Search - consideration

XXXXX position is that the amount being credited to the dealer, is a reduction of consideration previously paid by the dealer for a taxable supply. ... The provisions of section 232 do not anticipate that the amount being paid is consideration for a supply. ... Under subsection 165(1) tax is payable on the value of consideration for a taxable supply. ...

These amounts rather constitute consideration paid in respect of supplies made to the employer by the optometrists and the laboratories. ... Therefore, when the Association reimburses the same amounts to the optometrists and the laboratories, it is not paying consideration for supplies made to the Association. It is rather paying these amounts to the optometrists and the laboratories on behalf of the employer in consideration for supplies made to the employer by the optometrists and the laboratories. ...

Any consideration received by the surety from the obligee with respect to the completion contract under the performance bond is not subject to GST. ... GST is applicable to the consideration for the taxable supplies made by the subcontractors to the surety. ... These payments do not represent consideration for a supply made by the subcontractors and suppliers to the surety. ...

The damages paid by "B" to "A" (as ordered by the court) are as a consequence of the breach of the contract for the making of a taxable supply, and are not consideration for the original supply stipulated in the contract. ... Whether a payment of judicial costs would otherwise be subject to tax under Part IX of the Act depends on whether it constitutes "consideration for a taxable supply". ... "Recipient" of a supply of property or a service is defined in subsection 123(1) to mean, "(a) where consideration for the supply is payable under an agreement for the supply, the person who is liable under the agreement to pay that consideration,...". ...

As per the Department of Finance Explanatory Notes for Bill C-70, the amendment was effective for supplies for which all of the consideration becomes due after April 23, 1996. ... The fact that the water hauler paid no consideration for the water does not change the fact that the water hauler is supplying unbottled water under section 23. ... The consideration for the supply of construction services is subject to the GST at 7%. ...

Interpretation Requested XXXXX asked whether wood chips and wood logs qualify as property of a particular class or kind, so that the value of consideration for the supply made by the sawmill and the pulp and paper manufacturer in the barter transaction will be nil under subsection 153(3) of the ETA. ... Analysis Subsection 153(3) of the ETA states: Where (a) the consideration or a part of the consideration for a supply of property of a particular class or kind is property of that class or kind, (b) both the supplier and the recipient are registrants, and (c) the property is acquired by the recipient and the consideration or that part thereof is acquired by the supplier as inventory for use exclusively in commercial activities of the recipient or supplier, as the case may be, the value of the consideration or that part thereof shall be deemed to be nil. ...

In other words, a royalty is not a right, but is consideration for a supply of a right. ... For purposes of this interpretation, we have assumed that the royalty payment is consideration for a taxable supply and subject to the GST/HST. ... In this case, the consideration for the supply became due after May 1991. ...

Interpretation Requested You would like to confirm that the CBA would not be regarded as consideration for a taxable supply of services. ... Interpretation Given Based on our understanding of the arrangements between the parties, it is our view that the CBA is not consideration for a taxable supply of services. ... Since it is our position that the CBA would not be regarded as consideration for a taxable supply of services, no tax would have been payable in respect of the CBA. ...

When payments are received from a government, there is always a possibility that the payment is a grant rather than consideration for a supply. ... We have enclosed Technical Information Bulletin B-067, Goods and Services Tax Treatment of Grants and Subsidies, to assist you in determining whether the payments you receive are grants or consideration. If the Province were giving you grants, your supplies of arranging for, described above, would be considered made for no consideration. ...

When the carrying broker executes a trade and performs clearing services in respect of that trade on behalf of the introducing broker, and charges a single fee per trade for both services, this fee is paid in consideration for an exempt financial service (Paragraphs 123(1)(d) and (l) of the definition of "financial service"), as both services provided by the carrying broker are an integral part of the arranging for the transfer of ownership of a financial instrument. 2. ... When the introducing broker executes its own trades but relies upon the carrying broker to perform clearing services for a fee per trade, the fee paid for the clearing services provided by the carrying broker is paid in consideration for a taxable administrative service. 5. When the introducing broker executes its own trades but relies upon the carrying broker to perform clearing services for a fee per trade, in addition to paying a minimum flat fee per month for clearing services, both fees paid for the clearing services provided by the carrying broker are paid in consideration for a taxable administrative service. ...