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Value of consideration Meaning of “consideration” 7. The “consideration” payable for the purchase of a unit is the amount to be paid for the unit before any calculation of the tax payable and rebate entitlement in respect of the purchase of the unit. ... The rebate factor can be used in the following formula to determine the value of the consideration payable for a unit: Consideration = Stated price net of rebate ÷ Rebate factor. ... Calculation method Consideration = (Stated price net of rebate + $28,350) ÷ 1.113 Footnote 2 Tax payable = Consideration × 0.05 (or 5%) GST new housing rebate = $6,300 – (E × 0.063) where E = the consideration in excess of $350,000 (Note: The rebate gradually decreases based on the consideration in excess of $350,000.) ...

Issuer donates a gift certificate to a charity for no consideration When the issuer transfers a gift certificate directly to a charity for no consideration, there has not been a valid transfer of property as noted in paragraph 2.2 above. ... Issuer gives a gift certificate to a charity for consideration When the gift certificate is issued to the registered charity for consideration equal to the fair market value, the issuer must include the consideration received in their income. Since the consideration the issuer receives constitutes an advantage, the eligible amount of the gift will be NIL. ...

When consideration becomes due For GST/HST purposes, in the case of a written lease agreement for non-residential real property, consideration becomes due on the day the lessee is required to pay the consideration under the agreement. ... When consideration is paid without becoming due For GST/HST purposes, in the case of a supply of non-residential real property made by way of lease, consideration is paid without having become due when the lessee pays the consideration before the lessee is required to pay the consideration (for example, payment is made before the consideration becomes due under a written lease agreement). ... Deposits Deposits given in respect of a supply are not consideration for a supply unless and until the supplier applies the deposit as consideration for the supply or the amount is forfeited. ...

When consideration becomes due For GST/HST purposes, in the case of a written lease agreement for non-residential real property, consideration becomes due on the day the lessee is required to pay the consideration under the agreement. ... When consideration is paid without becoming due For GST/HST purposes, in the case of a supply of non-residential real property made by way of lease, consideration is paid without having become due when the lessee pays the consideration before it is required to be paid (for example, payment is made before the consideration becomes due under a written lease agreement). ... Deposits Deposits given in respect of a supply are not consideration for a supply unless and until the supplier applies the deposit as consideration for the supply or the amount is forfeited. ...

September 24, 2013 Segment 3: Artistic merit criterion; objective evidence; private benefit considerations Video: Segment 3: Artistic merit criterion; objective evidence; private benefit considerations Transcript This segment provides specific information about the artistic merit criterion, what the CRA expects as objective evidence and the private benefit considerations. ...

Lessons learned and corrective actions Next page 6.1 Measuring Progress: Strategic Considerations Extensive research was undertaken to develop an approach to weighting the results of our strategy. ... In consideration of the high cost of developing new data sources, it is anticipated that more effort will be needed to develop existing data sets to extract the information needed for effective measurement of SD progress. 6.2 Project Management Considerations A total of 13 activities were added to the SD work plan in 2005-2006. ...

A number of considerations are provided in the pages that follow. Chapter 4.6.0 indicates that the RTA does a preliminary identification of potential issues. ... Assessing the risk of each issue of concern, and thereby determining the scope of the review, depends on numerous factors and considerations. ... Such might be the case when a claimant representative has a significantly different interpretation of the Act than the CRA, or when there is a systemic or recurring issue specific to an industry sector. 4.4.0 Other planning considerations Planning for some claim reviews can involve additional procedural considerations or requirements. ...

Table of Contents Assessments or reassessments Issuing a Notice of Assessment Objection process Filing a Notice of Objection Specified persons Input tax credit allocation for financial institutions Late compliance Objection to more than one assessment Restrictions Limitations on objection when waiver signed Limitations on objections Processing a Notice of Objection Consideration of objection Results of decision Appeal of reassessment directly to the Tax Court of Canada Extension of time to object Filing the documentation Duties of the Minister Date of objection if application granted Extension of time limit by the Tax Court of Canada to file a Notice of Objection Conditions to be met for application to be granted Appeal process to the Tax Court of Canada Procedures for hearing appeals Informal Procedure General Procedure Limitations on appeals to the Tax Court of Canada Extension of time limit to appeal to the Tax Court of Canada Applying for extension Filing documentation Conditions to be met Referral to the Tax Court of Canada by Minister and Taxpayer Referral of common questions to the Tax Court of Canada Where the Tax Court of Canada may determine a question Determination and Appeal Time during consideration not counted Federal Court of Appeal Supreme Court of Canada Amounts assessed are payable Security posted Objections and appeals for other taxes Assessments or reassessments 1. ... A person’s threshold amount for any fiscal year is calculated by reference to the total value of the consideration (other than consideration referred to in section 167.1 that is attributable to goodwill of a business) for taxable supplies (other than supplies of financial services, sales of capital real property and zero-rated exports) made in Canada by that person (and any associates) in the immediately preceding fiscal year. ... Consideration of objection 25. Upon receipt of a Notice of Objection, subsection 301(3) provides that the Minister shall reconsider the assessment and vacate or confirm the assessment or make a reassessment. 26. ...

In 2024, the ePayroll Project Team will present a business case and a costed implementation plan to the Government of Canada for their consideration. ... They believe that ePayroll could help increase the efficiency of the tax system, including some specific considerations around T4 slips and Records of Employment. ... The concerns identified by participants include the Government of Canada’s track record of implementing digital platforms, and important considerations around the data security and the protection of private information. ...

Specific situations not accepted for Canadian competent authority negotiation consideration 25. ... However, a taxpayer’s stated intention to pursue MAP relief or not may be taken into consideration by the TSO when deciding whether to enter into an audit settlement or not. Provincial income tax considerations 74. The provinces and territories are not bound by Canadian tax conventions. ...