Search - consideration

However, because the written agreement of purchase and sale was entered into after March 30, 2016, and before July 2016, and the agreement does not meet the disclosure requirement, the HST payable by the purchaser is calculated at the rate of 13%: HST = $350,000 × 13/113 = $40,265.49 Consideration = $350,000 − $40,265.49 = $309,734.51 However, the builder is considered to have collected the HST at 15%: HST = $309,734.51 × 15% = $46,460.18 If this example had been set in Newfoundland and Labrador, and all other facts remained the same, the sale of the new house would still have been subject to HST at 15% and the builder would still have been considered to have collected HST at 15% (that is, $46,460.18 HST) since the agreement does not meet the disclosure requirements. ...

Reference: SR&ED Filing Requirements Policy Part 9 – Claim preparer information In this part, you must provide the prescribed information on each claim preparer that has accepted consideration to prepare or assist in the preparation of this SR&ED claim. ... Claim preparer means a person or partnership that has accepted consideration to prepare or assist in the preparation of the form but does not include an employee who prepares or assists in the preparation of the form in the course of performing their duties of employment. ... Other considerations Maintaining appropriate supporting evidence will facilitate the review of your claim and help you to substantiate your claim. ...

PAB will review and update the existing TFSA communications strategy in the winter of 2016 in collaboration with the relevant program branches, and will take into consideration the external communications recommendations in this report as well as those specific to TFSA in Phase II of the External Administrative Correspondence review. ...

Personal trust- generally means, for GST/HST purposes, either: a trust or estate that is created as a consequence of the death of an individual (testamentary trust); or any trust that is not a testamentary trust, in which no person paid any consideration to acquire a beneficial interest and all of the beneficiaries of the trust are individuals, or in the case of contingent beneficiaries, individuals, charities, or public institutions. ... You have to include the GST/HST collectible on the full consideration (total price) payable for your work in your net tax calculation for your reporting period that includes November 30, 2015. ... Summary of Housing Inputs GST/Federal Part of HST Provincial Part of HST Year Housing Input Consideration Rate Amount Rate Amount 2007 Land $100,000 6% $6,000 N/A $0 2014 Construction $5,000 5% $250 8% $0 2014 Construction $80,000 5% $4,000 8% $6,400 2015 Construction $190,000 5% $9,500 8% $15,200 $375,000 $19,750 $21,600 The construction of the multiple-unit housing was substantially completed on August 11, 2015. ...

Paragraph 52(4)(b) of the Budget Implementation Act, 2007, in respect of requests that an assessment be made under section 296 of the Excise Tax Act to take into consideration section 10.1 of Part V of Schedule VI of the Excise Tax Act- Supply of intangible personal property – May consider a request and assess, reassess, or make an additional assessment of the net tax, and of any interest, penalty or other obligation, to the extent that the requested assessment, reassessment or additional assessment may reasonably be regarded as relating to the specified supply2 Field Positions Director, Tax Services Office Assistant Director, Audit Assistant Director, GST/HST Audit Manager, Audit Manager, GST/HST Audit Team Leader, Audit Team Leader, GST/HST Audit History: Delegation in respect of paragraph 52(4)(b) of the Budget Implementation Act, 2007 was amended on November 6, 2014 and May 6, 2013. ...

Under subsection 123(1), "consideration" includes "any amount that is payable for a supply by operation of law". 7. ... Therefore, in accordance with section 154, the GST is calculated on the consideration payable for the coffee table exclusive of the Saskatchewan PST. ... The amount of the carbon tax is included in the consideration payable for the supply of the gasoline upon which the supplier will calculate the HST. ...

Excluded inputs may be used exclusively for the purpose of making taxable supplies for consideration or for purposes other than making taxable supplies for consideration. ... The office was previously used 5% in making taxable supplies for consideration (and 5% of the desks were used in making taxable supplies for consideration). It is now used 20% in making taxable supplies for consideration (and 20% of the desks are now used for making taxable supplies for consideration). ...

Any interest that accrued before January 1, 2005, is not eligible for consideration. ... A request made for a reporting period that ended more than 10 years before the calendar year in which the request is made is not eligible for consideration. ... Any penalty that accrued before January 1, 2005, is not eligible for consideration. ...

Therefore, in this case, the professional would not charge GST/HST on the consideration for the supply of the service to the British Columbia ministry regardless of when the consideration is paid. ... HST because the consideration for the supply becomes due on or after July 1, 2010. ... In this case, under the general transitional rules for leases of goods, HST will apply to the consideration for the lease of the vehicle because the consideration becomes due on or after May 1, 2010 and the lease interval begins on or after July 1, 2010. ...

PQR will be required to include HST collectible on the balance of the consideration payable for the funeral services in determining its net tax for the reporting period in which the consideration for the funeral services is paid or becomes due, whichever is earlier. ... Application of GST/HST to instalment payment charges An instalment payment charge is consideration for a taxable supply. ... That is, the amount represents either consideration or both consideration and tax. ...