Search - consideration

The management fee paid to XXXXX pursuant to XXXXX of the JV Agreement is consideration for a taxable supply and absent a valid election, XXXXX would be required to collect and remit tax from each participant, while each participant, if registered, could claim an input tax credit to recover the tax. ...

Conversely, if the supply of the non-resident's products were made in Canada and did not qualify for zero-rating under Part V of Schedule VI, the Canadian commissioned sales representative would be required to charge the GST/HST on the consideration payable by the non-resident person for their services. ...

He requested that XXXXX refund an amount of GST to the vendors, calculated based on the proportion of consideration paid on the sale which related to the shares (XXXXX). ...

Input tax credits Generally, a GST/HST registrant is eligible to claim input tax credits (ITCs) to recover the GST/HST it pays to the extent that its purchases and expenses are inputs into making taxable supplies for consideration. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (15% in Nova Scotia, 13% in Ontario, New Brunswick, Newfoundland and Labrador, and 12% in British Columbia) unless the supply is zero-rated. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (13% in the participating provinces of Nova Scotia, New Brunswick, and Newfoundland and Labrador) unless the supply is zero-rated. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (13% in the participating provinces of Nova Scotia, New Brunswick, and Newfoundland and Labrador) unless the supply is zero-rated, pursuant to subsection 165(3). ...

Specifically, these paragraphs do not apply where, under a written agreement: • all of the consideration for the supply became due or was paid on or before December 14, 2009; • the supplier did not, on or before December 14, 2009, charge, collect or remit any amount as or on account of tax under Part IX in respect of the supply; and • the supplier did not, on or before December 14, 2009, charge, collect or remit any amount as or on account of tax under Part IX in respect of any other supply that is made under the agreement and that includes the provision of a service referred to in any of paragraphs (q), (q.1) and (r.3) to (r.5) of the definition of financial service in subsection 123(1). ...

Explanation The general rule in section 165 is that every recipient of a taxable supply made in Canada shall pay tax at the rate of 5%, 12%, 13%, or 15% (depending on the place of supply) on the value of the consideration for the supply unless the supply is zero-rated and taxed at the rate of 0%. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated on the value of the consideration for the supply at the rate of 15% in Nova Scotia, 13% in New Brunswick, Newfoundland and Labrador and Ontario, and 12% in British Columbia (the HST rates in the participating provinces). ...