Search - consideration

If it takes 10 hours to repair the machine, the total consideration is $750 (6 x $10 + $150 allowance). ... The consideration is $60 per hour to provide the repair service plus expenses for transportation, meals and accommodation. If it takes 10 hours to repair the machine and the expenses were $289, the total consideration is $889 (10 x $60 + $289). ...

A block fee arrangement is the right to obtain a predetermined set of uninsured services in consideration for a flat fee. ... Therefore, the consideration under a block fee arrangement that is not covered by the [provincial health care plan], for the right of exchanging by email with a medical practitioner is subject to the GST/HST. ... In general, block fees arrangements and the consideration for uninsured services that are not qualifying health care supplies will need to be taken into consideration for the purposes of calculating the $30,000 threshold. ...

[The submission] took paragraphs (n) through (t) of the definition of “financial service” into consideration and concluded that the supply being made was not excluded from the definition. […][The analysis] noted that paragraph (t) refers to a “prescribed service” and […] the corresponding Financial Services (GST/HST) Regulations (the Regulations). ... Section 1 of Part IX of Schedule VI zero-rates a supply of a financial service (other than a supply that is included in section 2) made by a financial institution to a non-resident person, except where the service relates to (a) a debt that arises from (i) the deposit of funds in Canada, where the instrument issued as evidence of the deposit is a negotiable instrument, or (ii) the lending of money that is primarily for use in Canada; (b) a debt for all or part of the consideration for a supply of real property that is situated in Canada; (c) a debt for all or part of the consideration for a supply of personal property that is for use primarily in Canada; (d) a debt for all or part of the consideration for a supply of a service that is to be performed primarily in Canada; or (e) a financial instrument (other than an insurance policy or a precious metal) acquired, otherwise than directly from a non-resident issuer, by the financial institution acting as a principal. ...

As a result, the taxable supply of vehicles by way of lease from Corp A to Corp B are deemed to be made for no consideration. ... Paragraph 170(1)(b) generally provides that in determining an ITC of a registrant, no amount shall be included in respect of the tax payable by the registrant in respect of a supply of property or a service that is acquired by the registrant at any time in or before a reporting period of the registrant exclusively for the personal consumption, use, or enjoyment (the “benefit”) in that period of a particular individual who was, is, or agrees to become an officer or employee of the registrant, or of another individual related to the particular individual, except where (i) the registrant makes a taxable supply of the property or service to the particular individual or the other individual for consideration that becomes due in that period and that is equal to the fair market value of the property or service at the time the consideration becomes due, or (ii) if no amount were payable by the particular individual for the benefit, no amount would be included under section 6 of the Income Tax Act in respect of the benefit in computing the income of the particular individual for the purposes of that Act. ... When a valid section 156 election is in effect between two corporations, all taxable supplies made between those corporations, other than certain supplies set out in subsection 156(2.1), are deemed to have been made for no consideration. ...

For purposes of the RITC requirement, consideration for a single supply of specified energy will include the consideration attributable to transportation services and fees (e.g., delivery charges or regulatory fees) that are incidental to the supply of energy itself. Conversely, consideration for a supply of specified energy will generally not include consideration for transportation services that are not incidental to the supply of energy itself. ...

The purchase of new or used pallets is subject to the general rules of GST/HST where the consideration for the pallet is invoiced separately and when it is supplied by a GST/HST registrant. ... As a result, the supplier must charge tax on the consideration for the repair service. 3) Exchange of pallets XXXXX where no money transfers hands The barter of pallets XXXXX is not subject to tax when the following conditions are all met: • pallets which are exchanged are property of the same class or kind; • the persons exchanging the pallets are registrants for GST/HST purposes; and • the persons exchanging the pallets acquire the pallets as inventory and for exclusive use in commercial activities, i.e. generally for the purpose of making taxable supplies (which includes zero-rated supplies).When all the conditions are not met and there is an exchange of pallets between persons without any transfer of money, each person is deemed to have made a supply of pallets to the other one for the fair market value of the pallets it receives in exchange for the pallets. ... Let us suppose that the fair market value of the pallets received by A is $500: registrant A is considered to have supplied 100 pallets for a consideration of $500, and must therefore charge and remit tax (GST for example) on $500 of consideration, which is $25 (5% of $500). ...

Retailers accepted these coupons as partial consideration towards the purchase price of XXXXX products. ... The GST/HST was collected by the retailers on the value of consideration which would be payable if the coupons had not been accepted. ... The purchasers are not in possession of any device that entitles the purchasers to a price reduction and the retailer is not accepting any device in full or partial consideration for the supply made by the retailer. ...

Required provincial legislation has been introduced but is still under consideration by the Legislative Assembly of British Columbia. ... The HST would generally apply to any consideration for a supply of an admission to a place of amusement, a seminar, an event or an activity (hereafter referred to as an event or activity) that becomes due, or is paid without having become due, on or after May 1, 2010 to the extent that the consideration relates to the part of the event or activity that occurs on or after July 1, 2010. However, the HST would not apply to the consideration for a supply of an admission if 90% or more of the event or activity to which the admission relates occurs before July 2010. ...

Required provincial legislation has been introduced but is still under consideration by the Legislative Assembly of British Columbia. ... Transitional Rules for Services: The HST would generally apply to any consideration that becomes due, or is paid without having become due, on or after May 1, 2010, for a supply of a service, to the extent that the consideration relates to the portion of the service performed on or after July 1, 2010. However, if 90% or more of the service is performed before July 2010, no HST would be payable on the consideration for the service. ...