Search - consideration

Dividend Payout As mentioned in the facts stated above, the Dentist receives dividend payouts once or twice a year as the only form of consideration for the work he performs for the Company. As the dividends are paid in relation to the ownership of shares, they are not treated as consideration for the supplies of services by the Dentist. ... Subsection 155(1) provides, in part, that where a supply is made between persons not dealing at arm’s length for no consideration or for consideration less than the fair market value at the time the supply is made, and the recipient is not a registrant acquiring the property or service for use exclusively in commercial activities of the recipient, the value of consideration is deemed to be the fair market value of the property or service at the time the supply is made. ...

GST is charged on the value of the consideration for a supply made in Canada. ... Accordingly, tax would be charged on the full amount of the consideration received. ... The commission you pay to a travel agent is consideration for a supply made to you. ...

In consideration for the transfer of the Temporary Easement, the owners received a lump-sum of $[…] on the closing date of the agreement. ... In turn, a payment of consideration and tax made by the recipient of a supply of real property that is held in joint tenancy is a payment made to all of the joint tenants. ... Once the GST/HST has been reported and remitted the GST/HST on the total consideration by one Owner, the other owner is relieved of this liability. ...

However, where the value of consideration for the supply of real property is not ascertainable on the day the tax is payable in accordance with subsection 168(5), the tax is payable on the value of the consideration on the day the value becomes ascertainable, pursuant to subsection 168(6). The money collected from the latecomers and paid to the frontender is consideration for the supply of real property from the frontender to. 3. ... The tax becomes payable when the value of the consideration for the supply of real property becomes ascertainable, as explained above. ...

They also apply to a supply made on or before that day if: * all of the consideration for the supply becomes due after that day or is paid after that day without having become due; or * any of the consideration for the supply became due, or was paid, on or before that day if the supplier charged, collected or remitted any GST/HST in respect of the supply. ... It also applies to a supply made on or before that day if: * all of the consideration for the supply becomes due after that day or is paid after that day without having become due; or * any of the consideration for the supply became due, or was paid, on or before that day if the supplier charged, collected or remitted any GST/HST in respect of the supply. ... Generally, the manner in which consideration is charged does not by itself characterize a supply. ...

The dealers pay an annual membership fee to an XXXXX which is consideration for a taxable supply. 6. The betterment fees are additional consideration for the taxable supply of the annual membership fee in one of the XXXXX[.] ... The consideration for the sales may include amounts in respect of various finishing charges previously mentioned. 2. ...

EXPLANATION Whether an additional contribution paid by an existing member of the Club is additional consideration for the supply of a “membership” as defined under subsection 123(1), or consideration for a security that is deemed to be a supply of a membership under section 140 is a question of fact. Where a membership in the Club is a taxable supply, as a GST/HST registrant, the Club would be required to account for the HST payable on such consideration. ... The [mm/yyyy] capital contribution paid by [Type X] members as well as any similar future payments made by existing [Type X] members is additional consideration for a supply of a membership as defined in subsection 123(1) that is taxable, or is consideration for a security that is deemed to be a supply of a membership under section 140 that is taxable; therefore the Club would be required to account for the HST payable on such amounts. ...

According to the Termination Agreement: • In consideration of the Payment, [Company X] and [Company Y] are to execute the [...] ... Finally, the Termination Agreement sets out that in consideration of the payment, [Company Y] is to remit the originals of the Guarantees to [Company X] and to deliver the [Equipment stored in Province B] to [Company X]. 13. ... Where subsection 182(1) does not apply, generally a damage or penalty payment is not consideration for a supply, as it is compensatory or punitive in nature, and not given in exchange for a supply of property or services by another party. ...

A gift certificate is a device (e.g. voucher, receipt, ticket): • that usually has a monetary value or is for a supply of property or service, • that can be redeemed on the purchase of property or a service from a particular supplier; i.e. the supplier agrees to accept the device as consideration, or a part thereof, towards the purchase of property or a service, • for which consideration was given, and • that has no intrinsic value. Section 181.2 provides that, for GST/HST purposes, the issuance or sale of a gift certificate (including a gift card that meets the criteria 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. ... Therefore, a GST/HST registrant merchant of a particular establishment who accepts a gift certificate as a method of payment is required to account for the GST/HST payable by the customer on the value of the consideration charged in respect of the taxable supply (other than zero-rated) of their goods or services. ...