Search - consideration

Subsection 153(4) provides the rules in respect of calculating the value of the consideration for a supply of tangible personal property made by a supplier. ... The value of the consideration for the supply is deemed to be equal to the amount, if any, of the value of the consideration for that supply by the supplier that exceeds the amount credited to the customer for the value of the trade in. ... When all the conditions under subsection 153(4) are met, the value of the consideration for the supply of the new vehicle is reduced by $2,000 (the value of the leasehold interest therein). ...

Interpretation Requested What is the tax status of the supply of the surrender service where the consideration for the service is taken from the segregated fund? ... With respect to whom the service is supplied, the definition of recipient in subsection 123(1) of the Act states that the person who is liable to pay the consideration is the recipient of the supply of the property or service. In this case, it is the segregated fund that is liable to pay the consideration since the consideration for the surrender service is deducted from the segregated fund. ...

Should the XXXXX payment from XXXXX to XXXXX be regarded as consideration for a taxable supply? ... What matters is whether the payment is consideration for a taxable supply. 3. ... Therefore, the payment would not be consideration for supplies. However, because the payment would be an additional payment made by the recipient of the supply, it would be deemed to be consideration for a taxable supply under subsection 182(1). 3. ...

Subsection 123(1) defines "recipient", where consideration is payable for a supply under an agreement for the supply, to be the person who is liable to pay the consideration under the agreement for the supply. ... In order for the District to be a recipient of a subcontractor's supply, the District must be liable to pay consideration under the agreement for the supply by the particular subcontractor. ... As mentioned in Condition 4, we consider the management services performed by the Society to be consideration for the lease of the Facility made by the District. ...

XXXXX has a lease agreement with XXXXX for space it occupies in the XXXXX and pays consideration attributable to XXXXX % of that space. 4. XXXXX has charged and remitted GST on consideration attributable to XXXXX % of the space that XXXXX occupies in the building (i.e., XXXXX %, which is XXXXX ownership interest in the space occupied by XXXXX). 5. ... Based on the facts above, it is our opinion that XXXXX is required to collect and remit GST on consideration attributable to XXXXX % of the space XXXXX occupies in the building. ...

Although no amount of consideration and tax was collected by XXXXX from XXXXX, the amounts charged as GST were included in XXXXX GST/HST returns in determining their net tax for the reporting periods in which the consideration was due as provided under subsection 168(1) and 225(1). 4. In the first part of XXXXX XXXXX established that both the consideration and tax payable in respect of the supplies was in whole unrecoverable. ... Interpretation Requested You requested an interpretation as to whether each settlement payment received by XXXXX from XXXXX ($XXXXX and $XXXXX) is: 1. consideration for a taxable supply pursuant to section 165 of the ETA; 2. a recovery of a bad debt subject to subsection 231(3) of the ETA; or 3. neither consideration for a taxable supply, nor a recovery of a bad debt and therefore not subject to GST. ...

The operator of a casino is not required to charge a provincial gaming authority GST/HST on the consideration it charges for its services. 2. ... Therefore, GST/HST will not apply to the consideration paid to the operator for the provision of this service. ... Under subsection 7(7) of the Regulations, the gaming authority is required to include an amount in respect of consideration paid for a casino operating service. ...

XXXXX is then reimbursed an agreed upon proportion of the consideration by its partner. ... In other words, the recipient is paying consideration for the promotional material, not simply for the service of having it delivered. In this situation, consideration is charged for the publications, therefore, section 10 of Part VI to Schedule V will no longer apply. ...

Interpretation Given GST is calculated on the consideration for a supply in accordance with section 154 of the ETA. ... GST payable is calculated on the value of the consideration, excluding duty. ... GST payable is calculated on the value of the consideration, including duty. ...

Technical Information Bulletin B-042 sets out four criteria which the payment must meet to qualify as a deferred price adjustment: 1) the payment must be a reduction in consideration which occurs at some point in time after the GST has been charged or collected; 2) the payment must be given to the original purchaser of the supply; 3) the payment must be a reduction in consideration which relates to the original supply; and 4) the payment may be made for any reason, but must not depend upon any action undertaken, or supply made, by the recipient. ... It is also our view that the incentive represents consideration for the supply by the vehicle purchaser of agreeing to borrow from the XXXXX specified by XXXXX. ... The incentive is consideration for that supply, therefore the incentive cannot also be the price reduction described above. ...