Search - consideration

Explanation Generally, every recipient of a taxable supply made in Canada shall pay to Her Majesty in right of Canada tax in respect of the supply calculated at the GST rate of 7% or HST rate of 15%, as applicable, on the value of the consideration for the supply. ...

Of the total of XXXXX Residential Units, XXXXX are to be assigned for consideration of less than $450,000. ... The Purchaser will be required to pay GST on the full consideration payable by the Purchaser for the sale of the Residential Unit under the Agreement of Purchase and Sale. ... The Land-owner's payment XXXXX to the Developer is consideration for part of materials cost of the exterior upgrade. ...

EXPLANATION Generally, in accordance with section 165, every recipient of a taxable supply made in Canada is required to pay GST/HST on the value of the consideration for the supply, unless the supply is zero-rated (listed in Schedule VI to the ETA and subject to the GST/HST at the rate of 0%). ... Although, we consider placement of a product in store aisles as a relevant consideration, this factor alone is not considered a determinative factor. ...

We further rule that the dealer reserve fee received by the Dealer from the Lender for the assignment of rights under the Credit Agreement forms part of the consideration received for the assignment of the Credit Agreement, and therefore is not subject to GST/HST as the assignment is an exempt supply. ... The dealer reserve fee received by the Dealer from the Lender for the assignment of the Credit Agreement forms part of the consideration received for the assignment of the Credit Agreement, and is therefore not subject to GST/HST as the assignment of the Credit Agreement is exempt from GST/HST. ...

EXPLANATION Generally, in accordance with section 165, every recipient of a taxable supply made in Canada is required to pay GST/HST on the value of the consideration for the supply, unless the supply is zero-rated (listed in Schedule VI to the ETA and subject to the GST/HST at the rate of 0%) or exempt (listed in Schedule V to the ETA and not subject to the GST/HST). ... Although we consider placement of a product in a store as a relevant consideration, it alone is not considered a determinative factor. ...

ManagementCo and PartnerCo have completed Form GST 25, Closely Related Corporations and Canadian Partnerships- Election or Revocation of the Election to Treat Certain Taxable Supplies as having been made for Nil Consideration. 18. [...] 19. [...] ... PartnerCo and ManagementCo are not eligible to make a joint election under section 156 Subsection 156(2) provides that a "specified member" of a "qualifying group" may jointly elect with another specified member of the group to have every taxable supply made between them at a time when the election is in effect to be deemed to have been made for no consideration. ...

Paragraph 6(b) of Part I of Schedule V exempts a supply of a residential unit by way of lease, licence or similar arrangement for the purpose of its occupancy as a place of residence or lodging by an individual, where the consideration for the supply does not exceed $20 for each day of occupancy. In this case, the Charity makes a supply of a residential unit by way of lease, licence or similar arrangement for the purpose of its occupancy as a place of residence by an individual for consideration equal to $9 for each day of occupancy. ...

In any case, the important point for our consideration is that they were not employees or agents of XXXXX. ... Whether a particular non-resident person is carrying on business in Canada is a question requiring consideration of all relevant facts. ...

Rulings Given Based on the facts set out above, we rule as follows: 1) The Association is entitled to claim an ITC for the portion of the Settlement that is the GST deemed paid, pursuant to section 182, in respect of the deemed consideration paid under the Hotel Settlement, provided that all of the legislative requirements for claiming an ITC are met. 2) The Association is not entitled to claim an ITC, nor is it entitled to a rebate under Part IX of the ETA, for any tax deemed paid pursuant to section 182 on the deemed consideration paid for the Centre Settlement. ...