Search - consideration

Where the tenant is paying cash as consideration for the supply, there is only one supply, that being the supply of real property from the landlord to the tenant. ... The landlord must account for GST on the gross amount of the lease (i.e. the total of the monetary consideration as well as any non-monetary consideration that may have been paid) since the real property has been supplied every month during the term of the lease and the tenant has given monetary and/or non-monetary consideration, for the monthly taxable supply. ... The rules of paragraph 153(1)(b) will apply to determine that the value of the non-monetary consideration given, is the fair market value of that consideration. ...

Pursuant to subsection 153(1) of the ETA, the value of consideration for a supply is deemed to be equal to: (a) where the consideration or that part is expressed in money, the amount of the money; and (b) where the consideration or that part is other than money, the fair market value of the consideration or that part at the time the supply was made. ... Therefore, the dealer charges the GST to the Program on the consideration it receives from the Program. ... As previously stated, pursuant to subsection 153(1) of the ETA, the value of consideration for a supply is deemed to be equal to: (a) where the consideration or that part is expressed in money, the amount of the money; and (b) where the consideration or that part is other than money, the fair market value of the consideration or that part at the time the supply was made. ...

The concept underlying ITC allocation methods is that a method or methods used must link a particular property or service to its use for the purpose of making taxable supplies for consideration and for purposes other than making taxable supplies for consideration. ... If [an Organization] has an overall purpose that is not the making of taxable supplies for consideration (e.g., related to the provision of exempt supplies) it is unlikely that [...]% of the entity's inputs are for use in making taxable supplies for consideration [...]. ... If an input is for use in making taxable supplies for consideration and for use in some other purpose, the [Organization] will generally be eligible for ITCs only to the extent that the inputs are for use in making taxable supplies for consideration. [...] ...

The supplier collects the 13% HST on the consideration payable for the sale of the granola bar. 2. ... If the granola bar is sold for consideration separate from the consideration for the cup of coffee, only the qualifying beverages (water and coffee) qualify for the rebate. ... The supplier collects the 5% federal portion of the HST on the total consideration payable for the sale of the milk and the sandwich, whether or not they are sold for a single consideration. ...

Under subsection 232(2), where a particular person has charged to, or collected from, another person tax calculated on the consideration or a part thereof for a supply and, for any reason, the consideration or part is subsequently reduced, the particular person may, in or within four years after the end of the reporting period of the particular person in which the consideration was so reduced, (a) where tax calculated on the consideration or part was charged but not collected, adjust the amount of tax charged by subtracting the portion of the tax that was calculated on the amount by which the consideration or part was so reduced; and (b) where the tax calculated on the consideration or part was collected, refund or credit to that other person the portion of the tax that was calculated on the amount by which the consideration or part was so reduced. ... Memorandum 12.2 states that a reduction in consideration may occur under the following circumstances: • when some or all of the consideration is returned; • as a result of surpassing a certain volume of purchases, i.e., a volume rebate; • where goods delivered are found to be substandard; or • where goods are returned to the supplier for a full or partial refund of the consideration. ... Another reason given above for a reduction in consideration is a "promotional allowance". ...

Company C supplied logs and money to Company A and received as consideration pulpwood valued at XXXXX[.] ... Company C supplies logs to Company B and received chips as consideration. ... Pursuant to subsection 165(1), the GST is calculated at the rate of 7% on the value of consideration. ...

It does so by eliminating from the calculation the consideration for the supply that becomes due or is paid before it becomes due. However, in the case of section 192, while the supply is deemed to have been made for a certain consideration, that consideration is not deemed either to become due or to be paid before it comes due. ... Therefore, the deemed consideration in paragraph 192(a) is not to be deducted from the value of the consideration used in calculating the deemed tax in paragraph 192(b). ...

The consideration is paid in full by March 31, 2010. 3. XXXXX are registered for GST/HST purposes. ... Deposits Please note that deposits given in respect of a supply are not consideration for a supply unless and until the supplier applies the deposit as consideration for the supply. ... If the consideration either becomes due or is paid before May 1, 2010, this rule applies. ...

The XXXXX Auctioneer charges the producers a commission as consideration for supplying auctioneering services. ... The consideration for the supply of feed does not include amounts on account of yardage or storage. ... On such occasions, the XXXXX Auctioneer will collect the GST on the consideration for supplying feed to the XXXXX purchaser. ...

Interpretation Given Refund of GST/HST under XXXXX Subsection 232(2) states: Where a particular person has charged to, or collected from, another person tax under Division II calculated on the consideration or a part thereof for a supply and, for any reason, the consideration or part is subsequently reduced, the particular person may, in or within four years after the end of the reporting period of the particular person in which the consideration was so reduced, (a) where tax calculated on the consideration or part was charged but not collected, adjust the amount of tax charged by subtracting the portion of the tax that was calculated on the amount by which the consideration or part was so reduced; and (b) where the tax calculated on the consideration or part was collected, refund or credit to that other person the portion of the tax that was calculated on the amount by which the consideration or part was so reduced. ... The reduction in consideration must also relate to the original supply. ... " Subsection 123(1), defines "recipient" to include, in part, where consideration for the supply is payable, the person liable to pay the consideration for a supply. ...