Search - consideration

The construction costs, excluding taxes, plus the management fee determines the consideration value for the building. ... The amount of consideration payable arising from this supply by way of sale of the complex would be considered the "total consideration" as defined in paragraph 254(2)(c) of the Act. ... Any amounts of consideration that became payable in respect of the construction of the house after the supply by way of sale occurred would not be considered to form part of the "total consideration" of the complex and, hence, could not be taken into account when calculating the amount of the GST rebate. ...

A "recipient" of a supply of a property or service for purposes of the GST/HST is defined in subsection 123(1) of the ETA to mean: (a) where the consideration for a supply is payable under an agreement, the person who is liable under the agreement to pay that consideration, and (b) where paragraph (a) does not apply and consideration is payable for the supply, the person who is liable to pay that consideration. ... This would lead us to conclude that XXXXX was the party liable to pay the consideration for the expenditures associated with the project. ... However, the charity can claim a rebate for the tax applicable to the $80,000 consideration it paid to the telemarketing company for the telemarketing service. ...

The scenarios described in your letter seem to rely only on the date of the lease contract in determining the value of the consideration for the purpose of calculating GST/HST. ... Also, the payment that is attributable to the lease interval is deemed to be consideration payable in respect of the supply for the property for the lease interval. Subsection 153(4) provides that where a supplier accepts in full or partial consideration for the supply of tangible personal property, other property that is used tangible personal property or a leasehold interest therein, and the recipient is not required to collect tax in respect of the supply of the trade-in, the value of the consideration for the supply made by the supplier is deemed to be equal to the amount, if any, by which the value of the consideration for that supply exceeds the amount credited to the recipient in respect of the trade-in. ...

B agreed to pay to A the sum of $XXXXX in consideration of the assignment. ... What is the consideration for the supply of the condominium (from the Vendor to B) on which the GST would be calculated? ... The consideration, on which the GST would be calculated, for the supply of the Condominium from the Vendor to B is $XXXXX. 2. ...

For GST/HST purposes, the consideration for the supply of the campsite becomes due on the day the camper is required to pay the consideration under the agreement. ... Therefore, the consideration for the supply of the campsite becomes due on that date. ... We note in the situation you describe that part of the consideration is paid before May 1, 2010. ...

The goods and services provided to the XXXXX as consideration for the sponsorship at the XXXXX level, inclusive, is deemed not to be a supply for GST purposes. 3. ... " There are no requirements in section 135 of the ETA that the consideration provided by the sponsor be in cash. ... The determination of whether consideration is primarily for a service of advertising by radio or television etc. is a question of fact. ...

The Company charges GST on the consideration for the Beverage and on the CRF, but not on the refundable deposit. ... The consideration for the supply of the beverage is deemed to be equal to the consideration for the supply as otherwise determined less the returnable container charge. ... Subsection 226(2) further deems that the CRF will be consideration for a taxable supply of a service in respect of the returnable container. ...

Thus there is a legislative basis to exclude from the fair market value or consideration of a supply of real property, any HST imposed under Part IX in respect of that particular supply. ... Therefore, when arriving at fair market value, section 154 does not provide a legislative basis to discount the consideration of an exempt supply in an attempt to remove an amount imbedded in the consideration of that supply. For example, where the consideration of a taxable supply of a residential complex is used as a comparable in a valuation methodology, the HST imposed on that supply, even where the supply was "HST included", is excluded from the consideration. ...

You provided us with a sample invoice issued by an architect to the Town showing consideration in the amount of $1,815.58 plus GST of $127.09, as well as the subsequent invoice issued by the Town to a developer showing consideration in the amount of $1,942.67. ... As long as the consideration for the supply is equal to or greater than this amount, the supply will be taxable. ... The consideration of $1,942.67 charged by the Town is equal to the direct cost of the supply as described in paragraph (a) above. ...

Where, at the time of sale, the consideration for each item within the package is separately identified, tax is to be calculated based on the nature of the items and the value of the consideration. ... Difficulty arises when multiple supplies are sold together for a single consideration. Generally, each taxable supply will have tax calculated based on the consideration attributable to the supply. ...