Search - consideration

., 12% for banks, 10% for insurers and 15% for securities dealers) to determine the extent to which each of its residual inputs is acquired, imported or brought into a participating province, or consumed or used, for purposes of making taxable supplies for consideration. ... As well, if the election is in effect, the following rules apply in respect of each residual input of the person: the extent to which the consumption or use of the residual input is for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the consumption or use of the residual input is for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage (that difference being 88% for banks, 90% for insurers and 85% for securities dealers); the extent to which the residual input is acquired, imported or brought into a participating province by the person for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the residual input is acquired, imported or brought into a participating province by the person for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage; and for the purpose of determining an ITC in respect of the residual input, the description of B in the formula in subsection 169(1) is deemed to be equal to the particular prescribed percentage. ... As a result, the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for the purpose of making taxable supplies for consideration is deemed to be 15% and the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for purposes other than making taxable supplies for consideration is deemed to be 85%. ...

Meaning of recipient ss 123(1)- Person liable under an agreement- Person liable to pay- Person liable where no consideration is payable 7. ... Consequently, the act of paying money as consideration for a supply does not itself attract tax because it does not constitute a supply. ... The consideration paid or payable for the supply to the buyer is deemed to be paid or payable by the ultimate recipient. ...

In determining an ITC for a financial institution, consideration does not include nominal consideration. ... If no consideration is charged or if the consideration is less than the fair market value, enter on line 8510 the total of the fair market value for supplies made. ... If no consideration is charged or if the consideration is less than the fair market value, enter on line 8610 the total of the fair market value for supplies received. ...

"] Signature: Printed Name: Position: Date: Notarized by Signature: Printed Name: Position: Date: 1 As defined in paragraph 7(a) of Article XXVI of the Canada –US Income Tax Convention (1980), the term "concerned person" means the presenter of a case to a competent authority for consideration under Article XXVI and all other persons, if any, whose tax liability to either Canada or the United States may be directly affected by the mutual agreement arising from that consideration. ...

In addition to workforce considerations, the transformation upon which the CCRA has embarked requires simple and efficient administrative systems that help get the job done. ... Our efforts will be guided by sustainable development considerations, as set out in the Agency's Sustainable Development Strategy. ...

During the same GST/HST reporting period, you make a supply of the property or service to an employee or their relative for consideration that becomes due in that period and that is equal to its fair market value. ... However, you can claim an ITC if, during the same GST/HST reporting period, you make a taxable supply of the property to that individual for consideration that becomes due in that period and that is equal to its fair market value. ...

Where there is combined consideration for a supply of ingredients and services, the consideration attributed to each of the supplies must be reasonable. ...

Some of the information, such as accruals, services provided without charge by other Government departments and the allowance for doubtful accounts, included in the financial statements, are based on management's best estimates and judgments with due consideration to materiality. ... The Agency maintains systems of financial management and internal control which give due consideration to costs, benefits and risks. ...

Tax Gap in Canada: A Conceptual Study Previous page Next page Chapter 5 The Canadian Perspective The experience of other countries provides an in-depth view of the number of factors and considerations that inform the development of tax gap estimates. ... Canada's unique federal-provincial context – and the CRA's role within the federation for tax and benefits administration – presents some additional considerations as we move forward with further studies on tax gap estimation. ...

In the reporting period in which the employee received the television set from the registrant, the registrant invoiced the employee $1,000 as consideration for the television set. ... Deemed total consideration for the benefit for net tax calculation subpara 173(1)(v) 38. ... The GST/HST deemed collectible by the registrant on a taxable benefit (other than an automobile benefit) is equal to the tax fraction of the total consideration for the benefit. ...