Search - consideration

Decision A would charge GST on the consideration for the tangible personal property (e.g. mining equipment for personnel, crushers, vehicles), B would account for the GST on the consideration for the taxable supplies of real property (e.g. mine office, refinery) and no tax would be collected on the supply of the mineral rights (e.g. mining permits). ... A would collect and account for the GST on the consideration for the supply of the tangible personal property; B would account for the GST on the consideration for the supply of the real property; and the supply of the right to explore for or exploit a mineral deposit would be deemed not to be a supply. ... Generally, GST/HST will not apply in a typical farm-out transaction unless there is some monetary consideration. ...

Patients who have paid GST after June 30, 1996 on the consideration for laser eye surgery services may file a rebate application with the Department within two years after the amount is paid. ... However, if the facility charge were billed separately from the practitioner's fee, the facility charge would be treated as consideration for a separate supply. ... The total consideration is GST exempt. This ruling is subject to the general limitations and qualifications outlined in the GST Memoranda Series (1.4). ...

The B.C. transition tax is equal to 2/102 of such consideration (i.e., the consideration as it would be determined for a non-grandparented sale must be divided by 1.02 and the 2% B.C. transition tax applies to that amount). ... For purposes of calculating the B.C. transition tax, the consideration is $588,235 ($600,000 ÷ 1.02). ... The consideration payable (that is, the price before GST or any rebates) is $600,000. ...

These papers will provide more in-depth analysis of the methodological and practical considerations associated with tax gap estimation, and will further enhance our understanding of how this tool could assist the Agency in administering Canada's tax system. These papers will take a variety of approaches to analyzing further the methodological and practical considerations associated with tax gap estimation. ... The paper will investigate previous estimates of the international tax gap, and will outline the methodological and practical considerations that come into play when developing an international tax gap estimate. ...

Given the value of the consideration, the GST/HST new housing rebate is not available. ... The value of consideration as determined for GST/HST purposes means the consideration payable before any calculation of the GST/HST payable or any housing rebate entitlement for the purchaser. ... No GST new housing rebate is available as the consideration for the unit exceeds $450,000. ...

A deposit given by a customer is not consideration unless and until the supplier applies the deposit as consideration for the supply. ... In this example, the consideration for the supply becomes due on May 5, 2010 (i.e., the date of the invoice) but the consideration is paid without having become due on April 30, 2010 (i.e., the day the supplier applies the deposit as consideration for the supply). ... If, in the above example, the supplier had applied the deposit as consideration for the supply on May 4, 2010, the consideration for the supply would have been paid without having become due on May 4, 2010. ...

Supply for no consideration or nominal consideration, and appropriation for own use 34. ... Supply for no consideration or nominal consideration, and appropriation for own use 46. ... The consideration would be the service of hosting the event. Restrictions on ITCs. ...

Some allowances will continue to be regarded as consideration for a taxable supply or a reduction in consideration. ... The allowances are deemed not to be consideration for a supply. Example No. 2 Statement of Facts 1. ... The allowance is deemed not to be consideration for a supply. Date modified: 2004-06-02 ...

The student pays a single consideration for the meals provided under the meal plan. ... Although “single consideration” is not defined in the Act, the Act does define “consideration” to include any amount that is payable for a supply by operation of law. Where a student enters into an agreement for meals to be provided under a meal plan and the agreement specifies that there is a single consideration, but the payment for that consideration may be made on an instalment basis, the CRA accepts that this type of arrangement meets the requirement of “single consideration”. ...

For sale agreements that were entered into prior to April 1, 1997, the rebate is based on the lesser of the tax that was previously paid or payable by the vendor and the tax calculated on the consideration for the current supply. ... If an application for a rebate under section 257 is filed with the Department in respect of a qualifying supply, and the consideration for the supply becomes due or is paid without having become due after June 1996, then the application must be filed no later than two years after the day the consideration for the supply became due or was paid without having become due to be eligible for the rebate. ... If the consideration for the supply becomes due or is paid without having become due before July 1996, the application must be filed no later than four years after the day the consideration for the supply became due or was paid without becoming due to be eligible for the rebate. ...