Search - consideration

In the [yyyy] golf tournament event, the consideration provided by a sponsor at the different levels was as follows: a. ... Must [the Association] charge GST/HST on the money it receives as consideration for the supplies it makes to sponsors? ... Must [the Association] charge GST/HST on the money it receives as consideration for the supplies it makes to endorsers? ...

EXPLANATION Whether an additional contribution paid by an existing member of the Club is additional consideration for the supply of a “membership” as defined under subsection 123(1), or consideration for a security that is deemed to be a supply of a membership under section 140 is a question of fact. Where a membership in the Club is a taxable supply, as a GST/HST registrant, the Club would be required to account for the HST payable on such consideration. ... The [mm/yyyy] capital contribution paid by [Type X] members as well as any similar future payments made by existing [Type X] members is additional consideration for a supply of a membership as defined in subsection 123(1) that is taxable, or is consideration for a security that is deemed to be a supply of a membership under section 140 that is taxable; therefore the Club would be required to account for the HST payable on such amounts. ...

For GST/HST purposes, tax is payable to the supplier by the recipient of a taxable supply, calculated on the value of the consideration for the supply. ... Therefore, where an executor or a person with power of attorney is a person who does so in the course of carrying on a business, the consideration paid or payable for those services is subject to the GST/HST. ... The request made by the Estate may be taken into consideration in accordance with the normal administrative practice in such cases. ...

" It is our view, based on the guidelines in GST/HST Policy Statement P-077R2, Single and Multiple Supplies, that the tour operator is making a single supply of a tour package to the nonresident, and the charge in respect of the room upgrade is part of the consideration for that supply. Generally, pursuant to subsections 165(1) and (2), GST/HST is imposed on the value of the consideration for a supply, where "consideration", as defined in subsection 123(1), includes any amount that is payable for a supply by operation of law. ... Section 163 sets out the rules for determining the tax to be charged on the consideration for a tour package: rather than charging a single tax rate on the all-inclusive price, the overall consideration is allocated to portions, based on the elements in the tour package and their respective tax status when they are purchased separately. ...

According to the Termination Agreement: • In consideration of the Payment, [Company X] and [Company Y] are to execute the [...] ... Finally, the Termination Agreement sets out that in consideration of the payment, [Company Y] is to remit the originals of the Guarantees to [Company X] and to deliver the [Equipment stored in Province B] to [Company X]. 13. ... Where subsection 182(1) does not apply, generally a damage or penalty payment is not consideration for a supply, as it is compensatory or punitive in nature, and not given in exchange for a supply of property or services by another party. ...

The following highlights some of the specific requirements of [the specified criteria, rules, terms and conditions] which should be considered in [the financial institution]’s proposed method: The method should be meaningful: To be meaningful, the method should accurately reflect the extent to which the particular business inputs were acquired or consumed and used for the purpose of making taxable supplies for consideration and for purposes other than making taxable supplies for consideration. […][The specified criteria, rules, terms and conditions require] that a specified method for an excluded input or a direct attribution method for a direct input employ tracking to allocate an input if possible before using causal allocation, and use causal allocation where possible before using an input-based allocation or an output-based allocation. ... The method should only use appropriate cost pools: An ITC allocation method should not include inputs from more than one input category in the same cost pool (that is, its direct, non-attributable and excluded inputs can’t be in the same pool), as different inputs included in that pool may be used to different extents for making taxable supplies for consideration and otherwise. As explained in B-106 [effective July 2021, in GST/HST Memorandum 17- 12], according to [the specified criteria, rules, terms and conditions], all the inputs within a cost pool must be included in a single business input category and must be acquired to the same extent for the purpose of making taxable supplies for consideration or other purposes. ...

If the arrangement in writing was entered into before July 2010, the HST would not apply to consideration for the part of a funeral service that is performed on or after July 1, 2010. ... Generally, the premiums paid on an insurance policy would be consideration for an exempt financial service. ... However, the GST would still apply to the consideration for any of the goods and services provided under that arrangement (again, unless the arrangement is also grandfathered for GST). ...