Search - consideration

In consideration of the divergent opinions concerning the tax status of in vitro diagnostic test kits that may have resulted in different tax treatment applied to the supply of these products, the CCRA Audit Directorate has advised that it has adopted the following general approach to address this matter. ...

Every recipient of a taxable supply made in Canada is required to pay GST/HST in respect of the supply at the GST rate of 7% (or the HST rate of 15% where the supply is deemed to be made in a participating province) on the value of the consideration for the supply unless the supply is zero-rated (i.e., taxed at 0%). ...

In consideration of the divergent opinions concerning the tax status of in vitro diagnostic products that may have resulted in different tax treatment applied to the supply of these products, the CCRA has adopted the following general approach to address this matter. ...

He is of the opinion that since Company B receives no revenue if no securities or policies of insurance are placed, that the fees paid to Company A are consideration for the supply of a financial service. ...

Operating Agreement or another agreement) that spell out the consideration the XXXXX Charity is entitled to receive for its management services. ...

Unless the real estate agent is a small supplier, the agent is required to register for purposes of the GST/HST and is required to charge and collect tax on the consideration (i.e., commission) payable for the provision of the taxable supply of the real estate service. ...

Generally, section 6 of Part I of Schedule V exempts the lease a residential unit in a residential complex for occupancy as a place of residence or lodging where the period of occupancy is at least one month or as a place of residence or lodging where the consideration does not exceed $20 for each day of occupancy regardless of the period of occupancy. ...

INTERPRETATION GIVEN Generally, in accordance with section 165 of the ETA, every recipient of a taxable supply made in Canada is required to pay GST/HST on the value of the consideration for the supply, unless the supply is zero-rated (listed in Schedule VI to the ETA and subject to the GST/HST at the rate of 0%) or exempt (listed in Schedule V to the ETA and not subject to the GST/HST). ...

Black's Law Dictionary (Revised 4th ed.) refers to a "sale", among other things, as: "A contract between two parties called, respectively, the "seller" (or vendor) and the "buyer" (or purchaser), by which the former, in consideration of payment or promise of payment of a certain price in money, transfers to the latter the title and the possession of property." "A contract whereby property is transferred from one person to another for a consideration of value, implying the passing of the general and absolute title, as distinguished from a special interest falling short of complete ownership. ... The rules in section 142 (which establishes the place of supply), section 150 (election for exempt supplies), section 156 (election for nil consideration); section 167 (which provides a rollover in major business reorganizations); and in section 168 (which determines when tax becomes payable) all apply differently depending whether a supply is "by way of sale" or "by way of lease, license or similar arrangement". ...

Incidental supplies are deemed to form part of another supply, provided that they are supplied together for a single consideration, where it may be reasonably regarded that the provision of one property or service is incidental to the provision of the other property or service. ... Whether a person is carrying on business in Canada for GST/HST purposes is a question of fact requiring consideration of all relevant facts. ... Section 211.16 provides that the person is required to indicate to the recipient, in a manner satisfactory to the Minister, the consideration paid or payable by the recipient and the tax payable in respect of the supply, or that the amount paid or payable by the recipient for the supply includes the tax payable in respect of the supply. ...