Search - consideration

15 January 2003 GST/HST Interpretation 42670- Transfer of Real Property in Lieu of Dedicated Land Unedited CRA Tags ETA 123(1) sale; ETA 123(1) consideration XXXXX January 15, 2003      Daryl J.A. ... In effect, the value of the subject property in excess of XXXXX would be considered for GST/HST purposes to have been transferred to the municipality for nil consideration. ... In this case, GST would apply only to the monetary consideration of XXXXX, as stated above. ...

Generally, the transitional rule for prepaid funeral arrangements is that if at least part of the consideration has been paid, then any consideration that becomes payable to the funeral home for the original funeral services supplied under the arrangement (i.e., generally, when the amounts are distributed from the trust at the time of need) will not be subject to the provincial part of the HST. ... In both cases, the amount of HST payable will be based on the full HST rate that applies on the earlier of the date when the consideration becomes due, or is paid without having become due. ... The amount of HST payable will be based on the HST rate that applies on the earlier of the date when the consideration becomes due, or is paid without having become due. ...

For GST/HST purposes, "consideration" includes any amount that is payable for a supply by operation of law. ... According to section 153, the value of consideration, or any part of the consideration, for a supply is considered 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. ... Host A is making a supply of a host service for consideration, the value of which is equal to the fair market value of the host gift. ...

The amount paid by the XXXXX is consideration for a supply of an investigation service. ... In order to be consideration, the amount must be payable for a supply. The investigation costs are consideration for a supply. Should you have any questions, please call me at (613) 952-0419. ...

XXXXX stated that a damage payment would not be subject to GST because it is not consideration for a supply. ... When a carrier or its insurance company reimburses XXXXX for damages to the property of a customer of XXXXX the payment is not consideration for a supply. The fact that the payment is consideration for a loss suffered by a third party does not change the fact that the payment is not consideration for a supply, as XXXXX is not providing anything in exchange for the damage payment. ...

That is, the consideration for the ice time is reduced by the amount of the grant. ... Interpretation Requested Is the amount by which the consideration for the ice rental is reduced considered "government funding" for purposes of the Regulations? ... In essence, the consideration payable by the association for the ice rental is reduced by the amount of the "grant. ...

When calculating the taxes on the value of the consideration, the PST charged by you, if you are required to charge PST under provincial law, would not be included in the value of the consideration for the supply. Therefore, PST and GST are each calculated separately based on the value of the consideration of the supply on accordance. ... The invoice total would be equal to the value of consideration ($107) plus GST ($107 x 7%) plus PST ($107 x PST rate). ...

Barter units are accepted by XXXXX as partial consideration, to a maximum of XXXXX%, of the consideration for the supply of media time sold by XXXXX or goods and services from other parties. ... In the case at hand, XXXXX limits the total percentage of the consideration that can be paid with trade credits to XXXXX% of the consideration for supplies of advertising services from XXXXX. ... (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. ...