Search - consideration

Can a charity still issue an official donation receipt if it has provided some form of recognition or other consideration to a donor? ... Generally, any consideration received by a donor will constitute an advantage that will have to be taken into account in determining the amount that can be receipted (eligible amount). ...

Can a charity still issue an official donation receipt if it has provided some form of recognition or other consideration to a donor? ... Generally, any consideration received by a donor will constitute an advantage that will have to be taken into account in determining the amount that can be receipted (eligible amount). ...

The effect of the provisions of section 212.1 will not apply to a non-resident where the sum of the non-share consideration and the paid-up capital of the share consideration does not exceed the paid-up capital of the transferred shares. ... Non-share consideration means all the consideration received by the vendor other than newly issued shares of the purchaser corporation. ... (This example illustrates that there are no tax consequences under section 84.1 where the taxpayer receives non-share consideration and shares and the sum of the non-share consideration and the increase in paid-up capital of the purchaser corporation as a result of the issue of the share consideration does not exceed the paid-up capital of the shares transferred.) ...

The effect of the provisions of section 212.1 will not apply to a non-resident where the sum of the non-share consideration and the paid-up capital of the share consideration does not exceed the paid-up capital of the transferred shares. ... Non-share consideration means all the consideration received by the vendor other than newly issued shares of the purchaser corporation. ... (This example illustrates that there are no tax consequences under section 84.1 where the taxpayer receives non-share consideration and shares and the sum of the non-share consideration and the increase in paid-up capital of the purchaser corporation as a result of the issue of the share consideration does not exceed the paid-up capital of the shares transferred.) ...

The effect of the provisions of section 212.1 will not apply to a non-resident where the sum of the non-share consideration and the paid-up capital of the share consideration does not exceed the paid-up capital of the transferred shares. ... Non-share consideration means all the consideration received by the vendor other than newly issued shares of the purchaser corporation. ... (This example illustrates that there are no tax consequences under section 84.1 where the taxpayer receives non-share consideration and shares and the sum of the non-share consideration and the increase in paid-up capital of the purchaser corporation as a result of the issue of the share consideration does not exceed the paid-up capital of the shares transferred.) ...

However, where consideration for the disposition of eligible capital property is dependent upon the use of or production from that property, such consideration does not give rise to an eligible capital amount but rather is simply included in income. ... He receives consideration for disclosing the process and allowing it to be used by the payer. ... The characterization of the consideration is a question of fact, although isolated transactions usually result in a disposition of EC property. 4. ...

However, where consideration for the disposition of eligible capital property is dependent upon the use of or production from that property, such consideration does not give rise to an eligible capital amount but rather is simply included in income. ... He receives consideration for disclosing the process and allowing it to be used by the payer. ... The characterization of the consideration is a question of fact, although isolated transactions usually result in a disposition of EC property. 4. ...

Consideration may be received by grantors of options to acquire property or to dispose of property, in connection with the granting, extension, or renewal of such options. Subject to the comments in 8 below (concerning the granting of options by individuals to acquire property), where in a particular taxation year receipt of such consideration has resulted in the inclusion of an amount in the grantor's income and the option is exercised in a later year, subsection 49(4) provides a means of removing from the grantor's income for the prior year the effect of the consideration received. 2. ... In the case of an option to acquire, no upward adjustment of the proceeds of disposition of the property is required and, in the case of an option to dispose, no downward adjustment of the cost of the property is required, in respect of the consideration received by the grantor of the option. ...

Consideration may be received by grantors of options to acquire property or to dispose of property, in connection with the granting, extension, or renewal of such options. Subject to the comments in 8 below (concerning the granting of options by individuals to acquire property), where in a particular taxation year receipt of such consideration has resulted in the inclusion of an amount in the grantor's income and the option is exercised in a later year, subsection 49(4) provides a means of removing from the grantor's income for the prior year the effect of the consideration received. 2. ... In the case of an option to acquire, no upward adjustment of the proceeds of disposition of the property is required and, in the case of an option to dispose, no downward adjustment of the cost of the property is required, in respect of the consideration received by the grantor of the option. ...

For a taxpayer on the cash basis of reporting income, the consideration received for inventory thus sold is included in computing income for the year or years in which it is received and the corresponding costs of that inventory are deductible in the year they are paid. ¶ 2. ... Where one person has sold business inventory to another person and the amount of the consideration paid or payable by the purchaser was in part consideration for the inventory so sold and in part consideration for something else, the part of the amount that may reasonably be regarded as consideration for the inventory is deemed by section 68 to be both the proceeds of disposition of that inventory and the amount at which it was acquired by the purchaser. ... In the event the vendor and purchaser are not dealing at arm's length and the fair market value of the inventory sold is significantly more or less than the consideration paid therefor, paragraph 69(1)(a) or (b) will apply, requiring the portion of the total proceeds allocated to inventory to be based on fair market value. ...