Search - consideration

The portion of the physicians' fees that XXXXX retains is consideration paid by the physicians to XXXXX for a taxable supply made by XXXXX that can be characterized as an administrative service. If a registrant, XXXXX is required to collect and remit the GST/HST at the rate of 7% on the value of the consideration for this supply. ... The amount of the physicians' fees retained by the medical clinic is therefore consideration paid by the physicians for this supply. ...

An application for the designation of the Buyer as a buyer for purposes of the buying group method of accounting for the GST/HST under subsection 178.6(5) of the ETA should be forwarded to the Buyer's local tax services office for consideration. ... Where the supplier refunds, adjusts or credits the tax in respect of the reduction in consideration, the supplier is required to issue a credit note, unless the purchaser issues a debit note, containing prescribed information for the amount of the refund, adjustment or credit. Under the buying group method, if the supplier issues a credit note in respect of a reduction in consideration to the buyer, the buyer is deemed to have received the note on behalf of the ultimate recipients (i.e., the customers of the Buyer in your case). ...

The portion of the funding received from the Province that is used by the City in the construction, XXXXX of provincial roadways is consideration for supplies made by the City to the Province. ... Pursuant to section 125 of the Constitution Act, 1867, GST is not collectible from the Province on the consideration for taxable construction services provided to it by the City. ... The portion of provincial funding that is directed for use by the City in acquiring or improving City property, XXXXX is not consideration for supplies made to the Province. ...

The fees, actual costs and the ARIS fee all form part of the consideration for the supply and are subject to the GST/HST. 2. ... EXPLANATION Generally, every recipient of a taxable supply (other than a zero-rated supply) is required to pay GST/HST on the value of the consideration for the supply. ... In addition, the fees, actual costs and the ARIS fee are all part of the consideration for the supply that is subject to the GST/HST. ...

. […] of the Policy provides that, in consideration of the premium, the Insurer will indemnify the Insured for the payment of damages, fines or costs payable by an Insured Person or Insured Organization for non-indemnifiable and indemnifiable liability claims made against them. 11. ... As such, the Insurer’s provision of the insurance under the Policy is an exempt supply of a financial service and the Insurer is not required to charge and collect GST/HST on the consideration (i.e., the insurance premiums). ... A “recipient” of a supply means, where consideration for the supply (e.g., the insurance premium) is payable under an agreement for the supply (e.g., the Policy), the person who is liable under the agreement to pay that consideration. ...

When examining fees levied in conjunction with the lending of money (including the aforementioned Forbearance Fees), it must be determined whether the fees form part of the consideration for the exempt supply of a financial service or are consideration for a separate supply. ... Therefore, the Forbearance Fee forms part of the consideration for the supply of the loan. When examining the amount paid by the Limited Partnership to the General Partner, it is necessary to take section 272.1 into consideration. ...

Explanation The first matter to be determined is whether the funds received from PWGSC are consideration for a supply or a grant. If the funds are consideration for a supply, then it will be necessary to determine whether the supply is taxable or exempt. ... Consideration for a Supply or a Grant? It is our view that Technical Information Bulletin (TIB) B-067 does not apply to the payments provided by PWGSC to the Operator, i.e. that the payment is consideration for a supply and not a grant. ...

[Fee Y] is consideration for a supply that is an exempt supply pursuant to section 1 of Part V.1 of Schedule V. 2. ... EXPLANATION [Fee Y] is consideration paid to the Charity for a supply to the employer/sponsor or the apprentice. ... As these rules do not apply, and the [cancellation fee] is not consideration for a supply, no GST/HST is applicable. ...

EXPLANATION [meal plan A], [meal plan B], and the [meal plan B] Section 13 of Part III of Schedule V exempts the following supply: A supply of a meal to a student enrolled at a university or public college where the meal is provided under a plan that is for a period of not less than one month and under which the student purchases from the supplier for a single consideration only the right to receive at a restaurant or cafeteria at the university or college not less than 10 meals weekly throughout the period. Therefore, meals provided to a student under a meal plan that meets all of the following conditions (herein after referred to as a “qualifying meal plan”) are exempt under section 13 of Part III of Schedule V to the ETA: * The meals are provided to a student enrolled at the university or public college who lives either on-campus or off-campus. * The student pays a single consideration for the plan. * The single consideration is sufficient for the student to receive at least 10 meals each week for the period of the plan. * The plan is for a period of at least one month. * The meals are served only at an on-campus restaurant or cafeteria (i.e., on the property of the university or public college). ...