Search - consideration

Under the provisions of subsection 165(1) of the Act, XXXXX was required to pay the tax equal to 7% of the consideration of the supply for all lease payments. 2. ...

Statement of Facts: In your facsimile you provide the following facts for our consideration: •   A partnership with a January 31 year-end is required under a proposed income tax amendment (i.e., new paragraph 249.1(1)(b) of the ITA) to adopt a December 31 year-end for the 1995 and subsequent taxation years; •   In calculating the employee and partner GST rebate pursuant to section 253 of the ETA (the "GST rebate") for the 1995 taxation year, the members of the partnership (the "partners") must first determine, in your opinion, the eligible expenses deducted for income tax purposes for the period February 1, 1994 to January 31, 1995; •   For the period February 1, 1995 to December 31, 1995, each partner will compute their share of the partnership income and will claim, pursuant to the proposed amendment to the ITA, a transitional reserve spreading their partnership income over XXXXX[.] ...

The interpretation in the letter to XXXXX does not detract from the idea that all the facts must be taken into consideration when evaluating whether a person is carrying on a taxi business. ...

Requirements to file election expense returns and financial statements are simply accountability mechanisms and are not considered to be supplies for which consideration is paid by the government. ...

The payments made by XXXXX to XXXXX in respect of the service of teaching provided by XXXXX to the students selected by XXXXX are not consideration for supplies. ...

Department's Position: In your proposed changes to the first condition of the draft Policy Statement, we have identified the two following issues for our consideration: 1. would the Department consider that more than one corporate credit card agreement (rather than a single agreement) to establish the card member's liability of the credit card charges is sufficient documentary evidence; and 2. would the Department consider omitting the requirement that the written corporate credit card agreement be "signed" by all three parties since, in certain provinces, the card members are not required to sign any document. ...

Consideration is being given to including the reporting of the tax payable on the purchase of real property on the regular return to facilitate the reporting requirements and the offset of the tax payable by any available net tax refund. ...

XXXXX is therefore not a person at risk under the Regulations and as a result such fees charged as consideration for the supply of administrative services are subject to GST as these services fall under subsection 4(2) of the Regulations. ...

In turn, XXXXX charges the store dealers a merchant discount of XXXXX of gross sales.The rebate of XXXXX per transaction is the consideration for the provision of data processing services supplied by XXXXX to the bank with respect to the sales drafts. ...

Note that where the shareholder is a small supplier using the membership in the course of his/her commercial activities and the consideration for the taxable supply exceeds $30,000, the shareholder will have to register and will have to collect and remit the GST on such a supply. ...