Search - consideration

The amount paid by the XXXXX is consideration for a supply of an investigation service. ... In order to be consideration, the amount must be payable for a supply. The investigation costs are consideration for a supply. Should you have any questions, please call me at (613) 952-0419. ...

XXXXX stated that a damage payment would not be subject to GST because it is not consideration for a supply. ... When a carrier or its insurance company reimburses XXXXX for damages to the property of a customer of XXXXX the payment is not consideration for a supply. The fact that the payment is consideration for a loss suffered by a third party does not change the fact that the payment is not consideration for a supply, as XXXXX is not providing anything in exchange for the damage payment. ...

That is, the consideration for the ice time is reduced by the amount of the grant. ... Interpretation Requested Is the amount by which the consideration for the ice rental is reduced considered "government funding" for purposes of the Regulations? ... In essence, the consideration payable by the association for the ice rental is reduced by the amount of the "grant. ...

When calculating the taxes on the value of the consideration, the PST charged by you, if you are required to charge PST under provincial law, would not be included in the value of the consideration for the supply. Therefore, PST and GST are each calculated separately based on the value of the consideration of the supply on accordance. ... The invoice total would be equal to the value of consideration ($107) plus GST ($107 x 7%) plus PST ($107 x PST rate). ...

Barter units are accepted by XXXXX as partial consideration, to a maximum of XXXXX%, of the consideration for the supply of media time sold by XXXXX or goods and services from other parties. ... In the case at hand, XXXXX limits the total percentage of the consideration that can be paid with trade credits to XXXXX% of the consideration for supplies of advertising services from XXXXX. ... (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. ...

Interest at a specified rate is also payable on the amount calculated to be the "Unearned Consideration". The interest is calculated from the day XXXXX paid the Monetary Consideration to the dealer to the day the "Unearned Consideration" is repaid to XXXXX 7. ... To the extent that XXXXX prepays consideration, it is not required to pay a rate per litre of fuel as the dealer makes its fuel purchases. ...

However, the vendor may also opt under subsection 181(3) to treat the coupon as reducing the value of consideration for the supply as provided for under subsection 181(4), in which case the recipient would be required to pay tax to the vendor on the net consideration for the supply after deducting the exchange value of the coupon. ... In that case, the recipient of the supply would be required to pay tax on the net value of consideration after deducting the coupon value. ... As such, if the value of the consideration for the supply of the specific good in question is fully reduced by the number of points exchanged, the net consideration on which tax would apply would be zero, and the recipient of the supply would pay no tax. ...

The general timing of liability rule under subsection 168(1), is that tax is payable by the recipient of a taxable supply on the earlier of the day the consideration for the supply is paid and the day that consideration for the supply becomes due. ... Under subsection 152(1), consideration for a taxable supply, or a part thereof, is deemed to become due on the earliest of the following days: •   the day the supplier first issues an invoice in respect of the supply for that consideration or part; •   the date of that invoice; •   the day the supplier would have, but for an undue delay, issued an invoice in respect of the supply for that consideration or part; and •   the day the recipient is required to pay that consideration or part to the supplier pursuant to an agreement in writing. ... In such cases, subsection 168(7) does not apply and the tax is payable on the earlier of the day the consideration is paid and the day the consideration becomes due in respect of the supply. ...

Interest at a specified rate is also payable on the amount calculated to be the "Unearned Consideration". The interest is calculated from the day XXXXX paid the Monetary Consideration to the dealer to the day the "Unearned Consideration" is repaid to XXXXX 7. ... To the extent that XXXXX prepays consideration, it is not required to pay a rate per litre of fuel as the dealer makes its fuel purchases. ...

One might question whether a penalty can be regarded as "consideration" for a supply. ... While in some cases penalties could fall under a specific rule such as section 182 of the Act and could become "consideration" for a deemed taxable supply, in other cases they could fall under the general provisions of the Act and be regarded as consideration for an actual supply being made. ... Therefore, depending on the specific facts of the situation, a penalty could take the form of: further consideration for a previous supply, consideration for a new supply, or "not consideration for a supply" In this case, one could argue that the Safety Committee Levy is imposed as a consequence of the breach of the agreement (e.g. safety measures agreed upon by the operator) entered into between the carrier and the operator and thus the payment should fall within the provisions of section 182. ...