Search - consideration

However, paragraph 254.1(2)(h) (and paragraph 254.1(2)(i) by reference to "total consideration", as defined in paragraph 254.1(2)(h)) expressly excludes from the calculation consideration that can reasonably be regarded as rent for the supplies of land or as consideration for the supply of an option to purchase the land. ... Accordingly, that part of the consideration for the supply of the buildings which should be allocated to the development costs of the land is considered to be consideration for the supply of the land. As the land is being supplied by way of lease, it would be reasonable to regard that consideration to be lump-sum additional rent. ...

Application of GST/HST to supplies of dutiable spirits The application of s. 154 of the Excise Tax Act (ETA) is that the consideration for any supplies of dutiable spirits made prior to excise duty becoming payable will not include amounts of excise duty; whereas, consideration for supplies of dutiable spirits made after the duty on the spirits has become payable will include the amount of duty. ... GST/HST payable is calculated on the value of the consideration, excluding duty. ... GST/HST payable is calculated on the value of the consideration, including duty. ...

Is the consideration referred to in section 192 to be included in determining whether a person has exceeded the small supplier threshold under subsection 148(1) or 148(2)? ... The consideration for the taxable supply deemed to have been made under section 192 is not included in determining whether a person is a small supplier under subsection 148(1) or 148(2). ... Therefore, because the deemed consideration under section 192 was not due or paid and did not become due to the person, when making the small supplier calculation in either subsection 148(1) or 148(2), no amount determined as consideration under section 192 for purposes of applying that section should be included. ...

Generally, where property or services are given as consideration in exchange for other property or services, the value of the consideration for one is the fair market value of the other. ... If a portion of the consideration given by the farmor to the farmee is monetary, tax on the farmee's contribution is calculated on that consideration. ... The consideration for the farmor's additional contribution and the consideration for the service deemed to have been supplied by the farmee are deemed to become due at the time of the transfer. ...

(the "Supplier") makes supplies for which the consideration is expressed in foreign currency; 2. ... On the invoice, the consideration for the supply is expressed in foreign currency. ... No invoices are issued at this time, and no consideration is paid by the recipients in respect of the supplies at this time; 12. ...

Subsection 168(1) of the ETA provides that tax in respect of a taxable supply is payable by the recipient on the earlier of the day the consideration for the supply is paid and the day the consideration for the supply becomes due. ... The customer paid the consideration for the lease interval on June 25, 2006. ... Pursuant to subsection 152(2) of the ETA, the consideration, in this case, is due on July 1, 2006. ...

Under section 139 if there is a single consideration for the supply of a financial service and another service the consideration for which would be less than 50% of the value of the financial service, then the entire supply is deemed to be a supply of a financial service. ... XXXXX Review and Analysis XXXXX However, to fall within the ambit of section 139 or 138 of the Act, the sale XXXXX and the accompanying servicing function must be for a single consideration in order to qualify for the same tax status i.e. exempt. XXXXX In conclusion, there is a separate consideration for the servicing XXXXX precluding the application of sections 138 or 139. ...

In that situation the depot pays consideration for acquiring empty containers that is more than the total of consideration and tax that the depot charges for supplying empty containers. ... In that situation the depot charges consideration for supplying empty containers that is less than the consideration that the depot pays for acquiring empty containers. ... Since $2,100 represents 7/107 of the consideration for the acquisition, the consideration for the acquisition is equal to $2,100 x 107/7i7, i.e., $32,100. ...

When [the Company] supplies a new part, a core charge is added to the consideration payable for the new part. The non-registrant consumer pays GST/HST on the consideration payable for the part including the core charge. 4. ... Given that the amount is consideration for the supply of the used part, it is the CRA’s position that the amount is not an adjustment or reduction of the consideration for the supply of the new part made by [the Company]. ...

The general timing of liability rule, under subsection 168(1) of the Excise Tax Act (ETA), is that tax is payable by the recipient of a taxable supply on the earlier of the day the consideration for the supply is paid and the day that consideration for the supply becomes due. ... Under subsection 152(1) of the ETA, consideration, or a part thereof, for a taxable supply, is deemed to become due on the earliest of the following days: •   the day the supplier first issues an invoice in respect of the supply for that consideration or part; •   the date of that invoice; •   the day the supplier would have, but for an undue delay, issued an invoice in respect of the supply for that consideration or part; and •   the day the recipient is required to pay that consideration or part to the supplier pursuant to an agreement in writing. ... The issuance of an invoice in these situations will not cause consideration to become due. ...