Search - consideration

A gift may be defined at common law as a voluntary transfer of property made without consideration. ... As well, the item of nominal value given by the charity will be considered a gift made for no consideration. ... As a result, XXXXX supplies of the t-shirts were not gifts made for no consideration. ...

Moreover, all of the payments made by the Company under Agreements A and B are consideration for that supply. The ETA includes provisions that deem certain supplies not to be a supply and the consideration for a supply not to be consideration. Under paragraph 162(2)(d), a right to enter or use land to generate, or evaluate the feasibility of generating, electricity from the sun or wind is deemed not to be a supply and any consideration paid or due is deemed not to be consideration for the right. ...

For GST/HST purposes, the consideration for the supply of the campsite becomes due on the day the camper is required to pay the consideration under the agreement. ... Therefore, the consideration for the supply of the campsite becomes due on that date. ... We note in the situation you describe that part of the consideration is paid before May 1, 2010. ...

The goods and services provided to the XXXXX as consideration for the sponsorship at the XXXXX level, inclusive, is deemed not to be a supply for GST purposes. 3. ... " There are no requirements in section 135 of the ETA that the consideration provided by the sponsor be in cash. ... The determination of whether consideration is primarily for a service of advertising by radio or television etc. is a question of fact. ...

The Company charges GST on the consideration for the Beverage and on the CRF, but not on the refundable deposit. ... The consideration for the supply of the beverage is deemed to be equal to the consideration for the supply as otherwise determined less the returnable container charge. ... Subsection 226(2) further deems that the CRF will be consideration for a taxable supply of a service in respect of the returnable container. ...

Value of consideration Establishing the value of the consideration is important both for purposes of calculating a person's small supplier threshold and for purposes of calculating the GST/HST payable for a given taxable supply. ... It stipulates, in part, that where a provision such as section 162 deems consideration for a supply not to be consideration for the supply, or a supply not to have been made, that "deeming shall not apply" for the purposes of any of subsections 141.01(1) to (4). In other words, subsection 141.01(7) ensures that, for purposes of claiming ITCs, the supplies made by the XXXXX under the Lease are considered supplies, and the consideration payable by CanCo is recognized as consideration. ...

Ruling Requested You would like to us to confirm that: 1. the debt repayment made by the User Groups is not a prescribed provincial levy; 2. the payment of the [Additional Rate] is not consideration for a supply; and 3. in the event that we determine the payment of the [Additional Rate] to be consideration for a supply, that it is consideration for an exempt supply of a financial instrument or financial service. ... The [Additional Rate] is consideration for a supply Pursuant to subsection 123(1) of the ETA, the term "consideration", for GST/HST purposes, "includes any amount that is payable for a supply by operation of law". ... The [Additional Rate] represents consideration for this supply, and therefore does not represent consideration for the exempt supply of a financial service. ...

Therefore, it must be determined if the payments made under the Agreement are consideration for a supply. ... The XXXXX is purchasing services from XXXXX and therefore the payment is consideration for a taxable supply. ... The XXXXX would not be entitled to ITCs since it does not make any taxable supplies for consideration. ...

GST/HST should not have been charged on the consideration payable by [Sponsor #1]. ... GST/HST should not have been charged on the consideration payable by [Sponsor #2]. ... GST/HST should not have been charged on the consideration payable by [Sponsor #3]. ...

However, subsection 141.01(1.1) states that for the purposes of subsections 141.01(2) and 141.01(3) the term "consideration" does not include nominal consideration. ... Monies from the long term loan from XXXXX or from the XXXXX are not regarded as consideration for taxable supplies. ...