Search - consideration

You provided us with a sample invoice issued by an architect to the Town showing consideration in the amount of $1,815.58 plus GST of $127.09, as well as the subsequent invoice issued by the Town to a developer showing consideration in the amount of $1,942.67. ... As long as the consideration for the supply is equal to or greater than this amount, the supply will be taxable. ... The consideration of $1,942.67 charged by the Town is equal to the direct cost of the supply as described in paragraph (a) above. ...

Where, at the time of sale, the consideration for each item within the package is separately identified, tax is to be calculated based on the nature of the items and the value of the consideration. ... Difficulty arises when multiple supplies are sold together for a single consideration. Generally, each taxable supply will have tax calculated based on the consideration attributable to the supply. ...

A scrap metal company that purchases plastic soft drink bottles and aluminum soft drink cans may be entitled to claim a notional input tax credit, but only if the scrap metal company resells the same cans or bottles for consideration that is less than or equal to the consideration paid for the cans or bottles. ... Rarely, if ever, does a consumer in XXXXX receive consideration for the supply of these containers. ... If the scrap metal dealer subsequently resupplies the same containers to a third party for consideration (including tax) that is greater than the consideration paid to the consumer, then no NITC can be claimed. ...

The corporation does not receive any consideration in return from the charity for the new automobile. ... The donation of the automobile is a taxable supply made by the dealer to the charity for no consideration. ... The automobile was acquired by the dealer for the purpose of making taxable supplies for consideration in the course of the commercial activities of the dealer. ...

From XXXXX to the XXXXX = not consideration and, therefore, not subject to GST; 2. From the XXXXX to XXXXX = not consideration and, therefore, not subject to GST; 3. ... When consideration is payable under an agreement, the "recipient" is, by definition, the person who is liable under the agreement to pay the consideration. ...

The first page of the agreement summarizes the mutual exchange of consideration contemplated by the XXXXX Agreement as follows: XXXXX The consideration given by both parties under the XXXXX Agreement is a non-monetary exchange, (apart from the nominal payment of XXXXX). Paragraph 153(1)(b) of the ETA provides that, where consideration for a supply is expressed in terms other than money, the value of that consideration for the purposes of calculating GST/HST shall be deemed to be the fair market value of that non-monetary consideration. ... GST is applicable to the consideration payable by the Club for that construction Service. 2. ...

However, the consideration that should be included in the certified amount of the purchase price is the consideration that can reasonably be attributed to the special feature or the adaptation. ... Therefore, no part of the consideration for these design characteristics is eligible for rebate under the provisions of section 258.1. 12. ... Therefore, no part of the consideration for the storage rack is eligible for rebate under the provisions of section 258.1. ...

Pursuant to section 165, a recipient of a taxable supply is required to pay tax calculated on the value of consideration for the supply. ... Consideration, or part thereof, for a taxable supply is deemed to become due on the earliest of: * the day the supplier first issues an invoice in respect of the supply for that consideration or part, or the date of that invoice, whichever is the earlier; * 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 a written agreement. Accordingly, the employer would have been required to collect Ontario HST on the supply where consideration is paid or becomes due on or after July 1, 2010. ...

The grant being given by XXXXX to XXXXX must therefore be seen as consideration for a taxable supply. ... Subsection 168(1) states that tax becomes payable on the earlier of the day consideration is paid and the day consideration becomes due. When consideration for a supply becomes due is determined pursuant to subsection 152(1). ...

Thus the only issue left is whether an amount was paid as consideration for the supply. ... The non-share consideration is commonly referred to as "boot". ... Share consideration and any "boot" received by the individual can therefore be seen as being an amount paid as consideration for the supply of the property. ...