Search - consideration

In other words, tax is not to be collected by the supplier on the consideration. ... Calculation of the small supplier threshold When consideration becomes due ss 152(1) 17. ... (e) any consideration that is attributable to a business' goodwill; and (f) consideration attributable to the supply of financial services. ...

That is, the amount represents either consideration or both consideration and tax. ... This amount includes consideration of $251.29 ($370.47 –- $119.18) and GST of $12.54 ($18.52 –- $5.98). ... This amount includes consideration of $26.60 ($370.47 –- $343.87) and GST of $1.32 ($18.52 –- $17.20). ...

The consideration has two components: (1) monetary consideration as rent (which does not have to be annual); and (2) consideration from the undertaking of constructions or improvements or both which considerably increase the value of the property. ... The timing of liability rules for supplies by way of lease, licence or similar arrangement apply in respect of the applicable consideration. ... Issues relating to the determination of the consideration and timing of liability will be addressed in a separate policy statement. ...

National Coding System File Number(s) 11950-1 Effective Date January 1, 1991 A supply of a residential complex may include other supplies provided together with the residential complex for a single consideration. ... Subsequent to signing the agreement of purchase and sale for the new house, he enters into a separate agreement with the builder for additional consideration to purchase a fridge, stove, washer and dryer for a fixed amount. ... Ruling Provided The purchaser is entitled to claim a new housing rebate calculated on the total single consideration paid for the house including the appliances. ...

The GST/HST is collectible by the management company on the value of the consideration paid or payable by the practitioners for these supplies. ... The administrative fee charged by Practitioner A is not consideration for a taxable supply and GST/HST will not apply. ... Therefore, the amount of the associates’ fees withheld by Clinic XYZ is not consideration for a supply of health care services; rather the amount withheld is consideration for a taxable supply made by Clinic XYZ to the associates. ...

Therefore, the supplier does not charge GST/HST on the consideration for the supply of the furniture to the Quebec ministry. ... Therefore, the professional does not charge the GST/HST on the consideration for the supply of the service to the Quebec ministry regardless of when the consideration is paid. ... Therefore, the supplier is required to charge GST on the consideration for the supply of the fax machine to the Quebec ministry. ...

The consideration for the grant or transfer of the interest would then be subject to GST to the extent that the consideration paid is in respect of the acquisition of the interest and not for the ongoing rights to use the property withoutlegal ownership of the underlying property. ... The consideration paid for the actual grant of the interest may be considered as being in respect of the sale of the interest where there is no consideration related to the actual use of the underlying property. ... Such consideration would be payable for the supply of the property by way of lease, license or similar arrangement. ...

GST/HST Policy Statement P-061 DATE OF ISSUE May 25, 1993 SUBJECT Extension of Transfer Payment Policy LEGISLATIVE REFERENCE(S) Definitions of 'consideration' and 'supply', subsection 123(1) of the Excise Tax Act. ... Furthermore, is the financial assistance not consideration for a supply and therefore outside the scope of the ETA? RULING GIVEN: None of the financial assistance is consideration for a supply, nor is it a supply in itself. ...

Application of proposed rules Isabelle Because Isabelle is to receive $50,000 for her restrictive covenant, she may add part of those proceeds to the $900,000 she is to receive for the sale of her shares of X Ltd.The part of the $50,000 that can be added is the amount by which the value of her share interest would increase if the covenant was provided for no consideration. ... Capital gain equals $950,000 ($950,000 proceeds less nil ACB) Where proceeds of disposition are: $900,000 in proceeds of disposition for shares of X Ltd. plus $50,000 of the covenant proceeds (which can be added to the proceeds of disposition from the sale of the business), determined as follows: Lesser of: i. $50,000 (amount receivable) ii. $100,000 (value by which Isabelle's share interest in X Ltd. would increase if covenants provided by her and Terence were provided for no consideration when compared with a sale in which no covenant is granted; that is 50% of $200,000), calculated as follows: To the extent $1 million (50% of $2 million if covenants for no consideration) is more than $900,000 (50% of $1.8 million, if no covenant granted). 2. ... The part of the $150,000 that can be added is the amount by which the value of his share interest would increase if the covenant was provided for no consideration. ...

Therefore, pursuant to subsection 162(2) of the ETA, the payment would be deemed not to be consideration for the supply of the right. ... The fee of $100 is consideration for this right. Pursuant to subsection 162(2) of the ETA, the supply of the right is deemed not to be a supply and the consideration paid in respect of such a right is deemed not to be consideration for the right Royalty Payment Decision The amount of $2 per cubic meter of gravel removed is not subject to tax. ... The royalty payment would therefore be deemed not to be consideration for the right pursuant to subsection 162(2) of the ETA. ...