Search - consideration

The deposit and the container recycling fee are deemed to be consideration for the supply of the container made to the retailer. ... The deposit and the container recycling fee are deemed to be consideration for the supply of the container made by the retailer. ... The consideration for the supply of the beverage is deemed to be equal to the consideration for the supply as otherwise determined less the returnable container charge. ...

"Consideration", as defined in subsection 123(1) of the ETA, includes any amount that is payable by operation of law. ... Under paragraph 153(1)(a) of the ETA, where the consideration or that part is expressed in money, the value of the consideration is the amount of money. ... Since tax is calculated on the value of the consideration, subsection 168(9), where applicable, will affect the timing of when tax is both payable and collectible. ...

Where the payment is for the same lease terms to continue (also not a late payment fee for section 161 to exclude it from consideration) one could reasonably conclude that it is paid as further consideration for leasing the site. ... (iii) The payment is consideration for a new supply If the penalties become payable pursuant to a settlement agreement between the parties, then that amount could be regarded as consideration for a new supply. ... (iv) The payment is not consideration for a supply. The penalties imposed by statute which are not payments for agreeing to provide or actual provision of property or a service would generally fall into the category of "not consideration for a supply". ...

Question What, if anything, is the value of the consideration for the supply? ... However, there may nevertheless be some form of consideration in respect of a supply that the supplier regards as a gift. ... This right should be regarded as consideration for the supply of real property. ...

Subsections 153(1) and 123(1) provide definitions of "value of consideration" and "consideration", however it is the definition of consideration contained at subsection 123(1), which is of particular relevance to any discussion of the application of tax to voluntary payments. The definition of consideration states that the word "includes any amount that is payable for a supply by operation of law". ... If the supply that was made, was a taxable supply, the amount of money paid would be treated as consideration and tax would apply. ...

XXXXX provides XXXXX return tickets for travel XXXXX the value for consideration being $890.42. ... The value for consideration of the supply of the tickets to the travellers was $988.42. 5. The difference between the value of consideration for the supply of the tickets was $98.42. ...

Section 181.2 provides that, for GST/HST purposes, the issuance or sale of a gift certificate for consideration is deemed not to be a supply and, when given as consideration for a supply of property or a service, the gift certificate is deemed to be money. ... Where the company charges consideration for the supply of the coupon to the consumer it would be required to account for tax on the value of that consideration. On the redemption of the coupon, the merchant redeeming the coupon would be required to account for tax on the good or service supplied either on the full value of the consideration for the good or service or on the reduced consideration, depending on the type of coupon. ...

15 January 2003 GST/HST Interpretation 42670- Transfer of Real Property in Lieu of Dedicated Land Unedited CRA Tags ETA 123(1) sale; ETA 123(1) consideration XXXXX January 15, 2003      Daryl J.A. ... In effect, the value of the subject property in excess of XXXXX would be considered for GST/HST purposes to have been transferred to the municipality for nil consideration. ... In this case, GST would apply only to the monetary consideration of XXXXX, as stated above. ...

Generally, the transitional rule for prepaid funeral arrangements is that if at least part of the consideration has been paid, then any consideration that becomes payable to the funeral home for the original funeral services supplied under the arrangement (i.e., generally, when the amounts are distributed from the trust at the time of need) will not be subject to the provincial part of the HST. ... In both cases, the amount of HST payable will be based on the full HST rate that applies on the earlier of the date when the consideration becomes due, or is paid without having become due. ... The amount of HST payable will be based on the HST rate that applies on the earlier of the date when the consideration becomes due, or is paid without having become due. ...

For GST/HST purposes, "consideration" includes any amount that is payable for a supply by operation of law. ... According to section 153, the value of consideration, or any part of the consideration, for a supply is considered 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. ... Host A is making a supply of a host service for consideration, the value of which is equal to the fair market value of the host gift. ...