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Results 24811 - 24820 of 29078 for consideration
Old website (cra-arc.gc.ca)
Application of Section 141.02 to Financial Institutions That Are Not Qualifying Institutions
., 12% for banks, 10% for insurers and 15% for securities dealers) to determine the extent to which each of its residual inputs is acquired, imported or brought into a participating province, or consumed or used, for purposes of making taxable supplies for consideration. ... As well, if the election is in effect, the following rules apply in respect of each residual input of the person: the extent to which the consumption or use of the residual input is for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the consumption or use of the residual input is for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage (that difference being 88% for banks, 90% for insurers and 85% for securities dealers); the extent to which the residual input is acquired, imported or brought into a participating province by the person for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the residual input is acquired, imported or brought into a participating province by the person for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage; and for the purpose of determining an ITC in respect of the residual input, the description of B in the formula in subsection 169(1) is deemed to be equal to the particular prescribed percentage. ... As a result, the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for the purpose of making taxable supplies for consideration is deemed to be 15% and the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for purposes other than making taxable supplies for consideration is deemed to be 85%. ...
Current CRA website
GST/HST Memoranda Series
This total does not include consideration attributable to goodwill, supplies of financial services or supplies by way of sale of capital property of the person or associate. ... Information on the timing of liability for consideration will be available in Chapter 3, Tax on Supplies Public service bodies Form GST 31 s 129 13. ... The consideration for inter-branch or inter-divisional supplies should not be included in the small supplier threshold calculation because such transactions are deemed not to be supplies. ...
Scraped CRA Website
Application of Section 141.02 to Financial Institutions That Are Not Qualifying Institutions
., 12% for banks, 10% for insurers and 15% for securities dealers) to determine the extent to which each of its residual inputs is acquired, imported or brought into a participating province, or consumed or used, for purposes of making taxable supplies for consideration. ... As well, if the election is in effect, the following rules apply in respect of each residual input of the person: the extent to which the consumption or use of the residual input is for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the consumption or use of the residual input is for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage (that difference being 88% for banks, 90% for insurers and 85% for securities dealers); the extent to which the residual input is acquired, imported or brought into a participating province by the person for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the residual input is acquired, imported or brought into a participating province by the person for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage; and for the purpose of determining an ITC in respect of the residual input, the description of B in the formula in subsection 169(1) is deemed to be equal to the particular prescribed percentage. ... As a result, the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for the purpose of making taxable supplies for consideration is deemed to be 15% and the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for purposes other than making taxable supplies for consideration is deemed to be 85%. ...
Current CRA website
Application of Section 141.02 to Financial Institutions That Are Not Qualifying Institutions
., 12% for banks, 10% for insurers and 15% for securities dealers) to determine the extent to which each of its residual inputs is acquired, imported or brought into a participating province, or consumed or used, for purposes of making taxable supplies for consideration. ... As well, if the election is in effect, the following rules apply in respect of each residual input of the person: the extent to which the consumption or use of the residual input is for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the consumption or use of the residual input is for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage (that difference being 88% for banks, 90% for insurers and 85% for securities dealers); the extent to which the residual input is acquired, imported or brought into a participating province by the person for the purpose of making taxable supplies for consideration is deemed to be equal to the particular prescribed percentage; the extent to which the residual input is acquired, imported or brought into a participating province by the person for purposes other than making taxable supplies for consideration is deemed to be equal to the difference between 100% and the particular prescribed percentage; and for the purpose of determining an ITC in respect of the residual input, the description of B in the formula in subsection 169(1) is deemed to be equal to the particular prescribed percentage. ... As a result, the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for the purpose of making taxable supplies for consideration is deemed to be 15% and the extent to which each of Securities Dealer Y’s residual inputs is acquired, imported or brought into a participating province or consumed or used for purposes other than making taxable supplies for consideration is deemed to be 85%. ...
GST/HST Ruling
23 April 2019 GST/HST Ruling 186334 - S AND INTERPRETATIONS - Annual licensing fees and public service bodies’ rebate eligibility
The provincial exam fee would be consideration for a taxable supply and subject to the GST/HST. ... Expired licence fee The expired licence fee is additional consideration for supply of a licence and would also be exempt. ... Therefore, the “provincial exam fee” is consideration for a service of processing an application. ...
GST/HST Interpretation
5 August 2008 GST/HST Interpretation 79925 - XXXXX - ABM
As stated in XXXXX Licence Agreement 2, the Licensor receives revenues from XXXXX sources. • In consideration of the services provided in XXXXX the Licensee will pay the Licensor XXXXX per successful and completed transactions. ... Another difference is the way the consideration is calculated (i.e. there is no longer a fee that is described as being for the supply of the licensed space). ... Although the consideration for the supply will be different based on which XXXXX is chosen and the consideration is calculated differently then in Licence Agreement 2, we are of the view that what is being provided under Licence Agreement 3 remains a single supply of a licence in respect of real property, i.e. agreeing to the installation and operation of ABMs by the Licensee on the Licensor's premises. ...
GST/HST Interpretation
27 July 2021 GST/HST Interpretation 197267a - Allocation to a general partner
Pursuant to subsection 165(1) the investment limited partnership, as the recipient of the supply, is required to pay GST calculated at the rate of 5% on the value of the consideration for the supply. ... The FMV of the management or administrative services rendered by the general partner to the investment limited partnership should take into consideration the industry standard for the management of investments in comparable situations. ... These fees represent, for GST/HST purposes, consideration for a supply of management or administrative services provided in relation to the asset portfolio of an investment vehicle. ...
GST/HST Interpretation
24 June 2011 GST/HST Interpretation 126708 - Eligibility to claim input tax credits on construction of a recreational complex
The concept underlying ITC allocation methods is that a method or methods used must link a particular property or service to its use for the purpose of making taxable supplies for consideration and for purposes other than making taxable supplies for consideration. ... If the use of a single factor in relation to a particular capital real property does not result in a fair and reasonable allocation of the property used in making taxable supplies for consideration and other uses, such a single factor approach cannot be used. The goal behind choosing a factor or factors is to establish a fair and reasonable allocation method that achieves the correct result (i.e., the extent to which the property is for use in making taxable supplies for consideration or for some other purpose). ...
GST/HST Interpretation
8 March 2011 GST/HST Interpretation 126728 - Application of the HST Transitional Rules to Realtor Services
Determining When a Brokerage Performs its Services Generally, section 43 of the New Harmonized Value-Added Tax System Regulations (the Regulations) provides that the HST at 12% applies to any consideration that becomes due, or is paid without having become due, on or after May 1, 2010, for a taxable supply of a service made in British Columbia, to the extent that the consideration relates to the portion of the service performed on or after July 1, 2010. However, if all or substantially all (i.e., 90% or more) of the service is performed before July 2010, only the GST at 5% is payable on the consideration for the taxable supply of the service. ... The commission is the consideration for the taxable supply of the listing brokerage's service to the vendor. ...
GST/HST Ruling
21 June 2006 GST/HST Ruling 79779 - GST/HST Status XXXXX Herbal Teas
The application of section 9 of Part II of Schedule V to a particular supply is dependent on the mechanism under which the consideration, or portion thereof, payable or reimbursable is made for that supply. Therefore, it will be a question of a fact as to whether the consideration, or a portion of the consideration, payable for a particular service (whether massage therapy or Osteopathic manual therapy) supplied by XXXXX is paid under a provincial health insurance plan described in this exempting provision; i.e., the XXXXX Plan. ... The tax is collectible and remittable on the value of the consideration charged for taxable supplies of both Osteopathic manual therapy services and massage therapy services. ...