million. ... Company B manufactures cabinets, the total consideration for the sales of which was $3 million in its fiscal year ending December 31, 2009. ...

Arbitration is not available for a particular taxation year of a case that has been accepted for competent authority consideration under paragraph 3(b) of Article IX of the Convention where the six-year notification period has been exceeded. ... If any Concerned Person rejects a determination, including by virtue of paragraph (b) above, the case will be closed and will not be subject to any further mutual agreement procedure consideration. ... Transitional Provision Cases under consideration by the competent authorities as of the date on which the Protocol entered into force (December 15, 2008) as referred to in 3(d)(1)(f)(i) of Article 27 of the Protocol are cases where the information necessary to undertake substantive consideration for a mutual agreement has been received by both competent authorities at the date that the Protocol entered into force. ...

An expense, including a pension-related expense, is incurred by an employer where the employer is liable to pay consideration to a third party supplier under an agreement for a supply. ... The employer is liable to pay the consideration under the agreement with the investment manager and is the recipient of the taxable supply. ... Since the pension-related expense incurred by the employer (i.e., the person liable to pay the consideration under the agreement for the supply) has been paid for out of the pension plan trust assets, the payment by the plan trust is consideration for a taxable supply of an investment management service made by the employer to the plan trust. ...

For reporting periods beginning before January 1, 2008, and ending on or after that day, the existing percentages will apply for consideration that became due, or that was paid without having become due, before January 1, 2008, and the new percentages will apply for all other consideration. We define "consideration" for a supply of a good or a service as any amount payable by law for that supply. Generally, consideration becomes due on the date you issue an invoice or the date specified in an agreement, whichever comes first. ...

As such, consideration received from the activities will be subject to GST/HST unless the person engaged in the activities is a small supplier and not registered. ... Substantially all of the supplies of property or service by the NPO are made for no consideration. 3. ... The value of the consideration charged by the NPO for renting out the meeting rooms does not exceed the direct cost of the supply of the property by the NPO. ...

Under the arrangement, a dentist who was a GST/HST registrant could, for each reporting period in a fiscal year, use an estimate up to a maximum of 35% of the total consideration charged for orthodontic treatments to represent the consideration for the supply of orthodontic appliances. ... A property or service is generally acquired for consumption or use in the course of a registrant’s commercial activities based on the extent to which the property or service is acquired for the purpose of making taxable supplies for consideration. ... An ITC must generally be apportioned where the property or service is acquired, imported or brought into a participating province for consumption or use, directly or indirectly, for the purpose of a dentist making both taxable supplies for consideration and exempt supplies. ...

A credit card surcharge is consideration strictly for the merchant’s acceptance of the use of a credit card as a payment method. Therefore, if a fee is, in whole or in part, consideration for some other service (such as a web or telephone service) or for the use of property (such as an online payment platform), the fee is not a credit card surcharge. ... In the case of a credit card surcharge, it will generally be treated as consideration for a separate supply of a financial service where it is shown and charged separately from the consideration for the property or service purchased with the use of the credit card and from all other fees or charges that may be payable by the customer. ...

For GST/HST purposes, the amount of the security charge is included in the consideration for the supply of the air transportation service. As such, where the supply of the service, other than a zero-rated supply, is made in a participating province, the total consideration for the supply, which includes the security charge, is subject to HST at 15%. Where the supply is made in a non-participating province, the total consideration for the supply, including the security charge, is subject to GST at 7% providing the supply is not zero-rated. ...

For example, this could occur when: a collection has been suspended because of an inability to pay caused by the loss of employment and the taxpayer is experiencing financial hardship; a taxpayer is unable to conclude a payment arrangement because the interest charges represent a significant portion of the payments; or payment of the accumulated interest would cause a prolonged inability to provide basic necessities (financial hardship) such as food, medical help, transportation, or shelter; consideration may be given to cancelling all or part of the total accumulated interest. Consideration would not generally be given to cancelling a penalty based on an inability to pay or financial hardship unless an extraordinary circumstance prevented compliance, or an exceptional situation existed. For example, when a business is experiencing extreme financial difficulty and enforcement of such penalties would jeopardize the continuity of its operations, the jobs of the employees, and the welfare of the community as a whole, consideration may be given to providing relief of the penalties. ...