Search - consideration

As the value of the trade-in was greater than the consideration for the leased vehicle, no PST was charged on the lease payments. 5. ... With respect to the situation described above, the value of the consideration for the PST was nil and thus the value of the consideration for determining the provincial component of the HST applicable to the lease payments would also be nil. ... Section 354.1 of the ETA provides the following: a. if a motor vehicle is made by way of lease in a participating province before April 1, 1997, and b. a trade-in is accepted as consideration as full or partial consideration for the supply of the vehicle, and c. the PST would have applied to the lease intervals except for the trade-in, and d. the value of the consideration exceeds the "adjusted value" of the supply, e. the value of the consideration for purposes of determining tax under 165(2) or 218.1(1) on that supply is the "adjusted value. ...

Specifically, where a supplier has charged or collected tax from a purchaser on the consideration for a supply and, for any reason, that consideration is subsequently reduced (for instance, where a supplier agrees to refund the consideration paid for a returned good), the supplier may refund or credit to the purchaser the portion of the GST/HST that was calculated on the amount by which the consideration was so reduced (Subsection 232(2) of the ETA). ... A deposit given in respect of a supply is not considered as consideration paid for the supply unless and until the supplier applies the deposit as consideration for the supply (Subsection 168(9) of the ETA). Any applicable GST/HST will therefore only become payable on the deposit amount when it is applied as consideration for the supply. ...

Pursuant to section 159 of the Act, where the consideration for a supply is expressed in foreign currency, the value of the consideration for GST/HST purposes shall be calculated based on the value of that foreign currency in Canadian currency. ... Subsection 168(1) of the Act provides 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 the consideration for the supply becomes due. Consideration or a part thereof for a taxable supply is deemed to become due on the earliest of: (a) the day the supplier first issues an invoice in respect of the supply and the date of that invoice; (b) 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 (c) the day that the recipient is required to pay that consideration or part pursuant to an agreement in writing. ...

The boards paid GST/HST on these supplies based on a value of consideration that included the excise tax. ... (ii) GST/HST is applicable, calculated on the value of consideration for the taxable supply, pursuant to section 165 of the ETA. ... The consideration for the supply includes any amount payable for the supply by operation of law. ...

On the invoice, the consideration for the supply is expressed in foreign currency. ... Section 159 provides that where the consideration for a supply is expressed in a foreign currency, the value of the consideration shall be computed on the basis of the value of that foreign currency in Canadian currency on the day that tax is payable, or on such other day as is acceptable to the Minister. ... The days used by the Supplier to compute the value of the consideration for its supplies in Canadian currency is a day that is acceptable to the Minister. ...

Are the moneys paid to XXXXX by the Owners in respect of XXXXX property tax bill consideration for a tax exempt supply of property taxes, or are the moneys consideration for a taxable supply of real property? ... While Policy Paper P-[0]62 states that easements may be considered similar to a sale if they are granted in perpetuity and for a single consideration, the easement at issue is granted in return for the repeated payment of ongoing expenses, and not for a single consideration. ... The payments are multiple consideration for a taxable supply of real property by way of an arrangement similar to a licence. ...

" The lease deficiency amount is part of the consideration for the lease of the first vehicle, which is a taxable supply. ... The lease deficiency is part of the consideration for the supply of the vehicle by way of lease, and the GST/HST calculated on the value of that part of the consideration is due on the earlier of the day the lease deficiency is paid or the day it is due. Section 152 of the ETA outlines when the consideration for a taxable supply is due. ...

XXXXX pays GST on these supplies based on a value of consideration that includes the excise duty. 2. ... XXXXX pays GST on these supplies based on a value of consideration that includes the excise tax. 3. ... GST), calculated at the rate of 7 per cent on the value of the consideration for the supply. ...

The amount of the reduction is equal to the value of the consideration for the trade-in. ... This will occur where the value of the consideration for the trade-in is equal to, or greater than, the value of the consideration for the supply of tangible personal property made by the supplier. ...

Was XXXXX correct in asserting that GST was owing in the amount of seven percent of the consideration originally charged, or would section 194 of the ETA apply, so that the amount of tax owing would be 7/107 of the consideration for the supply? ... The vendor is liable to remit 7/107 of the total of the combined amount of consideration and GST paid or payable by the vendor. ... Therefore, the vendor is liable to remit 7/107 of the combined amount of consideration and GST. 2. ...