Search - consideration

The customer applies for the insurance policy issued by the insurer for which the consideration payable by the customer to the insurer is […][the full] premium for the coverage period (i.e., the lease term). The consideration is payable to the insurer at the time of the purchase of the insurance. ... The Insurer is not required to charge and collect GST/HST on the consideration (i.e., the insurance premiums) payable by the Individual. ...

We view this $XXXXX as consideration for the taxable supply of the right to use the rooms made by the Corporation and XXXXX is required to pay the GST to the Corporation in respect of this amount. ... The calculation excludes consideration attributable to the sale of goodwill of a business, supplies of financial services, and supplies by way of sale of capital property. ... As a result, even if the agent pays the consideration and tax on behalf of the principal, it is the principal who may be entitled to claim an ITC in respect of the tax payable. ...

The MD receives consideration from XXXXX for the services rendered above. ... The Practitioner receives consideration from XXXXX for the services rendered above. ...

As per section 165, GST/HST is calculated on the value of the consideration for the supply. ... As per subsection 168(1), tax in respect of a taxable supply is payable by the recipient on the earlier of the day the consideration for the supply is paid and the day the consideration for the supply becomes due. ... Consideration is defined under subsection 123(1) and includes any amount that is payable for a supply by operation of law. […][Therefore Y] is required to pay GST/HST on the full consideration payable for the pledge amounts […]. ...

Further, subsection 141.01(2) provides that a person is deemed to have acquired property or a service for consumption or use in commercial activities only to the extent that the property or service is acquired for the purpose of making taxable supplies for consideration (e.g., fees or charges) in the course of an endeavour (e.g., a business) of the person. To the extent that the property or service is acquired for the purpose of making supplies in the course of an endeavour that are not taxable supplies made for consideration, or for a purpose other than making supplies, the person is considered to have acquired the property or service for consumption or use otherwise than in commercial activities. ... As the Law Firm’s services were acquired by you for consumption or use otherwise than in making taxable supplies for consideration, the conditions of subsection 169(1) are not met. ...

EXPLANATION Pursuant to subsection 165(1), every recipient of a taxable supply made in Canada shall pay tax in respect of the supply calculated at the rate of 5% on the value of the consideration for the supply. Pursuant to subsection 165(2), every recipient of a taxable supply made in a participating province shall pay in addition to the tax imposed by subsection 165(1), tax in respect of the supply calculated at the rate of tax for that province (Ontario 8%) on the value of the consideration for the supply. ... The rebate is not a reduction in consideration for the supply of electricity, nor is it a reduction to the HST payable in respect of the supply of electricity.   ...

EXPLANATION Pursuant to subsection 165(1), every recipient of a taxable supply made in Canada shall pay tax in respect of the supply calculated at the rate of 5% on the value of the consideration for the supply. Pursuant to subsection 165(2), every recipient of a taxable supply made in a participating province shall pay in addition to the tax imposed by subsection 165(1), tax in respect of the supply calculated at the rate of tax for that province (Ontario 8%) on the value of the consideration for the supply. ... The rebate is not a reduction in consideration for the supply of electricity, nor is it a reduction to the HST payable in respect of the supply of electricity. ...

EXPLANATION Pursuant to subsection 165(1), every recipient of a taxable supply made in Canada shall pay tax in respect of the supply calculated at the rate of 5% on the value of the consideration for the supply. Pursuant to subsection 165(2), every recipient of a taxable supply made in a participating province shall pay in addition to the tax imposed by subsection 165(1), tax in respect of the supply calculated at the rate of tax for that province (Ontario 8%) on the value of the consideration for the supply. ... The rebate is not a reduction in consideration for the supply of electricity, nor is it a reduction to the HST payable in respect of the supply of electricity. ...

EXPLANATION A damage payment or other amount that is paid other than as consideration for a supply that was to be made under an agreement may fall under the deeming provision in subsection 182(1), resulting in a GST/HST liability. This subsection deems certain amounts to be consideration for a taxable supply where the following conditions are met: an agreement must have been breached, modified, or terminated; the breach, modification, or termination of the agreement must have occurred after 1990; the agreement must have been for the making of a taxable supply (other than a zero-rated supply) of property or a service in Canada by a GST/HST registrant; an amount must be paid or forfeited to the GST/HST registrant as a result of the breach, modification, or termination; and the amount paid or forfeited must not be consideration for the taxable supply that was to be made under the agreement. ...

EXPLANATION Generally, every recipient of a taxable supply made in Canada shall pay GST/HST calculated at the rate of 5% on the value of the consideration for the supply (15% in Nova Scotia, 13% in Ontario, New Brunswick, and Newfoundland and Labrador, and 14% in Prince Edward Island). ... Where an automotive part is sold and the vendor charges a core charge, the core charge forms part of the consideration payable for the sale of the part. As such, the vendor is required to charge the applicable rate of GST/HST calculated on the total consideration payable for the part including the core charge. ...