Search - consideration

Instead the amount payable on the supply of the boomgear to the supplier is to be treated as consideration for the supply and tax calculated on the amount is payable at the time the consideration is payable. ... In the absence of other information we have assumed that the amount is not a deposit but, rather, is consideration for the supply of the boomgear. ...

Pursuant to paragraph 17(d), the right to receive or acquire property or services supplied to the member for consideration that is not part of the consideration for the membership and that is equal to the fair market value of the property or services at the time the supply is made is an acceptable benefit. ... The second condition is met if the premiums paid by the members are the actual premiums established by the insurer and the members receive the service for consideration equal to its fair market value (taking any subsequent refunds of premiums into account). ...

If yes, what is the value of the consideration? 2. Is there a supply of a life interest in the farm from the son to the farmer, for GST purposes? If yes, what is the value of the consideration? GST Treatment 1. Supply of remainder interest Paragraph 123(1)(a) of the Excise Tax Act ("the Act") states that "real property" includes "every estate or interest in real property, whether legal or equitable". ... Under section 155 of the Act, the value of the consideration for such a non-arm's length transaction is deemed to be the fair market value of the remainder interest in the farm. 2. ...

In your view, "the fact that the administrator provides these services for nil consideration does not mean that such services are not in the course of the administrator's commercial activities". ... In the alternative, a portion of the contribution paid by the employers can be viewed as consideration for the supply of the Employer Expenses made by the administrator; and the employers would be allowed to claim ITC's based on their prorated shares of the Employer Expenses. ... In a MEPP, if the plan administrator does not acquire the "Employer Expenses" for use in providing a taxable supply of the administrative services to another person or does not charge a consideration for the supply, the administrator cannot be said to have acquired those Employer Expenses for use "in the course of its commercial activities". ...

In other words, a royalty is not a right, but is consideration for a supply. ... In consideration of this supply, XXXXX pays to XXXXX a royalty, based on quarterly sales of pressure vessels. ... XXXXX stated that the royalty payment received by XXXXX, in consideration of the supply of a right to XXXXX to use the patent of the pressure vessels and the consulting services supplied by XXXXX were subject to the GST. ...

Response Based on the information provided, an automobile dealer, who operated under the previous rules contained under paragraph 176(1)(a) of the Excise Tax Act (ETA) during the transitional relief period, is entitled to claim an NITC if all of the following conditions are met: 1. the sale of the new vehicle to the Indian and the purchase of the used vehicle are both done pursuant to a written agreement entered into before July 1, 1996; 2. the used vehicle is accepted as full or partial consideration for the supply of the new vehicle to the Indian; 3. the automobile dealer charged or collected GST calculated on the full price of the new vehicle sold to the Indian; 4. the Indian is not required to charge tax on the supply of the used vehicle to the automobile dealer; and 5. the automobile dealer is acquiring the used vehicle from an Indian for the purpose of consumption, use or supply in the course of commercial activities of the automobile dealer. With respect to point number three, where an automobile dealer makes a taxable supply of a new vehicle to an Indian, the automobile dealer is considered to have charged (but not collected) GST on the consideration for the vehicle sold to the Indian for the purposes of the ETA. ... Response Based on the information provided, irrespective of whether or not the person supplying the used vehicle to the automobile dealer is an Indian, an automobile dealer who operated under the previous rules contained under paragraph 176(1)(a) of the ETA during the transitional relief period is entitled to claim an NITC equal to 7/107 of the consideration for the supply of the used vehicle, provided that the automobile dealer is acquiring the used vehicle from the Indian for the purpose of consumption, use or supply in the course of commercial activities of the automobile dealer. ...

Interpretation Given Based on XXXXX of the Act, no tax is payable in respect of the consideration for a supply of a service of a personal representative or trustee to the extent that the consideration relates to any part of the service that was performed before 1991 and does not become due until either (a) approved by all beneficiaries of the estate (b) in accordance with the terms of the trust binding the personal representative, or (c) as approved by the Court. ... The onus is on you to prorate the consideration for the services on a reasonable basis in order to account for the tax accurately. ...

In the submitted example, the marina operator is supplying counseling services to the purchaser for consideration corresponding to XXXXX of the sale price. ... The consideration for the service corresponds to XXXXX of the purchase price in the typical case examined. The recipient of the service is the purchaser, who assumes the liability to pay the consideration. ...

You requested an interpretation as to whether GST/HST is payable under subsection 165(1) of the Excise Tax Act (ETA) in respect of damage payments made by a law firm to its client, or whether such payments are deemed to be consideration for taxable supplies under subsection 182(1) of the ETA. ... Subsection 182(1) applies only where, because of a breach, modification or termination of an agreement, the recipient pays an amount to the supplier in addition to the consideration. 2. Subsection 165(1) does not apply to the situation, because the damage payments are not consideration for a supply. ...

Interpretation Given In order for the reimbursement of the costs to have been subject to the GST, the reimbursement must have been consideration for the supply of property or a service. ... If there was no supply, the reimbursement would not have been regarded as consideration for a supply and, as a result, there would not have been any tax implications. ... If this was the case, the reimbursement would have been regarded as consideration for the supply of a service (i.e., a service of administering the share buyback program). ...