Search - consideration

The XXXXX is an agreement between a lender and a borrower whereby the XXXXX (borrower) has executed a promissory note in consideration of the principal sum loaned by the XXXXX (lender). ... Specifically, the proposed amendment would not apply where, under a written agreement: • all of the consideration for the supply became due or was paid on or before December 14, 2009; • the supplier did not, on or before December 14, 2009, charge, collect or remit any amount as or on account of tax under Part IX in respect of the supply; and • the supplier did not, on or before December 14, 2009, charge, collect, or remit any amount as or on account of tax under Part IX in respect of any other supply that is made under the agreement and that includes the provision of a service referred to in paragraphs (q), (q.1) and (r.3) to (r.5) of the definition of financial service. ...

Where, in consideration for a fee or commission paid by the investor to a dealer (e.g. a mutual fund dealer), the dealer provides a service of assisting the investor in purchasing, redeeming or exchanging units held in the investor's account, the service would generally be an exempt supply of arranging for a financial service. Whether services, for which consideration is a commission on the purchase of the units or a trailing commission, provided by a fund dealer to a fund manager or other third party are considered to be a single supply of a financial service is a question of fact. ...

XXXXX sets out the full consideration for the equipment as well as any services supplied to the individual, in the invoice made out to the individual. The individual pays part of the consideration to XXXXX and the XXXXX will cover the balance once the individual receives the equipment. ...

However, if we were to take that expense into consideration, the Land leases would nevertheless show a profit for each of the subject years. ... Other References: Policy P-167R, Meaning of the First Part of the Definition of Business, Policy Statement P-176R, Application of Profit Test to Carrying on a Business, XXXXX NCS Subject Code(s): 11950-1 2004/07/09 — RITS 52404 — [Liablility to Pay Consideration for Goods and Services Supplied by a Provider] ...

All possible benefits accruing to members must be taken into consideration in determining the tax status of a membership. ... Where the non-profit organization does not supply any property or services to non-members, then the discount is the difference in the consideration payable by the members for property or services and the fair market value of the property or services. ...

Interpretation Given Generally, every recipient of a taxable supply made in Canada shall pay to Her Majesty in right of Canada tax in respect of the supply calculated at the GST rate of 7% (or HST rate of 15%, as applicable) on the value of the consideration for the supply. ... If after having considered its taste, ingredients, labelling and promotion, the product is a fruit-flavoured beverage, only the fruit juice content is taken into consideration when determining whether the 25% by volume threshold has been met. ...

You are requesting that we review the GST/HST ruling XXXXX which found that your supplies of psychological assistant services to the psychologists XXXXX are taxable at the rate of 7% on the value of the consideration for these supplies pursuant to subsection 165(1) of the Excise Tax Act (ETA). After careful consideration of your arguments as well as a further review of the exempting provisions, we are confirming the GST/HST ruling that your supplies of psychological assistant services to the psychologists identified above do not fall within the exemptions in paragraph 7(j) or section 10 of Part II of Schedule V to the ETA. ...

Therefore, consideration paid to XXXXX in respect of the application process would be for "arranging for" a financial service as stated in paragraph (l) of subsection 123(1). XXXXX would not be required to collect GST/HST on the consideration received for this supply. ...

Thus, if an aircraft engine is sent outside of Canada for repair under a warranty and the supplier were to send a new engine because the damaged engine could not be repaired and this new engine was supplied for no consideration other than shipping and handling charges, the new engine as a good would qualify as a replacement part under section 5 of Schedule VII. ... This provision applies where goods which include parts are exported for warranty repair work and the repaired goods are returned to the person in Canada on a no charge basis. b) Section 5 of Schedule VII applies to "goods that are imported by a particular person where the goods are supplied to the particular person by a non-resident person for no consideration, other than shipping and handling charges, as replacement parts under a warranty in respect of tangible personal property". ...

Under the heading "Conclusion", we suggest that you revise the first two sentences of the last paragraph to read "The fact that the consideration of XXXXX is collected through intermediaries, on behalf of the XXXXX should not change the tax status of the exempt supply of a property certificate. This payment remains the consideration for an exempt supply of a property tax certificate made by the XXXXX. ...