Search - consideration

We have reviewed the letter XXXXX issued by the XXXXX GST/HST Rulings Centre on this matter and given careful consideration to your correspondence. ...

. […] […][The Governing Board] shall: Have responsibility over the affairs of the Society; Be responsible that an international congress will be held every […][(frequency)]; Delegate to an appropriate committee the organization of the international, […] congress; […]; Submit a budget (prepared by the Treasurer and [the Governing Board]) for consideration and action by the Society at the General Assembly;[…]; In the event of a vacancy in any office, fill the vacancy […][in a specified manner]; Perform such other duties as may be prescribed by the membership and this constitution. […] […] The Executive [of the Governing Board] shall be composed of the officers (President, Vice-President, Secretary and Treasurer). ...

Taxable supplies are supplies made in the course of a commercial activity and may be taxable at the rate of 0% (zero-rated supplies), 5%, 13%, or 15% on the value of the consideration for the supply depending on the province in which the supply is made. ...

The payment is not consideration for a taxable supply. It is compensatory in nature, intended to restore the Crown to the position it was in prior to the loss or damage occurring. ...

If there are taxable supplies made by your business and consideration for them exceeds $30,000 in a particular year, you will be required to register for GST purposes and file a GST return on a regular basis. ...

Explanation Subsection 165(1) of the ETA provides that, "Subject to this Part, every recipient of a taxable supply made in Canada shall pay... tax in respect of the supply calculated at the rate of 7% on the value of the consideration for the supply. ...

Where consideration (i.e. revenue) for taxable supplies exceeds $30,000 in a year, you will be required to register for GST and file a GST return on a regular basis. ...

In the memorandum, XXXXX indicated that the contracts between the province and XXXXX were standard contracts similar to ones he had reviewed between the XXXXX and for which it had been determined that the payments made under the contracts were not consideration for a supply. 4. ...

The contribution referred to in the Schedule to the Agreement is consideration for this supply. ...

These goods and services are assembled into packages, each of which are supplied for a single consideration: a) The XXXXX XXXXX[.] b) The XXXXX: This supply is comprised of start up equipment necessary for a hospital to begin the XXXXX program. ...