Search - consideration

Under section 139 if there is a single consideration for the supply of a financial service and another service the consideration for which would be less than 50% of the value of the financial service, then the entire supply is deemed to be a supply of a financial service. ... XXXXX Review and Analysis XXXXX However, to fall within the ambit of section 139 or 138 of the Act, the sale XXXXX and the accompanying servicing function must be for a single consideration in order to qualify for the same tax status i.e. exempt. XXXXX In conclusion, there is a separate consideration for the servicing XXXXX precluding the application of sections 138 or 139. ...

In that situation the depot pays consideration for acquiring empty containers that is more than the total of consideration and tax that the depot charges for supplying empty containers. ... In that situation the depot charges consideration for supplying empty containers that is less than the consideration that the depot pays for acquiring empty containers. ... Since $2,100 represents 7/107 of the consideration for the acquisition, the consideration for the acquisition is equal to $2,100 x 107/7i7, i.e., $32,100. ...

When [the Company] supplies a new part, a core charge is added to the consideration payable for the new part. The non-registrant consumer pays GST/HST on the consideration payable for the part including the core charge. 4. ... Given that the amount is consideration for the supply of the used part, it is the CRA’s position that the amount is not an adjustment or reduction of the consideration for the supply of the new part made by [the Company]. ...

The general timing of liability rule, under subsection 168(1) of the Excise Tax Act (ETA), is that tax is payable by the recipient of a taxable supply on the earlier of the day the consideration for the supply is paid and the day that consideration for the supply becomes due. ... Under subsection 152(1) of the ETA, consideration, or a part thereof, for a taxable supply, is deemed to become due on the earliest of the following days: •   the day the supplier first issues an invoice in respect of the supply for that consideration or part; •   the date of that invoice; •   the day the supplier would have, but for an undue delay, issued an invoice in respect of the supply for that consideration or part; and •   the day the recipient is required to pay that consideration or part to the supplier pursuant to an agreement in writing. ... The issuance of an invoice in these situations will not cause consideration to become due. ...