Search - consideration

Subsection 123(1) of the ETA, defines "consideration" as including any amount that is payable for a supply by operation of law. Paragraph 153(1)(a) of the ETA further provides that where the consideration for a supply is expressed in money, the value of that consideration is equal to the amount of that money. ... Specifically, it removes any doubt that such amounts that clearly would be consideration for a supply if there were a contract, are treated as consideration for GST/HST purposes. ...

Where the tenant is paying cash as consideration for the supply, there is only one supply, that being the supply of real property from the landlord to the tenant. ... The landlord must account for GST on the gross amount of the lease (i.e. the total of the monetary consideration as well as any non-monetary consideration that may have been paid) since the real property has been supplied every month during the term of the lease and the tenant has given monetary and/or non-monetary consideration, for the monthly taxable supply. ... The rules of paragraph 153(1)(b) will apply to determine that the value of the non-monetary consideration given, is the fair market value of that consideration. ...

Pursuant to subsection 153(1) of the ETA, the value of consideration for a supply is deemed to be equal to: (a) where the consideration or that part is expressed in money, the amount of the money; and (b) where the consideration or that part is other than money, the fair market value of the consideration or that part at the time the supply was made. ... Therefore, the dealer charges the GST to the Program on the consideration it receives from the Program. ... As previously stated, pursuant to subsection 153(1) of the ETA, the value of consideration for a supply is deemed to be equal to: (a) where the consideration or that part is expressed in money, the amount of the money; and (b) where the consideration or that part is other than money, the fair market value of the consideration or that part at the time the supply was made. ...

The concept underlying ITC allocation methods is that a method or methods used must link a particular property or service to its use for the purpose of making taxable supplies for consideration and for purposes other than making taxable supplies for consideration. ... If [an Organization] has an overall purpose that is not the making of taxable supplies for consideration (e.g., related to the provision of exempt supplies) it is unlikely that [...]% of the entity's inputs are for use in making taxable supplies for consideration [...]. ... If an input is for use in making taxable supplies for consideration and for use in some other purpose, the [Organization] will generally be eligible for ITCs only to the extent that the inputs are for use in making taxable supplies for consideration. [...] ...

Amounts representing the hauling fee were included in the consideration for supply. ... The XXXXX and XXXXX are not excluded from consideration under the Taxes, Duties and Fees (GST) Regulation and they therefore form part of the consideration for the supply of the fuel in question. ... As such it forms part of the consideration on which the GST/HST is to be calculated. ...

Generally the value of consideration for a supply is expressed in money. Section 153 provides that the value of consideration, or any part thereof, for a supply shall be deemed to be the amount expressed in money or where the consideration is other than money, the fair market value of the consideration. Pursuant to subsection 123(1), consideration includes any amount that is payable for a supply by operation of law. ...

The supplier collects the 13% HST on the consideration payable for the sale of the granola bar. 2. ... If the granola bar is sold for consideration separate from the consideration for the cup of coffee, only the qualifying beverages (water and coffee) qualify for the rebate. ... The supplier collects the 5% federal portion of the HST on the total consideration payable for the sale of the milk and the sandwich, whether or not they are sold for a single consideration. ...

Consequently, a refund or credit to the Project Co, as provided for under the Guarantee would be regarded as a subsequent reduction in consideration pursuant to subsection 232(2). Subsection 232(2) states that [w]here 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, the particular person may, in or within four years after the end of the reporting period of the particular person in which the consideration was so reduced, (a) where tax calculated on the consideration or part was charged but not collected, adjust the amount of tax charged by subtracting the portion of the tax that was calculated on the amount by which the consideration or part was so reduced; and (b) where the tax calculated on the consideration or part was collected, refund or credit to that other person the portion of the tax that was calculated on the amount by which the consideration or part was so reduced. ... As such, it is at the discretion of the Joint Venture (the particular person) whether to refund the GST on the reduction in consideration. ...