Search - consideration

. •   The Charity paid the Supplier $XXXXX (the amount originally agreed upon as consideration for the Prize). ... Ruling Given Based on the facts set out above, we rule that the Charity's payment to the Supplier is consideration for the supply of the Prize and the Charity is required to pay HST on that consideration. ... As a result, the Charity's payment to the Supplier is consideration for the supply of the Prize even though the prizewinner arranged with the Supplier to receive cash instead of the Prize. ...

XXXXX is acquired for consideration by the XXXXX, a registered charity. Ruling Requested Is the consideration for a supply by sale of XXXXX zero-rated for the purposes of the GST/HST under paragraph 2(a) of Part I of Schedule VI to the Excise Tax Act (the "ETA")? ... As no other zero-rating provision applies, the supply of XXXXX for consideration is taxable for GST/HST purposes at the rate of 7%, or where the supply occurs in a participating province, 15%. ...

Required provincial legislation has been introduced but is still under consideration by the Legislative Assembly of British Columbia. ... As the recipient of the supply, each chiropractor is required to pay the GST on the value of the consideration for the supply pursuant to subsection 165(1). ... It provide examples of situations where the facts respecting a medical practice organization demonstrate that a supply exists and consideration is payable for that supply. ...

The preamble of subsection 232(2) contains the criteria that must be met in order to apply the provision and reads as follows: Where a particular person has charged to, or collected from, another person tax under Division II calculated on the consideration or a part thereof for a supply and, for any reason, the consideration or part is subsequently reduced… Paragraph 6 of GST/HST Memorandum 12.2, Refund, Adjustment, or Credit of the GST/HST under Section 232 of the Excise Tax Act states that a reduction in consideration may occur under various circumstances, including “where goods are returned to the supplier for a full or partial refund of the consideration.” ... To be considered a reduction of consideration, it must be evident that the goods are being returned to the supplier rather than being sold to the supplier.” ... In our view, it would be difficult to view the transaction as a “reduction in consideration” contemplated by subsection 232(2), since the amount of the consideration would effectively be reduced by an amount that is greater than that consideration. ...

A copy of the purchase agreement between [Company A] and […][Company B] for the supply of an ownership interest in [product 1] was submitted for our consideration. ... A copy of the lease agreement between [Company A] and a lessee ([…]) was submitted for our consideration. ... This is not an agreement for the supply of […] services, notwithstanding that [Company A] bases a part of the consideration for the supply on […]. ...

EXPLANATION Section 165 of the ETA imposes GST/HST on taxable supplies made in Canada, calculated at the applicable rate, on the value of the consideration paid or payable for the supply, except where the supply is a zero-rated supply. Subsection 123(1) of the ETA defines “consideration” to include “any amount that is payable for a supply by operation of law.” ... As the supply of natural gas made by a gas distributor in Alberta to its customers in Alberta is a taxable supply, the consideration payable for this supply (which includes the carbon levy) is subject to the GST. ...

As well, the Host Rewards have to be consideration for a supply of a service, made by the sales representative, of arranging for the sale of a select product or a sales aid of the person to be a “network commission.” As defined in subsection 123(1), “consideration” includes any amount that is payable for a supply by operation of law, while a “service” means anything other than property, money, and anything that is supplied to an employer by a person who is or agrees to become an employee of the employer in the course of or in relation to the office or employment of that person. ... Therefore, hosting a party as described in the facts set out above would be considered part of the Representative’s single supply of a service of arranging for the sale of select products of the Company, and all amounts provided as consideration, including the select products provided as Host Rewards, are “network commissions.” ...

The Corporation must charge GST/HST on the value of the consideration for the supply. 3. ... For GST/HST purposes a recipient includes “where consideration for the supply is payable under an agreement for the supply, the person who is liable under the agreement to pay that consideration”. ... Based on the information provided, the Corporation is supplying a “program management service” to [Member #1] for consideration. ...

Your client received consideration from the neighbouring farmer for the lease of the Property, which you stated was to protect against a potential claim of adverse possession. ... There was no written lease agreement in place. o From [yyyy] to [yyyy], the rental arrangement continued with the same farmer and for the same annual consideration of $[….]. The parties entered into a written lease agreement. o From [yyyy] to [mm/yyyy], the rental arrangement continued with the same farmer but for an annual consideration of $[…]. ...