Search - consideration

In both cases, GST is calculated on a value of consideration that includes the amount of the "trade-in allowance". ... The credit allowed does not change the amount of GST payable on the purchase of the new vehicle since it would be treated as consideration paid for the supply of the new vehicle. ... The dealer may collect this amount by increasing the price of the new vehicle and charging GST on that increased consideration. ...

Where tax is not payable on the supply deemed to have been made by the principal (i.e. the principal is a non-registrant), subparagraph 177(1.2)(d)(i) of the ETA establishes that the amount of the consideration for this deemed supply is equal to the total of the consideration and the tax payable by the recipient. ... It is the Department's position that in the circumstances indicated above where the supply by the auctioneer is made to an Indian for delivery to a reserve, the consideration for the deemed supply made by the principal to the auctioneer is equal to the consideration for the supply made by the auctioneer to the recipient. ... The auctioneer must remit to, or credit in favour of, the principal an amount on account of the supply equal to the amount, if any, by which the particular amount exceeds the consideration and the tax payable for the auctioneer's services relating to the supply of the property. ...

In the Agreements, the consideration for the granting of the Right is provided separately from the sale price of the Drugs. 6. ... The amount of consideration included as a "royalty" will be subject to tax). ... Section 138 Consideration The consideration for the supply of the Drugs and the consideration for the provision of the Right are calculated and charged separately under different paragraphs in the Agreements. ...

Could the credit notes be considered a reduction of consideration for the taxable supply between XXXXX and the applicant? ... XXXXX as a registrant, will charge GST on the value of the consideration for the supply of the extension. ... The credit notes represent a reduction of consideration paid for the original taxable supply. ...

Subsection 153(4) provides the rules in respect of calculating the value of the consideration for a supply of tangible personal property made by a supplier. ... The value of the consideration for the supply is deemed to be equal to the amount, if any, of the value of the consideration for that supply by the supplier that exceeds the amount credited to the customer for the value of the trade in. ... When all the conditions under subsection 153(4) are met, the value of the consideration for the supply of the new vehicle is reduced by $2,000 (the value of the leasehold interest therein). ...

Interpretation Requested What is the tax status of the supply of the surrender service where the consideration for the service is taken from the segregated fund? ... With respect to whom the service is supplied, the definition of recipient in subsection 123(1) of the Act states that the person who is liable to pay the consideration is the recipient of the supply of the property or service. In this case, it is the segregated fund that is liable to pay the consideration since the consideration for the surrender service is deducted from the segregated fund. ...

Should the XXXXX payment from XXXXX to XXXXX be regarded as consideration for a taxable supply? ... What matters is whether the payment is consideration for a taxable supply. 3. ... Therefore, the payment would not be consideration for supplies. However, because the payment would be an additional payment made by the recipient of the supply, it would be deemed to be consideration for a taxable supply under subsection 182(1). 3. ...

Subsection 123(1) defines "recipient", where consideration is payable for a supply under an agreement for the supply, to be the person who is liable to pay the consideration under the agreement for the supply. ... In order for the District to be a recipient of a subcontractor's supply, the District must be liable to pay consideration under the agreement for the supply by the particular subcontractor. ... As mentioned in Condition 4, we consider the management services performed by the Society to be consideration for the lease of the Facility made by the District. ...

XXXXX has a lease agreement with XXXXX for space it occupies in the XXXXX and pays consideration attributable to XXXXX % of that space. 4. XXXXX has charged and remitted GST on consideration attributable to XXXXX % of the space that XXXXX occupies in the building (i.e., XXXXX %, which is XXXXX ownership interest in the space occupied by XXXXX). 5. ... Based on the facts above, it is our opinion that XXXXX is required to collect and remit GST on consideration attributable to XXXXX % of the space XXXXX occupies in the building. ...

The tax is calculated on the value of the consideration for this supply which is the total amount charged by XXXXX to the insurance companies. That is, the value of the consideration includes the recovery of XXXXX expenses incurred to make this supply and its "set-up fee". ... Thus the "recovery" or "reimbursement" of XXXXX cost to make a taxable supply of a medical report constitutes part of the consideration for that supply. ...