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GST/HST Memoranda Series (by chapters) GST/HST Memoranda Series (by chapters) 14) Special provisions 14-1 Direct Sellers 14-4 Sale of a Business or Part of a Business 14-5 Election for Nil Consideration 14-6 Trade Unions and Similar Employee Associations Report a problem or mistake on this page Thank you for your help! ...

Appendices Next page Appendix 1: Action Plan Goal 1: Strengthen internal commitments and capacity Goal 2: Integrate SD considerations into decision-making plans and processes Goal 3: Reduce the environmental impact of operations in support of SD Appendix 2: SD Representatives, March 31, 2000 Next page Page details Date modified: 1999-11-01 ...

Conversely, consideration for a supply of specified energy will generally not include consideration for transportation services that are not incidental to the supply of energy itself. ... Since the delivery charges are incidental to the purchase of the natural gas, the total consideration for the supply of the natural gas will include the consideration attributable to the delivery charge. ... However, the consideration payable for the distribution services is not part of the consideration payable for the energy, and consequently, the tax payable for this consideration is not subject to the RITC requirement. ...

Conversely, consideration for a supply of specified energy will generally not include consideration for transportation services that are not incidental to the supply of energy itself. ... Since the delivery charges are incidental to the purchase of the natural gas, the total consideration for the supply of the natural gas will include the consideration attributable to the delivery charge. ... However, the consideration payable for the distribution services is not part of the consideration payable for the energy, and consequently, the tax payable for this consideration is not subject to the RITC requirement. ...

For purposes of the Excise Tax Act (the "ETA"), forgiven debts pursuant to an arrangement under the Companies' Creditors Arrangement Act are considered to be bad debts as opposed to reductions of consideration. ... Opco could not pay the consideration nor the GST/HST payable in respect of the supplies. ... Rationale Suppliers A, B and C filed their returns accounting for the GST/HST payable under Division II in respect of the supplies, remitted their net tax and a portion of the debt consisting of both consideration and tax owed by Opco became uncollectible. ...

Subsection 231(1) provides that where a person reports the tax collectible in respect of an arm's length taxable supply (other than a zero-rated supply) on its GST/HST return for the appropriate reporting period, remits the net tax remittable on that return, and subsequently writes off all or part of the consideration and tax for the supply as a bad debt, the person may, in determining its net tax for the reporting period in which the bad debt is written off, deduct an amount determined in accordance with the formula set out in that provision. ... To finance this arrangement, ABC has entered into a written agreement (the "Agreement") with XYZ financing under which ABC assigns, for consideration, receivables from its customers. ... ABC reviewed the situation, attempted to collect the outstanding consideration and tax, and determined there to be no reasonable prospect of collecting any part of the receivable from Echo. ...

Does the partner receive separate consideration for a supply of property or a service provided to the partnership under the agreement? ... Comments The general partner is clearly responsible for managing the residence under the terms of the written limited partnership agreement and does not receive any separate consideration for doing so. ... T to the partnership and GST/HST applies to the consideration for the supply. ...

Do not report the redemption, acquisition, or cancellation of a debt obligation if: the debt obligation is issued for its principal amount the redemption, acquisition, or cancellation satisfies all of the issuer's obligations (that is, once the redemption occurs, no more amounts are payable to any person with an interest in the debt obligation) each person with an interest in the debt obligation is entitled to an equal proportion of principal and interest payments (that is, the debt obligation is not a strip bond) an information return is already required to be made as a result of the redemption, acquisition, or cancellation (for example, a T5 slip for the redemption of an investment contract or a T600 slip for accrued interest on redemption of a bond, debenture, or similar security) Do not report transactions involving: convertible property, that is, shares, bonds, debentures, or notes of a corporation which give the holder the right to exchange the security for shares of the same corporation (if you get consideration, other than shares, of $200 or more in the conversion, you have to report the transaction) capital property that is a bond exchanged for another bond of the same debtor when the provisions of the exchanged bond gave the holder the right to make the exchange and the exchanged bond and the acquired bond both have the same maturity value the redemption, cancellation, or acquisition of shares as a result of an amalgamation (if you get consideration, other than shares, of $200 or more in the exchange, you have to report the transaction) share-for-share exchanges as a result of a capital reorganization of a corporation (report all transactions when you get any consideration other than shares) interests in a partnership disposed of when a partnership ends interests in a partnership transferred when a new partnership continues from a predecessor partnership Report a problem or mistake on this page Thank you for your help! ...

A gift, to be allowable within the concept of paragraph 110(1)(a) of the Act, must be a voluntary transference of property without consideration. The consideration here is the academic training received by the children attending the school. On the other hand religious training is not viewed as consideration for purposes of the definition of a gift. 5. ...

Specifically, when a qualified donee disposes of a non-qualifying security, an official donation receipt may only be issued when the disposition is for consideration that is not another non-qualifying security of any person. ... For purposes of determining the fair market value of the gift: when a qualified donee disposes of a non-qualifying security at any time in the 60-month period after it received the gift, the fair market value of the property will be deemed to be the lesser of the amount determined to be its fair market value at the time of the gift, and the fair market value of the consideration (other than a non-qualifying security of the donor – also see the Budget 2011 proposed amendment described above) received by the donee at the time of disposition when a property ceases to be a non-qualifying security at any time in the 60-month period after the time of the gift, the fair market value of the property will be deemed to be the lesser of its fair market value at the time of the gift, and its fair market value at the time it ceased to be a non-qualifying security Budget 2011 has also introduced an anti-avoidance measure that may impact the tax recognition of a gift when, as a result of a series of transactions, a particular person holds a non-qualifying security of a donor and the donee has acquired, directly or indirectly, a non-qualifying security of the particular person or of the donor. In such situations, the donor’s gift will be subject to the non-qualifying security rules until such time (within 60 months of the donation) that the donee has disposed of the non-qualifying security for consideration that is not, to any person, another non-qualifying security. ...