Search - consideration

Does XXXXX charge GST/HST on supplies made to the Institutions, or does the consideration include GST/HST? ... Where the consideration for a supply is based on a share of revenue after expenses are deducted, GST/HST is calculated based on that consideration. 5. ... GST/HST becomes payable on the earliest of the day on which consideration is paid or becomes due. ...

Tax is generally 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 by virtue of subsection 168(1) of the Act. ... Therefore, the tax will be payable at the time the payment is made and should be calculated on the value of the consideration in Canadian currency on that day. As indicated earlier, the Minister may accept alternative days for computing the value of the consideration for a supply in Canadian currency. ...

This threshold of $30,000 includes the consideration for supplies that are taxed at a rate of 0% and taxable supplies of associates; however, exempt supplies and certain other supplies are not included in determining a person's requirement to register. ... By virtue of subsection 168(1) of the ETA, tax is generally 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. As indicated, the Minister may accept alternative days for computing the value of the consideration for a supply in Canadian currency. ...

Section 159 of the ETA will apply such that the value of consideration for the supply shall be computed on the basis of the value of the U.S. dollars in Canadian currency on the day the tax is payable, or on such other day as is acceptable to the Minister. By virtue of subsection 168(1) of the ETA, tax is generally 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. As indicated, the Minister may accept alternative days for computing the value of the consideration for a supply in Canadian currency. ...

The tax payable by the recipient in respect of a supply made by a travel agent generally becomes payable (and therefore collectible by the travel agent) on the earlier of the day on which the consideration for that supply is paid and the day on which the consideration becomes due [xi] 3.  The consideration for a supply generally becomes due on the earlier of the date on when an invoice is first issued by the supplier, the date of the invoice and the date on which payment is to made under a written agreement for the supply [xii] 4. ... If this is the case, it is the travel agent, as the supplier of the passenger transportation service or tour package to the passenger who must collect the tax on the value of the consideration for that supply to the passenger and account for it in the agent's net tax. ...

To the extent that any consideration become payable before January 1, 2008, the GST at 6% applies to that consideration. ... Subsection 168(2) provides that, notwithstanding subsection 168(1), where consideration for a taxable supply becomes due on more than one day, tax is payable on the day any part of the consideration becomes due and is based on the consideration that becomes due on that day. As the consideration for the construction of the [facility] was not paid by Hospital Authority at any time before consideration for the supply became due, it must be determined when consideration for the supply became due. ...

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. ... The consideration assigned to the individual's traded in book is $15.00. ...

To the extent that any consideration become payable before January 1, 2008, the GST at 6% applies to that consideration. ... Subsection 168(2) provides that, notwithstanding subsection 168(1), where consideration for a taxable supply becomes due on more than one day, tax is payable on the day any part of the consideration becomes due and is based on the consideration that becomes due on that day. As the consideration for the construction of the [facility] was not paid by Hospital Authority at any time before consideration for the supply became due, it must be determined when consideration for the supply became due. ...

If the consideration for the Services was included in the total consideration paid, the ITCs claimed would be for inputs to an exempt supply, as the sale of Accounts was a financial service and no GST was charged or remitted on the supply. ... The Registrant states that the supply of the Services is made for no consideration, and there is no consideration directly linked to this supply in contracts: therefore any claim under either of these subsections for ITCs related this supply must fail. ... The specified purpose for which XXXXX receives consideration is the sale of the Accounts. ...

This should not be confused with the actual consideration given for a supply. Although in many supplies the amount of consideration given and the value of consideration are the same, there will be instances where the two amounts are different. In such instances it is the value of consideration which is the base on which tax is calculated and not the amount of consideration actually given. ...