Search - consideration

Pursuant to section 154 a prescribed provincial levy is not included in the consideration for a supply of property or a service, and therefore is not subject to GST/HST. ... By virtue of paragraph 154(2)(b), a prescribed provincial levy payable by the recipient would not be included in the consideration for the supply of property or a service. ... The proposed tax would not be a prescribed provincial levy and would be included in the consideration for a supply of property or a service in determining the value upon which GST applies and is calculated. 2. ...

Explanation Subsection 3(1) of the Budget Implementation Act, 2006 (BIA), amends subsection 165(1) of the ETA to reduce the rate of GST imposed on the value of the consideration for taxable supplies made in Canada from 7% to 6%. ... The general timing of liability rule under subsection 168(1) of the ETA, provides 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 becomes due. However, as you are aware, subsection 168(7) of the ETA provides that: Notwithstanding subsections (1), (2), (3), (5) and (6), where the recipient of a taxable supply retains, pursuant to (a) an Act of Parliament or of the legislature of a province, or (b) an agreement in writing for the construction, renovation or alteration of, or repair to any real property or any ship or other marine vessel, a part of the consideration for the supply pending full and satisfactory performance of the supply, or any part thereof, tax under this Division, calculated on the value of that part of the consideration, is payable on the earlier of the day that part is paid and the day it becomes payable. ...

To qualify under these criteria, the payment being made by XXXXX to the dealer would have to be viewed as a reduction of the original consideration paid by the dealer to XXXXX to purchase the vehicle. ... It must now be determined whether the payment, which is now, not a deferred price adjustment, is consideration for a supply. ... In both cases, the payment is consideration for a supply. Schedule V of the Act does not contain a provision to describe the supply as an exempt supply, therefore tax will apply to the transaction. ...

Are payments received by an NPO from XXXXX consideration for the supply of volunteers, a grant, or consideration for the supply of the right to participate in a game of chance? ... Conclusion: Bingo revenues received by an NPO from XXXXX are not consideration for a supply but are instead "grants" in accordance with XXXXX[.] ... As the amount provided to the NPOs is not consideration for a supply, the amount qualifies as government funding. ...

Interpretation Requested You requested our comments as to whether the lease of the exercise equipment qualifies as capital property for GST purposes and, if so, whether the XXXXX is eligible to claim an ITC in respect of the total value of consideration for the property (versus claiming an ITC on each individual lease payment). ... Subsection 152(2) of the Act states that where property is supplied by way of lease, licence or similar arrangement under an agreement in writing, the consideration, or any part thereof, for the supply shall be deemed to become due on the day the recipient is required to pay the consideration or part to the supplier pursuant to the agreement. Subsection 168(2) of the Act states that where consideration for a taxable supply is paid or becomes due on more than one day, the tax in respect of the supply is payable on each day that is the earlier of the day a part of the consideration is paid and the day that part becomes due and the tax that is payable on each such day shall be calculated on the value of the part of the consideration that is paid or becomes due, as the case may be, on that day. ...

As each member is required to sign an insertion contract for the advertising project, each member is liable to the contractor for their portion of the consideration as set out in the insertion contract. ... As a result, the GST payable by XXXXX is restricted to the amount of the consideration that XXXXX is liable to pay. Similarly, the GST payable by the members is restricted by the consideration the members are liable to pay. ...

Proposed subsection 153(4) of the ETA provides rules in respect of calculating the value of the consideration for a supply of tangible personal property made by a supplier. This is done by reducing the value of the consideration for such a supply in circumstances where all the other conditions of that subsection have been met and where the exceptions listed in subsection 153(5) of the ETA do not apply. The amount of the reduction is equal to the value of the consideration for the trade-in. ...

According to the funding proposal submitted to the XXXXX in consideration of the funding, XXXXX is to coordinate the XXXXX will focus on improving characteristics at the XXXXX[.] ... In general, this policy indicates that transfer payments made in the public interest or for charitable purposes will not be regarded as consideration for a supply and, therefore, will not be subject to the GST/HST. ... A non-profit organization (and its associates) does not have to register for GST/HST purposes if its total consideration for taxable supplies other than sales of capital property in the preceding year (or in a particular calendar quarter) does not exceed $50,000. ...

The XXXXX is not required to collect GST on the consideration payable by the Province for that supply, since the provinces have constitutional immunity from paying the tax. ... Pursuant to subsection 152(3) of the ETA, where consideration that is not money (e.g. the credit) is given, that consideration is deemed to be paid. Accordingly, since the credit was received prior to 1997, the above-noted exemption (which applies only when consideration is paid after 1996) does not apply. ...

The "recipient" of a supply is defined in subsection 123(1), in part, as the "person who is liable under the agreement to pay (the) consideration..."" Since the Association has agreed to pay consideration for this service, in the form of reimbursing the Corporation's expenses, the Association, pursuant to subsection 165(1), is subject to tax on such consideration as the "recipient. ... These reimbursements represent consideration for the rental of horse stalls. ...