Search - consideration

Are the moneys paid to XXXXX by the Owners in respect of XXXXX property tax bill consideration for a tax exempt supply of property taxes, or are the moneys consideration for a taxable supply of real property? ... While Policy Paper P-[0]62 states that easements may be considered similar to a sale if they are granted in perpetuity and for a single consideration, the easement at issue is granted in return for the repeated payment of ongoing expenses, and not for a single consideration. ... The payments are multiple consideration for a taxable supply of real property by way of an arrangement similar to a licence. ...

" The lease deficiency amount is part of the consideration for the lease of the first vehicle, which is a taxable supply. ... The lease deficiency is part of the consideration for the supply of the vehicle by way of lease, and the GST/HST calculated on the value of that part of the consideration is due on the earlier of the day the lease deficiency is paid or the day it is due. Section 152 of the ETA outlines when the consideration for a taxable supply is due. ...

Based upon the information provided above, you supply spirits to the XXXXX "in-bond", prior to duty becoming payable, the GST/HST on these supplies should therefore be based upon a duty-excluded amount of consideration. ... GST/HST payable is calculated on the value of the consideration, excluding duty. ...

XXXXX pays GST on these supplies based on a value of consideration that includes the excise duty. 2. ... XXXXX pays GST on these supplies based on a value of consideration that includes the excise tax. 3. ... GST), calculated at the rate of 7 per cent on the value of the consideration for the supply. ...

The amount of the reduction is equal to the value of the consideration for the trade-in. ... This will occur where the value of the consideration for the trade-in is equal to, or greater than, the value of the consideration for the supply of tangible personal property made by the supplier. ...

Was XXXXX correct in asserting that GST was owing in the amount of seven percent of the consideration originally charged, or would section 194 of the ETA apply, so that the amount of tax owing would be 7/107 of the consideration for the supply? ... The vendor is liable to remit 7/107 of the total of the combined amount of consideration and GST paid or payable by the vendor. ... Therefore, the vendor is liable to remit 7/107 of the combined amount of consideration and GST. 2. ...

GST/HST should not be charged on the consideration payable by [Sponsor #1]. ... GST/HST should not be charged on the consideration payable by [Sponsor #2]. ... GST/HST should not be charged on the consideration payable by [Sponsor #3]. ...

We were also asked for our opinion as to the timing of the liability for tax with respect to the consideration paid. ... Consideration The correspondence to us describes the consideration given by XXXXX for the supply by the dealer of the exclusive right to supply as an amount of money that is forgivable loan but the position has been taken that the amount of money is not a financial instrument and that it is consideration for a taxable supply and therefore subject to tax. ... To the extent that XXXXX prepays consideration, it is not required to pay a rate per XXXXX as XXXXX makes its XXXXX purchases. ...

Paragraph 153(1)(b) states that where the consideration given is other than money, the fair market value of the non-monetary consideration must be used as the base on which tax is to be paid. ... Under subsection 168(1), tax is payable on the earlier of the day consideration is paid and consideration becomes due, in respect of a taxable supply. In the case of a barter transaction where the consideration being given is not money, subsection 152(3) states that where consideration that is not money is given or required to be given, consideration that is given shall be deemed to be paid and consideration that is required to be given is deemed to be required to be paid. ...

If this supply is for no consideration, and is conducted at arms length, no GST would be collectible. ... Specifically, under subsection 181(4) of the ETA, the value of consideration for the supply will be deemed to be equal to the amount, if any, by which the value of consideration for the supply as otherwise determined exceeds the value of the tokens exchanged. ... Subsection 181(5) of the ETA deems the amount paid not to be consideration for a supply. ...